Quote:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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<edit for my dumb math>

I believe what this is stating is that they will give you rate range match up to 6%

For example if 10% to your 401k = $100

So you contribute $100.... They will do a percentage (not 1 to 1) match on $60 (6%) ....matching 25% to 75% (ie. $15 to $45)

Somebody correct me if I'm wrong on how I'm reading this.

<My company does a 100% match up to 5%>

going long on FAANG and LIT, threw some more at travel stocks. thinking it will pan out in Q4

JDTxAg98 said:

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Quote:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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<edit for my dumb math>

I believe what this is stating is that they will give you rate range match up to 6%

For example if 10% to your 401k = $100

So you contribute $100.... They will do a percentage (not 1 to 1) match on $60 (6%) ....matching 25% to 75% (ie. $15 to $45)

Somebody correct me if I'm wrong on how I'm reading this.

<My company does a 100% match up to 5%>

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"I think" there's something missing in that 25% to 75% explanation.

A former company I worked for had similar phrase-ology in the 401K program like what is described by OP and here's how it worked for us.

Used your contribution numbers.

10% Contribution $100
6% Match $60 (not 1 to 1) from 25% to 75%, could equate to
1st 2% = $20 X 25% = $5
2nd 2% = $20 X 50% = $10
3rd 2% = $20 X 75% = $15

This type of scale was used for about 5 years in our program (different total match and percentage tiers but same principle) until complaints/confusion finally ended it.

chaca5151 - I think you are missing some info from the company for clarity sake.

chaca5151 said:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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It means your company wants to be able to say they offer 6% matching to sound good to prospective employees, without actually having to match 6% of employee contributions.

If you're contributing 11% you should be maxing out the match, whatever it actually is, but it's not a full 6%. You'll either need some more data from HR on exactly what contrbutions get matched at what percentage, or spend some time going through your compensation data in detail to work the math yourself to know what the actual employer match amount is.

John Francis Donaghy said:

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chaca5151 said:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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It means your company wants to be able to say they offer 6% matching to sound good to prospective employees, without actually having to match 6% of employee contributions.

If you're contributing 11% you should be maxing out the match, whatever it actually is, but it's not a full 6%. You'll either need some more data from HR on exactly what contrbutions get matched at what percentage, or spend some time going through your compensation data in detail to work the math yourself to know what the actual employer match amount is.

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Your company is cheap AF. I wouldn't work there. They're basically saying they'll match 1.5% to 4.5%, but that you must contribute 6% or more to get the maximum match.

If they match in company stock, run for the hills.

RenoAg said:

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$30,000 Millionaire said:

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John Francis Donaghy said:

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chaca5151 said:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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It means your company wants to be able to say they offer 6% matching to sound good to prospective employees, without actually having to match 6% of employee contributions.

If you're contributing 11% you should be maxing out the match, whatever it actually is, but it's not a full 6%. You'll either need some more data from HR on exactly what contrbutions get matched at what percentage, or spend some time going through your compensation data in detail to work the math yourself to know what the actual employer match amount is.

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Your company is cheap AF. I wouldn't work there. They're basically saying they'll match 1.5% to 4.5%, but that you must contribute 6% or more to get the maximum match.

If they match in company stock, run for the hills.

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I would've thought creating incentive to get employees to contribute at least 6% to get the maximum match is actually good policy. Usually looks like dollar for dollar on first 3% then 50% on next 3 percent. Otherwise if it were dollar for dollar to get to the same 4.5% match, too many would only contribute 4.5%. Really curious to understand your point of view. But I agree on the matching with company stock assessment. That's generally a really bad idea for multiple reasons.

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I am interpreting the match as being variable subject to management decisions or company performance. So a good year would be 75% of 6% = 4.5%, and a bad year would be 25% of 6% = 1.5%. If I didn't interpret right, that's great news.

I worked for an outfit that tried that crap once along with other benefit reductions post an acquisition. The way it was communicated as well was very insulting - we will keep your contributions the same as long as you meet <unachievable performance goal>. Similar logic on bonuses. Company is now defunct. I run into the former CEO from time to time and I mock him about it every time I see him.

That's about what the military for the blended program. Match up to 4.6% at the 5% mark.

McInnis...

How are you liking the Redler Premium trial?

PLTR touching below $25 premarket. Will it drop lower?

FJ43 said:

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McInnis...

How are you liking the Redler Premium trial?

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The amount of information he puts out on a daily basis may be second to none. He gives you a boatload of his charts with his levels all marked. You should be able to markup your chats with this and make actionable decisions with his info.

It's impressive

FJ43 said:

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Spaceship said:

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PLTR touching below $25 premarket. Will it drop lower?

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McInnis jinxed it

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I may have made a good decision. Y'all duck and cover

Yields are bucking higher here again today. Growth gonna get hit?

SKEW

Not sure anyone has posted this but was digging in this morning. Note to myself when doing this...might should pay attention to history here.

Notes on hedging per OA notes I have.
Above 140 level time to be aware.
We are at 142.56
Yellow Vertical Line = Beginning 2020
Red Vertical Lines = Precedes pullback (didn't show all but enough)
Blue Line = NDX
Purple Line = SPX

Not sure if anyone else follows him.

We are testing Mancini's must hold line at the moment on SPY. 394.60

chaca5151 said:

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Can someone help me understand this... from my company.

The company match is normally based on the first 6% that you contribute from each paycheck and ranges from 25% to 75% of your match able contributions during the Plan Year.

I don't understand the 25% to 75% part. I currently invest 11% of my paycheck.

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Thanks to everyone for their insight; I'm glad I wasn't the only confused on this. It's verbatim off our company website.

I want to match my company 6%, use the remaining 5%, and put it into a Roth IRA to handle myself. Thoughts? Like I said above, my total contribution to my 401k is 11% currently.

What spy hedge looking at for may? I'd assume April is too close and I already have iwm hedge for April
Last spy hedge I held was 335

FOMC minutes leak? Futures cratering since 0530

The closer the 10 yr gets towards 1.75-2% the closer we start seeing this economy really slow down. Housing starts will be the indicator to focus on because it fuels growth in so many industries.

high beta already way down today premarket. if its gonna tank, let it tank hard for a day so I can buy some good stuff. But here's to a swift and badass recovery again after that!

Oof, beta stocks taking it on the chin in premarket