54 employees reported this benefit
While an associate’s paycheck is the current link to financial security, building retirement income is just as important. The CareFirst 401(k) Plan gives associates the opportunity to build a financial future. With the plan, associates can save money on a pre-tax basis for retirement to supplement the benefits provided by the company’s contributions to the 401(k) Plan. Full-time and part-time benefit-eligible associates are eligible to participate in the plan from first day of employment.
Company match up to 6%
Match up to 6%. No roth.
5% match, below competitors offering
they match up to 6%
There are 25 investments to choose from and it is a Safe Harbor plan so there is both a non-elective contribution and a matching program.
Great to have ROTH 401K option, match up is ok but not too much
Employee match benefits and allow you to take loans out if you need to.
I took cheaper plan so not much benefits.
The corporate matching is average.
Carefirst automatically gives employees 2% then matches 4% on your 5%, totaling 11% into the 401k for only putting in 5%