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0 pointsbunabhucan2y ago0 comments

How did their 401k match work?

0 comments

They used to wait until end of year to match funds until recently they switched to monthly matching. So if you left before end of year, your match didn’t pay out iirc. Now they’re getting rid of 401k matching entirely so suppose it’s a moot point.

UncleOxidant2y ago

Didn't they get to write off their contribs to the 401k? And if they're now contributing to the RBA instead would they still get to write that off?

Rebelgecko2y ago

I think outside of a few edge cases employee compensation is always a writeoff for the employer

pinewurst2y ago

You had to be there on 12/15 of each year to get it, else zip.

jonfw2y ago

last year they started monthly matching, of course they ruin everything a year later

pinewurst2y ago

Almost certainly they reverted to monthly to clear any hypothetical carried balances that could interfere with their new scheme.

j / k navigate · click thread line to collapse

0 comments

lisplist2y ago

UncleOxidant2y ago

Didn't they get to write off their contribs to the 401k? And if they're now contributing to the RBA instead would they still get to write that off?

Rebelgecko2y ago

I think outside of a few edge cases employee compensation is always a writeoff for the employer

pinewurst2y ago

You had to be there on 12/15 of each year to get it, else zip.

jonfw2y ago

last year they started monthly matching, of course they ruin everything a year later

pinewurst2y ago

Almost certainly they reverted to monthly to clear any hypothetical carried balances that could interfere with their new scheme.

j / k navigate · click thread line to collapse