Stream,Inc.,uses a two- to six-year graded vesting approach in its defined contribution plan.If Sloane has 3 years of service,what is her nonforfeitable percentage?
A) 0%.
B) 20%.
C) 40%.
D) 60%.
E) 80%.

Question

Quizplus · Accepted Answer

With the two to six-year graded vesting approach, the nonforfeitable percentage increases by 20% for each year of service. Sloane has 3 years of service, so her nonforfeitable percentage would be 40%.