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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?
8
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 9:28 pm to Who Me
6% is very good.
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 1/16/12 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 10:24 am to Who Me
My company matches half up to 6%. So I'm putting in 6 and they're putting in 3.
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.
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