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" This contribution will be an amount equal to 35% of your Pre-Tax… - Moving at the Speed of Procrastination. [entries|archive|friends|userinfo]
E.G.

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[Jan. 31st, 2013|06:42 pm]
E.G.
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" 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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Comments:
[User Picture]From: wuweibaby
2013-02-01 02:53 am (UTC)
Why do you want me to slit my throat?
(Reply) (Thread)
[User Picture]From: elainegrey
2013-02-01 02:43 pm (UTC)
Sharing the pain?
(Reply) (Parent) (Thread)
[User Picture]From: gurdonark
2013-02-01 03:03 am (UTC)
I read it as a 35 cent match with a cap based on a percentage of gross. "We will match at x cents on the dollar but will cap our matching to y percent". Stated another way, you get orange kool-aid in your water but only until the glass is 6 percent full.
(Reply) (Thread)