Suggestions

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Employer matching contribution percentages in 401ks

A lot of employers do their 401ks with percentages - e.g. “companyname will provide matching contributions up to 50% of your contribution up to a maximum of 4% of your eligible compensation.” As it stands now in PL, we have to calculate the maximums ourselves as raw numbers. It would be helpful if we could put in those details as percentages rather than only having the option to do dollar values, and have those percentages calculate against our contribution.

4 votes

Tagged as Suggestion

Suggested 07 October 2024 by user Mohn Jadden

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  • 07 October 2024 Mohn Jadden suggested this task

  • 07 October 2024 Kyle Nolan approved this task

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    I would like to model automatic yearly increases to my 401k contributions. My employer allows me to set an automatic increase of 1%, 2%, or 3% each year for my 401k contributions. I would love to see this incorporated.

    03 October