401k Vesting Rights Illinois

Summary

Employers in Illinois can change the vesting schedule for 401k plans, but these changes do not apply retroactively. If you were 100% vested, you retain rights to your benefits. For specific issues, consult an employment attorney experienced in employee benefits and pensions.

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401k employer match
Hello ****, could you please specify your concern about the 401k employer match? Are you an employee or an employer? Also, could you please share your location as 401k rules can vary by state?
Former employee. I was *% vested and now I’m not
Hello ****, In which state are you located? This information is necessary to provide accurate legal information as laws vary by location.
Illinois
Hello ****, here are some general rules about 401k vesting in Illinois:
- Employers can change the vesting schedule.
- If you're *% vested, you have rights to your benefits.
- Changes don't apply retroactively.
You may consult a local attorney for personalized advice.
What type of attorney would be needed?
You would likely need an employment attorney, specifically one who has experience with employee benefits and pensions. They can help interpret your 401k plan and address any vesting issues you're facing.
Thank you
You're welcome, ****! If you have any more questions or need further assistance, feel free to ask. Best of luck with your situation.