#matching contribution

Help us meet our Giving Tuesday match!

Our trustees have contributed $7,000 in matching funds which means that every dollar raised today up to that amount counts double.

Join this global generosity movement while supporting the FDR Library by:

- Texting a donation to 44-321 with code GIVE4FDR

- Making a recurring or one-time donation online: https://support.rooseveltinstitute.org/campaign/fdr-library-giving-tuesday-2021/c376281

- Signing up for or renewing a membership: https://support.rooseveltinstitute.org/event/fdr-library-membership/e196630/register/new/select-tickets

As, we all know this truth that most of the employees are not taking the benefits of their employer’s matching contributions. If your contribution part or percentage is very high that you can obtain the $17,500 limit or $22,000 limit for those who are older than 50 years  then you should maximized your contribution limit but minimized the employer’s matching contribution. The main purpose of this is to reach the IRS limit and maximize your employer’s matching contribution, so that you can maximize your take-home pay.

Points to be considered when selecting the 401k employer match.

  The demographics of the employee.

  If you have selected a vesting schedule, a portion of the match can be adjusted at a future date as it can reduce its effective cost.

  The 401k employer matching contribution offered by the employer.