A Powerful Tool to Boost Employee Retirement Savings and get business tax benefits
Employer match is one of the most common 401(k) plan features. Simply put, employer match is where an employer matches their employee’s 401(k) contributions.
Protect Your Employer Match with a Vesting Schedule
Employer matches are often subject to vesting schedules. Vesting schedules show the time period that an employee has to work for a company before they have access to the employer match dollars. Generally, employer match contributions can grow in a 401(k) account but cannot be withdrawn or rolled over until they’re 100% vested.