Thread regarding Dun & Bradstreet (D&B) layoffs

401K Questions and Concerns

It has been almost 2 years since I was let go from the firm. My financial advisor recommended to transfer the 401K as soon as the money becomes fully vested.

He has a concern that if the company goes bankrupt or gets bankrupted by the investors I could lose my 401k money still there.

Do anyone have any similar concerns? I really don't want to pull until fully vested. I have been hearing that the company is losing money and there hasn't been a turn back yet.

Thanks

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Post ID: @OP+12yPrMbL

5 replies (most recent on top)

Does it continue vesting after you leave? I thought that stopped on the date of separation.

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Post ID: @3xru+12yPrMbL

Town hall showed big growth in 3rd quarter. Do you think that was a fluke? Is there really a realistic chance for bankruptcy ? I don’t see it. 3 year customer contracts is saying something though. Not in it for the long haul, maybe...

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Post ID: @2cfr+12yPrMbL

Companies cannot tap into the funds contributed to pension and 401k. There are ERISA rules on this.

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Post ID: @2qgw+12yPrMbL

Based on what I ready about dnb’s financial performance, the company is definitely losing a lot of money quickly. When I was still there, it looked like they need to take additional debt to find operations this year. So yes, it is concerning and there is definitely a possibility of bankruptcy

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Post ID: @2bsc+12yPrMbL

Hilariously, I left on my own in August...Yet I still get mail (the latest just yesterday!) about my 'benefits' particularly about my 401K that I closed out in October! Ahahaha!

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Post ID: @1dol+12yPrMbL

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