Thread regarding Fidelity Investments layoffs

401k

When do new employees start to receive employer contributions? Is it as soon as the accumulate 1000 hours? Or in the year after they accumulate 1000 hours?

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| 761 views | | 3 replies (last September 11, 2024) | Reply
Post ID: @OP+1umNkL67

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Here’s an example, assuming you are full-time. You are hired January 1st 2024. You’ll likely hit 1,000 hours in 6 months, however you still need to complete 1 year of service. So, you’ll become eligible January 2025 and you may not see your first employer match contribution until February 2025.

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Post ID: @6kif+1umNkL67

Go here: https://fmrbenefits.com/resources/wealth-benefits-eligibility
Then look at the box for Company-Matching Contributions

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Post ID: @hzt+1umNkL67

Assuming you work there, why don't you contact HR or look it up on the HR section of the internal website for employees?

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Post ID: @nkl+1umNkL67

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