I have never enrolled in a 401K plan. The company I am interning for offers a plan where they offer a matching contribution equal to 50% of the first 4% of compensation.
Does this mean that if I made $50,000, they would contribute $1,000? (50,000*.04*.5)
Also, I wanted to get an idea of what common 401K plans offer.
Thanks
Does this mean that if I made $50,000, they would contribute $1,000? (50,000*.04*.5)
Also, I wanted to get an idea of what common 401K plans offer.
Thanks
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