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re: 401k Matching Question
Posted on 6/4/14 at 9:44 am to wiltznucs
Posted on 6/4/14 at 9:44 am to wiltznucs
MY last company matched 50% of your contribution, up to 6% - (You put in 6, they match with 3)
My current company has gone through several 401K related changes the last few years. When I hired in they gave 10% of salary to your 4501K once per year. That was changed to 8%. Then to 4% + dollar for dollar match of 4%. Now we are at dollar for dollar match of 4% with an additional 4% possible if revenue numbers are met.
My current company has gone through several 401K related changes the last few years. When I hired in they gave 10% of salary to your 4501K once per year. That was changed to 8%. Then to 4% + dollar for dollar match of 4%. Now we are at dollar for dollar match of 4% with an additional 4% possible if revenue numbers are met.
1
Posted on 6/4/14 at 9:07 pm to Chris4x4gill2
My employer guarantees 50% match up to 6% earnings.
And every year based on company performance (revenues and profits), they add up to an additional 50% (applied on the following year's pay).
It ranges from an additional 18% up to as much as an additional 43%.
It definitely keeps us focus on why we are employed (productivity).
And every year based on company performance (revenues and profits), they add up to an additional 50% (applied on the following year's pay).
It ranges from an additional 18% up to as much as an additional 43%.
It definitely keeps us focus on why we are employed (productivity).
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