96 employees reported this benefit
What is Engility’s 401(k) employer match? The answer is that once Engility was established in 2012, the Engility leadership team took the necessary steps to position the company as an industry-best, pure-play government services provider. To more effectively compete in the budget constrained environment in which Engility was competing, a decision was made to suspend the employer 401(k) match. Given the success we have achieved so far in 2014, our Leadership Team has determined that we are able to implement an employer match of 100% of the first 1.5% of contributions to all Engility employees.
The Engility 401(k) Master Savings Plan allows employees to contribute up to the annual IRS limit in either traditional pre-tax, Roth and/or after-tax dollars. Additional catch-up contributions are allowed for employees age 50 or older. Engility matches up to 4% of eligible pre-tax employee compensation contributed. For every dollar you contribute to your account (up to 8% of your pay), Engility will contribute another $0.50 for a maximum match of 4%. New hires are automatically enrolled into the traditional pre-tax plan on the pay period following the first 30 days of employment. The default contribution is 3% of eligible employee compensation.
4.5% max matching contribution with Fidelity
The company match up to 7% .
Matching is performed quarterly. Not much experience with 401k's from other employers, but it is a solid plan that matches reasonably.
Can match up to 5%, not bad as I've seen lower with other companies.
401k match is only quarterly
Takes 3 years to get a full match.
the 3 year cliff stunk for new empoyees
You have to be there 5 sucky years to get the benefit at all. There is no gradual vesting.
Employer matches up to I think 4%