My employer matches a % of my 401K investment

[airdvr 210]

Surprised to find out today that the company I work for does not match. Don't think I've ever been involved in a 401K where the company didn't contribute something.

Please don't dent the planet.

Destinations by Roxanne

[quade 4]

Quote

Surprised to find out today that the company I work for does not match. Don't think I've ever been involved in a 401K where the company didn't contribute something.

Wasn't the original intent of the 401k to provide tax advantages to the employer to match the contributions of the employee? At least that's what I remember.

Did something change where now it's not to their advantage to contribute?

quade -
The World's Most Boring Skydiver

[CarrieByTheSea 0]

Quote

Did something change where now it's not to their advantage to contribute?

Many corporations affected by the economy quit 401k-matching; mine did a little more than a year ago. Prior to that, I also always had various percentage-matching.

"Nature is cruel, but we don't have to be." ~ Temple Grandin

[Bolas 5]

Quote

Quote

Surprised to find out today that the company I work for does not match. Don't think I've ever been involved in a 401K where the company didn't contribute something.

Wasn't the original intent of the 401k to provide tax advantages to the employer to match the contributions of the employee? At least that's what I remember.

Did something change where now it's not to their advantage to contribute?

Sorta like pensions were once guaranteed?

Stupidity if left untreated is self-correcting
If ya can't be good, look good, if that fails, make 'em laugh.

[DrewEckhardt 0]

Quote

Surprised to find out today that the company I work for does not match. Don't think I've ever been involved in a 401K where the company didn't contribute something.

I've worked for only one small company which matched and IIRC it was minor (like fifty cents on the dollar for the first one percent of salary).

The majority of big companies I've worked for did match.

In most of the matching cases the match was not immediately vested.

[kelpdiver 2]

Quote

Quote

Surprised to find out today that the company I work for does not match. Don't think I've ever been involved in a 401K where the company didn't contribute something.

Wasn't the original intent of the 401k to provide tax advantages to the employer to match the contributions of the employee? At least that's what I remember.

Did something change where now it's not to their advantage to contribute?

If they do a certain matching (might be the 6% value), then they don't have to worry about issues where the "highly compensated" contribute at a higher rate than the lower salaried people.

[popsjumper 2]

My company matched half of what I put in up to 6% of my base pay.

OK...that means I put in 6%, they put in 3%.

My reality and yours are quite different.
I think we're all Bozos on this bus.
Falcon5232, SCS8170, SCSA353, POPS9398, DS239

[Remster 30]

Normally they match 100% of the first 4%, but, for a couple years now since our business has been doing well, they provide an additional 1% as long as we contribute something to our 401K.

Remster

[rehmwa 2]

Quote

My company matched half of what I put in up to 6% of my base pay.

OK...that means I put in 6%, they put in 3%.

true, but to get the max match, you also have to lay it out so you only put in the yearly max over the whole year period - if you over contribute and finish early, their match will end early and short of that actual 3%

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[DaVinci 0]

Mine did till June of last year. They brought it back recently.

[Coreece 190]

Quote

Surprised to find out today that the company I work for does not match. Don't think I've ever been involved in a 401K where the company didn't contribute something.

I don't feel a company owes us anything other than time served.

Your secrets are the true reflection of who you really are...