E.G. (elainegrey) wrote,
E.G.
elainegrey

" This contribution will be an amount equal to 35% of your Pre-Tax Contributions and After-Tax Contributions up to 6% of the sum of your Pre-Tax Contributions and After-Tax Contributions for each payroll period up to the amount limited by Federal tax law."

This doesn't make sense to me. Let's say i contribute X pretax and Y aftertax. I think they are saying that they will contribute 35% X + 35% Y . And they are saying they will contribute no more than 6% of (X+Y).

But but ... but...

But 35% X + 35% Y is 35% (X+Y). which is much bigger than 6% (X+Y)

Am i just being daft?

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