Amazon.com 401K Plan

2.4 out of 5 (18 comments)

This article is about Amazon.com 401K Plan in US

Amazon.com offers its employees a 401(k) savings plan with a company match.

68 of 72 employees (94.44%) reported this benefit. benefit verified by employer
Last Edited 07/23/14

Employee Comments

  • Oct 28, 2014
    Current Software Development Engineer in Seattle, Washington State

    50% match upto 2% of your base

  • Oct 22, 2014
    Current End Of Line in Moreno Valley, California

    I Like the 401k cause I'll be good when I retire

  • Oct 19, 2014
    Current Employee in Seattle, Washington State

    Decent 401k with 4% company match, but would like to see the company get a little more aggressive within plan for long-tenured employees, as well as offer a component that matches a % for philanthropy/donations.

  • Oct 13, 2014
    Current Systems Engineer in Seattle, Washington State

    2% match which doesn't vest until after 2 years

  • Oct 11, 2014
    Current Employee in Seattle, Washington State

    They match only 50% of the employees contribution.

  • Oct 10, 2014
    Current Employee in Charleston, Tennessee

    4% match. Hilarious and absurd.

  • Oct 2, 2014
    Current Quality Assurance Engineer II in Seattle, Washington State

    50 cents on the dollar for up to 4% of income (so 2%)? Less than other employers in the same business. Also, 3 year vesting? With the average turnaround here being less than 2 years. Don't even count on this benefit.

  • Oct 2, 2014
    Current Vendor Manager in Seattle, Washington State

    They will match 50% up to 2% of your salary (you contribute 4%). The employer match is in Amazon Stock, but can be moved to balance portfolio once vested.

  • Sep 30, 2014
    Current Employee in Chester, Virginia

    Average 401k. They match .50 on the dollar of what you contribute.

  • Sep 29, 2014
    Employee

    $0.50 on the dollar up to your first 4% deduction (translation, 2% maximum match) which is below the standard 3% at many places. Two service years (defined as 1,000 hours in a calendar year) required to get ANY of the company match. Other tech companies (Microsoft) have no vesting period. Vanguard administers the 401(k) and their website is abysmal and the selection of funds is very limited. They do offer a 401(k) Roth, but there's no ability contribute post-tax funds after you reach the federal limit, currently $17,500. The Amazon plan has also failed IRS qualifying audits in some years meaning highly paid employees who contributed at max had their part of their money rejected and returned. Ouch.

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