#401k

does anybody know when gainwell will deposit the 2025 401(k) match?

What happened to 401k match? It's February and the match is still not in.

Anyone knows how the vesting will be ? Would this come under partial termination plan ?

Verizon retiree healthcare costs 2-4 times what is available on open market. The 25% retiree wireless discount is far more expensive than T-MO’s 55 plans — or any other carrier. Unless you have pension from wayyyy back or part of the union, there is no reason to stay until retirement. And they’ll rif you long before you hit mid-60s anyway. Get out now before Dan the Hatchet Man and Slam Hammock take what’s left of your dignity.

Five former Dell Technologies employees have filed a lawsuit against the company, alleging that poor oversight of its 401(k) retirement plan led to massive losses for workers. The complaint, filed on Jan. 28 in federal court in Austin, Texas, claims Dell failed to properly manage the plan and cost participants more than $318 million.

According to the proposed class action, Dell violated the Employee Retirement Income Security Act by continuing to offer investment funds that consistently underperformed, even as stronger and less expensive alternatives were available. The plaintiffs argue that this prolonged inaction put employees’ retirement savings at risk and eroded long term returns.

It looks like the rumors were true. Employee match on retirement was reduced to 3.5%. That flew right under the radar.

Minimal/no raises or bonuses. Employee match ~50% of what other large companies offer. RTO wasted time and expense for no reason. No major benefits. Even OnePass has become outrageously expensive. From a FORTUNE 3 company. Absolutely disgusted.

Sorry you had to miss that summer Olympics game tickets you had.

Here’s a want. I want leaders who aren't total mo--ns. I want leaders who don't cut their employees 401k match before their over inflated salary. I want a less toxic culture that doesn't promote snake oil salesman over actual innovators. Or are those needs???

I don't know how I could dislike this person more. Maybe if he disparaged his brother or something to a live work audience… oh wait…

Here is my story. I made it 13 years at exxon before before quitting. No retirement for me except some of the pension lump sum. The lying a hole hr snake said I would not get anything but I got a little. I made several million dollars during my time at exxon and at my other company. I left with about 2.1 million in my 401k and a lump sum payout of only 230k. I left without any notice. I just stopped coming in to work. I truly hated exxon in the end and could not stand the supervisors and managers. The group was so toxic and gossipy. Eventually exxon sent me a letter of job abandonment and paid my vacation time. It was the best decision and feeling of my life. The money I made was more than enough for me to live on. I kept on working in order to get the medical benefit and higher pension payout but in the end it was not worth the pain and mental anguish. I was seriously thinking of working till 60 at exxon. I now travel the world visiting all of europe, Asia and south america. I got great medical insurance that is more expensive but better than exxon's was. I left in mid 2025 and my financial advisor has already increased my portfolio by almost 250,000 dollars. I live a very frugal life and have no payments as everything I own is paid off. I can live on as little as 2100.00 dollars a month. I so wanted to tell my supervisor to f k off and cuss them out but did not get the chance to. So in the end money was the key to my freedom and happiness. If you are miserable quit and leave before you suffer undue mental damage. This is my story and I hope it helps others who are going through the same he-l I was. I do not want to work anymore as exxon has ruined the experience for me. If I find employment that I can help and succeed in I may try. Good luck to all who play the game but remember the game is rigged at exxon. I had a horrible experience at exxon and hated every moment.

Just got mail from MetLife announcing "important updates to your MetLife 401(k) plan".

#1 New Target-Date funds. Balance fund going away. Ok fine.

#2 Access to Retirement Planning and Advice. Anybody have details on this? I couldn't find in the "literature" whether this was free (how much is free advice worth), or how much it costs. Sometimes the "advice" is really just a sales pitch, so sus. Seems unlikely that they could truly afford to offer "guidance tailored to your unique financial situation that evolves with you as your needs and goals change" unless it was 100% A.I.

Would like to hear from someone that knows.

Does any know when will CITI match our 401K 2025 contributions?

At this rate, I will not be surprised if Cigna starts taking away some perks like 401k match.

Cigna might start reducing match %, freeze 401k program for sometime or even completely remove 401k benefit to force people to quit.

FYI if u have Verizon stock in your 401k and choose to select cash instead of dividend reinvestment it gets treated as regular income when the dividend pays.

Just like this coming Monday.

Even though it’s coming from the 401k.

No penalty and depending how much stock you have can add up.

Just saying

Guys don’t work after 4-5, don’t go in early, don’t give up nights with your family, don’t respond to emails outside of work hours, don’t be proactive. Can’t tell you how much I have given up for this company over the last few years and what is there to show for it? No hope for promotion, 1% raises, took away my bonus, reduced 401k all for leaders to tell me I should be grateful I have a job. Sorta falls on deaf ears when your compensation is going up and ours is going down. All that to say, do the bare minimum guys, this company will not reward you for your efforts. On the contrary you’ll probably get laid off.

Give them none.

Skeletor, Cuervo Swerve-O, and SD have no compunction about making our experience as employees worse. From cutting our 401k match to delusional AI boosterism, they've demonstrated they are incapable of leading.

Mock them for the hacks they are whenever you can.

They just have to hold onto the money till the last minute.

Each year merits and bonus payments seem later too!

So the 401K company match is now in our Voyager accounts, and Robin / leadership no longer mention how they’ve sc--wed us by deferring the payout to January each year rather than with each paycheck. Can’t believe they kept this change in place, and think the workforce is so stupid and sheep-like to think it’s fine. There’s zero effective leadership here. Most managers are sychophants (mine is the epitome of the Peters’ Principle in practice…completely incompetent). Now the match is in, and the bonus due tomorrow, my resignation will be submitted on Monday.

Anyone else seen this before? Regarding possible violation of employee rights in TRP 401k plan?

https://bivens.plaintip.com/index.php/t-rowe-price-group/?li_fat_id=c9089eae-4599-4ec0-9a7b-9e4f1ed5a216&*CA

Various locations in WA listed as closure

Not layoff related, I know, but am curious what your investment return on your CVX 401(k) has been for the past year and YTD (you can see this easily when you click on the ESIP link from your Fidelity home page).

Suggested format:

1 year return X%
YTD return Y%

Mine:
1 year return ~14%
YTD return ~6%

Coworkers laid off last week, this week I hear the product I work on is being gutted. Some will move to other areas, others will be let go. For the “lucky ones” that remain, it feels like we are left behind on a sinking ship. Lower 401k, no hopes for promotion, they removed our bonuses, and after the earnings call today it seems things will continue to get worse. Besides the people I work with I can’t think of a single positive thing about working for this company, and ironically they’re in the process of wrecking that last part. The toughest part is that we can’t complain about low morale because that is by design. Leadership wants people to hate their job so they quit. Things are looking bleak - decided to start looking outside the company today.

If you have been recently laid off or left on your own, double check your vesting amount especially if you Rollover your account. I was fully vested as I had been with TD a long time past the vesting requirement before I left. I received an email in December telling me I needed to rollover my account or make an election by a certain time period or my account would be closed and I would basically receive a check for the balance. I rolled it, but then I was missing a large sum of money which was the match portion as if I wasn’t vested. I called Fidelity and they agreed I had been vested for awhile and they reached out to TD to refund me. I’m still waiting on my money and following up. I’m hoping I’m just a clerical error, but I just wanted to throw a heads up in case I’m not.

Do you think it is best to stop 401k withdrawal with the layoff uncertainty?

https://www.wellsfargoesopsettlement.com/

Anyone got the email?

Today Steve will announce he plans to return profits to Obama care in 2026. Flood your congressman with your thoughts as they should ask him where he obtained all that money. Makes sense why no one getting a descent raise, a bonus or why he decreased the 401 k match and the uptick in layoffs. He got to impress some congressman and throw them a bone.

I was left a voicemail from a phone call from a personal phone number saying that he was from Wells Fargo 401k Plan and that they received a change in the status of the account.

I'm not sure if this is a phishing attempt.

I can log-in and everything seems fine. From my understanding I could keep the funds in the account.

When I call the phone number from another phone I have, I am greeted with "Thank you for calling Empower. Your call may be recorded..."

Was it scam call?

No matter where you work, you should work toward accumulating a financial base to where you can tell anyone that they can go “F’ yourself”. This takes time, a lifetime in some cases but it can be done.

Don’t spend your raises or bonus’s and funnel your extra money into investments. On raises and bonus’s, put about 10% of that aside to reward yourself but be as frugal as you can be. Now Citi does not make this easy as they are extremely lacking in rewards for a job well done but still this is an achievable goal. Work toward a 1 month pay in liquid cash, then 3 months. Put this amount in a CD at a fixed interest rate. Then work toward 6 months, put this into a CD. Then 9 months, same thing, then a full year same thing. Again this takes time. Once done though, as they mature, you’ll be faced with a decision to cash them in or roll them over. Stagger each CD purchase to where they don’t all mature at once. I get it, I really do. This is not a quick fix, its not a fast turn around and you have to spend money to live. It’s a choice though that’s worth the sacrifice. Max out your 401K always.

Resist the urge to have the latest and greatest Iphone, entertainment center, PC, car….etc. … Work hard toward wealth, not money. Build enough wealth to where you don’t care what Citi does. Enough cash reserves to where if you get let go, its of no significance to your life.

If this is so great and fail safe why am I still working at Citi, you may be thinking. I have a good gig. I’m happy and I get paid. Should Citi ever deem my employment no longer needed, that’s ok too. Should Citi ever do or mandate something that I don’t care for, no issue there, I’ll just walk. Simple as that.

I admit, its not always been that way but like I said, this takes a tremendous amount of time and its exponentially harder to do if you have kids but this is what Citi hinges on. They rely on your desperation, your continued need to have to have this job. The more desperate you are, the more you can be abused and strong armed to work crazy hours with the implied “or else” that’s aways preached. They are masters at telling you several things to enforce this. Key phrases such as “its a bad job market out there” , “better the devil you know”, “other banks operate just like this” and on and on. At times all of this is true, at times only some of it and at times none of it is true.

There are other job sectors to look into you know. Citi would have you believe that this is the only place you can ever work and this is the only place that would ever employ you. It’ll do you no good to ever look anywhere else for a job, this is as good as its ever going to get in your life. This is just not true so don’t buy into it.

Work hard, invest what you can, invest in yourself as well (skillset), be patient, network outside of Citi, take care of your heath and work toward the goal of having enough money to where you walk away anytime you want to.

I am not able to get it from the HR site. Eliza is also not helpful in this aspect or I am no good in using Eliza - who knows

Waiting for the 401k matching credit (or should I) and the bonus check. Foregoing the RSUs

Questions are

1. What is the notice period for SVP level employee?
2. This year we have 25 days vacation - can these days be used during the notice period - including other time off benefits like Work from Anywhere, paid Safe time and other - are they prorated
3. How does benefit work during the notice period -
4. Am I still an employee (and rules bound) or can I be employed elsewhere in parallel
5. Most importantly, how does compliance work in terms of trading - they can no longer terminate me ... This I wont HR will answer or Eliza can interpret
6. Since I am leaving voluntarily how does the NDA and IP impact me during notice period and AFTER that (most importantly)

Verizon has been selling our pension funds, we loose guaranteed protections. The union needs to negotiate to allow us to roll our pension balance into our 401ks.

I heard that this will drop at the 1/23 pay period. Did anyone else hear that too?

So Bonus is not included in the 401k

Quitting this dump this year. Can I take my 401k and pension and roll them into my next employers 401k plan?

If I rage quit same day how do I do this?

May seem like a d-mb question but I’m concerned they’ll pull some schiesty BS

Im 2 years away from the magic number 75=years of service + age min 50. Is it worth it to stay at VZ if you have a good opportunity offer with another company?

Will these benefits even be around in the future? Ill be 51 in two years theres no way i can stay here much longer. I heard the pension maxes out at 30 years service.

Edward Jones made a change at year end to investment choices in the 401k.

While Suzan and her s$@t HR function did the bare minimum to communicate these changes through the 401k provider (Empower), it was buried under annual disclosures and most of home office and the field were caught completely unaware that the company made new investment choices on their behalf (Really great precedent for a company managing CLIENT investments, right!?).

Not sure I am surprised at all given the character of this company and its leaders, but just a friendly reminder to be sure to check on your 401k.

Customer Service skills that have moved back to FT are FAST (top producing financial professionals), WT or Wealth Transfers (non-retirement transfers such as death, registration changes, etc.) and next week VIP SH services. The contract with FIS requires that FAST and VIP be serviced by US staff. When VIP moves over, there is no more contractural requirement to keep remaining US staff on board. There are highly tenured FT Legacy US staff remaining whose applications to return to FT keep getting rejected. Why? FIS will retain the Retirements and Shareholder skills until the end of tax season. Tenured staff with those skills are needed to maintain service levels. Why else would staff with years of experience be repeatedly rejected from returning to the same roles at FT? This is the anxiety being felt among those staff members. FIS will no longer be servicing FT after May 2026. The remaining staff is highly demoralized. Teams have been consolidated into unmanageable groups. It seems likely that the final layoffs will be announced in March. It's a terrible way to treat people who were not responsible for any of the choices that led them here. One last important point, those rehired at FT are doing so with a pay cut. That's right. you can perform the skilled role at FT that you are performing now for less money. The benefits are better and the 401k match is higher (85%) but the salaries offered are lower. Make that make sense.

What the title says - I've managed to find a new job and will be leaving next month. Will I still receive my 2025 401k match?

I am a new employee and was wondering when the 401(k) match would hit our 401(k) accounts? I know it’s only $3000 but every little bit helps. Thank you in advance for the information.