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Quick 401(k) question:Follow

#1 Dec 24 2011 at 1:18 PM Rating: Good
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Does "Safe Harbor Matching Contribution. In order to maintain "safe harbor" status, your Employer will make a safe harbor matching
contribution equal to 100% of your elective deferrals that do not exceed 6% of your compensation. This safe harbor matching contribution
is 100% vested" mean that if I contribute 6%, they'll match the 6%?
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#2 Dec 24 2011 at 1:20 PM Rating: Excellent
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Yes, this means if you put in 6%, they match 6%. If you put in 8%, they match the first 6%. If you put in 4%, they match 4%.
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#3 Dec 24 2011 at 1:21 PM Rating: Excellent
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Awesome, thanks. Smiley: thumbsup

Just wanted to make sure since I've had to search for ages since it feels like the info is so obscured.
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Iamadam the Prophet wrote:

You know that feeling you get when you have a little bit of hope, only to have it ripped away? Sweetums feeds on that.
#4 Dec 24 2011 at 2:19 PM Rating: Good
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My employer doesn't match anything. That makes me a sad panda.

We also haven't had bonuses, profit sharing contributions, or raises in about 3 years...

Edited, Dec 24th 2011 3:19pm by TirithRR
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#5 Dec 24 2011 at 2:26 PM Rating: Good
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TirithRR wrote:
We also haven't had bonuses, profit sharing contributions, or raises in about 3 years...


It's been a good year here. I got all 3. :)
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R.I.P. Jessica M. 5/3/2010
This post brought to you by Carl's Jr.
gbaji wrote:
You guys keep tossing facts out there like they mean something.


#6 Dec 24 2011 at 2:30 PM Rating: Good
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BrownDuck wrote:
TirithRR wrote:
We also haven't had bonuses, profit sharing contributions, or raises in about 3 years...


It's been a good year here. I got all 3. :)
It's pretty great for me. I supposedly get all three (okay, the raises are a bit of a joke) and I'm a part-time retail worker :D
____________________________
Iamadam the Prophet wrote:

You know that feeling you get when you have a little bit of hope, only to have it ripped away? Sweetums feeds on that.
#7 Dec 24 2011 at 4:13 PM Rating: Good
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7,820 posts
My company matches 35% up to 6% depending on profitability. In 2009, they matched. Last year they didn't. Remains to be seen if they'll match this year.
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Sedao
#8 Dec 28 2011 at 1:03 PM Rating: Good
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My work doesn't have a retirement plan, but I get more than enough compensation to sock enough away in my own retirement accounts. But I do wish there was matching contributions.
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