Originally Posted by
elmetal
So you put in 5% let's say you make 100,000 for easy numbers.
You put in 5% or 5000 dollars. They match the 5000.
After the 5%, it's a half match so if you put in total, 10% or 10,000, they will match 7500 dollars.
Make sense?
this is 100% NOT correct! I wish it was! we have a 50% match up to 5% max. so if u put in 6% the company matches 3%, 7% they match 3.5%, 8% they match 4%, up to a MAX of if you put in 10% they match 5%. They always match HALF up to a 5% MAX. we also have a SMALL DC Plan as follows. I cut and past it. just look at the far right column
Longevity 3/2/07 3/2/08 3/2/09 3/2/10 Thereafter
1 0.0% 0.0% 0.0% 0.0% 0.0%
2 0.0% 0.0% 0.0% 0.0% 0.0%
3 2.2% 2.2% 2.2% 2.2% 2.2%
4 2.7% 2.7% 2.7% 2.7% 2.7%
5 3.2% 3.7% 4.0% 4.0% 4.0%
6 3.7% 4.2% 4.7% 5.2% 5.5%
7 4.2% 4.7% 5.2% 5.7% 6.0%
8 5.2% 5.7% 6.0% 6.0% 6.0%
>9 5.5% 6.0% 6.0% 6.0% 6.0%