PDA

View Full Version : 401k Vested or Not Vested


cfloater
Mar 16, 2008, 09:58 AM
I worked for my previous employer for a few years making regular contributions to my 401k with a small match from my employer. Now my employer has sold the business. I am told that I need to roll the money from my 401k into a IRA but I can only roll over the money that I am vested. Since I did not brake the contract should I not be entitled to 100% of the money?
Thank you
Chris

ScottGem
Mar 16, 2008, 10:06 AM
Generally if a plan is terminated, then all company contributions vest fully. But it may depends on the terms of the sale and the plan. What is the plan admin telling you?