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Financial Planning / Foolish 401(k)s

URL:  https://boards.fool.com/thank-you-all-maybe-i-explained-this-wrong-i-16142674.aspx

Subject:  Re: matching funds Date:  11/20/2001  6:01 AM
Author:  FixitWoman Number:  13670 of 26351

thank you all. Maybe i explained this wrong. I can contribute up to 15% of my salary, but the company contributes only up to the first 4%. If I contribute 4% fo my salary, they contribute 4% but from my total contribution. That is 4% from my 4%. Not much. If I give to the plan $100, their contribution is only $4 for a total of $104.


What's 4% of your salary? How does the $100 come in? Is that 4%, 10%, 25% of your salary? Try this equation:

Gross Income x 4% = $How much your employer could pay.




Kim

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