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Many retirement plans include a matching contribution from your employer. Matching contributions vary from plan to plan, but the match is often a percentage of the amount you contribute, up to a set maximum. These contributions offer many advantages. They don’t reduce your personal contribution limits, they grow tax-free while in the plan, and they are taxable only when withdrawn from the plan.

How to participate

If your employer offers a match, start contributing! That is all you have to do to get these free contributions. Consider contributing enough to get the maximum matching contribution offered. If you don’t, it is like leaving money on the table.

Matching contribution example

Jeff contributes to his company’s retirement plan:

5% of his $30,000 annual salary, or $1,500

His employer matches:

50% of his contributions up to 5% of his salary.

Annual to retirement account contributions:


Log in to your account to see if your employer offers matching contributions. If so, consider contributing enough to get the maximum match.

OneAmerica Financial is the marketing name for the companies of OneAmerica Financial. Group annuity contracts are issued by American United Life Insurance Company® (AUL) and registered variable annuity products are distributed by OneAmerica Securities, Inc., a Registered Investment Advisor, Member FINRASIPC, One American Square, Indianapolis, IN 46282, 1-877-285-3863. McCready and Keene, Inc. and OneAmerica Retirement Services LLC provide administrative and recordkeeping services and are not brokers/dealers or an investment advisors. Neither AUL, OneAmerica Securities, McCready and Keene, OneAmerica Retirement Services nor their representatives provide tax, legal or investment advice.

All individuals are fictitious and all numeric examples are hypothetical. These hypothetical investment returns are for educational purposes only and are not indicative of any particular investment or performance. Hypothetical returns assume reinvestment of earnings. Actual returns or principal value will vary. Balances shown are before reduction for taxes.