fidelity
unvested portion of 401k 4/19/2012 7:00PM Reply | Return to Index | Report Post
What happens to that money when i roll my account over?

Does the company get it back? Does the plan administrator keep it?
No Way
RE: unvested portion of 401k 4/19/2012 8:37PM - in reply to fidelity Reply | Return to Index | Report Post
Why do you have unvested money in your 401k?
brogan1
RE: unvested portion of 401k 4/19/2012 8:43PM - in reply to No Way Reply | Return to Index | Report Post
The company will probably have to approve the rollover and when they see that you are not 100% vested they will likely keep their portion.

My previous company waited months to take their portion. I was crossing my fingers hoping they just forgot about it but they eventually took it.
fidelity
RE: unvested portion of 401k 4/20/2012 8:12AM - in reply to No Way Reply | Return to Index | Report Post

No Way wrote:

Why do you have unvested money in your 401k?


division buyout and subsequent layoff
Retirement runner
RE: unvested portion of 401k 4/20/2012 9:01AM - in reply to fidelity Reply | Return to Index | Report Post
The 401k plan gets to keep the unvested balance. The company may either allocate it to the other people in the plan or use the funds to reduce what they have to fund for company contributions.

If you are rehired and return the rolled over amount to the plan, you may be able to get that forfeited amount back. Check the plan document for the specifics before you take the distribution if you have any intention of returning to the company.
Steve Martin
RE: unvested portion of 401k 4/20/2012 9:31AM - in reply to fidelity Reply | Return to Index | Report Post

fidelity wrote:


No Way wrote:

Why do you have unvested money in your 401k?


division buyout and subsequent layoff


Like they said, it will be deducted and returned to the company. It is only payable when years of service are completed
Digit-Al
RE: unvested portion of 401k 4/20/2012 9:34AM - in reply to fidelity Reply | Return to Index | Report Post
Many people are successful in negotiating the keeping of unvested 401k matches. It's worth a try.