No. of Recommendations: 0
Greetings, Terry, and welcome. You wrote:

TMFpixy,
You stated that some employers would continue the match while others would not. I can't think of any reason or way that an employer could/would continue a match based on the scenario that C2Reed listed. If you miscalculate your contributions, that's it.


I repeat: It's entirely up to the employer. I have worked for more than one who could care less if I put my $10.5K in early. As long as I put in enough to receive the full match for the year, I got it. If the full match called for 6% of pay on my part for a maximum 3% match, the employer did not care when my dollar limit was reached. He matched 3% per pay period. If my contributions stopped in August (as they often did), because I had put in my 6% already for the year, the employer continued to do so. It all depends on how the employer wrote the plan document and how that document is interpreted by that employer.

Some employers are cheap. Some aren't. Most are.

Regards..Pixy
Print the post  

Announcements

The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement