They don't match for last year's contributions until around March or April. Whats the chances we don't get that match?
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Does the match really matter? If you make $50,000 and invest 6% which is $3,000. BB&B matches 50% up to your 6% and 0% for anything above. So the BB&B match is $1,500 which in itself is fine but only 20% vests each year. So the year one vested match amount is $300. No one will be around to receive the the following 4 matches at 20% per year.
They can suspend their match anytime.
You already know BBB is going to sc--w everyone out of any 401k match they've shown their colors plenty of times.
You knew what you were getting into. You took a risk and lost. Lesson learned the hard way.
This is telling me it would be a miracle if what they owe us for a match is highly unlikely we get it.
Very helpful link you provided. BBB does to the annual deposit of the match, so the second paragraph above makes me very nervous. I have to say, the deposit of the matching portion is pretty much the only reason I have stayed this long. You had to be employed as of 12/31 to qualify for the match, but the actual deposit to our accounts are months later.
That said, there are two circumstances in which you may not receive all the money you thought was due you.
The first is if your employer didn't deposit your contributions before declaring bankruptcy. Typically, this should only affect one paycheck's worth of contributions, since Department of Labor rules require that all employee contributions must be deposited in the trust as soon as possible, and at the extreme no later than 15 business days following the end of the month when the contributions were made.
The second is when an employer match hasn't been deposited into the trust. Employer contributions (matching or profit-sharing) may be deposited less frequently than employee contributions -- quarterly, semi-annually or even annually. Employers are allowed to make matching contributions until their tax-filing deadline, which can be months into the next calendar year. If the employer hasn't made its contribution to the plan before bankruptcy is declared, the contribution may be lost.
http://www.401khelpcenter.com/401k_education/bankruptcy_and_401k.html#.Y-EoO3bMJOQ