Identify When Your Employer Matches Your 401(k) to Maximize Your Benefits
In some cases, you may not get the full match until the end of the year. Your company offers a 1:1 match to your contributions, up to 5% of your gross salary. Assuming 26 paychecks in a year, your pre-tax pay is $4000. You would hit the $18000 limit on paycheck 18, having earned a match of $3600. LPT: Dont max your yearly 401k contribution early when your company offers a 401k match....