Thread regarding Sungard Availability Services layoffs

Goodbye 401k

Anyone bother reading the sneaky Vanguard email that was sent on Thanksgiving day...... right when it would sail right under the radar of 98% of US employees?!?!?!?!

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Post ID: @OP+12jPMEGI

9 replies (most recent on top)

"Fortunate" matching has lasted this long.....never be the same !!!

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Post ID: @2qpl+12jPMEGI

Sounds about right. Remember they always took carry over vacation days away. It only makes sense they start adding in disclaimers to 401K matching. Hopefully they would leave severance alone.

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Post ID: @1jyn+12jPMEGI

They cant take your 401K, its yours. They will eliminate the matching they provide. Cost savings.

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Post ID: @1owo+12jPMEGI

ship is sinking. All hands beware.

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Post ID: @1dka+12jPMEGI

Sungard Availability Services LP will continue making a matching contribution under the Sungard Availability Services U.S. Savings Plan (the “Plan”) equal to 100% of the amount of your pre-tax/Roth contributions up to 4% of your compensation, until further notice. However, this contribution will not be considered a safe harbor matching contribution, meaning Sungard Availability Services LP reserves the right to modify the amount of the matching contribution at any time in the future, commencing in 2020. Previously, you received a notice describing the availability of a safe harbor matching contribution. You will not lose your rights to any safe harbor matching contributions that you earned prior to January 1st, 2020.
As always, you may change your payroll deferral elections under the Plan at any time.

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Post ID: @sho+12jPMEGI

Ship took on too much water a long time ago

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Post ID: @vwp+12jPMEGI

Haven’t been back in office yet ... what’s the deal

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Post ID: @pwl+12jPMEGI

The suspense is k–ling me. What did the email say?

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Post ID: @vny+12jPMEGI

And ?

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Post ID: @lmz+12jPMEGI

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