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Frequently Asked Question

Does my employer have to provide a matching contribution?

Answer: No, a company has complete discretion as to whether or not they match your contribution. The match is a form of profit sharing. If your employer is not highly profitable, or if times are tough, they may elect to not match the contributions. The existence of a company match should not keep you from contributing to your 401k.

This is for educational purposes only. The information provided here is intended to help you understand the general issue and does not constitute any tax, investment or legal advice. Consult your financial, tax or legal advisor regarding your own unique situation and your company's benefits representative for rules specific to your plan.

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