401k Question

If you are paid bi-weekly, then it would be off of 80 hours you worked during that period.

They withold 5% from your paycheck, and will match half of it. Don't worry about hours.

before tax

If I'm going to be paid biweekly and working 7 -12s, would my company give a match on 168 hrs of 5% or just 80 hours?

Dude, stop worrying about hours. They match up to 5% of whatever your before tax pay is. So you should at the least contribute 5% of your paycheck to your 401k.

Example - you make $2,000 on one paycheck. You will have 5% of your own money put in your 401k ($100) and you company will put an equal amount of their own money ($100). You will get a paycheck for $1,900 - obviously disregarding taxes, healthcare, etc.

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That's 5% after tax or before tax?

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depends on your plan. You might have the choice of doing it in a Roth (post tax) or traditional (pre tax).

I have a 401K question also and didn't want to start a separate thread.

I recently took a new position as well. Company matches 401k up to 5% on a profit sharing basis. If the company is not profitable, they do not match anything, as was the case last year.

They also don't vest Day 1. It's 0% until your 2 year anniversary, 25% after 2 years and 1 day, and 50% after 3 years and 1 day.

I don't plan to be in the role much longer than 2 years. It's a transitionary position for myself. Does it even make sense to throw money in the 401K?

Fat fingered a downvote. Thanks for your input sir,