Current Events > How much does 401k matching increase the labor budget?

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Cotton_Eye_Joe 05/07/24 12:07:32 PM #1:	Like 1% match. --- Starfield is a 7/10. Get over it. <cite>Cotton_Eye_Joe posted [p:980282388] in How much d... [t:80764277]...</cite> <quote>Like 1% match. </quote> ... Copied to Clipboard!
emblem-man 05/07/24 12:13:46 PM #2:	Hmm, I'm curious as well. I guess it's by whatever the percentage is for each individual worker? Like, if you have a 6% match, that's essentially your salary + 6% that the company is paying towards your total compensation. +/- tax stuff (as in, they then don't have to pay payroll/social security tax on that 6%). I wonder if it's a net benefit for the employer to increase 401k matching rather than increasing wage --- http://avatar.xboxlive.com/avatar/emblem%20boy/avatar-body.png haters gonna hate <cite>emblem-man posted [p:980282498] in How much d... [t:80764277]...</cite> <quote>Hmm, I'm curious as well. I guess it's by whatever the percentage is for each individual worker?Like, if you have a 6% match, that's essentially your salary + 6% that the company is paying towards your total compensation. +/- tax stuff (as in, they then don't have to pay payroll/social security tax on that 6%). I wonder if it's a net benefit for the employer to increase 401k matching rather than increasing wage </quote> ... Copied to Clipboard!
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