redditalpha logoredditalpha
← Back to dashboard
Share
1100%
r/investingr/investing· u/Apart_Finger_6518· 2d ago 0

Help me understand these 401k terms

Investor summaryNeutral

User asks how to calculate the maximum 401(k) contribution per paycheck to get the full company match based on provided HR terms.

Post body

401(k) - Pre-tax Payroll deductions of up to 75% of your wages can be taken, Roth post-tax account is also available. 50% company match on every $1 up to 6% of your investment. Part-time and full-time employees are eligible to participate in the 401(k) the first of the month after working 30 days. Auto-enrollment occurs at 4% into Target Date Retirement Fund on 1st of the month following 60 days unless the employee takes alternative action, auto-increase each January to 10% maximum. Employees must take action to opt out of 401(k)

If I am making $1500 every paycheck and wanted to invest up to the maximum my company would match, how much could I invest out of each paycheck? The wording is throwing me off here.

Discussion · top comments
No comment snapshot fetched for this post yet.