Vesting Schedule

[Eluna]

Has anybody heard of a graded vesting schedule with increments every 6 months? I am taking a new job that offers a 401a Defined Contribution Plan and Social Security Replacement and a 457b. Into the 401a the employer makes a 3% contribution and also offers a 3.5% match into the 457b which both vest at 3 years. Unfortunately, it's highly likely that I will be with this job for less than 1 year so am trying to figure out if I contribute to the 457b will I end up with any of the match. I have reached out to HR and am waiting on them sending me the plan documents, but was just curious if anybody has ever heard of a portion of vesting happening at 6 months or if I'm just out of luck here.

[JBME]

I believe any employer can choose whatever vesting schedule they want. Graded vs gradual. 6 months vs 6 years.
That said, if you're planning the leave in short order, what sort of 457b is this? Is it a government job? If it's a non-profit and you plan to leave I'd consider not contributing to it. I'd do that b/c most non-profit 457b plans have very limited rollover options, and at the time you leave you will have to decide then and there what you're going to do, and it may not be the optimal choice

[StarTrekDoc]

Typically if chosen; over 3-6 years. Most are all/none and most often 5 years. Some grade it 20-25% per year. I like seeing the all/none to KIS

[bovie]

Leaving so soon?

Skip ‘em. Go taxable.

[Random1]

These are great employer plans. Because when you leave the match gets distributed to the owners.

[StarTrekDoc]

These are great employer plans. Because when you leave the match gets distributed to the owners.

Kaiser banks on it

[Eluna]

I believe any employer can choose whatever vesting schedule they want. Graded vs gradual. 6 months vs 6 years.
That said, if you're planning the leave in short order, what sort of 457b is this? Is it a government job? If it's a non-profit and you plan to leave I'd consider not contributing to it. I'd do that b/c most non-profit 457b plans have very limited rollover options, and at the time you leave you will have to decide then and there what you're going to do, and it may not be the optimal choice

It’s a large community hospital. I was leaning towards avoiding the 457b, and now looking into the roller over stuff probably not worth the hassle.

Thankfully the employers portion of would be social security payment that they put into the 401a is 100% vested immediately so will get to keep that.

[Eluna]

Leaving so soon?

Skip ‘em. Go taxable.

Yeah, wife will be finishing residency this coming July so on the move once again.