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

Calendar

Calendar of Events

M Mon

T Tue

W Wed

T Thu

F Fri

S Sat

S Sun

0 events,

0 events,

0 events,

0 events,

0 events,

0 events,

0 events,

3 events,

Herd Camp

Herd Camp

3 events,

3 events,

2 events,

1 event,

2 events,

1 event,

8 events,

6 events,

6 events,

5 events,

1 event,

1 event,

1 event,

4 events,

4 events,

4 events,

4 events,

3 events,

1 event,

1 event,

0 events,

0 events,

0 events,

0 events,

0 events,

1 event,

1 event,

View Calendar

GCU Magazine

View Current Issue

Bible Verse

"Do not bring a detestable thing into your house or you, like it, will be set apart for destruction. Utterly abhor and detest it, for it is set apart for destruction." (Deuteronomy 7:26)

To Read More: www.verseoftheday.com/