my first 401k deduction

my first 401k deduction

Posted in the 401K Forum

toral

San Jose, CA

#1 Aug 15, 2011
hi,

i just came to usa and started a job and this month got my first 401 k deduction. My question is as below:

-My company matches 100% of first 4% of my contribution. I opted for 5% as my contribution. But in my first pay check, i saw that my company also contributed 5%.

Eg. My dedcution was $200 and my Company's contribution was also $200.

But if my contribution is 5%, and for me deduction is say $200, then my company's deduction (which is 4%) shoudl be arond $180 (or less than $200).

Can any one explain me this ??
Vinny

New York, NY

#2 Aug 30, 2011
You should check out http://investinged.com/art.php...
it will get you started on all you need to know about investing, and planning your retirement including your 401k.

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