How do I maximize my employer 401(k) match?

Many employees are not taking full advantage of their employer's matching contributions. If, for example, your contribution percentage is so high that you obtain the $23,000 (year 2024) limit or $30,500 (year 2024) limit for those 50 years or older in the first few months of the year then you have probably maximized your contribution but minimized your employer's matching contribution.
Assumptions
Pay period frequency 
Current annual income ($) 
Age at end of year 
Primary Matching Schedule
Employer match (%) 
Up to (%) 
Secondary Matching Schedule (If applicable)
Employer match (%) 
On next (%) 

This information may help you analyze your financial needs. It is based on information and assumptions provided by you regarding your goals, expectations and financial situation. The calculations do not infer that the company assumes any fiduciary duties. The calculations provided should not be construed as financial, legal or tax advice. In addition, such information should not be relied upon as the only source of information. This information is supplied from sources we believe to be reliable but we cannot guarantee its accuracy. Hypothetical illustrations may provide historical or current performance information. Past performance does not guarantee nor indicate future results.

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