#401k

I’ll just bullet point it so to speak.

1. Got my “let’s catch up meeting” and was given the news.
2. Got a email about 2 days later from HR with instructions
3. Created my account to securely access email from C HR.
4. Downloaded a ton of paperwork they sent me.
5. Waited a few months for my end date. Eventually was sent some papers to sign.
6. 15ish or so days after my end date, I got my severance.
7. Moved my 401K to another financial institution.

No snags, no hassle, it was pretty smooth.

For contributions like profit sharing, is there a vesting period, or is that money yours once it hits? I know for employee matching there is a vesting schedule, but unsure about profit sharing.

Folks in less expensive offices (e.g. NC, Texas...), do you find Fidelity pays the best, locally?

I'm a L7 at NC, 35% Bonus + 17% 401k + Shares amounts to whooping 87% of my base pay, which makes it hard for me to leave for other local companies, even though they offer higher title they can't match Fidelity's total pay package.

I'm especially interested in hearing from folks from Texas office, as there are so many more local opportunities there than NC. Thanks.

Is there a way to get rid of Cigna stock investments in my Empower Retirement portfolio and move those funds into a different investment option? It seems to be locked, and I’m unable to make any changes.

I disagree with Cigna’s decision to reduce its workforce, and I’m concerned about the company’s future outlook and potential decline. I would prefer not to have my retirement savings invested in Cigna stock. Has anyone experienced this or knows how to make changes?

I'm 58, divorced, two kids finishing college next year (both will have jobs come July). Been with Exxon for years, currently a Well Performance Technologist. Have about $1.5M between my 401k and savings, house is paid off and worth around $600k. No loans or other debt, healthy (as far as I know :-).

I'm getting tired of the grind and don't see myself doing this for another 5-7 years.

Always wanted to teach and thinking about finding something part time, not really for the money but because I think I'd actually enjoy it.

I don't spend much and don't need a fancy lifestyle.

Just wondering if I'm crazy to walk away at 58.

Any folks here who retired around this age? Did you regret it? What am I overlooking?

for someone who's single, lives modestly and doesn't have any major expenses, what's a realistic amount to have saved before calling it quits at wells fargo? would $1 million do it, or is $3 million closer to what you'd need these days?

I’ve never experienced a situation like this before, so I’m trying to understand my options. Last year, I contributed $22.5k to my 401(k), but today I received two checks in the mail totaling $20,000. After contacting Fidelity, I was informed that Centene failed the nondiscrimination testing requirements for its 401(k) plan, which resulted in the funds being returned.

What steps should I take to address this? Do I have any options to dispute or challenge the decision? Does this mean that my retirement contributions from last year were essentially wasted, or will I still receive some retirement benefit from them?

I also came across another post suggesting that Fidelity may allow me to keep the funds in the account if I pay a 10% penalty. Is that actually an option?

I would appreciate any guidance on the best way to handle this situation and minimize the financial and retirement impact.

1. Communicate well. 57% of employers rank it the #1 skill they want in a hire — and 18% of employees say poor communication cost them a promotion. Listen fully, write concisely, ask questions.

2. Maximize your 401k. Get the full employer match first — an instant 50-100% return. Then aim for 15% of pay total. 2026 limit: $24,500 ($32,500 if 50+). Auto-escalate 1-2% a year, and send half of every raise to the 401k.

3. Eat home cooked food mostly. People who cook 6+ nights a week eat healthier and spend ~$9/day on food vs $11 for those who rarely cook — about $1,000 a year saved for a family.

Boring, but the numbers work.

Anything expected for Oct/Nov?
In my C&S state over the past year, we have had elimination of bonuses, 1% raises despite performance scores, decrease of our 401k match frozen hiring including not backfilling staff who leave, and a few small layoff/reorg. Morale is low because the increase in workload is mathematically impossible, and no amount of mandatory participation in “culture week” will change that.
Will this continue??

The chaos was understandable directly after the spinoff but what’s the excuse now? Processes change constantly, they’re inconsistent and inefficient. God forbid you bring it up to management, they just gaslight you into everything being your fault. There’s no curiosity to understand the issue much less resolve it. Customers are leaving our platform due to frustrating support experiences. Partners are frustrated working with us because of our ridiculous quoting process. Every tiny ask is met with resistance. Not to mention, I haven’t had any cost of living increases, no merit increases, nothing. They routinely reduce our 401k match.

Omnissa is lucky the job market is awful right now otherwise half this company would be gone.

Most that take a view of the markets and their 401k matching empty the T portion routinely. Feel for those that don't look at it and just have a building balance of matched funds in AT&T shares fund as this stock continues to go down.

Stankeys resposbility to Shareholders is failing and his exit is timed like the CFO in an orderly fashion.

FYI the November 120% federal mid-term Applicable Federal Rate is 6.11% for those of you who are ready to retire before age 55 from this company.

Yes, you would get the 401(k) match.
If you are displaced today (October 17, 2026), your 60-day paid notice period will run through December 16, 2026. Because you remain an active employee of record on the corporate payroll through the end of that notice window, you will officially cross the critical December 15th eligibility deadline.

Is my list complete?

1. 2-week notice
2. Unused PTO payout
3. Voya 401k
   What else?

For those planning to get outta here before the major reductions at sites in the next year, does the month counter for 401K vesting go up on an anniversary date or month end?

There are a lot of VZ people who really have no clue and should talk to a financial advisor well before you are thinking of retirement. Trust me, it won’t hurt and you will get very informed.

Stop crying, people. If you own the stock in the 401. You are getting a bonus with warrants.

https://www.sec.gov/ix?doc=/Archives/edgar/data/0002041610/000110465926113076/tm2626659d3_8k.htm

There seems to be some confsion on this board, I've see at least 2 posts that are off. The 401K isn't actually moving from Fidelity to Goldman. Fidelity is expected to remain the recordkeeper and administrator for employee accts.What's changing is the investment mgm side. VZ has apparently decided to move the role previously handled internally by VIMCO to Goldman, which will act as an outsourced CIO for the 401k + pension assets.

So the bigger story may not be Fidelity vs Goldman. It's VZ moving mgmt of its retirement assets from an internal investment org to an outside firm. Anyone know what happens or happened to VIMCO and the people currently doing this work?

Any one know what the issue is around the tupe XBS uk staff and pensions I have heard lots of grumbling and mentions of not switching us to the proper pension when we could have.

People are saying it could be back dated money into our pension pot. Anyone had anything? or know what it is about?

Stock pattern looks like divestment by big holders.
Undervalued? lol. Hope you divested in your 401k
Zero confidence in aero ability to pull it out.
This is ISC after all.

I will be displaced, what is the latest on getting a bonus paid ( probable amount) and 401K match date if you are displaced Sept 29th - 60 days is Nov 28th and Severance starts then...

In a recent forum an executive enthusiastically talked about quadrupling the share price and getting investors to value our company differently. I am sure he is excited sitting in his pile of RSUs. But he forgets that for average joe employees we get nothing when the stock price goes up. Heck they cut our 401k match rather than reduce their own dividend checks. Employees get zero benefit from the stock price changing.

I am considering another opportunity with a required start date in early November. The other company is not willing to change the start date.

Leaving before year-end may affect my annual bonus and 401(k) match. Does anyone know the last date we must remain employed to receive both the bonus and the 401(k) match?

I would like to understand the eligibility rules before I make a decision.

I’m losing more of my retirement each day and this a hole is nowhere to be found

Does anyone know how do we access our 401k accounts from home? I plan on moving it next year once we get this year’s contributions but I like to check the balance every so often. I would like to figure out how now that my access is being shutoff in a few hours.

Has anyone recently resigned, and if so, does anyone know how the bonus payout and 401(k) match schedule works for employees who leave during the year?

I’ve seen many posts here with mixed responses on whether employees who resign are eligible for their annual bonus and 401(k) contributions, so I’m trying to get some clarity based on actual experiences.

I’m currently the only employee based in the U.S., and it appears the call center & technology operations are moving offshore. I haven’t communicated any intention to leave, but I’d like to understand my options and what happens to earned benefits if someone decides to resign.

Also, does anyone have insight into the so-called 30-day notice period? Is that a company requirement, and how does it impact the final paycheck, bonus eligibility, or other benefits?

There are some specific steps to take that might be beneficial to some of us on here:

1. If you still have floating holiday, use it ASAP
2. Check if your state requires payment of PTO. If you don’t take it, it may disappear
3. Be sure your manager is aware of any protected status you have. That may positively impact your severance
4. Know the cost of COBRA
5. Build the relationships that will be valuable to you if you’re laid off - references, networks for future jobs, and future business contacts are invaluable. Personal phone numbers and email addresses are crucial
6. Build those LinkedIn connections now, before a layoff
7. Do NOT do anything the company might consider crossing a line of taking confidential information. I’ll let you figure out how to navigate that!
8. Any health or ancillary benefits that you want to take advantage of, do it NOW. The year is wrapping up quickly anyhow.
9. Max out your 401k if you’ve got the ability
   10, Make sure you have the HR number and any benefits numbers or addresses.
10. Get your information out there on LinkedIn and other sites, and keep your status as “Open to Work”. It’s easier to get a job when you have a job, or so the saying goes.
11. Keep your head up, don’t doomscroll on this site, and try to avoid too much gossip with coworkers - Optum is just a paycheck, not the meaning of our lives.

I hope this helps - it’s a partial list, and others might have additions etc.

For those whom took the VSP or impacted by ISP, what happened to your 401k loan?

Did you have to pay the balance remaining immediately or did Fidelity Investments allow you to continue making biweekly payments?

I’m currently on approved medical leave and still an employee, but my employment is ending in October 2026.
Since Wells Fargo pays the 401(k) match as a lump sum at year-end and usually requires you to be employed on December 15:
Will an October termination forfeit my entire 2026 match?
Are there exceptions to the Dec 15 rule for medical leave or involuntary termination/severance?
Has anyone in a similar situation received a prorated payout or offset?
Thanks for any insights!

How high will it go? I sold most of my CVX years ago. I still have a good chunk but def not one of those all CVX EE’s. I’m mid career and already looking for the off rap. Building that 401k and pension till the next lay off. I’ve gotten nearly 20 years and this is a totally different company. Just going to take my job the best I can and ride it out as long as I can as well.

those are many unable to add catch-up contributions because of no Roth and income limits, did anyone hear about the possibility of HCSC adding the Roth option for 2027

S-B trying to wrap himself in the work and sacrifice of others. FU Dan. VZ had over 220K employees at one time, and now under 90K, most of them kicked to the curb before Dan put his sh1t covered boot prints on the company. Hey Dan, what about those employees and their families? Guessing a number of those families went on to lose their homes and drain their 401k accounts, not to mention any health issues that could not be properly addressed because they lost their health insurance. Don't give me the BS about cutting people for the good of the company. There is and has been PLENTY of money coming into the company. That money does NOT need to keep going up to the wealthiest people in the world. Those fired employees helped build this company into the one that HAD the best network. Well, it was, at least, until you and your ilk decided the network was over engineered and decided to let the upkeep go to he-l (readers - see the fierce wireless article for Dan's characterizations). All the mid level managers and higher going along with it and participating in the RIFs are just as bad. P1ss poor human beings. Go work for a defense contractor where you can do even more damage....

Beyond 9/11, there are and have been many employees who sacrifice their time when there are natural and other disasters to get and keep the network up and available. Now, because of the cutbacks (i.e. greed of the sociopaths), even though those efforts are still needed, people are and will be stretched beyond thin when those efforts are needed.

Fierce Wireless article link:
https://www.fierce-network.com/broadband/verizon-ceo-dan-schulman-describes-himself-pretty-intense-guy

"Schulman said he wanted to emphasize four things over the past year. "The first is I wanted the company to stop being overly engineering focused and really be obsessed with our customer.” He said he would measure the success of that based on whether churn was going down and whether post-paid phone net ads were going up."

I remember asking if there was a chance they’d reduce a day as gas prices climbed and was told no. Never mind how other people are abusing that but with prices going up I am pretty close to living paycheck to paycheck. I don’t want to bring it up again to the powers that be but it’s really getting hard. Every single thing is. The icing on the cake is the constant fear of a layoff every other week. Is anyone else going through this? I’m tempted to borrow from my 401K.

What exactly are the benefits of retiring if I don’t plan on drawing from my 401(k) and I don’t need healthcare through the company? Am I basically just giving up my employee discount? I’m trying to understand what other perks I’d actually be getting, because honestly, I’m having a hard time seeing what’s worth spending five more years here just to satisfy the Rule of 75.

What is up with the Voya 401k website? Broken links. No access to adjusting funds.

The new CEO is going to be amazing! There will not be any more layoffs, the 401k match will go to 12%, everyone can work remote 5 days a week, all salaries will be increased 20%, annual increases will be 10% minimum, and every teammate will get their very own unicorn!!

Or nothing will change for us grunts in the trenches and the new faces sitting in the same executive offices will still get rich off of us just like the ones currently in those offices. It really su-ks to be us.

Executives

• dropped the 401k match
• froze salaries for non hipos
• dropped charitable contribution match
• dropped education reimbursement
• doubled PIP percentage
• increased insurance premiums while reducing insurance quality
• conducted layoffs with the lowest severance possible
  All while making zero changes to the executive bonus and compensation program, in fact giving themselves even larger bonuses.

As we focus on retaining top talent, is the bank considering reinstating the discretionary 1% 401(k) match that teammates have received in the past?