How to preserve 401k match after leaving job?

Financial Planning - Financial planning in general. (Moderated) 

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Subject Author Date How to preserve 401k match after leaving job? radraccoon 11-17-2006  Re: How to preserve 401k match after leaving job? Rich Carreiro 11-17-2006  Re: How to preserve 401k match after leaving job? woessner@gmail.... 11-17-2006
Posted by on November 17, 2006, 11:10 am I quit my old job about a month and a half ago. I've already started work at a new job. At my old job, the 401k contirbution matching didn't vest until 3 years of employment (I was only there about 1.5 years.) The unvested matching has not yet been withdrawn by my emlpoyer from my 401k account. Is there anything I can do to keep it from being withdrawn? If I try to transfer it to my new 401k is the administrator more or less likely to catch the oversight? If I leave the account as is, is it possible the mony will never be taken out? Posted by Rich Carreiro on November 17, 2006, 11:38 am radraccoon@gmail.com writes: > years.) The unvested matching has not yet been withdrawn by my > emlpoyer from my 401k account. That's not surprising. Many plans leave the unvested money in the account until you withdraw it. I imagine that this is because there's always the chance you could come back to the employer in the future and complete the service needed to vest it. > Is there anything I can do to keep it from being withdrawn? Go back to work for the employer and complete the service needed to vest it :-) > If I try to transfer it to my new 401k is the administrator more or > less likely to catch the oversight? I doubt there's any oversight in the first place. > If I leave the account as is, is it possible the mony will never be > taken out? It's possible. Just like it's possible the sun might not rise tomorrow :) -- Rich Carreiro rlcarr@animato.arlington.ma.us Posted by woessner@gmail.com on November 17, 2006, 12:11 pm radraccoon@gmail.com wrote: > I quit my old job about a month and a half ago. I've already started > work at a new job. At my old job, the 401k contirbution matching > didn't vest until 3 years of employment (I was only there about 1.5 > years.) The unvested matching has not yet been withdrawn by my > emlpoyer from my 401k account. Is there anything I can do to keep it > from being withdrawn? If I try to transfer it to my new 401k is the > administrator more or less likely to catch the oversight? If I leave > the account as is, is it possible the mony will never be taken out? At the risk of sounding like a troll... This newsgroup is about financial planning, not robbing your employer. If you aren't vested in that money, it's not yours. It's as simple as that. Looking for a loophole so that you can keep that money is tantamount to trying to steal from your employer. --Bill Similar Threads Posted age 55 - leaving job - 401k March 28, 2007, 8:19 am The *company* economics of a 401k match May 13, 2008, 5:15 am Why SS calculator does not match statement? December 16, 2007, 1:55 pm 401k rollover into 401k or IRA question January 12, 2007, 3:33 pm 401k October 22, 2006, 4:48 pm 401k "force out" September 18, 2007, 5:15 pm 401k rollover October 30, 2006, 5:01 am 401k, really worth it? November 1, 2006, 7:11 pm Individual 401K LLC November 5, 2006, 8:34 am 401K rollover November 7, 2006, 10:40 am