B
birch71
Guest
What is the name of your state? IL
I separated from service back in March. I have since been unable to find a job and am in need to access my 401k.
According to my plan adminstrator, even though I am fully vested (8 years of service), they say I cannot access the firm's contribution of the account until the second January after my separation of service unless I am over age 55.
I worked in the financial services industry and have never seen a plan provision like this. It would be sad to have to claim bankruptsy with a large 401k balance that can help me along for a bit.
I have exhausted the loan provisions of my contribution side of the plan already.
Thanks for your help in advance.
I separated from service back in March. I have since been unable to find a job and am in need to access my 401k.
According to my plan adminstrator, even though I am fully vested (8 years of service), they say I cannot access the firm's contribution of the account until the second January after my separation of service unless I am over age 55.
I worked in the financial services industry and have never seen a plan provision like this. It would be sad to have to claim bankruptsy with a large 401k balance that can help me along for a bit.
I have exhausted the loan provisions of my contribution side of the plan already.
Thanks for your help in advance.