<prompt> Human: Hello:I just had a quick question in regards to my employers 401k match. Currently, my company matches 75 of employees contribution up to 8 of their annual salary. Does this mean that I am maximizing my employers match by contributing 10.67 of my annual salary?  <response>: You are maximizing your employers match by contributing 8 and nothing more.Lets say you make 50,000yr. At 8, thats 4000. They will contribute 3000 75 of your 8. Your taxable income is now 46,000. Your 401k balance is 4000 of your own money, 3000 of employer contribution 7000.If you want to contribute 10, you will be contributing 5000. But 8 of your salary is 4000 so they will only contribute 3000 75 of 8 of your salary. Your 401k balance is 5000 of your own money, 3000 of employer contribution 8000.If you want to contribute 5, you will be contributing 2500. They will match your 75 of your contribution, up to 8 of your salary which means they will match 75 of your 2500 which is 1875. 