I have a simple question. I feel as though I should have the answer to it, but it's confusing me.
Here's a line from our employee manual at work: Matching Contribution. A Matching Contribution equal to 8% of Compensation will be made to exempt Employees contributing at least 5% of base compensation, and non-exempt Employees contributing at least 3% of base compensation paid on or after June 1, 2021
I am non-exempt. I am contributing 3%. Does this policy mean I can contribute up to 8% and it will be matched? Or, does it mean as long as I am contributing 3% they will contribute 8%?
Trying to decide if I can swing an 8% contribution. Thank you for reading!
Here's a line from our employee manual at work: Matching Contribution. A Matching Contribution equal to 8% of Compensation will be made to exempt Employees contributing at least 5% of base compensation, and non-exempt Employees contributing at least 3% of base compensation paid on or after June 1, 2021
I am non-exempt. I am contributing 3%. Does this policy mean I can contribute up to 8% and it will be matched? Or, does it mean as long as I am contributing 3% they will contribute 8%?
Trying to decide if I can swing an 8% contribution. Thank you for reading!
Statistics: Posted by anglophile — Wed Oct 23, 2024 8:59 pm — Replies 4 — Views 249
