No. of Recommendations: 6
My Company currenlty has a 401(k) plan. It is just a straight plan with no matching. My boss recently asked my if there is anything I would like to see changed in it. Of course, I told him I would like some form of employer matching benefit. I noticed a bit of reluctance on his part. I think I convinced him of the long term benefits for himself as well as the employees. One problem the company has had is a high turnaover rate. We are a small company (10-12 people) and it really hurts when people leave after only 2-3 years. I explained how vesting after 5 years will probably keep people around longer.

What else should I tell him? What vesting schedule is best?
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