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403B match is in

March 5th, 2009 at 06:19 am

Saving log - $0
Spending log - $5 lunch + $13 groceries

Today was an off-site training day, and the training site was about a block away from Remo Borrachini's, so DJ friend and I bought and ate a lunch there at the little cafe, ferociously tempted by all the cakes and Italian pastries.

In more fiscal news, our contributions are matched .50:1, our max is 8%, so a 4% contribution. However, this match is put into our accounts yearly, in March. I looked and found that our match from the 2008 contributions was put in. Excellent timing because it bought stocks at a relative low.

2 Responses to “403B match is in”

  1. frugaltexan75 Says:
    1236265814

    At my previous company, our 401k was matched .25/1 up to a 4% contribution max - so basically a 2% match.

  2. monkeymama Says:
    1236271309

    Woohoo!

    My boss always matches September (March is deadline unless entity's tax return is extended - then it's September).

    So last year, for the first time ever, he did it in March. Figures! (Could have bought low in September). I wonder what he will do this year. BAck to September, forever, I would guess.

    I basically have to wait 6 more months to see if he will be generous as usual - we get 10% of compensation usually. 3% is the minimum - completely discretionary. (Before you get jealous - I don't have health benefits - nor any other benefits to speak of - so it's about a wash).

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