What Happens to My Pension Plan if I Get Fired?

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INVESTING

What Happens to My Profit Sharing Plan if I Get Fired?

By The BIDaWIZ Team on October 4th, 2011 at 4:00 pm

Many companies offer employees either a 401(K), profit-sharing plan or other type of defined contribution plan to tie employee interests to the success of the company. Benefit plans also happen to be the second largest asset that most employees accumulate during their lifetime; second to a home of course. Yet, employees often know very little about their rights and the terms of their plans. Especially, in the case of being laid off or fired. .

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