Ok this is a blessing. I wake up this morning and check my email and am floored by what I see. I worked for Walgreens for 8 years and was in their Profit Sharing program for 6 years. I left the company in November of 2011 and thought I closed my account getting all my money out. I get an email today from JP Morgan telling me my statement is ready, so I just check it to see why I'm still getting these emails and see I have a balance of $2200 in the account. Even though I leave the company, do I still own/entitled to the stocks/investments that was my with my money while with the company? If I take this money out now, and check it again in June of 2013 could there possibly be more money in there as well?
I assume it depends on your plan and no one in here can give you a definitive answer. You should check with the HR department at Walmart.
What most likely happened was you got partial year profit sharing for 2011 but it hit your account after you left. IE you earned Jan-Nov profit sharing and it was deposited sometime in December or January. It sat there and earned returns. It can probably just sit there and earn returns however if you try to pull it out, you will probably have to forfeit most of it due to vesting rules. Most profit sharing has a 5 year vesting schedule like this: Year 1: 20 % earned Year 2: 40% earned Year 3: 60% earned etc. So only 20% of might be yours. You might be better off just letting it sit there.
I doubt that would really be of any help. Walgreens might be his better option in this case SINCE THAT'S WHERE HE WORKED.
I think you underestimate the power and intelligence of Wal-Mart's HR department. http://www.beaumontenterprise.com/n...ut-off-baby-s-arms-hired-by-Texas-3768427.php
