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Old Sep 21, 2007 | 06:55 PM
  #19  
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RB
snitches get stitches
 
Joined: May 2002
Posts: 49,696
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From: Portland, OR
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Originally Posted by THEOLDMAN
They are allowed to match up to 6% of your pay, but they don't have to contribute anything there is no law saying they have to. Some employers do a 2 for 1 match and I've seen some as high as 5 to 1. In order to get anything out of the match though you have to be vested for a certain number of years, but most match up to 1:1. You can contribute up to 15% of your pay before taxes but the employer can only match up to 6%.
I don't recall saying that companies had to match.
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