My wife has 24hrs to decide if she wants to take a new job at another employer. Our concern is her 401K now vs what her 401K would be at the new employer.
Current employer
Employer matches 2% of her gross automatically
Employer matches dollar for dollar up to 3%, then 50 cents on the dollar for the next 3% up to 6%
She is 100% vested
Potential new employer
She has to work 1.5yrs before becoming eligible to contribute to their 401K plan
Once eligible, they match dollar for dollar up to 5%
In addition, every year they get a profit sharing bonus that's usually 3-5% or her yearly gross
To be 100% vested she'd have to wait 5 years after becoming eligible, (1st yr-20%, 2nd yr-40%, 3rd yr-60%, etc.)
Now the fund options are nearly identical. Good funds, low ER's. What scares us the most is the vesting wait. She is 29yrs old, I'm 31yrs old. We are currently fully funding our 401K's and IRA's. Our goal is to reach FIRE in 9-10yrs, and we're right on pace. So the fact that she wont be fully vested for 6.5yrs is a little scary. That and the fact that outside of her IRA she'll only be able to invest in a taxable account for the next 1.5yrs means we wont get the tax benefits like we would if she was in a 401K.
She is exactly 50/50 on staying or going, she likes her job now(just not her boss). But she also feels like its time for a change. Ill add that both jobs pay the same. So if I'm missing something, good or bad, on the 401K differences. That may be enough to sway us in one direction or another.
Thank you for any input!