How Will Increasing My 401k Contribution Affect My Paycheck?
How Will Increasing My 401k Contribution Affect My Paycheck? If you increase your contribution to 10%, you will contribute $10,000. Your employer’s 50% match is limited to the first 6% of your salary then limits your employer’s contribution to $3,000 on a $100,000 salary. The total 401(k) contribution from you and your employer would therefore