Thread regarding Wells Fargo & Co. layoffs

401k match on layoff

Do you get accrued matches when laid off?

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| 1111 views | | 6 replies (last September 4, 2024) | Reply
Post ID: @OP+1uj4AK4G

6 replies (most recent on top)

@1fhu+1uj4AK4G is correct. If laid off before Oct 16 you will NOT get your 401K matched. If laid off before Oct 16 you will not be employed on 12/15. You are employed during notice period but not during severance payout.

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Post ID: @2hlv+1uj4AK4G

What happens if it’s not vested, does it become vested once laid off?

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Post ID: @1txh+1uj4AK4G

Your 60 day notice has to be on/after Oct 16 so as to hit 12/15 and be match-eligible.

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Post ID: @1fhu+1uj4AK4G

you need to be employed until December 15 to get 401k matching, paid on 12/31/2024

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Post ID: @1umm+1uj4AK4G

lol. FFS

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Post ID: @1rfq+1uj4AK4G

Not until November. I believe that is when Wells Fargo put in the match.

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Post ID: @1ztc+1uj4AK4G

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