Author Topic: How much does your company match for your 401k?  (Read 40106 times)

Baylor3217

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How much does your company match for your 401k?
« on: June 29, 2013, 05:02:56 PM »
I'm curious what the best is

Kriegsspiel

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Re: How much does your company match for your 401k?
« Reply #1 on: June 29, 2013, 05:17:19 PM »
6%.

gooki

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Re: How much does your company match for your 401k?
« Reply #2 on: June 29, 2013, 05:46:01 PM »
4% for the NZ equivilant of a 401k

renbutler

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Re: How much does your company match for your 401k?
« Reply #3 on: June 29, 2013, 05:47:21 PM »
100% match of the first 3%
50% match of the next 2%

Essentially an additional 4% on top of my first 5%

Rural

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Re: How much does your company match for your 401k?
« Reply #4 on: June 29, 2013, 05:58:14 PM »
Nothing at all to our 403b, but we do have a pension, so I can't complain.

fiveoclockshadow

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Re: How much does your company match for your 401k?
« Reply #5 on: June 29, 2013, 06:03:40 PM »
4% plus up to an additional 5% if profits are good. So 9% for the past few years. This year back to 4% as there is a crunch in our business sector.

I have another 9% that goes to an ESOP. 

My wife is in academia, so instead of matching they actually have a separate account they put 10% into regardless of her contribution.

These are abnormally high benefits in my experience.

FlorenceMcGillicutty

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Re: How much does your company match for your 401k?
« Reply #6 on: June 29, 2013, 06:09:09 PM »
I get an automatic 3 percent then a match for 6 percent. So the total is 9 percent. This is obviously above market. I think standard is a match or 3 to 5 percent. Six is good!

Zikoris

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Re: How much does your company match for your 401k?
« Reply #7 on: June 29, 2013, 06:13:45 PM »
Canadian here so RRSP, but it's 50% matching up to 4%(I can put in a maximum of 8%), plus an additional 2% just for participating, so basically 6% match.

Strangely, they won't let me put more than 8% in through payroll deductions, but I can mail a cheque of any amount to the account directly and have it deposited no problem. Does anyone have any idea why it would work that way? Seems bizarre to me.

Zamboni

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Re: How much does your company match for your 401k?
« Reply #8 on: June 29, 2013, 06:21:57 PM »
8% of the first 50K of salary, then 10% on the balance of anything over 50K (yes, the rich get richer, I know) up to some very high limit that I will never see.  This is by far the best benefit that my employer offers. 

Joet

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Re: How much does your company match for your 401k?
« Reply #9 on: June 29, 2013, 06:23:29 PM »
4.5% , ill take it

They match the bonus too

Cecil

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Re: How much does your company match for your 401k?
« Reply #10 on: June 29, 2013, 06:52:16 PM »
4% dollar for dollar.

Last company I was with matched up to 6%, but it was either a 25%, 50%, or 100% match depending on how good company profits were. Bit of a perverse incentive there for the company to rearrange projects to make sure yearly profits fell into the lower matching bucket.

Will

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Re: How much does your company match for your 401k?
« Reply #11 on: June 29, 2013, 06:56:23 PM »
I know the company I work for is far from the best (25% of the first 4%), but something is better than nothing I guess.

Zaga

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Re: How much does your company match for your 401k?
« Reply #12 on: June 29, 2013, 07:48:50 PM »
Matching is 55% of the first 5%, which works out to 2.75%.  Not great, but not terrible.

On top of that they automatically contribute a percentage based on your age.  I'm at 3% at age 33.  I think it moves up to 4% at age 35?

So total for me is 5.75% contributed by the company.


DH used to get a full 6% match, but just switched jobs to one without 401-K.

Runner77

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Re: How much does your company match for your 401k?
« Reply #13 on: June 29, 2013, 08:24:51 PM »
Dollar for dollar up to 4% for the 401(k) plan. My company also has a cash balance defined benefit plan and the percentage is based on service and age. My percent this year is 7.1%.

TheDude

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Re: How much does your company match for your 401k?
« Reply #14 on: June 29, 2013, 08:54:22 PM »
3% We have Simple IRA so no choice they have to its federal regulation

Some of you make me jealous. I wish we had 401k so I could shelter the additional 5500. Stupid arbitrary rules.

sol

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Re: How much does your company match for your 401k?
« Reply #15 on: June 29, 2013, 09:02:01 PM »
Like all federal employees, I get a 5% match to the TSP.

keith

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Re: How much does your company match for your 401k?
« Reply #16 on: June 29, 2013, 09:12:37 PM »
8% of the first 50K of salary, then 10% on the balance of anything over 50K (yes, the rich get richer, I know) up to some very high limit that I will never see.  This is by far the best benefit that my employer offers.

Wow that's pretty awesome.

ketchup

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Re: How much does your company match for your 401k?
« Reply #17 on: June 29, 2013, 09:15:18 PM »
50% of up to 6% of salary, plus somewhat arbitrary profit sharing bits thrown in each April.
« Last Edit: June 29, 2013, 09:36:29 PM by ketchup »

oldtoyota

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Re: How much does your company match for your 401k?
« Reply #18 on: June 29, 2013, 09:29:03 PM »
4% here.

I googled this topic and thestreet.com reports that around 40% of US companies do not offer *any* matching.

First, they remove the pensions. Then, the matching. Yow.

http://www.thestreet.com/story/11911313/1/more-us-firms-shutter-401ks-matching-programs.html


lhamo

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Re: How much does your company match for your 401k?
« Reply #19 on: June 29, 2013, 10:06:03 PM »
I work for a large non-profit that puts in 7.5% of salary to a 401(a) account after the first year of employment.  After 5 years it goes up to 10% of salary.  I think after 10 years it goes up to 12.5% of salary.

You get this regardless of what you contribute individually to the separate 403(b) plan.  There is also a 403(b) Roth option.

oneweek

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Re: How much does your company match for your 401k?
« Reply #20 on: June 29, 2013, 10:18:00 PM »
My company matches 100% of the first 3% contributed, then 50% of the next two percent, so if I contribute at least 5%, they match 4%. 

After staying with the company 3 years I will also get pension contributions worth 4% of my salary. 

Katnina

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Re: How much does your company match for your 401k?
« Reply #21 on: June 29, 2013, 10:36:40 PM »
The hedge fund I used to work for matched $ for $ up to the max tax advantaged amount of 401(k) contribution, ie if I put in $17.5k, they would too.  Pretty fucking awesome deal to get an immediate 100% return!
They also did a triple match for charitable giving, any non-religious 501(c)3 charity that I donated to would get 3X what I contributed, up to a total yearly match of $15k per employee.  So if I donated $5k to my favorite charity, they'd donate $15k to that charity.  EVERY YEAR!
And even with the insane amount of money my coworkers were getting paid, many didn't take advantage of these two benefits!  They were too busy upgrading their cars and apartments...which is why when I got laid off and told them I didn't need help finding another job as I'd be just fine living off my savings, they were flabbergasted!

matchewed

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Re: How much does your company match for your 401k?
« Reply #22 on: June 30, 2013, 04:57:19 AM »
9% of gross pay match regardless of contribution. Pretty frickin' sweet.

SnackDog

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Re: How much does your company match for your 401k?
« Reply #23 on: June 30, 2013, 05:30:31 AM »
8% match when contributing at least 2% of pay.  Adds up, eventually.

Mayan

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Re: How much does your company match for your 401k?
« Reply #24 on: June 30, 2013, 09:16:23 AM »
They match 3.5% if I contribute 6%.  Not amazing, but since most employers in my field are small businesses offering no retirement benefits, I'll take it...

Misstachian

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Re: How much does your company match for your 401k?
« Reply #25 on: June 30, 2013, 09:52:47 AM »
My match is 6%. My husband must contribute a mandatory 3%, but then they contribute 12%, which is amazing. Any additional contributions he wants to make have to go into a separate bucket. It's a wonderful deal.

Baylor3217

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Re: How much does your company match for your 401k?
« Reply #26 on: June 30, 2013, 10:28:01 AM »
Mine does dollar for dollar up to 8%.  Pretty amazing.  No pension though.  Must work there several years to fully vest their contribution should you leave.

RedMaple

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Re: How much does your company match for your 401k?
« Reply #27 on: June 30, 2013, 11:37:32 AM »
0% match; we get a flat 10% of our base + bonus annually.

LowER

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Re: How much does your company match for your 401k?
« Reply #28 on: June 30, 2013, 12:14:10 PM »
6.2%

Frankies Girl

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Re: How much does your company match for your 401k?
« Reply #29 on: June 30, 2013, 03:37:34 PM »
6%
They say they match 50% (minimum) up to the 6%, but the last 4 years, I've gotten a 100% match, so woot!

mpbaker22

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Re: How much does your company match for your 401k?
« Reply #30 on: June 30, 2013, 05:49:51 PM »
6% plus 3% for anyone under 40.
40-50 is 6% plus 4%
50+ is 6% plus 5%

I get the 9% match.
Immediate vesting.

Luigi

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Re: How much does your company match for your 401k?
« Reply #31 on: June 30, 2013, 06:09:39 PM »
My company matches 25% of whatever contributions we make. 

albabewick

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Re: How much does your company match for your 401k?
« Reply #32 on: July 01, 2013, 10:54:36 AM »
I work at a large telecom corporation. They match 66% on the first 10%. Fidelity is their provider. Highly compensated employees have a different category, but I'm not informed on that. :-p

The_Dude

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Re: How much does your company match for your 401k?
« Reply #33 on: July 01, 2013, 11:47:44 AM »
Like a few other lucky posters while we get no 401k match, my employer contributes 15% of total salary and bonuses each year.  This 15% is subject to different limits than the 401K too so if you are highly compensated it is possible to get more than $17.5K contributed by the employee.  As someone else said this is the best benefit offered and was a huge factor in my decision to work here.  6 year vesting window though.
« Last Edit: July 02, 2013, 10:35:14 AM by The_Dude »

MountainFlower

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Re: How much does your company match for your 401k?
« Reply #34 on: July 01, 2013, 12:41:32 PM »
I contribute 5% (mandatory) and they contribute 10%.  403(b)

It rocks!

mlipps

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Re: How much does your company match for your 401k?
« Reply #35 on: July 01, 2013, 12:45:28 PM »
100% up to 5%, plus they put in 5% regardless of my contribution. Work in Higher Ed though, where this seems to be pretty standard. My last position (non profit, different sector) was 15% w/o any employee contribution whatsoever.

labrat

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Re: How much does your company match for your 401k?
« Reply #36 on: July 01, 2013, 04:04:56 PM »
0% match.  It used to be 1% but was eliminated due to budget problems.  Whenever I get upset about this I look out my window and watch the new building being constructed...

On_a_slow_boat

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Re: How much does your company match for your 401k?
« Reply #37 on: July 01, 2013, 09:31:30 PM »
100% match on my first 4% of base salary each month  (bonus not eligible)
+
a cash balance (DB) contribution that is currently 4.4% of base salary + bonus. The % goes up about 0.2% each year of service.

Overall - considering I work for a large Private employer i think my benefits are fair to above average.

michael

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Re: How much does your company match for your 401k?
« Reply #38 on: July 01, 2013, 10:30:27 PM »
0% :(

pdxvandal

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Re: How much does your company match for your 401k?
« Reply #39 on: July 01, 2013, 11:02:21 PM »
100% matching up to 6%. I had something like 18% in the public sector but pay was quite low.


simonsez

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Re: How much does your company match for your 401k?
« Reply #40 on: July 02, 2013, 04:59:27 AM »
This 15% is subject to different limits than the 401K too so if you are highly compensated it is possible to get more than $17.5K contributed by the employer.
Yes, total 401k contributions (section 415 limit) can be up to $51,000 for 2013 without counting eligible catch-up provisions (meaning total for an employee over age 50 could be up to $56,500 in 2013).  The individual portion or 402(g) limit is at $17.5k as most know.

maryofdoom

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Re: How much does your company match for your 401k?
« Reply #41 on: July 02, 2013, 08:17:44 AM »
We don't have matching funds - the employer gives us all 8% of our salaries. Plus you can invest it with Vanguard, and you can make supplemental contributions if you want. Every year I get a raise, I just contribute that amount into my supplemental Roth IRA.

It only takes three years to be fully vested, as well.

Thanks, university!

clutchy

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Re: How much does your company match for your 401k?
« Reply #42 on: July 02, 2013, 10:58:17 AM »
100% match of the first 3%
50% match of the next 2%

Essentially an additional 4% on top of my first 5%

mine does this.

ace1224

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Re: How much does your company match for your 401k?
« Reply #43 on: July 02, 2013, 11:03:03 AM »
100% match up to 6%

rtrnow

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Re: How much does your company match for your 401k?
« Reply #44 on: July 02, 2013, 11:06:29 AM »
It's a 401a for me. I put in 6% (no control over that). The company match has varied in the time I've been here from 8.5 to almost 12%, currently at 9.2%.


Nothlit

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Re: How much does your company match for your 401k?
« Reply #45 on: July 02, 2013, 12:21:46 PM »
My retirement program is a little bit complicated and confusing, but is overall pretty good. The amount that employees can contribute into the matching portions of the account varies depending on whether your salary is above or below the Social Security wage base (SSWB). There is a certain minimum amount you are required to contribute if you are enrolled in the program at all, and then various elective amounts you can choose to contribute beyond that.

Ultimately, given my current salary, I contribute 12% into the matched portions of the account and then max it out up to the individual contribution limit in the unmatched portion of the account. My employer contributes 10% of my salary to the matched portion.

All contributions are fully vested immediately.
« Last Edit: July 02, 2013, 12:28:20 PM by Nothlit »

DK

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Re: How much does your company match for your 401k?
« Reply #46 on: July 02, 2013, 05:12:50 PM »
100% matching up to 6%.

Kriegsspiel

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Re: How much does your company match for your 401k?
« Reply #47 on: July 02, 2013, 08:13:00 PM »
There are a few of us 6%ers. Are you guys also corporate drones?

ender

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Re: How much does your company match for your 401k?
« Reply #48 on: July 02, 2013, 08:36:27 PM »
Right now, I have the equivalent of a 10% match on the first 6%.

This unfortunately is based on company performance (it's currently maxed) and so I suspect it is more realistic to expect around 7% or 8%.

Fortunately, my contributions are currently 18% :)

madmax

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Re: How much does your company match for your 401k?
« Reply #49 on: July 03, 2013, 04:33:36 PM »
50% on the first 4% so essentially 2% upto a maximum of $ 2500. Surprisingly, Brightscope rates it 89/100 and Google is like a 91 so they think it is pretty good. The evidence above supports my opinion that it isn't at all. We do get some decent low cost index funds from Vanguard though.