Jump to content

Participant terminated in plan year of termination. Fully vest?


Lori H

Recommended Posts

Plan year runs 2/1 - 1/31. Participant terminated in August with a year of service. Resolution to terminate was executed in January. Would participant fully vest despite terminating 4 or so months prior to formal termination? If not, a portion of her forfeitures will be reallocated to her.

Link to comment
Share on other sites

Thanks and no she was not paid her vested balance before the plan terminated, but she did embezzle $37K from her former employer before she was terminated.

The embezzlement while unfortunate is irrelvant. Since this person wasn't paid before the plan was terminated I would say they are 100% vested.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...