I wonder if they are going to hold off on the 401k match again this year.
Any guesses on 401k match this year?
- Thread starter anonymous
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supposed to be paid in March; however, in past years, they have paid much later in the year.
I’m done with Slopko but have not closed out my 401k. As it is still “active,” Frosty has to pay up. Then I’ll fold it up.
Another ploy to keep employees from selling their stock when they leave. Turnover is so high every little bit helps, protect the stock at all costs.
They can sell stock before they leave. How is that connected?
Yes they can transfer or sell their stock in the 401k but they will NOT get the matching portion if they move the stock prior to the matching payout.
It doesn’t work like that. The plan doesn’t have a “true up”. Therefore, if you max out your plan early, you're no longer entitled to anymore match for the remainder of the year. Some companies true up which is great and allows you to max out early without the consequences of losing the match.
You can access the plan documents on the fidelity site. Once your money is in your account, you can do whatever you want with it. Keep it, move it, borrow it, withdraw it etc.
So why all the mental gymnastics over stock v. Co. contributions? Nothing in any form has been paid out in 2022 for a legal requirement to pay up. Cheap-ass Frosty holding out here in Mid-May for an obligation he has to pay out in Q1! Special place in hell for him and his ilk. BTW, is Frosty still alive, or is he just propped up in his chair on Biscayne Blvd.? 
Matches are in! At least they went in at the bottom instead of top like last year.
Weekend at Frosty’sSo why all the mental gymnastics over stock v. Co. contributions? Nothing in any form has been paid out in 2022 for a legal requirement to pay up. Cheap-ass Frosty holding out here in Mid-May for an obligation he has to pay out in Q1! Special place in hell for him and his ilk. BTW, is Frosty still alive, or is he just propped up in his chair on Biscayne Blvd.?