Thread regarding Dean Foods Co. layoffs

401k

How does 401k work in a situation like this? I have never experienced this situation just like the rest of you. I was wondering if anyone has any knowledge they can spread to those who don't know?

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Post ID: @12jQQM2n

4 replies (most recent on top)

That's what we need to know.

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Post ID: @12jQQM2n-1gpv

FALSE. Do research about a chapter 11 pal. Company has no obligations to FULLY honor those benefits anymore. The creditors are in charge now. And the belt is as tight as it gets around the employees throats.

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Post ID: @12jQQM2n-nog

Bad info. above. Medical, short term disability, etc has priority, just like the weekly pay.

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Post ID: @12jQQM2n-asv

Cmon....Do I have to answer everything on this board?

Deans can not take away your 401k. But, in a ch11. They are not obligated to match or fully contribute their full portion per paycheck. They are not obligated to fully pay their share in any medical benefit claims as well.

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Post ID: @12jQQM2n-kxk

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