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What is a 401(k) vesting schedule?

April 26, 2017schedule vesting

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What is a 401(k) vesting schedule?

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A vesting schedule is a provision that entitles departing 401(k) participants to a specific percentage of an employer’s matching funds. Many 401(k) plans have a 6 year vesting schedule that permits departing employees to take 100% of matching funds only after 6 years of work service time have been fulfilled.

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A vesting schedule is a provision that entitles departing 401(k) participants to a specific percentage of an employer’s matching funds. Many 401(k) plans have six-year vesting schedules that allows departing employees to take 100% of matching funds only after 6 years of work service time have been fulfilled. Does your employer owe you money from your vesting schedule? Find out by contacting a rollover specialist. Click Here.