What dollar amount do you get matched into your company 401k? My company just announced I’ll get $2,000 for 2023

likefunny
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That doesn't sound like a match - a match is usually some function of whatever you contribute (like 50% of whatever you contribute, up to a maximum of 6% of your Compensation). Is everyone getting the same contribution/% of compensation or does it depend on what you put in?

likesmart

I’ll probably get 15K, 7.5% of my TC for the year.

We get 7.5% contribution from the firm, not a match. Something they automatically pay us.

like

100% match up to 6% at Accenture

like

7.5% of TC deposited into 401k, no vest

like

167% up to 6%… yes, your read that right!

Example: I put $500 a month and Mastercard gets me extra $835 so I end up with $1,335 each month depsite only contributing $500.

Mastercard is the best tbh.

like

Niceee

4,000

$8.16k which is 100% match on 6%

A - 3%
SA - 4%
M - 5%
SM & D - 6%

So an SM would be getting 7.5% of their salary in a retirement plan assuming they put in 6%. If they put in 0%, they still get 6%.

Doesn’t hold a candle to what some are offered, but when you get to the higher pay of SM & D, I’d have to imagine this adds up pretty quick.

Is it a small firm? Sounds like more of that’s what they need to give you to pass non discrimination testing

I think mine is $10,500. Certain % of TC that is capped at that - pay it all on 12/31 though so the year you leave you get nada.

Usually it’s a % not an actual dollar amount

.... wow we have it pretty good

Yea. MBB benefits are wildly better than other firms

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