Finance & Banking

Employer match

ɪmˈplɔɪər mætʃ

noun

What does Employer match mean?

Free money your company adds to your 401(k).

Example sentence

"My company matches 100% up to 4%."

American usage tip

Not taking the match is leaving salary on the table.

Related Finance & Banking words

Wire transfer
A fast bank-to-bank money transfer.
Compound interest
Interest earning interest over time.
Refund
Money returned when you overpaid taxes.
W-2
The annual wage form employers send for taxes.
Brokerage
An account for buying stocks and funds.
Tax return
The annual filing of your income taxes.
Cashback
A percentage of spending returned to you.
Index fund
A fund tracking a whole market index.

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