What is the name of your state (only U.S. law)? Iowa
"This question is regarding employer 401K matching plan. My job offer letter had a list of all the benefits that I will be eligible, once I accepted the job offer. One of the listed benefit was employer contributing/ matching 6 % of base pay in the 401K plan. In the employment offer there was no mention about any vesting period.
When I resigned after working for 2.5 Years, I was told that vesting period for the employer maching part of the 401K plan is 3 years.
This 401K plan was maintained with Fidelity Investment. Recently I found out that my ex-employer has taken away their contribution from my 401K account.
My question is that, do I have any legal recourse to this action?
I will appreciate any comments/recommendation.
Thank you in advance.
Ni****
"This question is regarding employer 401K matching plan. My job offer letter had a list of all the benefits that I will be eligible, once I accepted the job offer. One of the listed benefit was employer contributing/ matching 6 % of base pay in the 401K plan. In the employment offer there was no mention about any vesting period.
When I resigned after working for 2.5 Years, I was told that vesting period for the employer maching part of the 401K plan is 3 years.
This 401K plan was maintained with Fidelity Investment. Recently I found out that my ex-employer has taken away their contribution from my 401K account.
My question is that, do I have any legal recourse to this action?
I will appreciate any comments/recommendation.
Thank you in advance.
Ni****