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re: What's your employer contribution to your 401K?
Posted on 9/26/17 at 7:33 pm to LittleAce
Posted on 9/26/17 at 7:33 pm to LittleAce
quote:
Average 401K Match
According to the Bureau of Labor Statistics, the typical or average 401K match nets out to 3.5%. Their 2015 National Compensation Survey found that of the 56% of employers who offer a 401K plan:
49% of employers with 401K plans match 0%
41% match a percentage of employee contributions between 0-6% of salary.
10% match a percentage of employee contributions at 6% or more of salary.
The median is a 3% match.
From glancing over this thread, it seems that a good many here have unusually good plans. Similar to my own, yours is roughly average.
0
Posted on 9/26/17 at 7:51 pm to Northwestern tiger
No Match.
1 to 4 years with company 2.5% of Salary
5 to 9 years 5 %
10 years and over 10%
1 to 4 years with company 2.5% of Salary
5 to 9 years 5 %
10 years and over 10%
Posted on 9/27/17 at 10:14 pm to Northwestern tiger
100% up to 3%, 50% for the next 2%
Posted on 9/29/17 at 8:45 am to Northwestern tiger
Company contributes 10% regardless of my contribution. No matching.
FWIW I put in 10% on top of that.
FWIW I put in 10% on top of that.
Posted on 9/29/17 at 6:37 pm to fjlee90
100% match on the first 4.5%. But we do have a share save plan that allows you to put up to 10% of salary in a savings account and purchase stock twice a year at a 15% discount.
Posted on 9/29/17 at 6:39 pm to FriscoTiger
How long is the holding period after purchase?
Posted on 10/2/17 at 6:37 pm to Mingo Was His NameO
quote:
50 cents on the dollar up to 5%,
This is what I receive also and I take advantage of the free money but I think we're getting shafted after seeing what everyone else gets
Posted on 10/2/17 at 7:21 pm to cubsfinger
No, these are the people getting shafted:
quote:
49% of employers with 401K plans match 0%
Posted on 10/2/17 at 8:20 pm to cubsfinger
quote:
but I think we're getting shafted after seeing what everyone else gets
This thread is no indication of the normal 401k plans out there
I have a very very good plan at work and it's run of the mill according to this thread.
I'd say 90% of this thread is well above the averages
Posted on 10/3/17 at 8:57 pm to Northwestern tiger
My employer doesn't match shite. Definitely the biggest drawback to working there, but we do have a very solid medical plan and other comp is above average for the industry.
There is talk of matching in 2018, but I'm not holding my breath.
I'm just putting away as much as I can on my own and counting anything else as icing if it ever happens.
There is talk of matching in 2018, but I'm not holding my breath.
I'm just putting away as much as I can on my own and counting anything else as icing if it ever happens.
Posted on 10/5/17 at 10:21 am to Northwestern tiger
they match 5% and give 4.5% in lieu of the pension that ended a couple of years ago.
Posted on 10/5/17 at 5:25 pm to bobaftt1212
Self employed solo 401k. In addition to standard 18k can put another 25 percent of income up to 36k bringing total to 54k. I am happy!
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