67 employees reported this benefit
Avnet's 401(k) savings plan offers employees the opportunity to save a portion of their earnings in pre-tax, Roth, and/or after-tax 401(k) accounts, and choose how their money is invested.
typical matches 50% of up to 6% (so 3% max)
Company does not provide any matching.
401K is good, although there is no employee match due to the pension plan.
Avnet doesn't match 401k contributions
Avnet does not offer a match on their 401K plan, but they do have the pension. If they freeze the pension, which is what most people believe will happen, then they will more than likely move to a match.
No 401k match, pension was supposed to take the place of this but was recently cut by 50%
No company match but decent selection
Good plan with many options
No matching of any kind
Neutral for the following reasons: 1. There's no company matching. 2. Funds / investment selections can be counted by one hand. 3. The above two points are neutralized by a good pension plan.