Friday, August 12, 2011

I recently left my job at Sykes Enterprises, what happens to the 401k I signed up for?

Your 401k plan is still there and safe. Depending on how much money was in the plan you may receive a forced distribution (if the amount was less that 5k) If it is more than that then you will have the option to leave it where it is, roll it over to a qualified plan, or take a cash distribution.

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