401K matching amount after lay off

[VernonD]

What is the name of your state? Colorado
I was laid off from a company just over 5 years ago and since then the company has essentially ceased to operate except as a financial institution that among other things manages the 401K plan. For the last 5 year the 401K plan statements continue to show both the vested and total balance (a portion of the total was a matching amount). As I recall the fully vested period would have been 5 years. Do I have any right or way to collect the non-vested balance of the matching amount by rolling over the account?
Thanks for the help.

 

[ShyCat]

No. The percentage you were vested was frozen when employment terminated. For example, if you were only 20% vested at termination, five years later you are still only 20% vested. Upon distribution or rollover the account to an IRA, the non-vested portion will be removed, and only your contributions, earnings and vested portion of the company match will be distributed to you or rolled over to the new IRA.