401k Details

$
%
IRS max: $23,000 (2024)
%
%
Maximum % of salary employer will match
$
years
%

Retirement Balance

$0
Your Contributions $0
Employer Match $0
Investment Gains $0
Annual Contribution $0
Annual Match $0
Total Annual Savings $0

Understanding 401k Employer Matching

Many employers match a percentage of your 401k contributions, effectively giving you free money for retirement. For example, if your employer offers a 50% match up to 6% of your salary, they'll contribute $0.50 for every $1.00 you contribute, up to 6% of your salary.