Washington 12/05/2016 @ 12:08PM 51,084 views. How Defense Secretary James 'Mad Dog' Mattis Will Remake The Pentagon. President-elect Donald J. Trumpâs disclosure that he will seek to name retired Marine Corps General James N. Mattis as the next Secretary of Defense portends big changes at the Pentagon.
This match is typically a 100% match up to 3% and then a 50% match from 3% to 5%. With this match, an employer would match dollar-for-dollar up to 3% of the employee's salary the 50 cents on the dollar for anything above 3% and below 5% of their total salary.
Variations among 401(k) matching contributions are likely. A common employer matching formula is 50% of 401(k) employee deferral contributions, based on a maximum employee deferral rate of 6% of compensation. The following should always be considered when determining the match:1. The anticipated effect of a match with regard to attracting and retaining valuable employees.mployers must first determine whether they should provide a matching contribution on employee deferral contributions and, if so, the amount. Many experts advise beginning with no match or a low one since a 401(k) matching contribution can easily be increased but may be difficult to reduce.