One important note: An employee always fully owns their own contributions. watch nowMore than 44% of 401(k) plans offer immediate full vesting of a company match, according to the PSCA survey. Cliff vesting grants ownership in full after a specific point. For example, a saver whose 401(k) uses a three-year cliff vesting fully owns the company match after three years of service. For example, someone who gets 40% of a $5,000 match can walk away with $2,000 plus 40% of any investment earnings on the match.

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Persons: Iparraguirre, Cliff vesting Organizations: Federal