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401K Match


401K Match  

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Author: I think I do.   Date: 1/13/2020 12:44:18 AM  +1/-1   Show Orig. Msg (this window) Or  In New Window

Say it takes five years to get fully vested. Each year, a larger portion of the company contribution is yours until the 5 years mark, then it's all yours. That the way it works at my company. I was three years vested at my last company. I left and came back. I had $20,000 vested balance but a total balance of 35K. After one year back (4 total), I got a lump sum contribution of about $7k. The next year, when I became fully vested, I got the rest. Basically, each year you get to keep another 20% of the company contribtion. 

 
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401K Match +0/-0 Losing HAA Job? 1/12/2020 11:38:31 PM