Thread regarding Raymond James Financial Inc. layoffs

Today’s 10/30 last check

If I’m not mistaken this month we were supposed to receive a 120 hour check (few times a year we are owed a weeks pay bc of the pay dates) instead of 80 hr
For today’s Last check without seeing the pay stub yet. Seems as tho Raymond James did not pay the 120 hrs for the back week we are owed. It’s just 80 hrs and vacation pay out

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Post ID: @OP+17Gu7SmT

7 replies (most recent on top)

Regarding my Principal 3 accounts, all the balances show as vested. I assume I could move the money from those 3 accounts into one IRA account without any penalties. Is this assumption correct?

Also, I had a RJ employee trading account and had RJF stock which I purchased every quarter through the employee purchase plan. I transferred the account to another institution but I still see there is no cost basis for that RJF stock. Anyone else in seeing something similar?

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Post ID: @3nse+17Gu7SmT

They only paid us for one day of work for this pay stub. The rest is vacation

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Post ID: @qha+17Gu7SmT

Principal does not show us as "separated from service."

Principal shows us as "you can't continue to contribute to your savings."

I am currently contributing $0.00 to my 401(k), but I do have a 401(k) loan. RJF deducted my semi-monthly 401(k) loan payment in today's (10/30/2020) check and will send it to Principal. I expect to see my loan payment posted tomorrow morning at principal.com. Then, I will pay off my 401(k) loan so I do not have it counted as a distribution.

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Post ID: @sla+17Gu7SmT

Did anyone else notice that they took funds out for our 401k even though Principal shows us as separated from service?

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Post ID: @rwj+17Gu7SmT

I was salaried. My paystub shows 1 day pay for 10/16, all remaining vacation and that’s it for me. I expect my severance will be in the 11/13 deposit.

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Post ID: @xrc+17Gu7SmT

Same, I didn't get my full pay either

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Post ID: @nfa+17Gu7SmT

I am owed 3 weeks 124 hours - vacation. The amount that I received in my bank account in no way is a reflection of my regular pay plus vacation hours. Still waiting for the mail to run and receive my remittance so that I can review the breakdown. Wouldn't be surprised if they ripped us all off and we end up without vacation pay owed to us.....

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Post ID: @ukd+17Gu7SmT

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