Do the December VSPrs get the 3% profit share. If yes, how will it be paid out
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Your 401k remains open. Access it.....401k.com, with the same passwords you had as an employee. I moved my pension and 401k to a Certified financial planner and they use fidelity because it makes things easier for VZ retirees. I can access the 401k site and see all of my $ but it is managed by a 3rd party. Your profit sharing will be deposited. I also see a few hundred under the vz plan, maybe dividends or something but the 3% will show up there as well.
I was told when I initiated my roll-over if you rolled all your 401K into an external IRA your account will still receive any money the company gives you. You will just need to either roll it out or take a payout.
I guess I won't get any of the 3% since I rolled over all my VRZ 401k assets to an IRA last week 😒
Has the percentage been announced yet? I believe it can be up to 3%.
Yes. Into 401k...with FTEs
Yes. Read the FAQs.