How is the 401K calculated?
APC Matches up to 6%
- 4% even if you don’t contribute anything
- 6 to 10% based off you age to a low yield account linked to 30 year TBill with min 3% return.
Yes, that’s a total 22-26% a year
5 replies (most recent on top)
Monahans Waterburger has a sign at $20/hr with 8% 401k matching.
You will be gone soon, so why does this matter? Check out the 401k plan at Whataburger - that is more realistic for you.
@108ypE7l-2qfj - yes it's on top of the 7% 401k match.
Is the 7 - 12% on top of the 401K match?
401k is 7% match for 5% contribution. Retirement plan is 7%-12% depending on salary.