A question about 401k plan?

Question

Hello,

I am new in 401k plan and i have a questions:

My contribute is 8% and my employer match is 4%. What does it means? for example : if my weekly contribution is to say 50$ ..how much is paying my company for me?

Thank you

Answer 1

if you contribute 8% of your salary, and your employer matches 100% of the first 4% of your salary you contribute, and you're 8% works out to $50, then your employer is adding another $25 to that, and will add that $25 as long you you add at least $25.