Viewing a single comment thread. View all comments

[deleted] OP t1_iyeds16 wrote

[deleted]

1

Wolf7Children t1_iyefw8y wrote

No it is 17%. Thinking about it in thousands, assuming 100k salary, let's assume he went for the max percentage that's match eligible, so 12%. So that's $12k. So for the first 5k (ie, 5%) they match it at 200%, meaning they put in double that, so 10k. So already his total is at 15k (5 him + 10 them).

Now for the rest, 12k - 5k = 7k. So that 7k (which is the 6-12% range), they match 100%, so 7k.

So in total, we have 12k from him, and 17k (10+7) from them. Or, 12% and 17%. So yeah, 17% is the maximum match he can get.

2

jsalley t1_iyehupb wrote

u/Paradox868, you keep saying (and emphasizing) "UP TO 5%". I see nowhere in OP where it says UP TO. Not once. OP SAYS: "New Job: 200% on first 5%, 100% between 6% - 12%" So if employee puts 12%: 1+1+1+1+1+1+1+1+1+1+1+1=12 The employer matches 200% (DOUBLES the first 5%), and then matches percentages 6-12: 2+2+2+2+2+1+1+1+1+1+1+1=17

1