Allegro MicroSystems Employee Benefit: 401K Plan | Glassdoor

Allegro MicroSystems 401K Plan

Updated Jul 02, 2018

6 employees reported this benefit


Employer Summary

Employees are automatically enrolled in the Allegro MicroSystems, LLC Employees' Retirement Savings Plan. Changes can be made at any time to deferral amounts or investments.

This 401(k) Plan allows employees to save up to 75% of their eligible wages on a pre-tax basis, up to the annual IRS limits. Employees are 100% vested in their contributions to the plan.

The first 5% of eligible wages deferred by the employee is matched dollar for dollar by Allegro. This Company match is immediately vested with Allegro’s Safe Harbor plan design.

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Employee Comments

Showing 1–1 of 1
  • Jan 14, 2019
    StarStarStarStarStar Former Employee in Worcester, Massachusetts

    401k is okay, not spectacular, match is minimal, 0.25 on $1.00 fund choices are 3-4 star funds.

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