What happens to forfeitures if someone leaves?

What happens to forfeitures if someone leaves?

There are two components: The employer determines when contributions are actually made to the plan (vesting schedule). Once money goes into the plan, it's 100% vested. So the employer can set time requirements before contributions are made, but once contributed, the money belongs to the employee.

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    • What happens with plan-to-plan transfers?

      Transfers from the Radish Plan to a 401(k) or IRA are direct trustee-to-trustee transfers with no taxable event. There's no 1099 generated for plan-to-plan transfers.