What's your employer contribution to your 401K?

They match dollar for dollar up to 13%? If yes, congrats. And shame on you for not contributing 13% from day 1.

quote:

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My Minimum required contribution is 2.5% of my salary, while my employer contributes 13%.

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Is this a match or do they contribute 13% as long as you contribute 2.5%?

If it’s a match, it’s dumb to not maximize the free money. I know people who contribute to cash after-tax and withdraw it every year, maximizing the employer contribution.

My company matches 2.5% for years 1-5, 5% year’s 6-10, 10% year 10+.

100% up to 4%

I put in 6%, they put in 8%

50 cents on the dollar up to 5%, but we also get pension of 2.5% of salary per year

Dollar for dollar up to 10%. No pension

200% up to the 1st 5%

I put in 4%, they match plus they put in another 8%, for 16% total.

5% automatically, then they match for an additional 5%.

They also increase employee contributions 1% per year (no extra matching), unless you tell them not to. Painless!

So my own contribution is now at 11 or 12%, plus the 10% they contribute.

Only other consideration is the vesting schedule.