Is this considered a good 401K match?

I don’t know what a good 401K match is, so I’m hoping you all can help.

I got an offer of $55,000.

According to their policy, I would have to contribute 5% of my salary and then they contribute 10% of my salary for a $5,500 contribution from them per year. The match has no cap, so if I get a raise, the match will continue to scale up.

Compared to most 401K matches, is this considered good, average, or bad?

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Is this considered a good 401K match? Is this considered a good 401K match? Reviewed by Louhi on septembre 06, 2021 Rating: 5

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