Part 3/9:
One of the hidden costs of layoffs that often goes unnoticed involves retirement savings—specifically, 401(k) plans. Many employees believe they can simply roll their 401(k) funds into a new account after being laid off, but what they might not realize is the potential financial loss due to unvested company contributions. Brian learned this lesson the hard way when he found that he had accrued a significant amount in his 401(k) that he could not take with him because he wasn't fully vested. This realization hit particularly hard as he was just months away from achieving full vesting.