Separation package has mentioned age and time of service to receive 401k match. Does anyone know how it works or just forget it .
9 replies (most recent on top)
I checked my 401k account today (August 1st, 2020)and can see 401k match payment received. Please check your account .
Thank you.
ivxc you will get you 401 k match it will probably be 30 days after separation package ends not sure if you guys got 30 or 90 days separation
Usually your years with an acquired company do NOT count.
On 401K match for those who retire officially (15 years and 55+) it may show up before December. I think mine showed up after a couple of months (RA class of 2019). Be sure to check the Fidelity portal periodically.
21sf. I believe you have to be employed, OR retired. If you retire during the year, IBM does match
You have to be EMPLOYED on Dec 31 to get the match, which happens around the first couple of days in Jan.
Lay-off date :05/21/2020
After 19 years with IBM
Age 62
You'll get your match in December like everyone else. I believe your match will be up until the time you left.
I think the answer is : Forget
I did not receive 401k match
Lay-off date :05/21/2020
After 19 years with IBM
Age 62
Do years with a company acquired by IBM count?
If you officially retire they should match. To retire you used to need to be in the year you turn 55 or older AND have 15 years with the company.