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re: What's your employer contribution to your 401K?
Posted on 9/22/17 at 10:28 am to Northwestern tiger
Posted on 9/22/17 at 10:28 am to Northwestern tiger
quote:
My Minimum required contribution is 5.5% of my salary, while my employer contributes 10%.
You should contribute 10% if your employer contributes 10%. That is free money you are missing out on.
0
Posted on 9/22/17 at 10:29 am to Oenophile Brah
Match up to 5% plus end of the year profit sharing. Profit sharing has been typically 10-12% of salary.
Posted on 9/22/17 at 10:36 am to Northwestern tiger
My current one is 50% up to 6%. So if I put in 6% I get an additional 3%. It is not great but the profit sharing and bonuses are solid.
Posted on 9/22/17 at 10:39 am to Volvagia
quote:
My match maxes at 5% (100% for 3%, 50% for 2%, so 5% contribution to get 4%).
Same as this guy. Good funds too, so happy to contribute 15%
Posted on 9/22/17 at 10:42 am to LSUOFFSHORE
quote:
2% min and they match 8%. Plus we have pension.
Are you in the office next to me?
Posted on 9/22/17 at 12:02 pm to notsince98
quote:
My current one is 50% up to 6%. So if I put in 6% I get an additional 3%.
Mine is the exact same, and we do typically get annual bonuses. Wish it was 100% up to 5 or 6 though.
Wife works for Department of the Army, and she gets 100% up to 6% plus a bonus 1% I believe.
Posted on 9/22/17 at 12:22 pm to Dirtman16
Mines 100% up to 8% which seems to be pretty good.
Posted on 9/22/17 at 2:25 pm to Northwestern tiger
50% match up to the federal limit plus 4-8%(depending on how well we did that year) of your salary as 401k bonus at the end of the year.
Posted on 9/22/17 at 3:14 pm to Northwestern tiger
quote:
I feel like i should take advantage of that rate and start contributing more.
Um yeah, that's 10% more you could be making
Posted on 9/22/17 at 3:36 pm to Mercy Percy
Put in 3%, they match 9%
Need to bump my contributions up
Need to bump my contributions up
Posted on 9/22/17 at 6:04 pm to Northwestern tiger
We have to put in 3%, company will put in 6%. We have a pension too
Posted on 9/22/17 at 6:11 pm to UncleRuckus
100% match up to 6%. then 5% at the end of the year for profit sharing
Posted on 9/22/17 at 6:38 pm to Northwestern tiger
Full match up to 6%. Plus 15% on the dollar for company stock.
Posted on 9/22/17 at 6:41 pm to zzemme
quote:
100% up to 4%
Posted on 9/22/17 at 7:59 pm to Northwestern tiger
ZERO!
just rolled my 401k into my TIRA
I am back contracting working for myself again.
just rolled my 401k into my TIRA
I am back contracting working for myself again.
Posted on 9/22/17 at 8:13 pm to Northwestern tiger
100% up to 5% and then a certain % based on your age.
So basically if I contributed nothing to my 401K right now my company would put 2% towards it.
I've been contributing 7% since day 1.
So basically if I contributed nothing to my 401K right now my company would put 2% towards it.
I've been contributing 7% since day 1.
Posted on 9/22/17 at 8:22 pm to zzemme
quote:
100% up to 4%
This, plus an annual 2% contribution
I think the 2% is not necessary a given, but it's been given every year that I've been there
I contribut 6 and my employer gives 6 for a total of 12
Posted on 9/22/17 at 9:39 pm to LSUcam7
Whatever it is, if you can afford to, contribute 15% and be sure it's a "before tax" contribution. Never touch it and be set for retirement. I'm in the stages of life where I can put 24K per year. I max it out every year. I'm catching up from a divorce in 2000.
Posted on 9/23/17 at 9:35 am to Popths
good luck, since turning 50 I've been lucky to set aside 24,000 each yr
This post was edited on 9/23/17 at 9:36 am
Posted on 9/23/17 at 10:24 am to Gorilla Ball
Ours goes up based on years of service. Like 3% at first up to 9%.
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