Company only matches 10% of what I invest...If I invest 2k a year they match me with $200, but with that $200 im only vested in %20 of that...so inturn it comes out to about a whopping total of $40 that I actually have gained...total crap

 

i dont even have 401k. our pres bought the company from his dad a few years ago and got rid of retirement and cattered lunches. asshole :chuckles:

 

They don't have to match anything if they don't want to. Matching isn't required.

 

Are you sure it isn't 10% of your paycheck and not 10% of what you invest?

 

I called the head in charge of 401k....He said my company chooses what to match at the end of the year..It can be 100% or 0% at their discretion...and @ $30 a week im only bringin in $250 a week...So its kinda killin me right now....He said they only match what I contribute not 10% of my total pay

 

well obviously, if you're not putting any in, they wont. But most companies will match any contributions up to a certain %...for the company I work for, it's 6%.

 

Well at this point in life I dont see myself working here til i retire...and I certainly dont make enough money...so i hope this interview goes well next friday

 

401ks rollover to future employer's 401k plans or into IRAs.

 

The cost is greater than the benefit right now

 

if it's exactly what you're saying, your company sucks.

about 50% of companies match their employee's 401 contributions at rate of up to 6% of worker's SALARY.