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One option not listed is 401k match. Next to base compensation, that is the metric I am most interested in.
by Femur 17y ago
One option not listed is 401k match. Next to base compensation, that is the metric I am most interested in.
- CUViper 17y agoIt's better to consider total compensation. A $100k salary with up to 5% 401k matching is roughly the same as a $105k salary with no 401k matching. The latter might be preferred since it gives you the choice of what to do with that extra $5k, but it gets tricky if you're nearing the contribution limits.
- Femur 17y agoI completely agree that total compensation is paramount. That is why i said "Next to base compensation..." I take both into consideration.
- anamax 17y ago> A $100k salary with up to 5% 401k matching is roughly the same as a $105k salary with no 401k matching. Not at all. The 5% match goes into the 401(k). The 5% extra salary doesn't. Note that 401(k) match also isn't subject to SS or medicare.