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401k investors: How is your company's match?

minendo

minendo

Elite Member
Recently they redid the match policy for my company. Origianlly it was 4% match for 5% initial investment plus a max 5% stock purchase which was matched at 1/2. Now I get 9% match for 15% investment. 🙂

Nothing like watching my retirement fund grow. :beer:
 
They match 100% up to 6% of my Gross Pay, but I'm allowed to put in 12% of my own.

edit: oh and the sad part is that some people don't do it. Nothing like giving away 6% of your gross pay tax free.
 
100% for the first 3%, then 50% for the next 3%. We can contribute up to 25% or the IRS limit of 14000, IIRC.
 
i can't remember exactly, i know it used to be good, and then then scaled it back/end it i think. to "compensate" they introduced a employee stock purchase plan, yeah right, i want to buy company stock vs. a guaranteed 25-100% return/match to my 401(k). got any swamp land in florida you don't need?
 
25% match up to 1.5%.

So I contribute 6% to get the 1.5% match!

Vesting blows! Cliff vest at 20% at 2yrs, Full Vest at 5yrs!



 
if you work at a company and participates in their 401k plan, what happens when you quit the company? will the money transfer over? or do you take the money out? how does it work?
 
Originally posted by: zaku
if you work at a company and participates in their 401k plan, what happens when you quit the company? will the money transfer over? or do you take the money out? how does it work?
Click to expand...

normally these days, you take a payout and roll it into a self directed IRA. there are some other options, some companies will let you leave it in their account i think.

if you just cash it out, you have to pay a 10% penalty PLUS all the money is taxable as income that year
 
wow, I feel fortunate. I get 135% of up to 6% of my annual salary. I can put away up to 15% but they only match up to the first 6% (oh darn). That's right, I'm getting $1.35 for every $1 I put in. Can't beat that!! 🙂
 
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