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It is up to employers to
decide how they will match employee contributions, if they do at all. Each 401(k) plan is
different, and the rules are explained in what is called the Summary Plan Description.
You can get a copy of your plan's Summary Plan Description from your HR or Benefits
representative. In this document there should be a definition of "compensation"
which describes the types of pay that the employer will match. The most common types are
salary and overtime, but the definition could also include commissions.
You should raise any questions relating to your plan with the HR or Benefits
representative at your company. |
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