No. of Recommendations: 0
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.
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement