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Author: rfzabick Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25247  
Subject: help me understand forfeitures Date: 12/6/2007 10:12 PM
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I worked for Company A from 1999 until 2002. I then left and joined Company B. Both companies had 401k plans which were managed by the same broker. Fast-forward 5 years. I have two 401k accounts, one for each company. I was thinking about rolling Company B's 401k into an IRA, so I looked to see how the 401k had been doing. I saw that the account lost over 10% of its value last month due to forfeiture! After a little bit of searching on the net, it looks like this was just removing the money that my former employer had contributed but was not vested. Why did that money show up as mine for 5 years? I wouldn't have been able to transfer it into an IRA two months ago, right? Was this just an oversight for the last 5 years?
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