Employer Match Meaning | Does Employer Match Count Towards 401k Limit?
With an employer match, the employer agrees to match a certain percentage of the employee’s contributions to their retirement account up to a certain amount. For example, an employer might offer a 50% match on the first 6% of an employee’s salary that they contribute to their retirement plan. This means that if an employee contributes 6% of their salary to their retirement plan, the employer will contribute an additional 3%.