Vesting Schedule
I received my 2009 statements for my 401k and my profit sharing plan from work this week.
Unfortunately, my company match and my profit sharing investment has a long vesting schedule. In June, on my 2 year anniversary with my company, I will be 20% vested. Each year will add another 20% until, in 5 years, I'll be completely vested!
I definitely hope to stay with my company for that long. Besides, that'll be a nice chunk of change in my retirement accounts! As of 12/31/2009, my match was at $1,495.72 and my profit sharing was $9,998.40. :)
Does your company have a vesting schedule for your 401k match?
Posts
2 comments:
We have profit sharing, but our vesting schedule is the same… 100% after 5 years, and 20% after two years. I don't really want to stay at my job that long, but we'll see. It would be a shame to lose out on that money!
I have a pension at my job. The pension has a vesting schedule where it takes 6 years to be 100% vested. I've been there over 4 years, so I am at 60% right now.
Post a Comment