68 employees reported this benefit
Blackboard offers employees the opportunity to save money
for retirement by participating in voluntary 401(k) retirement
savings plan. You determine the amount you would like to
contribute to a traditional pre-tax 401(k) plan or an after-tax
Roth 401(k) plan (up to IRS limits). Blackboard may also make
an annual matching contribution to your 401(k) plan each year.
You become fully vested in any matching contributions from
Blackboard after you complete three years of service following
your initial employment date. You will be 33% vested after your
first year of service and 67% vested after two years of service.
This is decent, but they only match at the very END of the year which is kind of frustrating
Up to 3% employer matching.
Nice that they offer partial matching, but having it guaranteed and a larger percentage would be great.
Match is only once a year in March or April, with the match % applied company-wide at the company's discretion. Must be employed through December 31 of prior year to get the match. So leaving the company for any reason before EOY will forefit the match. Not sure what happens if leaving between EOY and match payout date.
3% match but vests after 3 years
They did not match contributions when I left.
Stock options are the best part. Poor performing 401 portfolio and the fees kill you.
If u get this 401k they are good with letting you draw it out
The plan itself is alright but the match is severely disappointing. They only credit the match once a year (in March for the calendar year prior) and match contributions are dependent upon the company meeting targets for the year. You could contribute all year and end up not getting a match if the company's numbers don't hit target. Or you leave the company late in the year (voluntarily or otherwise) and don't get any match for that year. Blackboard really should match throughout the year like nearly every other company.