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Asked 1/17/2009
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401K money distribution after being laid off I am currently at a company that is laying people off. I have a 401K plan there but I am not fully vested. Could you please explain what, if any, of the proceeds will go to me. Please advise .Thank you. |
Answer 1/5 - Submitted 1/18/2009
Depends on the agreement you have with the company, or what they said they would give you. You keep everything that's vested. That would be all your contributions, and any contributions from the company that are vested. Many companies will have a sliding scale, vesting maybe 20% a year of their contributions.
Answer 2/5 - Submitted 3/1/2009
Answer 3/5 - Submitted 3/1/2009
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