#401k

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

I know some people got laid off last month. I got laid off today. My official termination date is 6/3, so they gave me two weeks' notice. I will receive my severance pay twice a month, just like my paycheck, and three months of COBRA. I have been with FIS for over 32 years, so it's about time to retire. I knew the writing was on the wall after they transferred me to a new group last September and then shut down the project I was working on. It's too bad, as I enjoy working on that project. They said they will still contribute to my 401K in February next year. At least I got my severance pay, unlike the poor guys who got rebadged.

for a January hire, when exactly does the last 40% vest? is the June before, after the new year, or after you reach the actual mid-jan work anniversary?

Emplyoyees have lost:

1. Company paid medical benefits
2. Profit Sharing
3. The monthly possibility of promotions. Now done only annually
4. Company contributions to 401K with each pay check. Now done only annually
5. 2% or less raises
6. Your own desk. Now having to come in each day to seek a desk with hoteling.
7. No personal file space.
   Employees have gained:
8. More work due to layoffs and resignations of colleagues, and job uncertainty

So how does management expect to keep and attract employees under these circumstances?

I sort of forgot we only get a 3% match and then the cr-ppy additional match based on business results. Most other competitors do better than but we have a 'great comp package.' We struggle to get great talent in the door anymore because even our own TA teams are frustrated we keep getting turned down for not being competitive with our offers. ugh.

When you retire from AT&T now .............. do you get any benefits as a former employee .

Anyone else receive this notice today? I hope more class action settlements will follow for employee mistreatment and unlawful practices.

How are the 55yo and under thinking they should stay until the end? You have lost out on merit increases, 401K matching and a future, are you staying just for vacation? Just curious as to how Xerox are retaining this group.
I realize some of the younger ones are just trying to build experience for a resume, and some nepatism is helping a few families. But the others?

but I got surplused two years ago. Just came back to check in to see how things are going with everyone. Sounds about the same. It was rough going out there for awhile. The job market is so bad, I applied to over 1000 jobs and it took me 16 months to land a job and it was an indefinite contract job which I'm still in with hopefully FT soon. While the layoff/unemployment/job search process was a nightmare and really did a number on my mental health, some good did come out of it. We were able to pay off every ounce of our debt with the severance. We found an awesome financial advisor and rolled my pension and 401k over and he's made us a ton of money since then, much more than I would have made where it was sitting. It does su-k not knowing if/when this job could end but I'm making $40k more than I was at AT&T and doing much more interesting and meaningful work than I was. The company I'm at now is a billion dollar global manufacturing company and they have their sh-t together so much better than AT&T, it's like night and day seeing what it's like working somewhere that actually cares about their employees. Best of luck to all of you out there. It was hard to lose my job but ultimately I think it was a good thing for sure.

Many companies are stopping multiple benefits.

This isn't a post about rumors or Optum info, it's a post for folks that are hit by RIFs and are tight on funds. Being RIF'd is traumatic for many and in the storm one's focus could be clouded. If your money is tight and you contribute to the 401k you may want to consider immediately dropping your contribution to 0% or 1%, This will ensure your last paycheck is higher by slightly less than the amount you contribute (your tax burden will increase slightly), and even more importantly your severance check will not have whatever percentage deducted from it. Just a friendly tip for the folks get caught in the "axe the onshore web" to increase the take home.

https://www.napa-net.org/news/2026/5/schlichter-bogard-targets-ford-401k-plans-with-broad-breach-claims/

Hope everyone is ready. VP here from LEGACY (not Heritage) TSYS... benefits will be changing next year. Expect changes with time off packages, 401K match, hybrid work (full RTO), and substantial increase in Healthcare costs. You heard it here first.

This company is a total mess. Precisely why I am included in the next RIF in July.

do you think we should get fully vested in a layoff situation? I only have a few months left until my 5-year anniversary, and I see that only 60% of it is vested

I was told by alight that I canceled my retirement last year when I was piped out. I took the pil in july or august last year. I was NRE but knew I was doomed so I left on my own. I got 3 months pay and left asap. I was classified as a terminee because I wasn't 55. I had to wait 90 days to get my lump sum. I turned in the paper work and waited. I got no notification about my status from alight so I called. They said I had canceled my retirement and the lump sum option was not available any more. I filled an appeal and it took a few weeks to get it approved. I faxed and mailed my paperwork to alight. I called and alight rejected my forms because of ilegible dates by the notary. You have to have a notary sign and stamp the spousal consent. Ok round three and I send off the paperwork again. This time alight rejected it because the notary seal was distorted. Now the final attempt and I thought alight was just trying to tire me out so I would just choose the annuity. I meticulously signed the forms and made sure the notary did the same. I hand delivered the paperwork to the woodlands office of alight and turned them into some one at the front desk. The main problem is that it takes several weeks for alight to process the forms and their website is terrible. It says processing for the longest time and then at once says rejected. Once rejected you have to start the process all over waiting for them to mail new paper work. Another stupid thing was all my correspondence was going to my work email which I had no access to. Finally I got my approval and my check. I actually got a few more thousand dollars because my retirement was postponed by a few months. It was a real pain in th a ss kind of like exxon forms and approvals.

So the way script goes is,

It has been strategically decided that your position is being eliminated with broader interest towards shift in technology and geo political landscape.

the decision does not reflect your ability to fully function as an associate and the decision is strictly driven based on parameters beyond the control of global market shift.

You will be notified separately on how your shares, 401k will be vested.

We thank you for your contribution and all the best in your journey .

BNY’s green‑sock LinkedIn stunt wasn’t tone‑deaf — it was a victory lap. A soft‑focus “look at my humanity” performance from our illustrious CEO while employees report stealth layoffs, collapsing teams, and RTO engineered as a slow‑motion purge. It’s financial‑literacy cosplay from executives whose biggest budgeting challenge is deciding which trust to park their bonus in.

And the benefits list? Employees on this forum have already torn it apart with receipts.

Matching newborn savings
A $1,000 match is meaningless when people are afraid to have children because reorgs hit harder than parental leave. Posters repeatedly note that job security is so fragile that planning a family feels reckless.

Down‑payment assistance
Employees point out that RTO forces them into higher‑cost commutes while raises trail inflation for the fifth straight year. Many can’t qualify for mortgages because BNY’s pay bands — widely discussed on the forum — are below market and frozen in amber.

$0 healthcare for those under $75K
This isn’t generosity; it’s a confession. Thousands of full‑time employees at a global bank earn under $75K. Forum posts consistently highlight that this tier is where burnout is highest, turnover is intentional, and workloads balloon after “efficiency” cuts.

401(k) student loan match
A rounding error. Employees repeatedly describe doing the work of two or three people after headcount reductions. A token match doesn’t compensate for systemic understaffing.

So yes — associates are right to question the CEO’s sock‑based empathy tour. When leadership posts costume‑level symbolism while employees describe exhaustion, fear, and constant headcount erosion, the message is clear and unmistakable:

The socks are green.
The spin is polished.
The workforce is disposable.
#LifeatBNY

What happens to any supplemental pension or supplemental 401K savings if you are forced out at 52 and would have been NRE before (I know that is now removed). Would the company really just keep it and say tough luck?

All these posts about how fantastic it is that the stock is at 92. For those holding on, and not selling and diversifying into other investments, or aren't cashing out now; re-read this post when the market corrects. It will.

The best thing you can do is diversify your portfolio. Take CSCO profits now. Before it's too late. Take the proceeds, and simply invest them in simple index funds. Or; take profits now, and pay off debt. Mortgage. Car Loans. The future you, decades out, will thank you.

Yes, I had CSCO RSUs, CSCO Stock Options (the old Cisco Options from the late 1990s/early 2000s), and Cisco ESPP. Never, at any time, did CSCO ever exceed 25% of my total investment portfolio. Ever. I always took option and ESPP profits and rolled them into simple total market index funds. Max out Roth IRAs with the ESPP and RSU proceeds. You will thank yourself later.

Save your market gambling for using the Cisco Brokerage-Link function to day trade things like SPY and other index funds. Save the speculation for that aspect. Leverage Brokerage-Link functionality.

There is safety in being diverse. You are wasting a HUGE opportunity cost, by having an all-in-one basket, waiting to be all lost at the next correction, 2008-ish market meltdown, or CSCO stock demise. It is amazing yes it is at 92; but look at the curve of CSCO going back to 1990s.

Writing this as former CSCO, and living in a neighborhood with several CSCO friends, waiting for their payout, in their $750,000 homes, coupled to serious mortgages and BMW payments. Stop living life shackled to the speculation that this thing is going to keep running. Take your profits now and simplify your lives.

I was guilty of handing on too long to have options and ESPP accumulate, but then as things got very miserable with Cisco corporate ideology changes, I downsized my life financially. I felt shackled in staying because of a number on paper on what it could all be worth. I dumped the ESPP, the RSUs, and paid off all the debt. Then Cisco dumped me. All good, it was the best thing that ever happened to me. Now financially and more importantly mentally free from the whole game.

Writing this in hopes that somehow it inspires someone truly as miserable as I was at my last two years at Cisco to do the same. Now may be the time. Cash out. Get your life back.

By the way: AI play on it. Go put all your RSU shares, and ESPP shares, into ChatGPT. Go ask her how much you will get AFTER taxes. You will be astounded how much Uncle Sam is going to take. Another reason to take the money and run.

I’ve heard different rumors, but can they actually take your pension(cash balance) away from you if you’re let go because they deem you did not go to the office? I know they can’t touch your 401K.

I have more than 15 years of service but am in my 40s. Alight gives me the following info when I calculate my lump sum:

One-Time Lump Sum

No payment to your beneficiary.

If married, your spouse must consent.

To choose this option, you must take all of your pension benefit(s) as a lump sum. Does this mean I cannot get a lump sum when I resign?

“This option is only available to you upon termination and at your Normal Retirement Date, or immediately upon separation if later than Normal Retirement Date.”

Has anybody determined what is happening to our 401K match that we are entitled to up to our "transfer" date of 04/12/2026? This was not a voluntary resignation so I would assume we are still due our match. So do I have to leave my 401K with Fidelity until 1st qtr 2027?

For those of you that did 401K contributions, did one get done for the final April 10 paycheck? Those normally show up in my Fidelity account within a few days but I don't see one. I have not recieved a paper pay stub for April 10 yet so I can't see if normal deductions came out of it. Thanks.

How long do you need to be at the company to be vested, partially or totally for your 401(k)?

Executive compensation keeps increasing while workers keep getting laid off. Proposal 3 - vote against. Proposal 4 - vote against. Make your voice heard if you own stock in Citi through the 401k plan. Proxy statements and ballots were rec’d in mail yesterday. Check box to keep vote confidential.

Q: I am 24. I want to retire at 65. I plan to live to 85. How much do I need to save every year if I want to spend $100K every year after retirement?

A:

To retire at 65, live until 85, and spend about $100,000 per year in retirement, you would need to save roughly $6,700 per year starting at age 24. That is about $560 per month. This estimate assumes your investments earn about 7% annually before retirement and about 4% during retirement, with your retirement spending measured in today’s dollars.

The estimate was calculated in two steps. First, I found how much money would be needed at age 65 to fund $100,000 of annual spending for 20 years in retirement, treating retirement withdrawals like a 20-year annuity discounted at a 4% annual return. That gave a required retirement balance of about $1.36 million. Second, I calculated the fixed annual savings needed from age 24 to 65 to grow to that amount, assuming a 7% annual investment return during the saving period.

I was overpaid for one additional week on 4/6. I'm told they will not deduct this from a future check, and that I will eventually be sent a docusign document to repay the overpayment. They deducted an additional week of 401k deductions, too. I'm waiting to hear how they will address this since you can't just take money from this account without tax implications.

Is anyone else still having issues with payroll???