What happened to 401k match? It's February and the match is still not in.
11 replies (most recent on top)
In case your still wondering the match supposedly went in on 2/25 or even 2/24.
401k match? You mean that 3% bullsh-t?
Coming from GP where the 5% match su-ked as it was-
This company is ran by a bunch of ding dongs if they want longevity, commitment and dedication but gives you jack sh-t in benefits. Oh wait. They dont give flying fk about any of that they'll just HAI: Hire Another Indian (or 3).
Waiting until Q1 to get a match = fu--ing your employees. They can su-k a literal di-k.
No wonder the stock is absolute sh-t.
@g5 all those that have left recently have given very little notice. Why would you?
Between this 401k change and the elimination of accrued vacation payout a few years ago why should anyone work a 2 week notice if they are leaving on their own accord?
This company is sh!t! So glad I am no longer there and have moved on! India is taking over and nothing anyone can do to stop it. This place will be a company of the past before long. If I was still there bet your a-s my resume would be updated and I would be looking!! Good luck to those left in this burning he-l!
@b6 this was a Bob t special.
I have been told by HR that if you were RIFd and in good standing last year. They will match 401k up to the point when you were dismissed. Under that scenario you do not need to be employed on 12/31 because FIS initiated the separation. This includes those who were employed less than 3 years too. The match will be in March. Now had you initiated the separation, there will be no matching for that year. And, if under 3 years of employment no match for all the previous year.
@b6 when was the match distributed quarterly? I’ve worked here over 8 years and it was always per paycheck until this recent change.
This was changed early last year. It important to read all emails. Previously, they were contributing the match quarterly. They discovered that by creating the "must be employed on 12/31/2025" in order to be eligible then delaying the contribution until the end of the first quarter that there was a substantial accounting benefit to their bottom line. Part of this decision would have been influenced by their plans for lay offs meaning that the amount of employer contributions would be reduced further. While allowable under the IRS rules, if it were a piece of taffy, it's being stretched right up to the breaking point. In addition, it's a really sh---y way to treat their people. PS on the "read all email" fronts, this is where big changes are signaled. The severance policy was floated right before the lay offs began.
@ac that's sick hope they pay people employed as of Dec 31st 2025
The 401k guide says the match will be paid ‘no later than March 31’.