Quote Originally Posted by MadtownPacker
Quote Originally Posted by shamrockfan
If you are 100% vested after four years. Things may be different now, but some that I knew about before had staged vesting, where after a few years you vested in 25% of the company contributions, a few years later it was 50%, etc. The company I was at it took 10 years to vest 100% in their contributions. I think some of that has changed since many companies no longer offer traditional pension plans anymore. Vesting periods in 401ks have become shorter.
Yeah its 100% after 4 years. After reading all this stuff Im thinking I might have a sweet deal cuz after 6 years they match $4 for every $1 of mine. After like 10 years it is $6 for every $1.
I guess I'm lucky. My company matches 100% of the first 3% you put in and 50% on the next 2% and it's fully vested - immediately. I then have plan setup with my financial company that pours the money into diversified accounts automatically. Very little work required on my end.