Guest Wedge1 Posted January 27, 2007 Posted January 27, 2007 This question probably reveals how novice I am to 401K: My employer will match 40% to each dollar I contribute to my 401K. Does this mean that I can contribute X amount of dollars from my checking account to the 401K and receive the 40% match from my employer (providing that X doesn't exceed the limit, of course)? Or does the employer matching strictly occur when the contributions I make are taken directly from my pay check at each pay period?
Tom Poje Posted January 29, 2007 Posted January 29, 2007 you can not put money into a plan from your checking account, any contributions on your part must come from your paycheck.
Guest Wedge1 Posted January 30, 2007 Posted January 30, 2007 Okay, thanks a lot. That's what I thought. Had to be certain though.
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