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Old 05-06-2011, 03:17 PM   #21
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Wow, guys. I am definitely counting myself lucky that at my megacorp, the full match up to 6% is paid in full for the year, even when I max out earlier (I usually do so around September). I've done the math (twice) to make sure. I wonder if my company is in the minority for handling this well?

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Old 05-06-2011, 03:45 PM   #22
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Y'all are lucky having the matching, my two most recent employers have had 401ks with mediocre funds (sigh high expense ratios) and no match at all.
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Old 05-06-2011, 06:07 PM   #23
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Y'all are lucky having the matching, my two most recent employers have had 401ks with mediocre funds (sigh high expense ratios) and no match at all.
Exactly correct Retch. I consider myself fortunate to have a match and have no problem playing the game. As I ask my customers - If that's the only issue you have with our situation, let's deal with it and process the order.
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Old 05-06-2011, 07:36 PM   #24
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Our employer gives a 5% contribution, regardless if employees contribute anything. I feel fortunate they do so. Then I contribute quite a bit myself.
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Old 05-06-2011, 08:45 PM   #25
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My (former) employer matched up to 6% pretax and the over 50 contributions. If/When the pretax was maxed, the employer maxed up to 6% of taxed. After I retired the pension plan was frozen and the 401K match went up to 8%. Once you hit the highly comp ceiling it was all over.

You'd be surprised (or maybe not) at the number of employees who refused to contribute to the 401K.
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Old 05-06-2011, 10:06 PM   #26
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I would not be surprised at all. I try to encourage our employees to contribute all the time, but few do.
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Old 05-07-2011, 06:06 AM   #27
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I would not be surprised at all. I try to encourage our employees to contribute all the time, but few do.
My company is international and most of the employees are outside the USA, but I was told by the corporate HR manager that of the approx. 250 USA employees subject to the 401K program, I am the only one that maxes out the 401K and then of course the only one who takes advantage of the catch up.

Seems unbelievable to me, considering I am far from the highest paid employee.
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