Thread regarding AT&T layoffs

401(k) applied to bonus check even if separated?

So I'm planning to be outta here before the March 6 payout, but for tax planning reasons I would like to know if someone has experience with this.

As far as I can tell, I am eligible for the 2021 bonus though I will be leaving in a couple of weeks. What is unclear is whether this check will have the usual percentage of 401(k) deduction. I know it normally does, normally being if I am still employed at the time the check is cut.

But what if I'm already separated? Will they still deduct the 401(k) amount? Anyone been through this? Thanks.

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Post ID: @OP+1eOnH4St

12 replies (most recent on top)

Well you basically won't have a company 401K.

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Post ID: @2rmh+1eOnH4St

If you retire or are separated from the company before payout you'll get your bonus. Not sure what happens re 401k. I know as an active employee my bonus payment has a 401k deduction. If you just up and quit before payout you will lose your bonus. Many people who plan to quit wait until after the March payout.

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Post ID: @2teg+1eOnH4St

401k deduction will not be taken out from bonus payment

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Post ID: @1dtp+1eOnH4St

What would you expect from such a sh-t company. There will be no bonus or merit increases.

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Post ID: @1qgu+1eOnH4St

Wow, the bitterness and angst of some people. I understand if you've had a rough life (we all do in one way or another), but does it need to make you this way?

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Post ID: @mto+1eOnH4St

I you are eligible for the bonus payout and have left the payroll, the only deductions will be tax and SS. 401k will NOT be deducted.

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Post ID: @iuz+1eOnH4St

You should get NOTHING for posting it on the wrong message board

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Post ID: @cxj+1eOnH4St

Statistically, I'm sure there are quite a few employees (or their live-in family) who do.
Welfare fraud is a $125Billion problem annually.

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Post ID: @poh+1eOnH4St

I swear some of the employees on this board would apply for food stamps if they could!

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Post ID: @gas+1eOnH4St

This has NOTHING to fo with LAYOFFS. Call HR dang it. Get off this site

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Post ID: @ifl+1eOnH4St

If you leave before the payout date you are no longer an eligible employee.

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Post ID: @bbd+1eOnH4St

You will not get anything. No money no more.

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Post ID: @qhu+1eOnH4St

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