#vesting

Posts mentioning hashtag #vesting

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Watch your 401-K Match

If you have been recently laid off or left on your own, double check your vesting amount especially if you Rollover your account. I was fully vested as I had been with TD a long time past the vesting requirement before I left. I received an email in December telling me I needed to rollover my account or make an election by a certain time period or my account would be closed and I would basically receive a check for the balance. I rolled it, but then I was missing a large sum of money which was the match portion as if I wasn’t vested. I called Fidelity and they agreed I had been vested for awhile and they reached out to TD to refund me. I’m still waiting on my money and following up. I’m hoping I’m just a clerical error, but I just wanted to throw a heads up in case I’m not.


Vesting

The big vesting is in November, and it will be paid in full.

This is the last large vest for those of us who were here during the 2022 crash when they topped us up.

Going forward vesting is quarterly.

It is much smaller because I used a much higher stock price when allocating them.


Cost of the switch to annual 401k match

AI chatbot told me, when I put in my particulars, that the gains foregone from the switch to annual match from quarterly we used to have is about $1,500, since missing out on getting money in during the lower levels throughout the this year, assuming S&P closes out the year at current level. Thanks Charlie, and the "special award" ain't gonna make up for it, even if we're around for it to vest. Especially given the big lump that would have matched Q1 on the bonus period contribution. And most companies match per pay period, so annual is a real stiffing.


Margin drop intended for new investments? Comp? Or just vesting schedule change?

Is the margin reduction for reinvestment in employees, hiring, comp, or product development? The change in the vesting schedule is not significant. It would be prudent to reinvest in junior employees, new hires, engineers given the recent pressures the company has been facing.

How long do employees need to be at the company to be eligible for equity?


Pattern in layoffs?

I’ve noticed a few people suggest they were laid off just before an employment anniversary or milestone. Curious is any of these people are in the same boat as me, where you were terminated with a couple days of RSUs vesting?