There are two ways to model an employer match in the tool—either model Option 1 or Option 2.

For both options, you first need to know how much your employer matches annually. Matches are often based on salary, contribution amount, or a combination of the two. Every company plan is different. If you aren't sure of your company's policy, ask HR.

Option 1: Add an income stream for an employer match.

This allows you to create an annual contribution for the duration of your income stream. It is the easiest option to set up and manage. However, creating an income stream will result in your match being applied towards your gross income, which may impact your plan's accuracy.

  1. Go to My Plan > Work and Other Income.

  2. Create an income stream for yourself or your spouse, click "Add a change in work Income."

  3. Enter the monthly match contribution and the duration of the contribution

  4. If you believe your match will increase, based on how your match program is set up, you can add an optimistic and pessimistic growth rate accordingly. If you do not believe your match will increase, set an optimistic and pessimistic growth rate to 0%

*In this example, let's model that your employer match is $100 a month, or $1,200 a year.

Option 2: Add lump sum contributions annually

This allows you to create an after-tax contribution to your 401k plan on an annual basis. You will need to set up a separate line item for each year there is a contribution. By creating lump sum contributions, no additional tax liability will be calculated. Note, you must have a 401k savings account set up before starting lump-sum contributions.

  1. Go to My Plan > Savings and Assets.

  2. Create a lump sum contribution for each contribution, "Add another contribution."

  3. Select the save to account (make sure you have a 401k account set up)

  4. Add the annual match contribution.

  5. Add the age that you are adding the contribution.

*In this example, let's model that your employer match is $100 a month, or $1,200 a year.

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