Legal Question in Employment Law in Florida

401K employer contributions

When one is laid off [lack of work} can the employer take back 401K contributions it gave into it's employee? We asked to roll-over into another type of IRA, expecting what money we had in the 401K $1900. Instead, the company returned to us, $16oo. the money we put in, but they kept the $300. they put into it. Can they do this?

Thank you


Asked on 4/19/07, 7:07 pm

1 Answer from Attorneys
Keith Stern Shavitz Law Group

Re: 401K employer contributions

If you were not vested in the contributions your employer made, then they would not be included in any rollover/distribution.

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Answered on 4/21/07, 12:11 pm


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