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Being the Fool that I am, it is time for me to start my contributions. I have just become eligible to start with my current (and first) employer after far too many years of school. The problem is that I am not happy with the benefits package that is now offered by my company. The program changed after my hire date but before I was made eligible.

My question now is whether it is worth participating in the 401(k) plan given the following facts:

I am 25 and carry a goodly amount of student loans and credit card debt. The 401(k) program allows a 100% match on the first 3% of contribution and a 50% match on the next 2%. However, the matching contribution does not vest for three years and I have no intention of staying with this sinking ship for that long. Also, the matching contribution can only be invested in the organization's own stock.

The personal contribution can be invested in a variety of funds, including an equity index fund.

I think that is the pertinent info, any help would be appreciated.

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