The first job offer has a better overall structure, by $7,680.
Here's the calculation:
First job offer:
Annual salary: $57,000
401k contribution: 8%
401k contribution per year: $57,000 * 0.08 = $4,560
Total value of the offer after 4 years: $57,000 * 4 + $4,560 * 4 = $264,480
Second job offer:
Annual salary: $63,000
401k contribution: 4%
401k contribution per year: $63,000 * 0.04 = $2,520
Total value of the offer after 4 years: $63,000 * 4 + $2,520 * 4 = $256,960
The difference between the two offers is $264,480 - $256,960 = $7,680.
Therefore, the first job offer has a better overall structure, by $7,680. (Last one)