#401k

I sort of forgot we only get a 3% match and then the cr-ppy additional match based on business results. Most other competitors do better than but we have a 'great comp package.' We struggle to get great talent in the door anymore because even our own TA teams are frustrated we keep getting turned down for not being competitive with our offers. ugh.

When you retire from AT&T now .............. do you get any benefits as a former employee .

Anyone else receive this notice today? I hope more class action settlements will follow for employee mistreatment and unlawful practices.

How are the 55yo and under thinking they should stay until the end? You have lost out on merit increases, 401K matching and a future, are you staying just for vacation? Just curious as to how Xerox are retaining this group.
I realize some of the younger ones are just trying to build experience for a resume, and some nepatism is helping a few families. But the others?

but I got surplused two years ago. Just came back to check in to see how things are going with everyone. Sounds about the same. It was rough going out there for awhile. The job market is so bad, I applied to over 1000 jobs and it took me 16 months to land a job and it was an indefinite contract job which I'm still in with hopefully FT soon. While the layoff/unemployment/job search process was a nightmare and really did a number on my mental health, some good did come out of it. We were able to pay off every ounce of our debt with the severance. We found an awesome financial advisor and rolled my pension and 401k over and he's made us a ton of money since then, much more than I would have made where it was sitting. It does su-k not knowing if/when this job could end but I'm making $40k more than I was at AT&T and doing much more interesting and meaningful work than I was. The company I'm at now is a billion dollar global manufacturing company and they have their sh-t together so much better than AT&T, it's like night and day seeing what it's like working somewhere that actually cares about their employees. Best of luck to all of you out there. It was hard to lose my job but ultimately I think it was a good thing for sure.

Many companies are stopping multiple benefits.

This isn't a post about rumors or Optum info, it's a post for folks that are hit by RIFs and are tight on funds. Being RIF'd is traumatic for many and in the storm one's focus could be clouded. If your money is tight and you contribute to the 401k you may want to consider immediately dropping your contribution to 0% or 1%, This will ensure your last paycheck is higher by slightly less than the amount you contribute (your tax burden will increase slightly), and even more importantly your severance check will not have whatever percentage deducted from it. Just a friendly tip for the folks get caught in the "axe the onshore web" to increase the take home.

https://www.napa-net.org/news/2026/5/schlichter-bogard-targets-ford-401k-plans-with-broad-breach-claims/

Hope everyone is ready. VP here from LEGACY (not Heritage) TSYS... benefits will be changing next year. Expect changes with time off packages, 401K match, hybrid work (full RTO), and substantial increase in Healthcare costs. You heard it here first.

This company is a total mess. Precisely why I am included in the next RIF in July.

do you think we should get fully vested in a layoff situation? I only have a few months left until my 5-year anniversary, and I see that only 60% of it is vested

I was told by alight that I canceled my retirement last year when I was piped out. I took the pil in july or august last year. I was NRE but knew I was doomed so I left on my own. I got 3 months pay and left asap. I was classified as a terminee because I wasn't 55. I had to wait 90 days to get my lump sum. I turned in the paper work and waited. I got no notification about my status from alight so I called. They said I had canceled my retirement and the lump sum option was not available any more. I filled an appeal and it took a few weeks to get it approved. I faxed and mailed my paperwork to alight. I called and alight rejected my forms because of ilegible dates by the notary. You have to have a notary sign and stamp the spousal consent. Ok round three and I send off the paperwork again. This time alight rejected it because the notary seal was distorted. Now the final attempt and I thought alight was just trying to tire me out so I would just choose the annuity. I meticulously signed the forms and made sure the notary did the same. I hand delivered the paperwork to the woodlands office of alight and turned them into some one at the front desk. The main problem is that it takes several weeks for alight to process the forms and their website is terrible. It says processing for the longest time and then at once says rejected. Once rejected you have to start the process all over waiting for them to mail new paper work. Another stupid thing was all my correspondence was going to my work email which I had no access to. Finally I got my approval and my check. I actually got a few more thousand dollars because my retirement was postponed by a few months. It was a real pain in th a ss kind of like exxon forms and approvals.

So the way script goes is,

It has been strategically decided that your position is being eliminated with broader interest towards shift in technology and geo political landscape.

the decision does not reflect your ability to fully function as an associate and the decision is strictly driven based on parameters beyond the control of global market shift.

You will be notified separately on how your shares, 401k will be vested.

We thank you for your contribution and all the best in your journey .

BNY’s green‑sock LinkedIn stunt wasn’t tone‑deaf — it was a victory lap. A soft‑focus “look at my humanity” performance from our illustrious CEO while employees report stealth layoffs, collapsing teams, and RTO engineered as a slow‑motion purge. It’s financial‑literacy cosplay from executives whose biggest budgeting challenge is deciding which trust to park their bonus in.

And the benefits list? Employees on this forum have already torn it apart with receipts.

Matching newborn savings
A $1,000 match is meaningless when people are afraid to have children because reorgs hit harder than parental leave. Posters repeatedly note that job security is so fragile that planning a family feels reckless.

Down‑payment assistance
Employees point out that RTO forces them into higher‑cost commutes while raises trail inflation for the fifth straight year. Many can’t qualify for mortgages because BNY’s pay bands — widely discussed on the forum — are below market and frozen in amber.

$0 healthcare for those under $75K
This isn’t generosity; it’s a confession. Thousands of full‑time employees at a global bank earn under $75K. Forum posts consistently highlight that this tier is where burnout is highest, turnover is intentional, and workloads balloon after “efficiency” cuts.

401(k) student loan match
A rounding error. Employees repeatedly describe doing the work of two or three people after headcount reductions. A token match doesn’t compensate for systemic understaffing.

So yes — associates are right to question the CEO’s sock‑based empathy tour. When leadership posts costume‑level symbolism while employees describe exhaustion, fear, and constant headcount erosion, the message is clear and unmistakable:

The socks are green.
The spin is polished.
The workforce is disposable.
#LifeatBNY

What happens to any supplemental pension or supplemental 401K savings if you are forced out at 52 and would have been NRE before (I know that is now removed). Would the company really just keep it and say tough luck?

All these posts about how fantastic it is that the stock is at 92. For those holding on, and not selling and diversifying into other investments, or aren't cashing out now; re-read this post when the market corrects. It will.

The best thing you can do is diversify your portfolio. Take CSCO profits now. Before it's too late. Take the proceeds, and simply invest them in simple index funds. Or; take profits now, and pay off debt. Mortgage. Car Loans. The future you, decades out, will thank you.

Yes, I had CSCO RSUs, CSCO Stock Options (the old Cisco Options from the late 1990s/early 2000s), and Cisco ESPP. Never, at any time, did CSCO ever exceed 25% of my total investment portfolio. Ever. I always took option and ESPP profits and rolled them into simple total market index funds. Max out Roth IRAs with the ESPP and RSU proceeds. You will thank yourself later.

Save your market gambling for using the Cisco Brokerage-Link function to day trade things like SPY and other index funds. Save the speculation for that aspect. Leverage Brokerage-Link functionality.

There is safety in being diverse. You are wasting a HUGE opportunity cost, by having an all-in-one basket, waiting to be all lost at the next correction, 2008-ish market meltdown, or CSCO stock demise. It is amazing yes it is at 92; but look at the curve of CSCO going back to 1990s.

Writing this as former CSCO, and living in a neighborhood with several CSCO friends, waiting for their payout, in their $750,000 homes, coupled to serious mortgages and BMW payments. Stop living life shackled to the speculation that this thing is going to keep running. Take your profits now and simplify your lives.

I was guilty of handing on too long to have options and ESPP accumulate, but then as things got very miserable with Cisco corporate ideology changes, I downsized my life financially. I felt shackled in staying because of a number on paper on what it could all be worth. I dumped the ESPP, the RSUs, and paid off all the debt. Then Cisco dumped me. All good, it was the best thing that ever happened to me. Now financially and more importantly mentally free from the whole game.

Writing this in hopes that somehow it inspires someone truly as miserable as I was at my last two years at Cisco to do the same. Now may be the time. Cash out. Get your life back.

By the way: AI play on it. Go put all your RSU shares, and ESPP shares, into ChatGPT. Go ask her how much you will get AFTER taxes. You will be astounded how much Uncle Sam is going to take. Another reason to take the money and run.

I’ve heard different rumors, but can they actually take your pension(cash balance) away from you if you’re let go because they deem you did not go to the office? I know they can’t touch your 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.