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Old 11-09-2017, 02:16 PM
nox nox is offline
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Join Date: Nov 2017
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Default 401k matching - x% of contributions not exceeding x% of compensation

Hi,

My company has a 401k matching policy that reads as:

50% of the first 4% of elective contributions not to exceed 2% of compensation

To me this sounds like:

"50% of the first 4% of salary not to exceed 2% of salary"

What am I missing here? I'm trying to meet my exact employer match before end of year and this is making it a bit hard to understand. Can I dump 2% of my salary into my account in the next pay cycle, and meet my match of 2%?

Thanks!
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