Originally Posted by
cornerpocket
Thank you for this info. Regarding the 401k, How do I interpret this? The company will automatically contribute 3% of your pay into your 401k, and then match dollar for dollar with no cap?
years 1-4: Company contributes 3% automatically (no contribution required); and will match an dollar for dollar an additional 1% contribution. Total contribution from the company of 4%.
years 5-9: 3% automatically; 4% match dollar for dollar. Total contribution from company of 7%.
years 10-14: 3% automatically; 6% match dollar for dollar. Total contribution from company of 9%.
years 15-19: 3% automatically; 9% match dollar for dollar. Total contribution from company of 12%.
years 20+: 3% automatically; 11% match dollar for dollar. Total contribution from company of 14%.