We have historically made a discretionary matching contribution
to our 401(k) plan to increase our aggregate matching contribution
to 10% of our net income, and we believe that this year's discretionary contribution will increase more than it would have otherwise due to a lower 2018 effective tax rate under the Tax Cuts and Jobs Act.
According to a recent Callan survey, 19 percent of plan sponsors either reduced or eliminated their company's matching contribution
In other words, the Company will make a dollar-for-dollar matching contribution
on your contributions up to 1% of eligible pay (100% of 1% x $2,000, or $20) plus a 50^-per-dollar matching contribution
on your contributions between 1% and 6% of eligible pay (50% of 5% x $2,000, or $50).
Many studies have shown that companies can raise participation rates by increasing the company's matching contribution
The employer makes a matching contribution
to the savings plan.
VENTURA -- A Ventura County display of photographs and information in the state Capitol is being upgraded under a $20,000 project funded by Ventura County and a $10,000 matching contribution
from the Meissner Filtration Products Co.
To be a qualified automatic enrollment feature, the plan must provide for either an employer matching contribution
or a profit sharing contribution.
According to the proxy, the increase included a $10,953 401(k) plan matching contribution
, $297,096 deferred compensation credit for matching contributions
that could not be made to the 401(k) plan, $900,826 reportable earnings on deferred compensation and $2,832 paid for life insurance.
While cutbacks in company matching dollars have been widely reported, and occasionally blamed for the drop in participation, the survey found that the vast majority of employers have made no change in the level of their matching contribution
Within certain parameters, a plan sponsor can revise the matching formula, but matching contribution
rates cannot be increased as the rate of pretax contributions increases.
have raised over $11,000, including a matching contribution
from the firm, for a woman whose relatives were killed in Kosovo.
98-22 (which prescribes standard correction methods for plans availing themselves of the streamlined "Standardized VCR Procedure" (SVP) under VCR), the only authorized correction method for the improper exclusion of an employee from an elective 401(k) plan is for the employer to make a contribution to the plan on behalf of the employee equal to the "actual deferral percentage" for the group of either highly or non-highly compensated employees to which the employee belongs and to make additional contributions for any employer matching contribution
or voluntary non-401(k) contributions that the employee could have made, on the same group-average basis.