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harleyldy31
Guest
i live in delaware. i was part of a permanent layoff back in august with my company. i have money invested in an account called 401(k) profit sharing and bonus plan. i have transfered all of my funds from my 401(k) into another account. i still have over $10,000.00 in the plan called "bonus plan". i have contacted my company of distibuting this money to me since it is privately held stock in the company. the answer i got from this is "we only evalute this stock once a year and it will not be distributed until october of 2002 and it was just evalutade in september". since i am no longer employed by this company, is it legal for them to hold this money for an entire year since i was laid off in august and it has been evaluated since then?