Since you never took a distribution to roll it over to an IRA I am betting he was never fully vested in the first place. If I have $1,000 in my 401k and $100 of it is match but I have only been there for 3 years and vesting is 5 years, I won’t see the 40% of the $100 disappear from my account until I roll it out or get forced out.
Why have you ignored this 401k Money in the first place? that is the most important question. People need to wake up and pay attention to their investments........
Why have you ignored this 401k Money in the first place? that is the most important question.
You are correct, we should have done something sooner. I'm not sweating it too much as the company match wasn't a huge amount, but I didn't know that you could be vested and then unvested if that is in fact true. Have to find out more Monday. Just a heads up too for other people that may have an old account.