American Family Insurance Employee Benefit: 401K Plan | Glassdoor

American Family Insurance 401K Plan

Updated Mar 29, 2016

70 employees reported this benefit


Employer Summary

The American Family 401(k) Plan offers you a great opportunity to save and invest in your future. The plan is funded by you and the company provides a match. All employees are eligible to participate in the plan, and newly hired employees are automatically enrolled. You can modify your investments and contributions at any time and contribute up to 30 percent of eligible earnings, or opt out if you don't wish to participate. You can even roll funds from another employer's qualified plan to your 401(k) account.

The company match is a fixed dollar-for-dollar match on the first 3 percent of eligible contributions and 50 cents per dollar on the next 2 percent. We offer a variety of investment funds to choose from, ranging from money markets to an international fund to target date retirement funds. Depending on the investment option you choose, you may be responsible for investment fees.

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Employee Comments

Showing 1–6 of 6
  • Jan 31, 2018
    StarStarStarStarStar Current Accounting Analyst in Madison, Wisconsin

    Company matches the first 3% at 1:1 and and additional 2% at a 2:1 ratio. So 9% is put into you 401k.

  • Dec 04, 2016
    StarStarStarStarStar Former Sr property desk adjuster in Parker, Colorado

    Matching first 3 percent 50 percent for next 2 per cent

  • Aug 24, 2016
    StarStarStarStarStar Former Call Center manager in Madison, Wisconsin

    Better than average but Hewitt is terrible

  • Mar 15, 2016
    StarStarStarStarStar Current Employee in Madison, Wisconsin

    They match up to 5% of your contributions

  • Jan 15, 2015
    StarStarStarStarStar Current Employee in Madison, Wisconsin

    A fair plan for the employees that participate.

  • Aug 22, 2014
    StarStarStarStarStar Current Employee in Madison, Wisconsin

    Some matching. Roth IRA option.

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