How much does your company match in your 4O1k plan?

Question

I need to know if you put away 5% of your weekly salary, how much will your company match? what if you only have a 28,000 salary? do you think 0% seems fair? PLEASE HELP!

I MEAN 50% not 0%! sorry!

Answer 1

each sponsoring company's policy on matching depends on certain things. you should first be thankful that your employer offers one. there are a lot of companies who don't even offer it.

if they match 50% of anything you contribute, that is one of the best programs i've ever heard of.

some companies match 100% of up to x% of your contribution
some companies match 50% of up to x% of your contribution
some companies don't match anything at all

Answer 2

my company matches 100% of up to a 3% contribution. 50% up to 5% is fair. It's not the best I've seen. Mine's not that much better.

I do the 401(k) for the match, and then put in more money into my own roth ira. If you go for the full match, you'd essentially be putting away 7.5% of your income. Ideally you would want to put away another 2.5-7.5% of your income into a roth ira. You'll be doing yourself a huge favor if you contribute 15% of your pretax income into your retirement accounts.

401(k)s are great if you get the match, it's like free money. If the money isn't matched, then the benefits of taxing the money now vs. when you pull out make roth the better option.

Answer 3

Most companies match 50% and cap their contribution at 3% of your income.

Every so often you'll a more favorable match, but the vast majority of them do the 50% up to 3% match.

Examples:
You put 6% they put 3%.
You put 4% they put 2%.
You put 10% they put 3%.

Answer 4

My company sort of matched contributions up to $1000. What they did was give you non-negotiable preferred stock that had a fixed value and did not pay dividends. When you retired or left the company, they redeemed the preferred shares. But what the heck, something is better than nothing. I had no complaints.

Answer 5

We have to invest 6% of our weekly salary and our company will match 50% of what we put in. So, I'd say your proposal is better than mine .

Answer 6

When I was employed it was $ for $ to 6% and 0% after that. I can tell you though it is an absolute great thing to do at any matching.

Answer 7

My old company would match up to 6% of our gross salary. By law you can put in up to %25. So if you make 50k, put in $12.5k the company would put in an additional $3k.

Answer 8

My husband's 401 K does not match at all and he works for a major company.

Answer 9

It depends on the company. Mine matches $500, but i work for a really crappy company.

Answer 10

5% of my base pay every pay period, that mean match dollar for dollar up to 5%

It is fair if your your company matching dollar to dollar up to 5%, hey it is free money, you get the matching is 100% return on your money

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Yes you could learn invest by yourself. it is your money, you should know how to do with it. for starter check this site out.

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http://www.stockcharts.com
http://www.streettalklive.com section university. a lot amount of information. It will serve you well
I accumulate in good amount in 401k at the young age.I could share with you. when consider invest in stock market. you should consider basic 3 things:

fundamental analysis==(economic data,finincial health, management, business model, competetion)>>what to buy

technical analysis==(chart+indicator)>> when to buy

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Market cycle===>> check out book Trader Almanac by jeff hirsch will give you inside stuff
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At the age of 32. my 401k is amassed 75,000.00 and 30000.00 in taxble account. by follow simple rule