Thread regarding Raymond James Financial Inc. layoffs

Unvested 401k, Profit Sharing, and ESOP

I was one of those unfortunate enough to be let go in this round. Unfortunately, I was only with RJ for 3+ years and was just beginning to think that I like this company, based on their calm response to the pandemic. Guess the management showed me, huh!

Anyway, does anyone know what happens to the unvested portion of our retirement savings accounts in case of such an involuntary separation?

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and this unvested, forfeited, scenario applies whether you were terminated, resigned, retired or died, i.e., left the employ of the company.

The unvested portion is "forfeited" and goes back to Raymond James Financial to do as they wish.

In the dozen years that I have been here, we get an extra "Forfeiture" contribution of $20 or $30 or so around January. RJF, at their discretion, gives that forfeited monies to people who are vested.

They are under no obligation to do so, but they have in the past.

Thread regarding Raymond James Financial Inc. layoffs

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