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[quote=Anonymous][quote=Anonymous]Just got info on benefits for a possible new position. One was listed as the following: Fidelity IRA with up to 3% matching What exactly does that mean? I know there is probably a cap on how much I can put in to the IRA...is that a set amount based on federal regulations? (I know that's the case for the SEP-IRA I contribute to as a freelancer). And 3%...of what amount? Finally, is this typical...or better/worse than average for a small, for-profit company? [/quote] It means they match everything you put in up to 3%. so if you put 1% they also add 1% on your behalf. If you put 2, they add 2, and so up to 3. if you put 5 they will still only add 3.[/quote]
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