44 employees reported this benefit
I was a intern for the summer so I did nit get the opportunity to be exposed to all of the benefits that BMO had to offer.
They match every dollar up to 5% which is nice and comparable to like companies. However, not as powerful as the pension that used to be offered. those are a rarity these days.
5% match currently and I believe it should be increasing as the pension plan will no longer be funded, increasing match on 401k to 7% as long as you put in your 5%.
The match amount should be higher since they eliminated the pension plan.
The match and immediate vesting are nice. It's a pretty typical 401K plan for the industry.
5% match on all 401K contributions
The rate is on industry average.
Just one plan, two options and limited investment choices. Not too great when you work for a financial firm.
Great program. Gives you full access to plan your 401k and allows you to change it at any point.
Great plan with a company match.