The average company match for 401(k) retirement plan is _____ cents on the dollar up to 6 percent of pay.
A)50
B)40
C)30
D)20

Question

Quizplus · Accepted Answer

The average company match for a 401(k) retirement plan is typically 50 cents on the dollar up to 6 percent of pay. This means that for every dollar an employee contributes, the company will contribute 50 cents, up to a maximum of 6 percent of the employee's pay. For example, if an employee earns $50,000 per year and contributes 6 percent, or $3,000, the company will contribute $1,500.

The Average Company Match for 401(k) Retirement Plan Is _____