Volume 15: The Lockshield Letter
Jan 2, 2026
Episode 3: 401k Basics
401(k) Basics: Match, Roth, Vesting
Episode Description
In Episode 3 of the Lockshield Partners Podcast, we break down the basics of one of the important retirement tools available to many people: the 401(k).
The 401(k) is the most commonly offered employer-sponsored retirement plan, with about 60% of Americans having access to one. We walk through who’s eligible, including common requirements like being 21 years old and meeting a minimum service period, and explain why 401(k) plans must follow non-discrimination rules.
We cover employers offering matching contributions and why taking advantage of a match is so important. We also break down vesting schedules, which determine whether you get to keep the money your employer contributes, including no vesting schedules, cliff vesting schedules, and graded vesting schedules.
Finally, we discuss that 401(k) contribution limits are significantly higher than IRA limits and discuss the investment options within employer-sponsored plans.
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