Re:Let employees sell their equity
by nfriedly on Friday September 11, 2020 @07:52AM
(#24441663)
Yes, seriously!
The IRS rules for 401k plans allow for the employer to put in twice as much as the employee - that's the only way to hit the maximum. But employers didn't seem to get the memo.
My current employer advertised a 2-to-1 401k match, which was a big selling point until I learned that it was capped at $4800/year. And then even that went away because of COVID :(
I've considered going back to consulting a couple of times just to be able to give myself a proper 401k match.
The IRS rules for 401k plans allow for the employer to put in twice as much as the employee - that's the only way to hit the maximum. But employers didn't seem to get the memo.
My current employer advertised a 2-to-1 401k match, which was a big selling point until I learned that it was capped at $4800/year. And then even that went away because of COVID :(
I've considered going back to consulting a couple of times just to be able to give myself a proper 401k match.