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Yes, seriously! The IRS rules for 401k plans allow for the employer to put in twice as much as the employee - that's the only way to hit the maximum. But emplo
by nfriedly 6y ago
Yes, seriously!
The IRS rules for 401k plans allow for the employer to put in twice as much as the employee - that's the only way to hit the maximum. But employers didn't seem to get the memo.
My current employer advertised a 2-to-1 401k match, which was a big selling point until I learned that it was capped at $4800/year. And then even that went away because of COVID :(
I've considered going back to consulting a couple of times just to be able to give myself a proper 401k match.