UTAH MANUFACTURERS ASSOCIATION 401(K) PROFIT SHARING MULTIPLE EMPLOYER 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, UTAH MANUFACTURERS ASSOCIATION 401(K) PROFIT SHARING MULTIPLE EMPLOYER PLAN allocates $1,267,506 to match its employees’ contributions, providing an employer match rate of 47.94% of their contributions

In 2022, the estimated average employer match for an employee in UTAH MANUFACTURERS ASSOCIATION 401(K) PROFIT SHARING MULTIPLE EMPLOYER PLAN is approximately $1,420