At my company they offer 1/2 of what I put in up to me 10% and them 5%. It isn't specifically stated in the handbook but it was just known through word of mouth. I initially put in 10% through my first year just to get the match.
Recently I've been set on retiring earlier so I decided to up my contributions to 25%. The HR lady physically came up to me to make sure it wasn't a typo in my email. She even made me put in writing that I wanted to change my contribution from 10% to 25% and wanted to tell me that I would still only get 5% from the company. Apparently it is extremely uncommon if not unheard of for employees to put in over 10%.
I just checked my 401k transactions and saw that not only did I get my 25%, but the company matched 1/2 of that and contributed 12.5%.
Now, I had heard in the past that they will match 1/2 of what I put in up to $5,000 total. That makes me hesitant to say anything in case I'm grandfathered into the old plan. And I can't really believe the HR lady because she just repeats what she has heard through word of mouth. Nothing is in writing anywhere and I can't talk to anybody about it because nobody knows what is going on. Our plant is a remote location from a company in a foreign country.
What do I do?
Edit: Can they come calling for it at a later date? How do returns and losses affect that? If they give me $500 and try to take it away but the market tanks, do they still take $500 or a "market adjusted" $500?
Submitted March 31, 2019 at 11:36AM by PM_ME_YOUR_KlTTlES https://ift.tt/2WG24iB
