VESTING: EXAMPLE 1
01.Core Concepts
Anderson has attained three years of service with Stone Corporation. Over those three years, Anderson has received employer contributions to a qualified profit-sharing plan in the amount of $60,000. If the plan follows a 2-to-6-year graduated vesting schedule, Anderson has a vested account balance of $24,000 (40% of $60,000). All Employer Contributions Years of Service 2-to-6-Year Graduated 0 1 20% 2 40% 3 60% 4 80% 5 100% 6