If you are gradually vested in a retirement plan over a 4-year period,the plan is a

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A graded plan is one in which vesting occurs gradually over a period of time, such as a 4-year period. This is different from a cliff plan, in which vesting does not occur at all until a certain point in time (such as after 5 years of service), and from a contributory plan, in which employees contribute to their own retirement accounts. A self-directed plan allows employees to choose their own investments within the plan, and a maximum vesting plan provides for full vesting after a certain period of time or a certain event (such as reaching retirement age).

If You Are Gradually Vested in a Retirement Plan Over