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Brown Cafe UPS Forum
UPS Retirement Topics
Retirement...contract talks
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<blockquote data-quote="UpstateNYUPSer(Ret)" data-source="post: 2216698" data-attributes="member: 12570"><p>Perhaps it is you who needs to read up on how a 401k match works.</p><p></p><p>When a company offers a 401k match, it means that they will match <strong>dollar for dollar</strong> your contribution up to a certain percentage.</p><p></p><p>For example, if the company does start to offer a 6% match, it means that it will match <strong>dollar for dollar </strong>your contributions, up to 6%. The key here is that you must set aside at least 6% to receive the full 6% match. If you only set aside 4% you will only receive a 4% match.</p></blockquote><p></p>
[QUOTE="UpstateNYUPSer(Ret), post: 2216698, member: 12570"] Perhaps it is you who needs to read up on how a 401k match works. When a company offers a 401k match, it means that they will match [B]dollar for dollar[/B] your contribution up to a certain percentage. For example, if the company does start to offer a 6% match, it means that it will match [B]dollar for dollar [/B]your contributions, up to 6%. The key here is that you must set aside at least 6% to receive the full 6% match. If you only set aside 4% you will only receive a 4% match. [/QUOTE]
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