My company is starting a new 401k. They already have a 401k which will remain but the new one will get all future contributions. They are telling me that because it is a new 401k the vesting period will start over and I will not be vested fully for 6 or 7 years. I have already been employed by the company for 8 years. Can the company restart the vesting schedule? I thought vesting was based only on years of service for the company and not how long I have been in a particular 401k plan. Otherwise it seems like they can restart the vesting over and over again.Spoke to the hr person and what he is telling me is that the 401k service provider told him - Because it is a new plan they can base vesting on years of eligibility for the new plan and disregard prior years of service. Further edit - To be clear what I am told by the company is that it would not affect my current vested balance but when the new plan begins future matching contribution s would be unvested and subject to a new vesting schedule. Also they are looking at 5 years to vest.