Is There A Matching Employer Contribution Limit For An Ira?
An employer will make the decision to have matching contributions into your Ira or 401K plan in order to entice the employees in investing part of their paycheck in a retirement plan but there are limits that the employer can match. The Ira contributions cannot be more than 3 percent of your income even though the employee does not the same limitations. The employee could be taking 3 percent and the company will have to match it but if the employee takes 4 percent or more than the employer would only have to match the 3 percent. But this is still beneficial to the employee.
