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Posted on 1/16/12 at 10:33 am to saderade
6% matching $.50 on the $1. Fully vested in 5 years. Would love an %8-12 full match. That's a lot
Posted on 1/16/12 at 10:54 am to lsu711
quote:
So they work 2-3 days a week, have 1/4 of the year off completely and get those kinds of benefits. Not a bad gig.
not exactly true, depending on the field the professor is in
Posted on 1/16/12 at 11:12 am to lsu711
quote:
I had a professor mention they (professors) put in 5% and the university "matches" with 10%.
So they work 2-3 days a week, have 1/4 of the year off completely and get those kinds of benefits. Not a bad gig.
My professor wife puts in 4% and they match 6%.
quote:
work 2-3 days a week
She honestly works about 60 hours a week for pretty mediocre pay.
Posted on 1/16/12 at 12:10 pm to Tigris
Dollar for dollar up to 4% and then 50 cents per dollar up to 6% here. So they do 5% for my 6%.
Obviously putting in 6%
Obviously putting in 6%
Posted on 1/16/12 at 12:11 pm to Tigris
I got a chuckle out of the 2-3 days, too. Although looking at a NW distribution of people that frequent another investment board the amount of pension assets and investments held by PhD's was ridiculous, but that was also highlighted in the GA University System comp/retirement funding issues, too.
In general, the oil industry appears to be the front runner for pay and matching.
In general, the oil industry appears to be the front runner for pay and matching.
Posted on 1/16/12 at 1:15 pm to bpfergu
Maximum Match of $1500 so that puts the match percentage around 1.9%. Horrible by all accounts.
If I am contributing say $8000 a year in 401k and they are only matching $1500, am I better off putting that other $6500 somewhere else like a Roth IRA?
If I am contributing say $8000 a year in 401k and they are only matching $1500, am I better off putting that other $6500 somewhere else like a Roth IRA?
Posted on 1/16/12 at 1:26 pm to nrtiger
You are already making a free 23% return on the match, so it is better than nothing. I would take full advantage of any match and then contribute to a Roth.
Posted on 1/16/12 at 2:55 pm to tirebiter
quote:
In general, the oil industry appears to be the front runner for pay and matching
I'm in the Oil Industry and they match 7% in stock. I know some guys that work for Shell and they get some ridiculous benefits for their 401k.
Posted on 1/16/12 at 3:06 pm to Tigerstudent08
My 3 employers in the chemical industry all matched 7%.
Now I'm self employed and get to match my own social security tax instead.
Now I'm self employed and get to match my own social security tax instead.
Posted on 1/16/12 at 3:17 pm to Who Me
The company I'm about to start with matches dollar for dollar up to 5%.
On top of that they put a % based on my age. Less than 35 is 2% and it increases a .5% every 5 years capping off at 5% when I reach 60.
On top of that they put a % based on my age. Less than 35 is 2% and it increases a .5% every 5 years capping off at 5% when I reach 60.
Posted on 1/16/12 at 3:21 pm to Who Me
My company matches up to 4% but we also have a defined benefit retirement plan.
Posted on 1/16/12 at 5:40 pm to Tigerstudent08
My company contributes 2.5% after 1 year, 5% after 5 years and 10% after 9 years. No matching involved.
Posted on 1/16/12 at 7:04 pm to tirebiter
not necessarily. pay?? yes. 401k match? meh. only 4% for me.
This post was edited on 1/16/12 at 7:05 pm
Posted on 1/16/12 at 7:09 pm to Chris Farley
quote:
I would take full advantage of any match and then contribute to a Roth.
bingo. exactly what i do.
Posted on 1/16/12 at 9:02 pm to Fat Bastard
Dollar for dollar up to 3% and the .5 for every dollar for the next 3%.
I know a refinery we do business with puts 10% as company stock into their operator 401ks no matter what the employee contributes.
I know a refinery we do business with puts 10% as company stock into their operator 401ks no matter what the employee contributes.
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