Can someone from FB please explain how the 401k matching works at FB? I read somewhere that FB matches 50% up to 7% of base. Say may base is 100k. So matching is at most 3.5k, correct? What if my base is 300k? Will the matching be 11.5K (50% of 21k) or it gets capped due to 18.5k IRS limit so that the max match will be 9.25k?
Also, what does 4 year vesting mean for 401k? If you leave before that, they take money out of your 401k?
Seems no good people want to join Facebook 😜