#GetYourMoney

Kevin P. Flemingkevin@km6g.us
2024-07-04

If, like me, you were a Red Hat employee until the Great Purge of April 2023, and you participated in the 401(k) plan for US employees, and you 'rolled over' the funds from that account to another retirement account after your employment was terminated... you should log in to Fidelity to check your account balance now.

Due to the complicated way that Red Hat computes the 'employer match' for employee contributions to the 401(k) plan, they make 'catch-up' match payments in June of the following year (yeah, it's really weird). Mine appeared a few weeks ago, with no notice of any kind. If I didn't have another account at Fidelity I wouldn't have even checked or known about it.

If you had planned to close that account to put it into your rear-view mirror and forget about it, you may be able to now, after rolling out the newly-deposited funds.

#RedHat #ExRedHat #MathIsHard #GetYourMoney

2024-06-25

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