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re: Is the $18,500 cap for 401K eapplicable to employer matching?
Posted on 6/19/15 at 8:15 pm to Teddy Ruxpin
Posted on 6/19/15 at 8:15 pm to Teddy Ruxpin
I get employer matching up to 6%
That good?
That good?
Posted on 6/19/15 at 8:36 pm to cjared036
Also note that if you're considered a highly compensated employee (HCE) you limit may be lower. Not sure how to find out normally, but voya informed me through there system when my fiance got close to her limit. She maxes out at like 14k.
Posted on 6/19/15 at 11:21 pm to cjared036
quote:
I get employer matching up to 6%
That good?
If it's 100% match up to 6% then that's fairly good. On average I'd say most companies match less that. My company matches 6% plus an optional 0-4% based on company performance. It used to be just 4%, but then they froze the pension plan.
The last 3 years we've gotten an extra 2% for a total of 8% match per year which is very nice.
This post was edited on 6/20/15 at 11:49 pm
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