SACRED HEART UNIVERSITY DEFINED CONTRIBUTION 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, SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN allocates $5,244,123 to match its employees’ contributions, providing an employer match rate of 81.60% of their contributions

In 2022, the estimated average employer match for an employee in SACRED HEART UNIVERSITY DEFINED CONTRIBUTION PLAN is approximately $2,329