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I've never encountered a vesting schedule for employer contributions myself, but I've always been aware of their existence. I think one company I joined had 12-
by arcticbull 4y ago
I've never encountered a vesting schedule for employer contributions myself, but I've always been aware of their existence. I think one company I joined had 12-18 month vesting schedule that they'd just recently gotten rid of.
I wonder if it's more common outside of tech?
- tfehring 4y agoDefinitely more common outside of tech. It looks like 72% of 401(k) plans have a vesting period, with the most common durations being 3 or 5 years. https://www.cnbc.com/2021/06/17/most-workers-wait-years-for-company-401k-matches-to-vest.html https://www.cnbc.com/2021/06/17/most-workers-wait-years-for-...