4 ms·

Many (perhaps not most? I haven’t researched broadly) large companies offer 100% match for 401k contributions, up to 6% of your salary. If you say the denizens

Many (perhaps not most? I haven’t researched broadly) large companies offer 100% match for 401k contributions, up to 6% of your salary. If you say the denizens of the companies I’ve worked at are all very lucky, I won’t disagree, but it’s surprising to hear this is uncommon. EDIT: Or perhaps your percentages are (unusually, for US conversations about 401k contributions) referring to total outlay, by which standard a 100% match is a company covering 50% of the total outlay? But in that case the limit is no where near $9500, perhaps you were missing a 1 in front? The max employee contribution to a 401k was $18,500 in 2018...

golover721 7y ago
The max employee contribution in 2019 is $19000 so given a 50% match the employer would pay $9500. I know a number of large tech companies offer this. But it still way under what they COULD contribute. And you are right most companies are way under that 50% match up to the individual limit example. EDIT: Sorry just reread your comment, yes that’s another way companies will structure it x% match up to y% of your salary. The x and y differ wildly. Also some will add a up to z total match. Which kind of formula works out best for you highly depends on your salary. But the average employer contribution for someone maxing out their personal contribution is $3000.