So my salary is less than 150k. But when it gets combined with bonus it is likely to be above 150k. Do I still get the 1% extra match?
Thank you!!
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Based on salary pay? Or salary plus bonuses?
@omp+1ewf3Ljx Doodie….
Since this is an annual look back, it should include all cash compensation, both for determine the discretionary match (if any) and the cutoff.
Wells hasn't declared an extra descrerionary match this year yet.
Y'all confuse me with your misunderstandings of how WF contributes to the 401k plan. I don't know what an "extra 1% match is". The matching contributions are $1 for $1 up to 6% of pay. There is no salary limit for match. The base contribution is 1% for employees making less than $75,000. The discretionary contribution is up to 4% for employees making less than $150,000. R-E-A-D.
Not even close, rich guy!
Cow towing? Is like cow tipping or something different?
"Spaulding"...
I believe the max salary for the 1% is 75k.
I think the limit is 75 or 100, can't remember.
You will get nothing, and like it.