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Started By
Message
What's considered a good percentage for an employer match on a 401k
Posted on 1/15/12 at 8:24 pm
Posted on 1/15/12 at 8:24 pm
My wife's company will match up to 6%. I am told that is pretty good. Is that good, ok, or bad?
Posted on 1/15/12 at 8:42 pm to Who Me
Are you saying they will match dollar for dollar up to 6%? If so, that is prett good.
Posted on 1/15/12 at 8:48 pm to notiger1997
quote:
Are you saying they will match dollar for dollar up to 6%? If so, that is prett good.
Yep, dollar for dollar they'll match up to 6% from her salary that she puts in.
Posted on 1/15/12 at 9:35 pm to RedStickBR
6%. My company offers 3% until I work there for 5 years.
Posted on 1/15/12 at 9:49 pm to LSUtoOmaha
We were 5% with no match required. It's now 3% with no match required and a 3% match. Fully vested from day 1
Posted on 1/15/12 at 10:01 pm to Who Me
quote:
Message Posted by Who Me My wife's company will match up to 6%. I am told that is pretty good. Is that good, ok, or bad?
If they match at all, the. I would say that's good. I don't know this for sure, but I would think that there are a very small amount of companies that will match your contributions at all, especially right now. Take the free money and be grateful.
This post was edited on 1/15/12 at 10:02 pm
Posted on 1/15/12 at 10:13 pm to LSUGUMBO
5 or 6 is very good. Anything more is shocking.
Posted on 1/15/12 at 10:22 pm to TheHiddenFlask
Good. Mine does. Dollar for dollar up to 3% and the .5 for every dollar for the next 3%
Posted on 1/15/12 at 10:26 pm to TheHiddenFlask
quote:
5 or 6 is very good. Anything more is shocking
I thought that seemed pretty good that they would match at that rate. I'm a little out of touch with what private companies are offering now a days as I've been in a government job for the last 13 years.
Posted on 1/15/12 at 10:29 pm to Who Me
quote:
I'm a little out of touch
I've been in a government job for the last 13 years.
Tends to happen
Posted on 1/15/12 at 10:33 pm to TheHiddenFlask
I've got mine at 6% right now, but we have up to 8% matching as an option.
Posted on 1/15/12 at 10:44 pm to offshoreangler
quote:
I've got mine at 6% right now, but we have up to 8% matching as an option.
Wow 8%. I don't know your financial situation but I'd highly recommend trying to put the full 8% up as soon as you could swing it. That's free money and can quickly add up over the years.
Posted on 1/15/12 at 11:17 pm to TheHiddenFlask
quote:
5 or 6 is very good. Anything more is shocking.
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.
Posted on 1/16/12 at 4:56 am to Who Me
my company does 7% matching, and of course I'm putting 7 in.
Posted on 1/16/12 at 6:41 am to Who Me
At my company they automatically enroll you at a 3% match unless you tell them not too, and they match up to 6% which i take full advantage of
Posted on 1/16/12 at 7:46 am to baytiger
quote:6 for 7 at my company.
my company does 7% matching,
Posted on 1/16/12 at 7:51 am to C
My company does 3% match wich seems to be about average.
I know there is one company local that does 10% - no employee contribution required. And have a friend that claims his company matches up to 12% wich is the highest I have heard.
I know there is one company local that does 10% - no employee contribution required. And have a friend that claims his company matches up to 12% wich is the highest I have heard.
Posted on 1/16/12 at 8:57 am to Chris4x4gill2
Wow.
I can contribute up to 6% with only a 25% match
I can contribute up to 6% with only a 25% match
Posted on 1/16/12 at 9:03 am to ATL TGR
6% matching here. About 40-45 employees total.
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