<prompt> Human: In the orientation presentation thing they told us about the company matching and it said: Company matches 50 of the first 3 you deferSo does this mean that every time I deposit funds into the 401k, they will give me half of 3 of my deposit?eg. Deposit 100. 3 of 100 3. Company matches my deposit with 1.50? And does that continue with every deposit after that?This is the first job Ive had that even has available a 401k program that Im eligible for and Im about to graduate college and venture into the real world.Is there something better I could be doing with my money instead of this 401k program? Or is this any good?editThe lady giving the presentation gave us the example that if you deposit 100, the company would match you 50... but that just doesnt make any sense and I didnt think to ask during the presentation. If this were the case then what does the 3 even mean, right?  <response>: The 3 is referring to 3 of your paycheck.Think of it like this: Your paycheck is 1000. You decide to deposit 3 to your 401k. 3 of 1000 is 30. So you personally will be putting 30 of your 1000 paycheck into your 401k, and your employer will match 50 of that, so 15. The total amount of money going into your 401k is 301545.Notice how they will match only up to 3 though. So if you decide to fund your 401k with, say, 5 of your paycheck, you will deposit 50 of your 1000 paycheck, but your employer will max out at 50 of the first 3. As calculated above, 3 of your paycheck is 30, half of that is 15. So in this scenario you will have contributed 50, your employer still just 15, equaling 65.On the flip side, if you only put 1 towards your 401k, thats 10. Your employer will match half of that 1, so just 5. 