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Calculating 401) Matching Contributions Companies decide whether to institute iching contributions Ones that offer matching contributions do so merous sons including recruitment and retention of the most valid didals Asso companies choose the formulas for making contributions and seting mamins. Here were common approaches for determining matching contributions Pull match: The employer fly matches an employee's contribution to the 40% plan account up to an anturt set by low For strative purposes an employee earning 35.000 annually combles $2000 to her 4010 Then the company's matching contribution equals 52000 Fixed dollar match The employer deposits $1 for every 31 the employee contributes up to a specified in for a percent of pay One employee contributes percent of her $100000 paying $3000 percent $100000) The employer comes the same amount Another employer contributes 10 percent of his 100000 pay equing $10000 (10 percent $100000) in the case the company dels $500 percent $100000 the plan specifies a 5 percent matching contribution man Variable dollar match: The employers contribution decreases as an employee's corbution increases for complean employer right deposit 1 for every on the first percent of pay contributed by the employee and 50 cents per dollar on the next 3 percent of pay An employee who carns $100000 annually contributes 6 percent to the 401 plne using 96000 percent $100000) The employer contibes a lot of 4500 151 percent $100000+ 180.50 percent $100.000 Now let's calculate the employers matching contributions for three employees Ananda Shoyu and Onlarge method Amanda ca 52.900 annually and does not contbute anything to the 401k plan Shyu earns $1250 annually and contributes 7 percent of pay to the 40 plan Onlar cars 4800 arrually and consultes percent of pay Under the ful match approach the employer's contribution for Round your answers to the nearest hundredths place a Amanda bShop car The Total Dor Contrbution to each employees 40 account as tolos 6. Ananda Shy s Orkar Calculating 401) Matching Contributions Companies decide whether to institute iching contributions Ones that offer matching contributions do so merous sons including recruitment and retention of the most valid didals Asso companies choose the formulas for making contributions and seting mamins. Here were common approaches for determining matching contributions Pull match: The employer fly matches an employee's contribution to the 40% plan account up to an anturt set by low For strative purposes an employee earning 35.000 annually combles $2000 to her 4010 Then the company's matching contribution equals 52000 Fixed dollar match The employer deposits $1 for every 31 the employee contributes up to a specified in for a percent of pay One employee contributes percent of her $100000 paying $3000 percent $100000) The employer comes the same amount Another employer contributes 10 percent of his 100000 pay equing $10000 (10 percent $100000) in the case the company dels $500 percent $100000 the plan specifies a 5 percent matching contribution man Variable dollar match: The employers contribution decreases as an employee's corbution increases for complean employer right deposit 1 for every on the first percent of pay contributed by the employee and 50 cents per dollar on the next 3 percent of pay An employee who carns $100000 annually contributes 6 percent to the 401 plne using 96000 percent $100000) The employer contibes a lot of 4500 151 percent $100000+ 180.50 percent $100.000 Now let's calculate the employers matching contributions for three employees Ananda Shoyu and Onlarge method Amanda ca 52.900 annually and does not contbute anything to the 401k plan Shyu earns $1250 annually and contributes 7 percent of pay to the 40 plan Onlar cars 4800 arrually and consultes percent of pay Under the ful match approach the employer's contribution for Round your answers to the nearest hundredths place a Amanda bShop car The Total Dor Contrbution to each employees 40 account as tolos 6. Ananda Shy s Orkar