213 employees reported this benefit
Full match 3% and 50% match for another 3%
Standard Matching to 3%. Half match to 6%
They match the 100% of the 1st 4% and 50% off the next 3 %.
Pros-Company match up to 3%
Allows only 2 loans a year. No option to increase payments to pay off loan sooner.
Matches first 3% you invest at 100%. Matches the next 3% at 50% up to 6%.
Vests 100% after 2 years for most career bands
They match at 100% for the first 3% and then at 50% for the next 3%. Recently announced they're going to match an additional 1% but that has not shown on any pay stubs yet.
The plan is reasonable equal to industry standards or better. The match is reasonable and the guidelines are sensible. No one is disappointed with the plan.
401K matching is being increased for 2018