How long can an employer hold your 401k after termination?
How long can an employer hold your 401k after termination?
60 days However, you must have at least $5000 in your 401(k) if you want the company to continue managing your plan. For amounts below $5000, the employer can hold the funds for up to 60 days, after which the funds will be automatically rolled over to a new retirement account or cashed out.
