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Old 05-17-2015 | 07:08 AM
  #2614  
Barley
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Joined: Dec 2013
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Originally Posted by Aero1900
The 401k: the company will match 50% up to 10% of your pay. So basically you contribute 10% and they add 5% on top of that.
I think this is what you meant, but just to clarify for folks: The 401k matching is 50% ($0.50 on $1.00) up to 5% compensation. Since the matching is only 50% you need to contribute 10% yourself if you want the full 5% company match. This is an area I don't think gets enough attention and desperately needs improvement.
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