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Matching contributions

Many companies will match employee contributions to a 401(k) savings plan, either dollar-for-dollar or a certain percentage. Many companies will match up to 3 percent, with some going as high as a 6 percent match. 

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  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Banking
  • Category: Savings
  • Company:
  • Product:
  • Acronym-Abbreviation:
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