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Author: wfoy One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75340  
Subject: Question concerning vestment in 401k Date: 9/7/2001 1:31 PM
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The parent corporation of the company I work for has anounced that they are putting us up for sale. For those of us that are only partially vested in company contributions to our 401k, what will happen to the unvested portion of those contributions?

Do they stay with our current parent corporation or will they transfer with us to the 401k plan of a new parent corporation?

If we have the option of leaving the money in our current 401k, do the vestment rules, fully vested in 5 years, still apply since we would no longer be working for the same company?

Thanks for all answers and any other comments concerning this situation.
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