#401k

I have more than 15 years of service but am in my 40s. Alight gives me the following info when I calculate my lump sum:

One-Time Lump Sum

No payment to your beneficiary.

If married, your spouse must consent.

To choose this option, you must take all of your pension benefit(s) as a lump sum. Does this mean I cannot get a lump sum when I resign?

“This option is only available to you upon termination and at your Normal Retirement Date, or immediately upon separation if later than Normal Retirement Date.”

Has anybody determined what is happening to our 401K match that we are entitled to up to our "transfer" date of 04/12/2026? This was not a voluntary resignation so I would assume we are still due our match. So do I have to leave my 401K with Fidelity until 1st qtr 2027?

For those of you that did 401K contributions, did one get done for the final April 10 paycheck? Those normally show up in my Fidelity account within a few days but I don't see one. I have not recieved a paper pay stub for April 10 yet so I can't see if normal deductions came out of it. Thanks.

How long do you need to be at the company to be vested, partially or totally for your 401(k)?

Executive compensation keeps increasing while workers keep getting laid off. Proposal 3 - vote against. Proposal 4 - vote against. Make your voice heard if you own stock in Citi through the 401k plan. Proxy statements and ballots were rec’d in mail yesterday. Check box to keep vote confidential.

Q: I am 24. I want to retire at 65. I plan to live to 85. How much do I need to save every year if I want to spend $100K every year after retirement?

A:

To retire at 65, live until 85, and spend about $100,000 per year in retirement, you would need to save roughly $6,700 per year starting at age 24. That is about $560 per month. This estimate assumes your investments earn about 7% annually before retirement and about 4% during retirement, with your retirement spending measured in today’s dollars.

The estimate was calculated in two steps. First, I found how much money would be needed at age 65 to fund $100,000 of annual spending for 20 years in retirement, treating retirement withdrawals like a 20-year annuity discounted at a 4% annual return. That gave a required retirement balance of about $1.36 million. Second, I calculated the fixed annual savings needed from age 24 to 65 to grow to that amount, assuming a 7% annual investment return during the saving period.

I was overpaid for one additional week on 4/6. I'm told they will not deduct this from a future check, and that I will eventually be sent a docusign document to repay the overpayment. They deducted an additional week of 401k deductions, too. I'm waiting to hear how they will address this since you can't just take money from this account without tax implications.

Is anyone else still having issues with payroll???

Can we compare how much 401k balance folks have after years of service?

After 16 years I have managed to save just above a million

We are all curious to know if financially is it worth staying on board especially in light of bonuses being eliminated, cut in 401k, poor to no merit increases? Do you really believe this will improve? Any real insight? Please share!!!

If you get laid off and get say 6 months severance and you currently put 1k per month into 401 k does Nike give you the 6k or do they deposit the 6k into 401k? Trying to figure severance numbers just in case. Thanks

Does anyone have experience with this option? Is there a maximum age you can execute this? The reason I am asking is that I am hesitant to commit to a fix life time annuity now with the DOW down 5,000 points since the start of the war. I understand you can withdraw up to 7 percent with this option for non-tiaa traditional. Just wanted to get a perspective before i speak with a TIAA WMA. I appreciate the insight.

Oracle Friends — It’s Hard, But It’s Time to Move Forward

I’ve spent nearly 30 years in this industry, including a meaningful chapter at Oracle. It was a place where I found purpose, built lasting relationships, and took pride in the work I did. Like many of you, I’ve experienced layoffs along the way, not because of performance, but because of timing and circumstances. Sometimes, it really does come down to being in the wrong place at the wrong time.

We’ve had the privilege of working alongside some incredibly talented people. Many of us have built strong careers, earned advanced credentials, and dedicated years—often decades—of hard work. That kind of commitment isn’t easy to step away from. But the reality is, long tenures at a single company are no longer the norm. This is a competitive, fast-changing industry, and staying relevant means continuing to learn, adapt, and grow.

At the same time, it’s worth pausing to acknowledge what we’ve achieved. Many of us have been able to invest in our futures—through 401(k)s, IRAs, and equity—and build a level of financial stability that gives us options during moments like this. Take time to review where you stand and appreciate how far you’ve come.

And maybe most importantly, don’t lose sight of what truly matters. I’ve seen too many talented people work endlessly, only to never fully enjoy the rewards of their efforts.

So as we move forward, let’s keep perspective. Not everyone has had the same opportunities we’ve had. Be grateful, take care of yourself, and make time for the people and experiences that matter most.

Wishing you all strength, clarity, and success in whatever comes next. And yes, it’s ok to let Oracle go.

I logged into fidelity.com and checked my 401k and it seems the profit sharing contribution was not made...it has been made on 3/31 for the past couple of years - not a huge amount but it was a nice little annual boost. Does this go away too in this brave new world?

NIKE is certified $40.00 stock.
Let's hope that it does not hit $30.00
Yesterday's news was so bad that seems like Wall Street got a surprise and they don't like surprises.
Seems like everyone is capitulating this stock and leaving with no support.
No one is valiant enough to step in and pull this Titanic from sinking.

There goes my 401k, I guess I will be a greeter in Walmart when I retire

How sweet is it that Union Pacific is the only railroad that investing to bring history to life! Proud to be a part of a company that cares about our American heritage and the future of rail! So many people are being blessed with the hard work and dedication of the steam shop guys and the money poured into the program by the company. Thanks UP!

I don't understand how they are receiving a 83% match per dollar from the company along with their pension.

I heard directly from our delegate that the company turned down talks about increasing the match for new hires. We instead get this cps 4k which really amounts to not much more then our stock together payout which has now come to an end.

The company is just moving money around, giving the illusion that the new hires are getting something new. What I find funny is how the pension band increase each year by 1% which is more then the cps payout.

Any thoughts on this unwelcome news?

What salary do most people retire at? Say for a CL27, 28, and 29 what would be a typical range for salary at retirement? Trying to figure out how valuable this pension will be if I don’t quit now and stick it out. I have heard that once you hit your mid 40s raises stop.

Public service announcement - if you were laid off in 2025, you should still receive the company 401k match. It was contributed to accounts on March 13, 2026. Check your 401k accounts to confirm. Also, if you were contributing to the Citi company stock fund through the 401k, you should still be able to vote for shareholder resolutions related to the annual stockholder meeting held during the 2nd quarter, so keep an eye out for that proxy communication.

And can you put in 401k or Ira? If Ira what kind

Just got word that anyone hired after April 1st 2026 will not be receiving a pension. They will only get a 401 for retirement. First they took the personal multiplier, now this. Wonder what’s next for the Last 75. Probably going to push the 25-30 year guys out..

For those that got laid off, were you able to contribute to your 401k in the paycheck you received a week for every year worked.

Question #2, under wishful thinking, was there any company match. Pretty sure i know the answer on that one.

I realize this site is a minute fraction of total active employee count, but I have an idea...

Wells needs to have a replacement pool. It would be made-up of laid-off people who are willing to return and swap-in for one of the worthless, retained people Wells truly needs to get rid of.

You would return with years of service, future severance based on prior years of service, prior earned annual PTO days, 401k matching, etc. Salary would be negotiable. People who actually want to work and who are truly competent,

I think I need to pitch this to Wells.

Hi there, I was following the email that said you can make changes to your bonus contribution as to where it will land cash or 401k and when I went to the site I could see a $$$ amount that I could select for cash or 401k, does that mean that is my bonus amount? It seems really low even though I exceeded last year so I am not sure if that is the correct amount or if I’m misunderstanding

This company lays off folks all the time. No reason other than the company isn't meeting their targets. Management team has no loyalty at all to long time, good employees. Even half the HR team including the CPO was canned recently.

And don't get me started. There are no merit increases. And they give you a 401k match but it's funded only once a year. In September 2025 you get your 2024 match. Cool, huh?

anyone else think this trimester update is stupid? the behavioral model is just word soup. how about talking about why our 401k profit sharing contribution was so low?

Right now in America we have more private equity firms than we have McDonald’s. Let that sink in…. More leveraged buyout shops than fast food franchises. And somehow that is supposed to be normal….

This is the investmnt vehicle of choice for Ivy League nepo babies who want the upside without the liability. They sit on top of a backlog of 31,000 to 39,000 companies they cannot sell because they stuffed them with debt and marked them at fantasy valuations. The funds are supposed to close. The assets are supposed to exit. But the market will not pay what they claim those assets are worth.

So what do they do??

The PE firm itself takes almost no risk. They create a fund. Outside investors supply the capital. They borrow the rest from banks, pensions, and public retirement systems. Then they buy a company and load the debt onto that company’s balance sheet. Not their own. The company owes the money back.

It is like buying a car where you get the title, the resale credit, and the bragging rights, but the car is responsible for making the payments. And while the car is trying to pay for itself, you sell its parking spot, lease out its tires, refinance its mainteance plan, and siphon the cash. Then you add more debt. The car still owes it all.

For years, that game worked because rates were near zero. Over the last two years, rates went up. That adjustable rate debt they stacked on top of these businesses is now costing 14 to 18 percent. In distressed deals, 21 PCT. On billions of dollars.

So the math stopped working……..

Instead of taking the loss, they started doing secondaries. ABC PE cant sell its billion dollar company. XYZ Private Equity cannot sell theirs. So they sell them to each other at the same inflated valuations. They borrow fresh money from pensions and other investors to do it. The first fund gets “liquidity.” The second fund inherits the problem.

The Financial Times has been calling this a pyramid for years. No real price discovery. No true market validation. Just circular trades at numbers they agreed on.

Then even that stopped working. One hundred billion dollars in assets could not be moved in the last two quarters of 2025, even through these internal trades.

So now we get continuation funds.

This is where it goes from financial engineering to parody. ABC Private Equity has a company it cannot sell. The fund must close. So they create Fund 2. They raise new money from new investors. Then Fund 2 buys the same asset from Fund 1 at an even higher valuation. The cash from Fund 2 pays off the investors in Fund 1. The asset never faced the open market. The price is whatever they say it is.

That is not sophisticated. That is a textbook Ponzi dynamic. New money pays off old money. The underlying asset does not justify the valuation. It just gets passed around inside the same firm.

And who is the new money? Public pensions. Retirement accounts. 401k allocations. Teachers, firefighters, municipal workers. People who do not even know their retirement is being used to refinance a debt stack on a company nobody else would buy.

Meanwhile, those companies are being strip mined. Fees. Dividends. Asset sales. Cost cutting. More leverage. All while being valued at numbers the market has already rejected.

There is now 31,000 to 39,000 companies sitting in this pipeline. They need exits. They need buyers. They need cash.

Ponzi structures always collapse the same way. Not with drama at first, but with a liquidity squeeze. Eventually you run out of new money. When that happens, the valuations get marked to reality. And reality is not kind to overleveraged assets paying double digit interest.

Instead of admitting the model is broken, the industry is looking at the biggest pools of capital left and thinking: open the pensions wider. Shift the allocation rules. Expand the mandate. Push more retirement money into private markets.

So rather than let bad bets fail, we socialize the downside.

More private equity firms than McDonald’s. Tens of thousands of companies trapped in debt stacks. One hundred billion dollars that could not even be papered over with internal trades. And the proposed solution is to feed it more pension cash.

If this ends the way Ponzi structures usually end, it will not be the partners in the Hamptons taking the hit.

It will be the retirees.

For people who quit T without a severance but have some pension, what are the things you need to take care of in your 2 week notice? Is it as simple as turning your badge, phone and laptop or are there any financial and documentation wise things you need to take care of in terms of 401K

I had set up a 6% 401k contribution on my bonus payout to get the full company match. However, the 2025 STI payout paycheck doesn't have any 401k deduction. Therefore, I am guessing there won't be a company match. Anyone else seeing this? I have reached out to HR via email for clarification.

So remember you think you are guaranteed but honestly once the pensions were sold off they are no longer federally guaranteed it’s state regulatory guaranteed.Which is dependent on state .So NJ would be up to 250,000 .So if you have more your gambling.I believe.But here is one article https://www.americanretiree.com/post/verizon-retirees-object-to-5-9-billion-pension-spinoff

Why aren't we complaining about the laughable 401K match or the limited medical coverage? CDW could contribute $10K to our 401k's today and that would mean more to me than a few days of vacation pay when I leave, or beef up the medical or just give reasonable cola increases? 3% isn't close to actual anything when our base pay isn't even average ---so maybe we should focus on overall benefits that would be incentives to stay.
Calling them merit raises is insulting to people who work hard for this company and get little recognition, but we always seem to find the big money to pay those directors and vp's . Cut the exec pay and use it to pay the people who do the work, then we could have less need for layoffs

It’s midweek. All Hands. The higher ups are ranting and raving about how great of a year we had. How well the company performed. How it’s all “due to our hard work and our commitment to ensuring a great client experience”. Then… the Q&A starts

The inevitable, quarterly question about pay comes up. Management scoffs and gives the same tired answers they always do, smiling because that “hard work” benefits them way more than it does us. “If you want better pay, get promoted”, they say. Work harder, get better reviews each year. Go above and beyond, that’ll make things better.

The kicker is: that’s all bullsh-t.

I’ve been here 8 years. Tried my very best for 6 of those. Got exceeds, got promoted, got licensed, dragged my a-s to the office almost every single day during RTO to sit on VIRTUAL teams meetings, and guess what… it’s always 2-4% merit increases. I half assed it last year, still did pretty well, but basically stopped working myself to the bone for self preservation. Guess what? 2-4%.

Bonus? Pretty much the same as last year accounting for the slight increase in base pay.

Promotions don’t seem to be available now. New hires get paid more than I do. The job market su-ks, I keep looking. I keep my job because I need stability to take care of my family.

My boss plays favorites and low performing ‘personalities’ get better raises because they make people laugh and pick up food during work hours.

This isn’t just a Schwab issue, but an endemic struggle for all who shoulder the palanquins of corporate America. Prices keep going up. Wages barely increase and the rich get richer.

I want to find that spark again. I want to love what I do and strive to perform at my best, but it’s so damned hard when either way… it’s 2 to fu--ing 4%…

There’s really no point

Anyone flip their 401k to IRA yet? What was your experience? Did you choose managed or self directed ?

Change your 401k automatic payroll deduction to 0 ASAP!

If you got laid off, cash is king, don't worry about retirement at this moment - changing to 0 will increase your paychecks for the non-working notice period. If you think you might be laid off or know you are going to be in next round, keep this tip in mind. FYI - if you lose access, you can still get this info via Total Comp Online.

Benefits - Make all medical, dental, eye doctor appointments and refill all prescriptions ASAP. I called my doctor to tell them I was laid off and they called in extra refills for me. Anything you have been putting off, get done now. I had a couple procedures I'd been postponing due to work.

If you have the Vision insurance, it starts fresh every January - it does not matter if you got new glasses in December. I got new sunglasses I desperately needed and my kid got a new pair of regular glasses.

There are a lot of emotions that come with this, so stay strong and I believe we will all end up better off from this down the road. Peace.

Noticed the estimated Lump Sum payout is LOWER for 2026 vs. 2025, which is both alarming and surprising - especially since interest rates declined in 2025 ….. so, I was expecting to see an increase in the Lump Sum amount. Anyone else experience this, and any insight or explanation ??

Rob Del Bene finance guy got a big increase to $6million package. See below His base salary got raised to $800k, he got 401k payments, bonuses, and a load of other....

Just think a bonuses of 135% of base salary thats around $1.1 bonus for shrinking the company, good work if you can get it.

From his contract

2.Effective as of April 1, 2025, your base salary will be increased to $800,000 per year, and shall be payable in accordance with the Company’s normal U.S. payroll practices.

3.Effective as of April 1, 2025, your target annual bonus under the Company’s annual incentive plan will be increased to 135% of your base salary.

Let's reduce 401k from 9% to 6% and hide it.

It seems that there have been more layoffs today, primarily on the account delivery side. Right before the 401(k) match payout. Not sure if this is widespread or localized. These do not appear to be rebadging events.

does anybody know when gainwell will deposit the 2025 401(k) match?

What happened to 401k match? It's February and the match is still not in.