Does anyone know how the profit sharing will be paid out to those of us who accepted the VSP and at what % ? IE: check or deposited to 401k ?
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It was paid out about a week ago. Check your 401k on the Fidellity website.
I heard some areas got more than the 100% in the package??
@3hnz You misunderstood what you heard as that's incorrect. the 12/28 VSPers are eligible for the full 2018 corporate profit share paid last week. The 3/22 and 6/28 VSPers will also be eligible for a prorated 2019 corporate profit share (if we get one) paid in March 2020.
that question was ask during VSP calls oct nov & dec Martha said VSP ers were not qualified for the 2019 Profit sharing payout.
December VSP person here moved 401K earlier. Verizon account is still open. Profit sharing is in Verizon 401k this morning.
Thank you for the information !
deposited directly into your 401k. If you worked part of this year, a prorated amount will also be deposited in March of next year. So..if you move your $$ out of your Fidelity account, the account doesn't close. It will remain open so VZ can put next years's profit sharing into it. So..keep monitoring that account until March of next year.