Spoke to transition team today-they don’t have an answer yet. As this is a mass layoff-you MAY be automatically vested upon termination-that could be $1000s. Awaiting an answer….
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UPDATE: 4% match takes 3 years to vest. If < 3 yrs as of term, you will not get 4% - per Vanguard….
Plan vesting occurs at 3years. No special disposition for RIF unless plan document specially states or plan administrator make a non-prejudicial exception. https://www.forbes.com/sites/ashleaebeling/2020/09/17/laid-off-your-employer-might-owe-you-unvested-401k-money/amp/
I believe the 401k (4%) takes 3 years to vest and the 6% (max) match is immediately vested.
I just called Vanguard as one of the ‘impacted employees’ to check into this and they confirmed that my employer contributions are 100% vested. I was with the company only 4 years. Not sure if that helps anyone in regards to that topic but I would strongly suggest just calling Vanguard because Farmers HR is an absolute train wreck right now trying to damage control this RIF and every time you try to call in they are ‘in a meeting please leave a message’.
I could be wrong, but I believe it's based on the plan termination, not the person being terminated/layed off, that the 100% vesting occurs , regardless of the vesting schedule.
Taking bets on them getting back to you.