#401k

Did anyone receive this today? I didn't see anything reflected in my account yet.

I'm staring at a 401k that took a hit, no retirement in sight, and a skillset that feels outdated. The company I gave 18 years to is shedding people my age like dead weight. I'm terrified. I can't afford to start over at entry-level, but I can't compete with graduates who'll work for half my salary.

how long does it take to cash out your 401k if you quit this place? I need it. Like let’s say you quit during pay cycle, you wait it out and get your last check the next pay period then what? Maybe take 1-3 weeks?

has anyone seen any info on whether our company will support pre-tax contributions to the new Trump Account, like up to $2,500 pre-tax, similar to a 401k? I haven’t seen any official communication from HR yet, so just wondering if anyone’s heard anything.

I was an R&D Engineer I with Medtronic for a year, with 7 months of prior co-op experience on the same team. In May of 2026, the project I was on was significantly gashed, resulting in functional leaders having less project work to give out than engineering resources available. Sadly, I was quite an easy target for the project to drop and my manager to no longer need. I'm posting the severance package here because I relied heavily on this site as rumors were swirling before the layoff.

My severance package:

• 2 months of "garden leave" where I still received full pay and was "technically" still an employee
• 4 weeks of true severance pay, given in a lump sum payment once I signed the separation agreement (no non-compete was given)
• Unprotected PTO payout (keep in mind that the protected PTO does NOT get paid out, so if you think you'll be laid off, be sure to use all of your protected PTO)
• MIP was still given (yearly bonus and additional 401k contributions)
• Unvested company contributions to my 401k will be rescinded, so after the MIP payout they will be taking $7k back from my 401k.
• They offered job placement help both within Medtronic and externally

All said and done, I couldn't have asked for a much better package (except the unvested 401k contributions being taken back). However, it still su-ks to get laid off.

Be prepared for a meeting to be put on your calendar after working hours. It will be your manager and an HR rep. The HR rep will be thoroughly unhelpful in answering questions.

For those under 55 and leaving the company/severed, what do you do with your retirement money? Do you take the current commited value and convert to LIRA OR do you leave it there and take it as annuity in the future? Trying to understand your thought process and pros/cons.

Fair value for aero based on P/E could be as low as 180’s. How does your 401k like them numbers?

Nobody likes being laid off, but MSI has made the entire process far more stressful than it needed to be. Throughout this process, they’ve provided a lot of misinformation—or just plain incorrect information—to both me and several of my former coworkers.

I originally emailed HR because my 401(k) still wasn’t reflecting my termination. I even acknowledged the expected processing timeline and pointed out that more than enough time had passed. Only then did they escalate the issue, and it turns out Voya hadn’t even been notified that we were terminated.

Then there was the COBRA coverage. We were told Aptia365 would have our subsidized rates available, so I waited. After hearing nothing, I finally called them myself and was told I had to enroll first before anything would appear. That was never communicated.

The fact that so many of us have had to chase down answers and fix issues ourselves is frustrating and disappointing. If a company is going to lay off a large number of employees, it should also be prepared to handle the administrative process accurately and communicate it clearly.

If you’re reading this MSI, go fly a kite. This whole experience is ridiculous and shameful. Maybe don't lay off so many people if you can't keep up with the paperwork required.

For retirees or those who are past the age of 55, what was your net pay raises in last 10 years, what do you estimate as the net value of the retiree health insurance?

Who's winning, who's losing?

Has anyone that applied for the VSP received a call from Fidelity to talk about their 401K

https://www.cnbc.com/amp/2026/07/09/goldman-sachs-asset-management-deals-verizon-lockheed-martin.html

Curious if anyone has received their 401k settlement deposit. If so, are you still an active employee, or are you a past employee with a still-active Empower 401k.

I had a long and mostly good career at Intel. I remember the early days, when it was demanding, but in exchange, there was a meaningful employer/employee relationship. Towards the end, and sadly like so much of tech, it is now just transactional, you are here for the moment, then not. In the last chapter of my career at Intel products side (DCG), I felt our mission and goals were always shifting with the rotation of VPs, job clarity and purpose were low, and you spent as much time navigating politics, turf and survival as you did actually focused on delivering anything to our customers. Still, I always saved, maxed out 401k, additional savings along the way.

When our team was hit a year ago, I took the money and ran. We only have one shot at our lives, so for the next chapter, I focused on finding a job and organization that had more meaning to me, and not about the pay or title. I landed a role that pays about 1/3 of what I made at Intel (was double digit grade level), but I have very clear job clarity, ownership, accountability, I have direct line of site where my contributions add value, there isn't a re-org every quarter, the management is stable. This is a much better space than the nonsense of working on ever shifting goals, and one day you are told what you do matters, and the next day the team is CPM'd.

The key, if you are there navigating Lip-Bu's 'you are born to suffer and work hard' mindset, is save, save, save, and as you have more and more socked away, your options beyond Intel, and beyond tech, grow, grow and grow.

I am grateful for the wealth accumulation Intel provided my family and I over the years, and I do wish the remaining Intel colleagues the best of luck, I hope Intel and those that are there succeed (still have stock), but have to say the employment experience - from the perspective of meaning and purpose - decreased significantly from the Intel I joined in times past.

"The mandates include about $30 billion in pension assets for Verizon and Lockheed Martin and $40 billion in Verizon defined-contribution retirement assets, which are typically 401(k)s, according to Goldman."

Anyone else not have their money go into their account after this last paycheck on Thursday?

I had $98,000. Company spun off. Now I have 48,000.

It shows I have nothing in Honeywell technologies. I only have money in Honeywell aerospace.

This is what did. You get one share of Honeywell aerospace for every two shares of Honeywell technology. Which gets this new total. However, I’m supposed to have the rest of the money in Honeywell technology. They don’t have a right to steal $50,000. This is a rough estimate.

Any updates on the technical bonus for Engineers and Geos that was sent out last month? Interested in what percentages people are getting and how its being rolled out. Will there be a match to 401k?

Hi,
I left Juniper last year before the transaction was closed and moved to different city. I provided HR with my new address but never received any information post mail or email regarding 401k liquidification. I logged into my fidelity account to find $0 balance. Fidelity wasn’t able to provide any information regarding this and gave me phone number to contact which bins to inspira financial. It’s been 2 weeks I have been contacting them but they also don’t have any of my account information.
Can someone help with who I can reach out in HPE to find out the status of my 401k. Thanks!

Why does no one in our benefits know anything about our benefits since they closed the Operation Centers? Any time I call with a question they don't know. I want to retire at 55 and they can't tell me if I do if I can start withdrawals from 401 with no penalty. One person told me yes i can. Another said no, and that person should not have told me that and its up to the IRS. Wtf? Never seen such incompetence. They're only job is to know our benefits inside and out. What a joke.

Why am I getting calls to my personal phone number?

Heard from reliable sources, management discussing to end 401K match in July this year.
Otherwise will be done starting 2027

This is my first year, is this a lot lower than prior years? Even when MIP will pay out at 103% as mentioned in town hall?

From the benefits guide for new employees:
“Over the last decade, our company match averaged 4.5% for employees who contribute at least 6%”
This year would be way below that, like 3.37%

You know if you don’t like the way things are going, you can vote for/against trustees. We are all investors through the 401k and the proxy stuff just was emailed out.

Coworker passed along a message from HR received when asking about the 401K drop. Was told managers received these speaking points in advance to help explain this - any of you managers receive the below?

FAQ:

Why are we making this change?
The health care industry continues to experience uncertainty, especially in the policy environment. Because of this and our financial performance headwinds, we are being even more thoughtful about our resources. This change will align our three 401(k) plan options so that each plan has a consistent employer match of 3.5%. We remain in the competitive range with our peers while continuing to provide a comprehensive portfolio of benefits and well-being programs for our employees.

Who is impacted by this change?
The change to the employer match applies to both our plans. Employees eligible for these plans will be impacted by this change if they are eligible for the employer match and contribute to the plan.

Did anyone else receive an email about a class action lawsuit regarding medical solutions and the 401k?

With headlines buzzing about SpaceX and other high-profile private companies, it is tempting to rethink how we invest for retirement. But should that excitement push you to self-manage your 401(k)?

For most investors, 401(k) plans are built around long-term stability, not chasing hype. Broad index funds remain a reliable foundation because they spread risk and track overall market growth. While standout companies can capture attention, they are often inaccessible or highly speculative, especially in retirement accounts.

Self-managing your 401(k) can offer more control, but it also demands discipline, research, and a clear strategy. The real question is not whether a company like SpaceX is exciting—it is whether shifting away from diversified investing improves your long-term outcomes.

Before making changes, consider whether your motivation is strategy or simply reacting to market buzz.

A couple of places says the 401k lawsuit will be this Friday, June 12. A couple of places say no set date has been established.

Anyone know anything more official-like?

Question for the people who were laid off in May, did you get your match true-up contribution last Friday ?

2025 Executive pay received only 60% support at the Citigroup stockholder meeting a few weeks ago. Current and former employees who own shares in the Citi stock fund in the 401k plan along with other shareholders made a loud statement that Citi executive pay is excessive.

https://www.citigroup.com/rcs/citigpa/storage/public/citigroup-inc-8-k-05-21-2026.pdf

By 'final paycheck', I mean the check that comes a few weeks after your termination date and includes reimbursement for accrued unused vacation time (or, in the case of over 65s, all unused vacation days til the end of the year). Were any medical or 401k deductions taken out of the vacation pay?

You hit 40, they'll retire you.

CHK them Linkedin posts folks!

I have been gone from Boeing for less than 5 years. Not long in the grand design, but long enough to compare.

The corporate world su-ks. The type of people who make it to management in all companies su-k.

All things being the same, I'd rather work for a company that su-ks with great benefits than a company that su-ks with less than stellar benefits.

I'm going to be ripped for this, but yes, I'd go back to Boeing. Its sh---y but the 10% match in the 401k will get me out earlier and the cost of insurance is the lowest I have ever found.

I'm not going to be happy at work anywhere, so I might as well have my pockets full.

Did anyone else notice this? The session went on for about an hour. The recording is 40 minutes long.

Noticeably missing: some of Hamid's comments about corporate taxes and how to best handle the $40 billion windfall from spectrum sales, Hamid's comments about how the "rich guys" benefit from certain tax practices, and most notably, that kind of joke question about whether we'd see any part of that sale in our 401Ks (and Hamid's response that he'd have to see it in his 401K first).

Did anyone else notice this, or am I going crazy? Did they actively edit out the more tone-deaf and uncomfortable parts of that session?

Stop crying about being laid off. You have spent 20, 30, 25 years and feel betrayed. Enjoy the millions in the 401K and move on. Pathetic.

I spent 15 years at Oracle and was laid off a few years ago. I worked with many of the people who were recently let go. You are talented, highly intelligent, and among the company's top performers.

The reality is that tech companies eventually reach a point where they can no longer justify paying top dollar, top bonuses, and large RSU packages to the same employees year after year, regardless of performance. Many of you have earned substantial compensation and built successful careers.

Being laid off is never easy, but at some point it's important to move forward rather than seek sympathy. Take pride in what you've accomplished, leverage your experience, and focus on the next opportunities.

Just wondering: I remember an old coworker asking and I don't recall the answer. Do we get our 5 weeks vacation in the 2nd year of our 104 weeks termination pay? I cannot find the answer in our Leg T CWA contract. Also, I wonder if I can call in sick in the 103rd week of payout and then go on paid disability for 6 months. Would I need to file FMLA? Am I entitled to any more entitlements?

Check these out on your own. If you think it is worth staying because of a massive payout, think again.

---> Expect ~40% to disappear instantly via "sell-to-cover" on the day the RSUs vest.

----> Anticipate an additional tax bill of roughly $20 to $33 for every $1,000 of gross RSUs vested.

Choose your future wisely. Go look this crud up yourself.

Posting because people say "kick back and let everything just increase with RSUs and ESPP". RESEARCH THESE YOURSELF.

Bullet points...

Under Cisco’s standard severance agreements, Cisco typically accelerates the vesting of RSUs that would have vested through a specific forward date (often the next major vesting milestone or up to a few months out).

The True Tax Cost: 25% to 50%+ (Based on your total annual income)
When these accelerated RSUs vest on your termination date, they are treated exactly like a cash bonus (supplemental ordinary income). You are taxed on the Fair Market Value (FMV) of the stock on the day it vests.

Because the federal government mandates a flat 22% withholding for RSUs, you will likely owe extra tax at April filing time if your total annual income puts you in the 24%, 32%, 35%, or 37% federal tax brackets.

Employee Stock Purchase Plan (ESPP)

Option A: Disqualifying Disposition (Held 2 years from offer start AND > 1 year from purchase date)

If you have held the shares past both milestones:

Ordinary Income Tax Rate (12% to 37%): You pay ordinary income tax only on the lesser of: the actual profit, or the 15% discount based on the stock price at the start of the offering period.

Long-Term Capital Gains Rate (0%, 15%, or 20%): All remaining profit is taxed at the much lower long-term capital gains rate. For most tech professionals, this rate is 15%.

Has anyone heard any information about when the blackout window is to the 401K Plan right before the 6/29 Spinoff? I am moving to the Aerospace side and need to make some changes, but would like to make them as close to the spin as possible. Thanks

I was wondering if I'm one of the few XOM long career of 33 years stock holders who never traded or sold their stock mainly for NUA reasons. Invested only in XOM, S&P 500, and extended markets index. With the 170 dollar stock price I finally gave in and sold most of my XOM stock. I did the NUA and flipped 1.7 million into a Fidelity concentrated stock limited partnership for diversification purposes. Should give me close to the same returns as the S&P 500 without paying most of the taxes on XOM stock. I just paid taxes on the XOM stock with a very low cost basis, as low as 14 dollars a share.

Everyone check out their newest lawsuit.

Medical Solutions 401(k) Fund Swap Drives Proposed Class Action

Couldn’t get the link to post