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Author: JLC Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75778  
Subject: Re: How good is this? Date: 11/27/2003 10:27 AM
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My employer (a credit union) only matches 50% of up to 6% of my gross income in contributions to my 401k. I've heard of better matches than this, but am not complaining.

There are better matches, but this is still pretty good. Think of it as getting a 50% return on your money. For example, you put in $100, with their match, its now $150, with no extra work/risk on your part. Hopefully you are only contributing up to the match.

HOWEVER, they also contribute a percentage (6 1/2% last year) of my gross as a year end bonus. Is this an exceptional benefit? Do many companies do this? Seems pretty stout to me. Too bad I can only choose from about 10 equity funds. :~(

Nice extra benefit.


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