Im still confused with vesting concept. If I leave the company, will I be able to roll over my entire 401k and PwC Wealth Builder to IRA?? or just 401k? I’m with the firm for 1.5yr now. Do I have to complete 2yr of employment in order to claim for 401k and wealth builder? It’s stated that the projected full vesting date is March 31,2023...

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PwC US has two firm-funded retirement programs for staff: the 401k match and the retirement wealth builder (a percentage of your gross pay that increases with rank). They vest at a certain percentage per year with full vesting after five years. You should be able to find the exact percentages over on PwC Benefits Express or over in the PwC bowl, I don’t recall the exact amounts offhand.

If you leave before you’re fully vested, you get to take all of the 401k money you saved plus the vested portion of the firm match, and the vested portion of the wealth builder, and move it to an IRS-qualified retirement account, such as an IRA, or leave it where it is. You lose any unvested firm contributions upon departure from the firm, even if you don’t move the accounts.

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If you leave before 2 years, you can take only your portion of contribution to 401k. After 2 years, 40% vests and accordingly after two years you can take out 40% of employer contribution to 401k and wealth builder.

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Vesting schedules like this are used by many companies to drive employee retention. If leaving before vested (in part or in whole), then the loss of money is something to consider in your decision making for other offers, and perhaps in salary negotiations, though it generally isn’t a potential employer’s problem.

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Assuming wealth builder is a pension? Any vested amounts should be able to roll into an Ira if you want. Anything you contribute should be vested. Anything the firm contributes bests according to the plan. Your should be able to roll any vested amount. Assume someone from PWC can correct anything that is incorrect about wealth builder. You may just be able to leave it where it is also

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