Originally Posted by
Skyhawk121
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%.
So basically if you’re already contributing the max that the company will match (4% for years 1-4 for example) the direct contribution is completely negated and you’re really not getting anything extra in this new TA?
Disclaimer: I already bounced, and it seems I made a good move. But I’m still heavily rooting/empathizing for those I left behind.