For contributions like profit sharing, is there a vesting period, or is that money yours once it hits? I know for employee matching there is a vesting schedule, but unsure about profit sharing.
11 replies (most recent on top)
@dq I disagree.
Online documents I’ve found simply give percentages and number of years.
No indication of when or how they count the years.
I’ve deduced a ‘year’ is credited after you’ve worked FT for 1000 hours which happens roughly end of June, early July.
Basics are online. Details aren’t.
@dq Yes! As crystal clear as RTO compliance guidance and FAQs.
@dn If you cannot understand the documents online, maybe you shouldn’t be working at Fidelity. The information is crystal clear if you just read it.
@bc no they’re not clear at all
LOL that associates come here when the answers to all these questions are on NetBenefits.
If resign Jan1, do you still get the profit sharing contribution that hits end of Jan?
@a5 idk I think year
@a2 is it the year or the actual hire date?
Match and profit sharing follow the same vesting schedule.
Profit sharing and 401(k) match both best over a five year period.
Get the net benefits app and you can see how much of that money is vested.
I’ve tried finding faq on even the matching and I can’t find anything.