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To: beaversmom

There should be no matching funds after he leaft, but if the company’s rules were that he was fully vested, then the money was his. They can’t take back what now belongs to him. Check with the previous administrator to see how much money he had and what the vesting was. I don’t know how long he worked for the company, but I have never seen it take more than 5 years to be fully vested. It’s usually a sliding scale: end of 1st year, vested 20%, end of second year, vested 40%, end of 3rd year, vested 60%, 4th-80%, and 5th-100%. Also, at ALL times, from the very first, all of your husband’s contributions were his. The only question is whether he was vested in the employer’s match.


25 posted on 08/13/2010 3:51:05 PM PDT by DallasDeb (USAFA '06 Mom)
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To: DallasDeb

He worked there 7 years and had the 401K for just over 5 years before he left. The money was initially with Principal. We have those statements that say he was 100% vested after the 5th year. Then the account was transferred to Great West. None of their statements indicate the vesting. Now it’s with AUL.


26 posted on 08/13/2010 3:56:29 PM PDT by beaversmom
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