Replies to post #3133 on Investor Help (NO Ihub questions)

[Gixene]

cixtrix,

Is that example yours or did your employee give that in the brochure? If they did maybe you have dollar for dollar matching and the limit is 18,500. Most employees offer the 50% plan which is .50 for each dollar you put in up to a certain percentage of your salary - usually around 5-6%.

I apologize. I misread the information. That number has to do with salary deferral. Which means I can pay pre tax on $17,500. After rereading the booklet here's what I found, word for word...

Matching Contribution

The Employer may contribute a discretionary percentage of the amount of your salary deferrals, which percentage we will determine from time to time. In applying this matching percentage, only salary deferrals up to a certain percentage of your compensation, as determined by us, will be considered.

It seems that no one employee has the same matching factor, which I find odd.