Companies use different timelines, or vesting schedules, to determine how long it takes for savers to fully own the employer contributions.
For example, a saver whose 401 uses a three-year cliff vesting owns the company match after three years of service; they get 0% before then. Vesting schedules tend to be a function of company culture and the philosophy of executives overseeing the retirement plan, Lander said.For one, determining a worker's length of service isn't as straightforward as it might seem.
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