175 employees reported this benefit
Banfield provides newly eligible associates with automatic enrollment at a 3% contribution rate into the 401(k) Retirement Savings Plan through Principal Financial Group. The 401(k) allows associates to set aside pre-tax dollars on a tax deferred basis for retirement. Banfield provides pratice matching contributions up to 3.5% on a 6% associate deferral!
They match the first 6% then 0.5% after. So far the growth is impressive.
I should pay more attention to this but I don't.
Its a standard 401k but the low rate of pay makes this somewhat superfluous.
easy to manage, and increased to max out at 6%
Adequate. Low matching and little flexibility in plan. HAve to choose among target date retirement options.
Better than most places I have worked!
Company matches up to 6% I think.
Very flexible set-up with Vanguard. Banfield matches the first 2.5% you contribute.
Company will match at 6%
Loved it. Makes one feel good about their hard work.