Details on Calculation of 401(k) Match

March 06, 2013 / by / 0 Comment

Here are a few examples to help GCU employees understand how the 401(k) match is calculated. These examples are based on annual compensation of $30,000

Amount of Employee’s Contribution in 2012

Amount of GCU Matching Contribution for 2012


Explanation

$900
(3% of $30,000)

$270

GCU matches 30% of $900

$1800
(6% of $30,000)

$270

GCU match is only based on the first 3% you contribute

$600
(2% of $30,000)

$180

GCU matches 30% of $600

 


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