<prompt> Human: Hi all! My company offers to match employee contributions to hisher 401k equal to 100 of the first 5 of contributions. What exactly does that mean? Thanks for everyones help!  <response>: It just means that if you contribute to 401k, your work will match your contributions 100, but only to a certain limit. You can contribute whatever percentage of your salary you want, but the match will only be on the first 5 of your salary you contribute.Heres a few examples that might help...- If you contribute 3 of your salary to your 401k, your work will also contribute an amount equal to 3 of your salary.- If you contribute 5 of your salary to your 401k, your work will also contribute an amount equal to 5 of your salary.- If you contribute 7 of your salary to your 401k, your work will also contribute an amount equal to 5 of your salary.In your situation, general advice here is to always contribute at least enough to maximize matching so 5 here, since youre basically giving up free money if you dont. 