Amazon added a non-compete after the employee entered the U.S. on an L1B visa

Re:Amazon added a non-compete after the employee entered the... by seanmcdirmid on Sunday June 14, 2020 @05:41PM (#23521623)

19,500 is your contribution, I think employer matches are limited to 50% of that (at least mine is, so something like 28,750/year total). The contributions are pre income tax (but not pre-Payroll tax), you pay income tax on the out (but not payroll taxes), when you’ll likely be in a much lower tax bracket.

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Re:Amazon added a non-compete after the employee entered the... by Thorrez on Sunday June 14, 2020 @09:07PM (#23522875)

> I think employer matches are limited to 50% of that

No, I they can be much higher than 50%. I think the NFL does a 200% match.

There is a $56,000 total limit though of employee + employer contributions. So assuming that an employer wants to do the max match that still has the employee contribute 19500, then that employer should have a (56000-19500)/19500 = 187% match.

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Re:Amazon added a non-compete after the employee entered the... by seanmcdirmid on Sunday June 14, 2020 @10:38PM (#23523275)

Oh wow, that’s nice. I guess my employer is just not doing the max then.

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