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Reply to "Employer 401k Match"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Big tech - 50% up to the federal limit so I put in 24,500 and they put in 12,250. Big tech also supports the back door for after tax contributions so you can put in another 35k into Roth. [/quote] Wow! Honestly I expected more from big tech. You mean like meta or Amazon or apple? I’m the one above with a pension and 10% base (no match necessary). We also do backdoor roth - but if you make enough the company tops up your annual contributions for you. I always thought big tech would be ahead of the other ‘big’ industries - where I am[/quote] Yeah the 401k match is good, but not amazing. I think meta offers 100% match on 50% of the limit so you don't need to contribute 24.5 to get the full match. One perk is you can max at any time (ex. Early in the year with a bonus or late in the year by cranking up contributions to 100% of your pay). Before true-ups were common that meant you had more flexibility than salary match. Lots of details on levels FYI, https://www.levels.fyi/blog/ranking-faang-401k-plans.html The moderate 401k match is offset by the generally much higher compensation, access to the backdoor, quick or immediate vest, and available funds being negotiated to very low rates (even auto managed target funds are 0.03%).[/quote]
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