72 employees reported this benefit
25 cents for every dollar up to 25% of annual salary
60% match up to 4% of salary.
4% match is nice. I have nothing to complain about BIDMC's generosity towards their employee's retirement preparation.
I'm not entirely sure but they have Fidelity which is one of the best financial institutions as far as I know. Has tons of investment options and someone will meet with you if you ask.
Good rate of return on 401K plan, well managed
they match up to 2% of your deductions.
Only 50% match is not going to attract and retain top talent
auto sign up with fidelity which is a great company
The core contribution is great each year but the amount that they match it is lacking. It used to be higher and seems out of balance to contribute the same to those making 200k, as those making 35k.
Matching used to be higher