Originally Posted by
BuckeyeFO
Not the full explanation though. There is a schedule for vesting of the company match.
1 year of service: 0% vested
2 years of service: 20% vested
3 years of service: 40% vested
4 years of service: 60% vested
5 years of service: 80% vested
6 years of service: 100% vested
To get any money from the company, you'll need to stay at least 2 years. As most post-furlough hires will tell you, your goal should be to get Zero 401k match because you've left for a better job ASAP.
Good point. 401k matching is only for those that actually want to spend some quality time at NetJets. If you're just passing through...
Then again, many folks at NJA thought they were doing just that and stayed quite a while.