401k and 403b Plans

Her attorney can ask for a portion of your 401k to be transferred to her through a Domestic Relations Order (DRO). This will have to approved by the court and contain specific information; then it becomes a Qualified Domestic Relations Order (QDRO) and your 401k has to follow the directions in that order and transfer the amount indicated out of your account and create her own account. Typically it is 50% of your account balance during the time of your marriage plus any earnings until the date of distribution (transfer to her).

I dont think so, but you can verify the information by calling your State Insurance commissioner, normally a toll free number.

ask them

Your employer normally give you this type of document on your way out of the door. You can either keep the papers or if you would like to make a withdraw from your 401K, just fill out the paper and send it to the address(usually stated on the paper).

The laws regarding the impact of 401K disbursements can vary by states. As with most states, it can impact your unemployment benefits in Indiana, depending on the specifics of your 401K. Depending on whether or not you were fully vested, reporting a 401K disbursement can delay your unemployment benefits. If you are not fully vested, then your 401K withdraw is exactly the same as withdrawing money from a bank account, cashing in a bond, or any other financial instrument. In other words, you are withdrawing and paying taxes on money already earned from that employer. However, if you're fully vested you would be taking money that your employer matched, in addition to money you already earned. In this case, the amount of your 401K disbursement would be divided by the amount of weekly unemployment benefits. The number of weeks you come up with when you divide your disbursement by the amount of weekly benefit, will delay your unemployment benefits until that number of weeks have passed. I am not attorney, but I did stay in a Holiday Inn Express last night. :P Actually, I asked a friend of mine who is a 3rd year law school student and he said this is how he understands it. (I.E. - if the money is all yours it shouldn't impact unemployment benefits, but if you're fully vested and taking your money plus additional employer matching funds it will delay it.)

Yes, they are separate and unconnected programs.

There are many features of a Roth IRA. The most significant feature is that you fund a Roth IRA with money on which you pay normal income tax. When you withdraw the funds at retirement you do not pay income tax on the principal or any increase in value (e.g. interest or dividends).

Yes. If you're unemployed and otherwise eligible for unemployment payments, a rollover of 401k assets does not change that.

sorry but no it is almost impossible

The government wants to intervene again for AIG's bailout... if they do so, it will be the 4th time the government has bailed out AIG. I hope their stock goes back up... as of 3/5 the stock is only 35 cents!!!!! That's sad!

What do you mean? If you mean you have a lot of old coins that are not in common circulation, you should have them appraised by a dealer who can tell you what they are worth. However, you will be charged a fee, often a percentage of the coins' value, for this service. To get the best price for your coins, take them to a coin show and get a couple different appraisals from the different dealers there. They are in competition, so they will offer more to get your coins than at a coin shop. Check out this web site for show listings : www.coinshows.com

If your profit sharing plan allows for employee contributions, then those are capped at $16,500 for EE money. The total amount of contributions (ER and EE) is capped at $49,000 indexed for inflation.

Retention bonuses are not 401K Elegible.

Generally yes. Dependent on Income level. Must pay defered taxes on the SEP IRA as it transfers.

You can call Kellogg's my HR Connection toll-free at 1-877-694-7554. Or, you can send an email message to Kellogg's People HR Connection at myHR.Connection@kellogg.com. I'm trying to find out about my vested pension from the early 1980s, good luck.

Money taken from your 401 into your personal account is considered income/asset. That's why its never a good idea to remove money from your 401 when youre about to file BK.

For 401K's and other retirement investments it's a matter of doing a rollover to an IRA account. But actual pensions are much different vehicles with Federal Regulations they are based on time that one serves with a company..............

A company human resources officer should if not already provide you with data about time per investment laws as to what in pension earnings you have earned to date. In this their most be disclosure information about retirement and investment regulations that apply both federally or state depending on the conditions of leaving a job if not a 1-800 or other business contact number via the financial services party managing the pension fund to make inquiry.

Pensions are very rare trait for retirement benefits today and highly valued as the weight more protection and guarantees towards the worker in comparison toward other retirement benefit plans. Unfortunately, the're more costly for a company and most cases dumped in a chapter 11 or 13 filing per request and permission by a judge. The most important vehicles to maintain a pension is inquiry depends upon two options obtaining proper register of right and document of time serviced the amount of pension - leaving it with the company to secure via the funding mangers but that may change if reorganization or sales of the company occur or if permissible and the allowable amount of time for enabling re-application in other financial services takeover where you must make provisions to have secured the amounts for another authorized investment management firm that you pay administrative fees.

This option are restricted again pending any additional states laws, the origin or charter of the pension restrictions pending the time it was written and what laws securing it grandfather clause that may prohibit securing but the responsibility of retention - in some states or some federal mandates protects a workers retirement investment why I state some states as some where co-chartered pending if you live in a right to work state or a state the supports unions.

If in a union with your company it's very favorable to inquire with unions as some may have the weight and authority to co-secure your pension for you as long as you maintain union fees on a continuous bases. Pensions do vary region to region - it would be wise to inquire not only with the companies human resources but also a professional retirement investment advisory - as also special considerations must be taken pending the nature how you are leaving your job- voluntary or involuntary and special guidelines in case of company closure especially if relocation to outsourcing abroad - may alter your options.

To record payroll for month end:

D R Payroll Expenses

CR Cash

CR 401 Payable

To pay 401k plan

DR 410k Payable

CR cash

I took money out of my 401K and lost my benefits for a five months. So did any of my group who were laid off who took any money out. We are all from ohio. I am not sure how the person who answered yes could have gotten around this. We were all senior employees and it was old money. Didn't matter. If you took any of it, it off set our unemployment.

The penalty is 10%. All in all you will pay your tax bracket + 10%.

Actually that is incorrect. The question was about a 401k loan. There are no taxes on 401k loans unless you default on the loan. If the loan defaults then yes you would owe 10% penalty plus Federal and State taxes at tax time.

To the extent that your 401k distribution includes Employer contributions, a percentage of the distribution would be used to offset your unemployment benefit. If there are no Employer contributions there would be no effect on your benefits.

They normally don't.

Maybe I'm not reading this right, but YES. How else is the employee supposed to know when to show up to work.

If this was a pre-existing "I can't work Sunday's" from the get go, then I would see what's up.

I'd suggest checking out http://www.employee-scheduling.com for Fendza employee scheduling software. Whenever you make a change to the schedule, it will notify the employees by email.

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