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Then I would have clarified that sentence, by saying matching funds UP TO $20 million. If my employer says they are matching my 401k contribution, I'd expect th

Then I would have clarified that sentence, by saying matching funds UP TO $20 million. If my employer says they are matching my 401k contribution, I'd expect that is 1:1, not a hidden, oh we really only meant 20%. I'm just being pedantic.

neuronexmachina 10y ago
You'd be assuming poorly, then. The most common 401k(k) matching is actually 50%.
- spydum 10y ago
  (Up to 6%)
- overcast 10y ago
  So you would just go into a 401k plan assuming 50%? My company has ZERO matching for 401k. You'd be assuming poorly, then.
dragonwriter 10y ago
"Matching funds" is an established term of art in government (and some other) finance for contribution with some proportionality factor required by the granting agency to be spent toward the same goal by some other agency (often the recipient themselves) as a condition of the granted funds. The term was used correctly in the sentence, and since the exact funding split was specified, there was nothing to be clarified.