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Matching 401K Percentages


1 comment

  • Official comment
    Victor D

    Hey Steve,

    Thanks for reaching out to NerdWallet; that's a great question!

    We don’t currently have any resources to help with fractional percentage 401(k) contributions. I did some online searching, and it appears that some 401(k) providers simply choose to restrict contributions to whole number percentages. Speaking with your employer's human resources department may be helpful.  

    Something that may work is just doing some basic mathematical juggling. For example, a person could contribute an amount very close to 3.5% per year by contributing 7% for six months, then 2% for six months.

    One more option is to have your question answered on the NerdWallet SmartMoney podcast. Call or text 901-730-6373 or email to submit your question.



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