An Essential overview of the creation, purpose and use of plan forfeitures.
Forfeitures are plan assets, generally created by participants who have not earned the right to receive their entire account balance in the plan. Forfeitures are created by former employees’ non-vested account balances..
The use of employee forfeitures is strictly regulated. Use our Forfeitures Essentials Checklist to assess whether your company is allocating forfeitures in an appropriate and timely manner.
An Essential overview of the creation, purpose and use of forfeitures.