Vesting rules depend on the type of Keogh contributions being made. The IRS imposes certain rules on Keogh Plans, which includes vesting restrictions. Different employers might have totally different vesting schedules, as long as they satisfy the IRS rules.
It depends on the type of contribution being made, such as matching or profit-sharing or money-purchase contributions, whether the plan is a QACA, and so on. Many contributions are immediately vested, while some are gradually vested over a few years, and some are on a cliff-vesting schedule.
To learn more information about vesting, see “How Does Vesting Work?"
The vesting schedule for any qualified plan is in its summary description. Keep in mind that only employer contributions require vesting; all employee contributions and deferrals are immediately vested.
Currently, in order to contribute to an ESA at all, you and your spouse must make less than $220,000 per year (combined)
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