I have been at my current employer for three years as of March 2020. As per my 401k I am to be 100% vested at year three.
Today, 11/24/19 I received notice that the vesting schedule has changed to be vested after 6 years of service. This notice says this change applies to the 2019 year. This is the first time the vesting schedule change has been brought to my attention. It is particularly concerning as my company chose to send it to me via email, as the close of the 2019 year while I am actually on vacation.
Is this legal? I have read through the IRS website on 401k and see it is legal to change vesting schedule but there is a cut back amendment. However, I can't find any information regarding notice.
Any help would be greatly appreciated.