3 ms·
As that document says, the maximum match is 4% and the automatic contribution is 1% for a total of 5%. 1:1 matching seems to be reasonably common, but only up
by MrMorden 7y ago
As that document says, the maximum match is 4% and the automatic contribution is 1% for a total of 5%.
1:1 matching seems to be reasonably common, but only up to a single-digit percentage of pay.
- lotsofpulp 7y agoMatching 3% to 5% of pay is common. Matching 50% of all contributions is not, and is far above the median, therefore I would consider a 50% match on contributions to be special. To get a similar 401k match in federal, you’d have to make almost $200k, whereas Microsoft is not restricting it by income.