Archived 401K Question

Status
Not open for further replies.
Joined
Nov 4, 2015
Messages
6
I'm leaving the company it would seem next week. A few years back I took out a 401K loan. Now I've been paying it back every check, while ALSO putting money into the account.

So let's say I still owe $1000 on the loan, but I have $2000 of my half (not target's match) still saved in the account. What happens to the money I've put in when I leave? Am I able to take that out?

Also, does anyone happen to know the health card I put money into every check, will I be able to use the card after I leave the company until the money is gone? Since it was my money in the first place?

Any information would be great. Thanks guys!
 
Spot will expect the 401k loan payment of 1k when you leave. On health one, Ck with your hr. I think you can get your money back.
Cobra insurance paperwork will be sent to you when you leave spot. Spot insurance will stop at that time.
Ck on targetpayandbenefits.com for more info.
 
Status
Not open for further replies.
Back
Top