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You can begin contributing to your own 401k immediately upon starting. They begin matching immediately as well, but you lose that match when you leave if you ar
by delecti 11y ago
You can begin contributing to your own 401k immediately upon starting. They begin matching immediately as well, but you lose that match when you leave if you aren't vested.
Source: am an Amazon employee
- TwiztidK 11y agoDoes the match partially vest over those 3 years, or is all or nothing?
- delecti 11y agoAll or nothing.
- moron4hire 11y agoThese sorts of vesting rules are extremely common for 401(k)s. It's why I don't include such things in trying to figure a "total compensation package" when considering a new job. It's either money in your hand or it's not. A lot can happen in 3 years.
- madcaptenor 11y agoThe company I work at also has 401(k) contributions vesting at 3 years. In my mental accounting I basically see this as a retention bonus - if I stick around for three years they'll pay me a bonus of roughly 15% of a year's salary. As far as I know there's no tendency to fire just before vesting. But it wouldn't surprise me if you see less employees quitting between 30 and 36 months after hire, and more quitting between 36 and 42, than you would otherwise.