I have an interesting situation. I turned in my 2 week notice at the same time our company announced meetings to discuss changes to the 401K plan. I have almost 3 years with the company, and should be 20% vested in the company match. However, the company announced during the meetings that they are moving from a stepped vested schedule to a 3 year, 100% vested policy. I have posed the question to HR about my vesting schedule, as I think I should be entitled to the 20% vested amount. But I'm not getting an answer from them. Does anyone have insight into the laws governing changes to 401K plans?

Thanks in advance,

Laurie

Assuming the new policy is passed, it should have an effective date. If you resign before that date, you would fall under the old policy.

It sounds like they owe me that percentage then. They started informing employees of the changes the morning I turned in my notice (technically the first meeting occurred after I turned in notice), and employees were sent an email informing us that the funds are being tranferred on 6/1/2006, while my last day will be 5/26.

Could you tell me what steps to take if they deny owing me my vested percentage? HR is avoiding my question, and I want to understand my rights when this issue comes up during my exit interview.

I really do appreciate your advice on this problem.