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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
Posted by cjared036
Houston, tx
Member since Dec 2009
9569 posts
Posted on 6/19/15 at 8:15 pm to
I get employer matching up to 6%

That good?
Posted by jturn17
Member since Jan 2011
4978 posts
Posted on 6/19/15 at 8:36 pm to
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 by gpburdell
ATL
Member since Jun 2015
1425 posts
Posted on 6/19/15 at 11:21 pm to
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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