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I would like to see what matches are given these days. I feel like my company is on the higher end of matching, but I have nothing to compare it with. That's why I thought to ask all of you.
My company matches 5:1 on the first 2%. Meaning for every $100 I make, I contribute $2, and my match is $10, so a total of $12. They also contribute a yearly bonus into it also, about 3% of my total income.
I figure this is I'm the higher end, but like I said, not really sure.
Per 2010 Employees 3% Company Match of 1st 6% (more or less have defined pension plan)
Post 2010 100% Company match of 1st 3% and 50% on next 2%, (Cash Value pension plan)
Location: Chapel Hill, NC, formerly NoVA and Phila
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My husband's company matches 50% of whatever you put in. If you put in the max allowed by law ($17,500), then they put in $8750, but you have to be employed until Dec. 31 to receive it, and it doesn't go in until March of the following year. I'm a SAHM, so no 401(k) and no match.
My husband's company matches 50% of whatever you put in. If you put in the max allowed by law ($17,500), then they put in $8750, but you have to be employed until Dec. 31 to receive it, and it doesn't go in until March of the following year. I'm a SAHM, so no 401(k) and no match.
That's a pretty interesting way to do it. Never heard of that before.
I have to put in at least 5% of my salary to get a match. Currently, my company puts in 7% of my salary. It's supposed to go up to 100% in a few years.
I've never worked somewhere that had a 401k program at all, let alone a company match.
My husband's company just started matching a couple of years ago. They now match 100% up to 4%.
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