Can someone please decipher this? I feel like I flunked math...

[Stellar]

Hello all,

This is what our 401k policy is.  It seems so cryptic.  I found some websites that guide you in understanding but the examples are not worded as below.  It sounds contradictory almost.

Match of 50 cents on the dollar to a max of 6% (max match is 3% provided you defer 6%)


Thank you very much in advance,
St-

[teen persuasion]

If you put in 6%, they will match 50% of what you put in, that is they will add 3%.  If you put in less that 6 %, they will add 50% of what you put in.  After you top 6%, they stop adding.

[PloddingInsight]

If you contribute 6% of your salary, you will receive an additional 3% (of your salary) "match", which is 50% of what you contributed.  If you contribute 4% of your salary, you'll get an additional 2% of your salary as a match.  If you contribute 2%, you'll get 1%.  If you contribute over 6% of your salary, you'll still only receive 3%, since that is where the max comes in.

Disclaimer: I do not run your 401k.

[GetItRight]

I think that's an english question not a math question... Sounds like 50% match up to 6% max. So if you contribute:
3% they give 1.5% for 4.5% total
6% they give 3% for 9% total
10% they give 3% for 13% total

[Stellar]

Good point, GetItRight.  It is worded super weird. 

Thanks all - have a nice day ahead.