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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 4 Crunch the Numbers

Week 4 Crunch the Numbers

Q Week 4: Crunch the Numbers The assignment links below will prompt you to make a "Make a copy" which will save it to your DU Google Drive. After the document opens, click on the title "Copy of Assignment..." located in the upper left-hand corner and rename it with your Last Name, CTN #. Crunch the Numbers #9 & #10 Directions for Submission From within the Google document, click on "File>Download as..." and select PDF Document (.pdf). This will download the document in that format to your local device where you will be able to submit it to this assignment link. Preview the document before submitting to ensure it downloaded accurately. Submit by Day 7, 11:59pm ET. Review the Course Calendar for specific due dates for this assignment.

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Companies decide whether to institute matching contributions. Ones that offer matching contributions do so for numerous reasons, including recruitment and retention of the most qualified individuals. Also, companies choose the formulas for making contributions and setting maximum contribution limits. Here are three common approaches for determining matching contributions: Full match: The employer fully matches an employee’s contribution to the 401(k) account up to an amount set by law. For illustrative purposes, an employee earning $50,000 annually contributes $2,000 to her 401(k). Then, the company’s matching contribution equals $2,000.