dream_cc
401k matching question
1923
10
2006-06-07 15:49:00
matching, obviously put in 7%. The question is, to achieve that, do I have
to put in 7% for every paycheck? Can I put say 14% of every paycheck the
first half year to get the company's 7% for the whole year?
i think it depends on your company's matching pattern. some company matches dollar to dollar, some matches 50c to a dollar. you will need to find out how your company does it. if they matches dollar to dollar, you can invest however you want.
So, you are saying the matching is all 'local to every paycheck', can't
be according against the my contribution annually? Just for example,
if my 7% of annual salary happens to be 15000, and I can put 15000
in 401k the first month, but, the company won't be matching 15000
the first month, instead it can only match 7% of my first month's paycheck
which is 15000/7%/12*7%=1250.
Am I right? Thaks
[此贴子已经被heavysnow于2006-6-7 19:55:21编辑过]
So, you are saying the matching is all 'local to every paycheck', can't
be according against the my contribution annually? Just for example,
if my 7% of annual salary happens to be 15000, and I can put 15000
in 401k the first month,
--if the 7% of the annual salary is $15k, the money should be $1,250/month. you cant just put the whole amount in the first month.
but, the company won't be matching 15000
the first month, instead it can only match 7% of my first month's paycheck
which is 15000/7%/12*7%=1250.
Am I right? Thaks
maybe i am repeating what you have said above, but here is a clear look of how it works. for example, the annual salary is $80,000, employee contribution is 7% and same as employer match.
employee contribution per month: $80,000*.07=$5,600/12=$466.67
employer match per month: $80,000*.07=$5,600/12=$466.67
therefore, a total of $933.33 goes to your 401k account each month.
the first 6 months and expect the employer to do the same?
because they still can only contribute $466.67 per month?
到底了
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