Got an offer from Roblox but am confused about their 401k matching. Match formula is "100% of the first 3% of salary plus 50% of the next 2%" If I join in July (mid-year) with a projected base of 100k for example, do they match based on 50k (2k matching) or 100k (4k matching) in the calculation?
What is your overall offer?
What's is over all offer?
Unrelated but that's pretty cool, you dont ever see this companies name brought up here. What skills do you have that got you in? I'm assuming they primarily hire SWEs specialized in game development?
Actually, I have no experience in game development! I believe they are just looking for people who are able to code in a language agnostic environment
What's the TC they offered?
At least as of when my friend was there, they had a pretty hard division between the game engine team and the web/social platform team.
They would match 100% of 3% of your paycheck. Say, it's 200 bucks and your contribution is 10%=20$. Roblox would add $6 + 2$ AFAIK
This but simplify even more. What ever your biweekly check is, as long as you put 5% towards 401k, they will match 4% for a total of 9% going into your retirement account. When you join is irrelevant. just simple math against your biweekly income.
Thanks! This clarification and breakdown was exactly what I needed! Qualcomm's plan was based off of contribution so I was confused of the difference