Guest arymer562@yahoo.com Posted October 12, 2007 Posted October 12, 2007 Please bear with me as the ESOP is new ground for me and I am leaving a company 70 percent vested in one. From what I have seen is it correct that I will not expect to see any pay out of this account for quite a few years..? Is that up to the discression of the company that I am leaving ? What is the maxium time frame that they can wait under law until payments start..? Your information is much appreciated -
masteff Posted October 12, 2007 Posted October 12, 2007 Some aspects can vary from plan to plan so it's dangerous to try to apply generalizations to an individual situation. The best place to start is with the person at your company who handles employee benefits and the ESOP. Your benefits administrator will be able to explain what options will be available to you after leaving the company. Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
QDROphile Posted October 14, 2007 Posted October 14, 2007 Ask for another copy of the summary plan description and ask if it is up-to-date.
Recommended Posts
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 accountSign in
Already have an account? Sign in here.
Sign In Now