After Layoffs, Employers Might Owe Unvested 401(k) Money

With mass layoffs commonplace during the COVID-19 pandemic, employers asked the Internal Revenue Service for advice on how to deal with the partial termination rule relating to employer contributions to their employees’ 401(k) workplace retirement accounts. It’s an obscure issue, but it’s a big deal for the employees that it affects: It could mean thousands […] The post After Layoffs, Employers Might Owe Unvested 401(k) Money appeared first on EMPLOYEE BENEFITS BLOG....