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Author: buzman Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75801  
Subject: Re: 401k Date: 8/1/2006 9:30 AM
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Unfortunately, the company does match, but it only vests
20% every two years.

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You need to recheck the vesting schedule.

To my knowledge employer contributions to a 401K deferral plan are either on a 5 year vesting schedule where 20% of contributions vest each year or a 3 year cliff vesting schedule where all employer contributions vest after 3 years.

There can be some limitations regarding when the employee is first eligible. Check with HR.

buzman
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