Employer Benefit Match Clarification
Summary
If you contribute 12% of your salary, the company is obligated to match 50% of your contribution up to a maximum of 6% of your total salary. So, you would get a 6% match.Full Conversation
Can you help me interpret the wording of my employer benefit. The employer contract says "X company matches *% of each contributed dollar up to a maximum of *% total salary." It also says "X company offers an employer match rate of *% of each contributed dollar, up to *% of your total pay." If I contribute *% of my salary, am I entitled to *% match?
Hello ****, based on the wording of the contract, if you contribute *% of your salary, the company is obligated to match *% of your contribution up to a maximum of *% of your total salary. So, you would get a *% match.