If you haven’t guessed, the free money for retirement I’m referring to was an employer match on 401(k) contributions. In this case, part of the money I received also included a type of profit-sharing into our 401(k) which I’ll talk about momentarily.
Here was the breakdown on my statement ending on March 31, 2019:
- Employer Match: $149,989.13
- Profit-Sharing: $31,444.36
- Total: $181,433.49