Any cash you contribute out of your paycheck is usually 100% yours. But business matching funds generally vest as time passes – usually either 25% or 33% a year, or all at as soon as following 3 or 4 years. As soon as you are totally vested, you are able to take the whole business match with you whenever you component methods together with your job. If you are not totally vested, you will get to help keep only a portion from the match or perhaps none at all. To discover your vesting schedule, verify together with your company's advantages administrator.
The upshot: It could generally take about 3 to 5 years prior to you personal all your business matching contributions. Leave your job prior to then, and you will shed a few of that delightful totally free cash – even when you are laid off.