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Message
re: 401k
Posted on 2/29/24 at 1:05 pm to bubba102105
Posted on 2/29/24 at 1:05 pm to bubba102105
quote:
Company automatically puts in 1% for you no matter what you do and then matches dollar for dollar for another 6%, for a total of 7% company contribution.
That's pretty good. I think on average the match I've had is ~4% over my career.
I work for a small company (~200 employees) and our match is 100% for the first 4% and 50% for the next 4% (6% overall). However the match is also capped at $5k.
First company I've worked for that had a hard cap like that. So I'm not getting the full match.
1
Posted on 2/29/24 at 3:06 pm to gpburdell
We get a 6% match, hopefully going up next contract
This post was edited on 2/29/24 at 3:07 pm
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