2007-01-09 08:47:05 · 3 answers · asked by sdb1234 1 in Business & Finance ➔ Careers & Employment
It depends if you are "vested" or not. The vesting requirements depend on your plan. Read the plan documents AND ask your human resources representative.
2007-01-09 08:51:27 · answer #1 · answered by Anonymous · 2⤊ 0⤋
You get the portion of the match that you are vested in. Your vested portion is dependent upon how long you've been there. generally it's 2 years = 20%, 3 years =40%, 4 years =60%, 5 years =80%, 6 years =100%.
This is only if it's a regular plan. If the plan is a safe harbor plan then you get 100% of the match. Your plan document or SPD will tell you what kind of plan you have.
btw...they don't get the money back. What they can do is either allocate it to everyone else OR use it to lower the matching obligation for the next year. They've already taken the deduction for the contribution, so they can't take the money back.
2007-01-09 08:53:56 · answer #2 · answered by digdowndeepnseattle 6 · 0⤊ 0⤋
If you are vested and you cash out you get it all.
2007-01-09 08:51:45 · answer #3 · answered by AK 6 · 0⤊ 0⤋