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Does my employer have to provide a matching contribution? Answer: No, your employer is not required by law to provide a matching contribution to a 401k or any other retirement plan. Matching contributions are a benefit some employers choose to offer as part of their retirement plan package to attract and retain employees. Employers can decide whether or not to match contributions, and if they do, they can set the terms of the match, such as the percentage or dollar amount of the match, and any conditions or vesting schedules attached to those contributions. This is for educational purposes only. The information provided here is intended to help you understand the general issue and does not constitute any tax, investment or legal advice. Consult your financial, tax or legal advisor regarding your own unique situation and your company's benefits representative for rules specific to your plan. |
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