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Comment by mindvirus | Hacker News Reader

I've long been curious, are there places that do a 200% match to hit this? That would be super appealing to me as a prospective employee.

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No, but you can hit it via after-tax 401k contributions and then convert those to a Roth IRA (i.e., Mega Backdoor Roth)

It's not exactly in a company's best interest to have all of their employees retiring in their mid thirties.

The only reason they would be paying enough for mega backdoor Roths is if they were betting they could not find employees they want that would take less.

which is why they should want to support employees saving for age 60+ retirement so they don't feel rich at 30.

Mega backdoor roth allows you to hit that. Might go away this year though so we will see how employers respond.

Just to be pedantic, it's post-tax contributions that allow (very high earners) to hit that. You may choose to do a mega backdoor roth with those post-tax contributions if your plan allows it, but you can hit the limit without doing a mega backdoor, just by contributing post-tax to your 401(k).

Visa does 200% match but up to a certain % of base salary. Theoretically, possible.

Some basically give you a “bonus” (or even part of your salary) that is just given in the form of a mandatory 401k contribution.

At one company, my salary was stated as X, but it was really .97X plus .03X 401k contribution.

I feel like those things are basically for small business owners. I max all that stuff out plus max the profit sharing limits for myself. Never had an employer come even close.

Every company has a different way of matching 401k:

https://www.levels.fyi/benefits/401k/

It's actually more complicated than it looks, because the base salaries and total compensation may also differ substantially between the companies, so you can't really compare 401k alone.

Usually the way to hit the 58k limit is through the Megabackdoor:

https://www.levels.fyi/benefits/Mega-Backdoor-Roth-IRA/

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