Employee stock purchase plans usually don’t match, they just offer a 10-15% discount. I honestly have no idea what they’re talking about. 401k isn’t held by your employer, and ESPP doesn’t match.
Ten shares per paycheck? Wow, that’s an amazing benefit, assuming you can sell. That is basically doubling your money. The best one I’ve ever had was a 15% discount off the lower price between the start of the quarter and the end of the quarter. If the stock was moving upwards I’d hold it, and if it was moving downwards I’d just sell it immediately for the free 15%.
I’m not saying it doesn’t happen, but I’ve never heard of an employer that requires their 401k match to be invested in the company. Everywhere I or my wife has worked you could put it in any fund available with that 401k plan.
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He’s talking specifically about company matching of their stock purchase, no?
Employee stock purchase plans usually don’t match, they just offer a 10-15% discount. I honestly have no idea what they’re talking about. 401k isn’t held by your employer, and ESPP doesn’t match.
My ESPP would match up to ten shares, which is why I thought they meant ESPP. But yeah, I’m confused as well
Ten shares per paycheck? Wow, that’s an amazing benefit, assuming you can sell. That is basically doubling your money. The best one I’ve ever had was a 15% discount off the lower price between the start of the quarter and the end of the quarter. If the stock was moving upwards I’d hold it, and if it was moving downwards I’d just sell it immediately for the free 15%.
Annually, unfortunately. Still, it was free money so I took it. Then it tanked :-(
Oh, you’re OP! Yeah, I guess that didn’t work out in the end. It ended up being fortunate that it was 10 per year!
I’m not saying it doesn’t happen, but I’ve never heard of an employer that requires their 401k match to be invested in the company. Everywhere I or my wife has worked you could put it in any fund available with that 401k plan.
Oh, 401k. I was thinking they meant ESPP.