Am I misunderstanding my employer match?
Am I misunderstanding my employer match? This is at my first job out of college. I recently made my first 401k contribution of $2,898.38. I see that my company offers a 100% match of 4% of annual salary, which would be $2800 for me. The employer match I received was only $116.67 instead of $2800. The $116.67 seems to be 4% of the $2,898.38 I contributed instead of matching 4% of my $70…