Russel worked for Motena Publishing House for 40 years. On his retirement, he received the full benefits of the 401(k) employee-contribution retirement plan. Russel was able to obtain the full advantage of the retirement benefits because he had successfully completed the _____ in the company.
A) grace period
B) benefit period
C) vesting period
D) tie-up period

Question

Quizplus · Accepted Answer

Russel was able to obtain the full advantage of the retirement benefits because he had successfully completed the vesting period in the company, which is the time an employee must work to earn the right to full benefits from a retirement plan.

Russel Worked for Motena Publishing House for 40 Years