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Northwestern tiger
Minnesota Fan
Minneapolis
Member since Oct 2005
18804 posts

What's your employer contribution to your 401K?
My Minimum required contribution is 5.5% of my salary, while my employer contributes 10%.

I feel like i should take advantage of that rate and start contributing more.

This post was edited on 9/21 at 8:32 pm


weurf3
LSU Fan
nola
Member since Jun 2004
534 posts

re: What's your employer contribution to your 401K?
They match dollar for dollar up to 13%? If yes, congrats. And shame on you for not contributing 13% from day 1.


Volvagia
LSU Fan
Fort Worth
Member since Mar 2006
44091 posts

re: What's your employer contribution to your 401K?
My match maxes at 5% (100% for 3%, 50% for 2%, so 5% contribution to get 4%).

In addition though we get profit sharing that varies in annual performance from 3-12% in my experience.

Average year is 4-5%


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
1673 posts

re: What's your employer contribution to your 401K?
quote:

My Minimum required contribution is 2.5% of my salary, while my employer contributes 13%.

Is this a match or do they contribute 13% as long as you contribute 2.5%?

If it’s a match, it’s dumb to not maximize the free money. I know people who contribute to cash after-tax and withdraw it every year, maximizing the employer contribution.

My company matches 2.5% for years 1-5, 5% year’s 6-10, 10% year 10+.


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30
zzemme
Houston Astros Fan
Member since Nov 2008
8304 posts

re: What's your employer contribution to your 401K?
100% up to 4%


jimbeam
USA Fan
University of LSU
Member since Oct 2011
45201 posts

re: What's your employer contribution to your 401K?
100% up to 4%


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30
Dock Holiday
Member since Sep 2015
671 posts

re: What's your employer contribution to your 401K?
Matching up to 6% then another 4, 5, or 6% based on years of service.


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10
TigerTatorTots
New Orleans Pelicans Fan
The Safeshore
Member since Jul 2009
73473 posts

re: What's your employer contribution to your 401K?
I put in 6%, they put in 8%


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50
Northwestern tiger
Minnesota Fan
Minneapolis
Member since Oct 2005
18804 posts

re: What's your employer contribution to your 401K?
(no message)
This post was edited on 9/21 at 8:33 pm


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00
Mingo Was His NameO
LSU Fan
318
Member since Mar 2016
1744 posts

re: What's your employer contribution to your 401K?
50 cents on the dollar up to 5%, but we also get pension of 2.5% of salary per year


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tigerbaiter1033
LSU Fan
Mitlan,Tejas
Member since Nov 2011
1044 posts

re: What's your employer contribution to your 401K?
Dollar for dollar up to 10%. No pension


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30
Northwestern tiger
Minnesota Fan
Minneapolis
Member since Oct 2005
18804 posts

re: What's your employer contribution to your 401K?
(no message)
This post was edited on 9/21 at 8:32 pm


Mercy Percy
Florida Fan
Norman Oklahoma
Member since Oct 2009
1320 posts

re: What's your employer contribution to your 401K?
200% up to the 1st 5%


DaBeerz
LSU Fan
Ellic
Member since Sep 2004
11617 posts

re: What's your employer contribution to your 401K?
0, national company... pay above average salaries but no 401k match


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13
LSUSUPERSTAR
LSU Fan
TX
Member since Jan 2005
12402 posts

re: What's your employer contribution to your 401K?
I put in 4%, they match plus they put in another 8%, for 16% total.


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11
Quidam65
Arkansas State Fan
Q Continuum
Member since Jun 2010
11943 posts

re: What's your employer contribution to your 401K?
Matches up to 5% if I contribute at least 5%. (I contribute the maximum allowed by the IRS)


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10
sincerecontact
LSU Fan
Member since Mar 2014
80 posts

re: What's your employer contribution to your 401K?
5% automatically, then they match for an additional 5%.

They also increase employee contributions 1% per year (no extra matching), unless you tell them not to. Painless!

So my own contribution is now at 11 or 12%, plus the 10% they contribute.


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10
Twenty 49
LSU Fan
Shreveport
Member since Jun 2014
7278 posts

re: What's your employer contribution to your 401K?
Match up to 5%. If you don’t contribute at least enough to max out the match, you are literally giving away money.


lynxcat
Rutgers Fan
Member since Jan 2008
18508 posts

re: What's your employer contribution to your 401K?
Only other consideration is the vesting schedule.


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00
LSUcam7
Member since Sep 2016
161 posts

re: What's your employer contribution to your 401K?
I receive 100% of the first 6%, and there's a 3% profit sharing allocation most years ex-great recession.

If you're getting more than 5-6% you have a great plan. But then how much you make?


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