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Maximizing Your Employer 401(k) Match - The Balance

Feb 10, 2020 · Dollar-for-dollar match up to 5 percent: Your company might contribute a dollar for every dollar you put in your 401(k) plan until you reach a total of 5 percent of your gross pay for the year. So if you earn $50,000 and you contribute your 5 percent to the plan—$2,500—your employer will do its 100 percent match—also $2,500—and you'll have a total of $5,000.…

401k Plans Deferrals and matching when compensation ...

Nov 12, 2019 · 401k Plans Deferrals and matching when compensation exceeds the annual limit 401(k) Plans - Deferrals and matching when compensation exceeds the annual limit ... Example: Your plan requires a match of 50% on salary deferrals that do not exceed 5% of compensation. Although Mary earned $360,000, your plan can only use up to $280,000 of her ...…