Possible unclaimed employer match on 401(k)
Estimate$780 / year
Contributing 2% more of your pay could add about $780.00 a year in employer match, if your plan works as entered. Raising your contribution also lowers take-home pay.
Information used
- Employer match rate
- 50%
- Matched up to
- 6% of pay
- Your contribution
- 4% of pay
- Annual gross pay
- $78,000.00 ($3,000.00 x 26 paychecks)
Calculation
Gap = pay x match rate x (limit % - your %) = $78,000.00 x 50% x 2% = $780.00 / year
Assumptions
- A single percent-of-pay match tier, applied to gross pay.
- Vesting schedules, annual caps, true-ups and IRS contribution limits are not modelled.