Washington 12/05/2016 @ 12:08PM 51,084 views. How Defense Secretary James 'Mad Dog' Mattis Will Remake The Pentagon. President-elect Donald J. Trumpâs disclosure that he will seek to name retired Marine Corps General James N. Mattis as the next Secretary of Defense portends big changes at the Pentagon.
For example, if the company agrees to match 65 percent of employee contributions, divide 65 by 100 to get 0.65. 4. Multiply the matching rate by the smaller of the total contributions made by the employee or the maximum contribution subject to matching to calculate the employer matching contribution. Finishing this example, multiply 0.65 by $4,200 to find the companyâs matching contribution equals $2,730.
If you're not fully vested, you'll get to keep only a portion of the match or maybe none at all. To find out your vesting schedule, check with your company's benefits administrator. The upshot: It can usually take around three to five years before you own all of your company matching contributions.ut company matching funds usually vest over time-typically either 25% or 33% a year, or all at once after three or four years. Once you're fully vested, you can take the entire company match with you when you part ways with your job.