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Posted: June 15th, 2022
Jones, age 40, earns $100,000 per year and wants to establish
Jones, age 40, earns $100,000 per year and wants to establish a defined contribution plan to encourage employees to stay with his firm. He employs four people whose combined salaries are $60,000 and who range in age from 23 to 30. The average period of employment is 3.5 years. Which vesting schedule is best suited for Jack’s plan?A. 3-year cliff vesting.B. 3-7 year graded vesting.C. 5-year cliff vesting.D. 2-6 year graded vesting.
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