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Jul 19, 2017
2:10
:20
pm
rggee
All-American
Wow!
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rggee
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RGGeemer
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rggee
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Aug 18, 2010
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Messages
Author
Time
How rare is this 401k match:
BeyondTheMark
7/19/17 2:00pm
The first 5% isn't a match, it's just a contribution.
Ozymandias
7/19/17 2:01pm
very....take it to the bank
Nat Gas Man
7/19/17 2:02pm
Well, it is a bank
BeyondTheMark
7/19/17 2:46pm
very rare. that's a great deal.
smokymountainrain
7/19/17 2:02pm
My company gives 3% and matches up to an additional 4%
gmj81
7/19/17 2:04pm
Mine gives 6% and matches up to 4% (half of up to 8%)
supertux
7/19/17 2:42pm
so...that's 20% if you just contribute 8%? Wow.
Avery
7/19/17 2:56pm
18% if I contribute 8%
supertux
7/19/17 2:58pm
Never heard of such a thing. Very nice.
Backcountry
7/19/17 2:06pm
My company provides a 3-8% wealth contribution (not a match)
sandtrapcougar
7/19/17 2:08pm
I am in for the long haul because mine contributes 15%
CoastalCoug
7/19/17 2:09pm
Wow!
rggee
7/19/17 2:10pm
Mine does 2.5-4.0% contribution (no matching required) plus 4.5% matching.
rggee
7/19/17 2:09pm
My previous employer had a very similar setup. ~3% cont. + 5% matching or so.
rggee
7/19/17 2:12pm
The contribution part will not vest until 3 years into my employment, however.
rggee
7/19/17 2:14pm
I'm in just about the same boat
jbcoug
7/19/17 2:18pm
My company has no match but has a similar contribution like yours that is a % of
cheezedawg
7/19/17 2:12pm
That's like a $2,200/yr (almost) pay bump, pretty sweet. Wonder how it's taxed?
Thunder Buddy
7/19/17 2:13pm
Pre-tax unless you put it in a Roth 401K.
rggee
7/19/17 2:14pm
employer contribution still pre-tax even in Roth vehicle
lukeskywalker
7/19/17 2:15pm
Good to know. They'll be taxed when you pull them out just like a traditional
rggee
7/19/17 2:17pm
See, that's where they get you. You can never avoid the tax man. I'd probably
Thunder Buddy
7/19/17 2:27pm
rare for large employer
lukeskywalker
7/19/17 2:16pm
That's good, but I'm going to contribute more than 5% regardless so I'm
jensen46
7/19/17 2:17pm
The max is the same for all ($18k iirc) and doesn't count company contributions
gmj81
7/19/17 2:49pm
When I say I'm more interested in the max, I mean I'm more interested
jensen46
7/19/17 2:59pm
FYI- direct employer contributions are not under the 401k structure, and the
cheezedawg
7/19/17 4:08pm
great deal - I used to be with a company that gave almost the same
Avery
7/19/17 2:21pm
Unheard of in my experience.
Kerbouchard
7/19/17 2:26pm
It's really only a good deal if they are paying you within 5 percent of market
Josef K
7/19/17 2:27pm
That's how my company does it. 5% automatic contribution and 100% match to 5%
NarfUte
7/19/17 2:40pm
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