Thread regarding DXC Technology layoffs

How does 401k vesting work in US?

I have heard mixed answers. I have been with dxc/legacy company for several years. At what point in 2018 do I get the company match for the calendar year 2018? Assuming they screw you into it being January 2019?

by
| 1532 views | | 5 replies (last November 5, 2018) | Reply
Post ID: @OP+VU9DybF

5 replies (most recent on top)

I agree with the last poster. If you have a boneafide offer, leave and don't look back. Good Luck to All!!!

by
| | Reply
Post ID: @5sbm+VU9DybF

You MOVE and give up the Match.

You wont miss it with new wage, raises and benefits. You also have a job the following year which may not be the case if you stay. When I left the match was at most 3% (50% of the first 6%). Cost of living increase in US is 2.8% and if you got no raise, you are down to a .2%. If make $100K that is only a loss of $200. How is that even a consideration ?

by
| | Reply
Post ID: @2ahb+VU9DybF

@VU9DybF-1mwp

So what do I do if new opportunity is going to request I move earlier?

by
| | Reply
Post ID: @1mnm+VU9DybF

So it appears that if you survive the upcoming WFRs and are still "employed" on DXC on 31 December 2018 then you will receive the employers match sometime in late January.

Good luck all...

by
| | Reply
Post ID: @1mwp+VU9DybF

Basically you must be employed by DXC on 31 December 2018.

From the DXC TECHNOLOGY MATCHED ASSET PLAN SUMMARY PLAN DESCRIPTION AND PROSPECTUS

Your Compensation Deferral Contributions are deposited on a per-pay-period basis. Matching

Contributions are deposited annually in January for contributions made the prior plan year

(January to December). Participants are required to be employed by their respective Employer

on December 31 in order to receive the annual contribution in January. Participants who die or

retire after attaining age 55 will receive an employer matching contribution for the applicable

year generally within 30 days from the Participant’s date of death or retirement.

by
| | Reply
Post ID: @odm+VU9DybF

Post a reply

: