Details on Calculation of 401(k) Match

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

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GCU Magazine

Bible Verse

Therefore put on the full armor of God, so that when the day of evil comes, you may be able to stand your ground, and after you have done everything, to stand. (Ephesians 6:13)

To Read More: www.verseoftheday.com/