10 employees reported this benefit
The ESOP is just one way that Austin employee-owners build retirement savings. The Austin Advantage 401(k) plan is another component of an employee-owner’s retirement benefits package. The 401(k) plan allows you to make pre-tax contributions through payroll deduction. You may join the plan after 60 days of employment. Once you enroll, Austin will match a portion of your contributions. You are immediately 100 percent vested in all contributions
Matches 4% of employee contribution
Excellent retirement. 4% 401k match. You put in 4% and Austin puts 2% cash and 2% company stock. Then, between 10-12% company stock gets added to your ESOP account each year. You put in 4% and Austin puts in 14-16%. Hard to beat that!