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    cfloater's Avatar
    cfloater Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Mar 16, 2008, 09:58 AM
    401k Vested or Not Vested
    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's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    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?
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