Am wanting to know whether my employer is competitive at 5%? It is a fortune 100 company.
2007-01-30 03:25:22 · 4 answers · asked by ovanbilsen 2 in Business & Finance ➔ Personal Finance
Yes, a lot of schemes would be EE (Employee) contributions only. Do they offer a matching options to:
For instance: for every 1% you put in, they will match it (up to a certain %)?
The schem we offer is very reasonable, our DB (final salary) is fully funded by the ER (Employer) and the DC (Money Purchase - a bit like the Personal Pension). Is 10% ER, and a matching of 1:1 up to 5% against EE contributions. Hope that makes sense!
2007-02-01 00:34:19 · answer #1 · answered by curly_krill 2 · 0⤊ 0⤋
I would say 5% is very good indeed = a lot contribute Zero !
NB. If it's a Final Salary scheme, they have little choice about their Contribution (it is forced upon them by the 'Actuaries')
2007-01-30 23:37:36 · answer #2 · answered by Steve B 7 · 0⤊ 0⤋
5% is a good average.most 0 could the owner is a fat git in the carribean and will shortly die.others especially big companies and council, what you put in they will match.
2007-02-02 06:18:38 · answer #3 · answered by surfer_ade_uk 2 · 0⤊ 0⤋
Seems OK to me. Make certain you contribute the same amount but preferably more.
2007-02-02 06:43:31 · answer #4 · answered by Professor 7 · 0⤊ 0⤋