<prompt> Human: I have never had a 401k before. The company I am at matches. I just dont understand how much they will match. This is what it says on the paperworkParticipation in the companies 401k plan with company matching contribution equal to 100 of your salary deferrals not to exceed 3 of your compensation, then 50 of your salary deferrals between 3 and 5 of your compensation I am trying to get them max amount they will match. Edit thank you all for the swift answers.  <response>: If you contribute 3 of your salary, they will kick in another 3. This is contribution equal to 100 of your salary deferrals.If you contribute 4, they will kick in another .5. This is 50 of your salary deferrals between 3 and 4 - so, you contribute one percent more, they kick in half a percent more.If you contribute 5 or more, they will contribute a total of 4. This is made up of the following: 100 of your first 3 so another 3 50 of your next 2 so another 1 0 of anything you defer after that first 5.To maximize what they contribute, save 5. To maximize your retirement, save 15 or more. 