I left the bank this past year (2024). What date does the 401k match hit? I am trying to roll over to may new plan
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Replying to anonymous questioning if the match is still posted. I don't know the OP's situation, but I voluntary departed in September and my post employment paperwork that they mailed tells me I'm still eligible for the match. Unsure if that is the case for scenarios of termination or severance or if someone doesn't give a 2 week notice period so I can't speak for those scenarios.
Last week of the month. Historical dates: Jan 30 in 2024; Jan 26 in 2023 and Jan 28 in 2022 - with no correlation to a specific day of the week as these were Tues, Thurs and Friday, respectively.
OP - are you certain you still qualify for a match? I guess it depends on your severance and maybe even depends on when in 2024 you exited. Certainly hoping you get it.
The 401(k) plan is transitioning to Fidelity. I spoke with Fidelity and the accounts are "blacked out" until the week of January 13. I doubt if the match will be posted until after the blackout period.
On a related note, when do they post the contribution to the Cash Balance plan?
Don't know exactly dates but it's always towards latter part of January... Third week or so.