BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN
Employer Match
An employer match is deemed as ‘free’ money wherein your employer contributes additional funds to your allocated retirement savings plan. The matching amount can frequently be several percentage points of your compensation. Don’t avoid this free salary ‘raise’.
In 2022, BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN allocates $305,984 to match its employees’ contributions, providing an employer match rate of 31.78% of their contributions
In 2022, the estimated average employer match for an employee in BAG MAKERS, INC. 401(K)/PROFIT SHARING PLAN is approximately $876