Marsh

Private employer plan.

Hello - Yes. I worked full time (40 hour weeks) for the entire 12 year period. My final statement from the old plan provider showed me as 100% vested in the plan. However, the new provider shows me as 0% vested. I am hoping this is an administrative error, as Lou mentioned above. If I was 100% vested when I departed, then my vesting percentage can't be retroactively changed after I left? Even if the plan provider changes.

Thank you for the response, this is very helpful information. I have received the distribution paperwork from the new provider, and I will contact my old employer regarding the vesting discrepancy. Hopefully this a simple fix. Thank you.

Hello: I worked for a company for 12 years and was a participant in the profit sharing plan (100% employer funded). The vesting period was 1 year for 100%. I left the employer a few months ago. I recently received notice that I received a profit sharing plan payment for my work in 2018. The plan provider has changed since I left, and my new provider shows that I am 0% vested. I believe I am entitled to receive the distribution because I was 100% vested at the time of my departure. I would like to roll this money over into my new retirement account. Can anyone provide some helpful information on this? Thanks!