I need a formula to help me calculate years of vesting for 401K.
One way, with the years in A1
=IF(A1="","",LOOKUP(A1,{0;2;3;4;5;6},{0;0.2;0.4;0. 6;0.8;1}))
format result as percentage
Regards,
Peo Sjoblom
"Diana" wrote:
I need a formula that will help me calculate years of vesting for our 401k
plan.
2 years equals 20% vested
3 years equals 40% vested
4 years equals 60% vested
5 years equals 80% vested
6 years and over = 100% vested
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