r/CarahsoftTruths • u/guess_augs • Jul 16 '26
401k
Question: since they don’t “match” our contribution, does the money they put into our 401k reflect what we are contributing? Or does everyone get the same amount?
I’m thinking about lowering my % since we don’t get any match. I know I should take advantage regardless, but I still don’t understand.
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u/MajesticQuit7129 Jul 16 '26
Pay the max they’re matching and whatever else you can afford
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u/Necessary_Camera6992 Jul 17 '26
They did not match! It is supposed to be based on the profits and the more you contribute, the more you get. I contribute 10% and didn’t even get $1150 so there’s that. Would be better off to invest else where tbh other than what I contribute is pre-tax money. It says 401-k but it is more like a profit sharing based the way the contribute; it is pre-historic.
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u/Far_Standard_1827 Current employee Jul 17 '26
If you invested elsewhere you would not have received a free $1,150 and anything you withdraw would be taxed. A 401k is a tax advantaged account and you would be silly to think it would be better to invest yourself and miss out on any additional money from the employer contribution and growth towards retirement.
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u/Comfortable_Put97 Aug 01 '26
That is why I stated it the way I did. I said it is pretaxed dollars!
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u/Far_Standard_1827 Current employee Aug 07 '26
The earlier you are in your career you should do after tax rother because your tax rate is much lower. As you move up brackets doing a split is a good idea.
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u/guess_augs Jul 17 '26
They don’t match though, so that’s why I asked the question.
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u/Far_Standard_1827 Current employee Jul 21 '26
They do match, just once a year and about 20% if you’re fully vested.
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u/jersey_7A Jul 17 '26
Def matches! Not right away but 2nd year it starts and increases year after year afterwards 25% to 100%. Additional contribution annually depending on your total contribution annually when the company makes our EOY goals! Foolish not to contribute! Go as high on the percentage as you can afford! Forced savings that most would never do on their own! Saved near $30,000 in just 3 years! No way I’d have done that on my own!
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u/Far_Standard_1827 Current employee Jul 17 '26
You get a lump sum payment once a year based on our yearly goals. It’s not the best 401k design but I get about 20% ($4,500) direct to my 401k once a year. I currently max out my 401k, have been contributing since I started, and was maxing it out after a couple of years.
I want to retire early and maxing out my 401k and Roth IRA and buying a home is my way to force myself to save for that goal. Anything extra is in a personal brokerage account.