My employer makes one annual contribution of 3% of my salary to my 401k, regardless of if I contribute or not, instead of doing a match. But for whatever reason, they don't do it until well into the following year (it came in September last year). For the HSA, they contribute $25/pay period, semi-monthly.
The 401k is invested in a 2055 retirement fund with a 0.45% expense ratio, and a 0.1625% quarterly admin fee. The HSA balance isn't high enough to be invested yet, but the options are mostly Vanguard funds.
I've started rethinking my current contributions. Right now I do 8% to the 401k and $25/pay period to the HSA. I know the conventional wisdom says contribute enough to get the full employer match, but what are the thoughts on contributions while getting 3% without doing anything? Are there people who add nothing extra and let the employer contribution do the work while deploying their money elsewhere?
Since the contribution apparently doesn't come until close to the end of the following year, my thoughts are wait until the HSA can be invested, and increase contributions to it while decreasing them to the 401k, but still contributing some to it to keep DCAing.
Is there anything I'm not thinking of?