Does any know when will CITI match our 401K 2025 contributions?
7 replies (most recent on top)
@ac you will get some the following year too. You will matched for what you put in during January.
It's in the Retirement Plan Document https://www.citibenefits.com/Benefits-Handbook
To be eligible for a Company Matching Contribution, you must be eligible for the Plan as described under “Eligibility
and Enrollment” on page 10, with at least one full year of employment, as determined under Plan rules and
applicable Treasury regulations. You are eligible for Company Matching Contributions as of the first day of the
month following your completion of one full year of employment.
Company Matching Contributions will be made on Before-Tax Contributions and Roth After-Tax Contributions up
to 6% of eligible pay.
Your Company Matching Contributions will be based on the portion of annual eligible pay earned after you satisfy
the service requirement for the Company Matching Contribution.
• If you terminate employment voluntarily or involuntarily (including as a result of a reduction in workforce), you
will receive any Company Matching Contribution you have earned; you need not be employed on December 31
to receive a Company Matching Contribution.
• Contributions are posted annually and will generally be posted by the end of the first quarter of the following
year.
@ac I’m pretty sure you need to be employed as of December 31 of the year to get your 401(k) match.
You will always get your 401k match regardless of when and how you leave the firm. Its in the handbook and mandated per ERISA.
@ac according to handbook yes. it will also be in severance agreement. you can also confirm with HR
@a3 If I was laid off 1/16/25 and am considered an employee until 3/16/25 and was told all income, benefits, PTO, etc. will still accrue during this time. Doe that mean I will still get my match from 2025 - seems like the right thing to have happen but... anyone know?
Its usually the 2nd or 3rd week of March