Details on Calculation of 401(k) Match

By Staff Report

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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Calendar of Events

M Mon

T Tue

W Wed

T Thu

F Fri

S Sat

S Sun

5 events,

2 events,

3 events,

1 event,

6 events,

7 events,

1 event,

8 events,

+ 3 More

1 event,

4 events,

2 events,

2 events,

5 events,

2 events,

5 events,

3 events,

4 events,

9 events,

+ 2 More

4 events,

2 events,

1 event,

5 events,

3 events,

4 events,

5 events,

2 events,

0 events,

0 events,

2 events,

1 event,

1 event,

3 events,

3 events,

0 events,

1 event,

+ 3 More
+ 2 More

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Bible Verse

All these people were still living by faith when they died. They did not receive the things promised; they only saw them and welcomed them from a distance. And they admitted that they were aliens and strangers on earth. (Hebrews 11:13)

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