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Coastal Pediatric 401(k) Scandal | Charleston News
Description
Former Coastal Pediatric Associates employees are demanding tens of thousands in unpaid 401(k) contributions after discovering the practice’s partners failed to deposit employer matches for years — leaving nearly all 250 staff members shortchanged. An employee’s accidental discovery sparked a Department of Labor investigation, revealing systemic oversight by partners who claim they were focused on patient care, not plan administration. Though recent payments have covered 2023–2025 contributions and begun vesting 2022 matches, many former workers still owe unpaid interest and received less than half their due. The company vows full resolution, but timelines remain unclear as legal and administrative hurdles delay final repayments.
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