19 employees reported this benefit
Equilar offers all full-time employees after six (6) months of employment to join the Equilar 401(k) plan. Saving for retirement is a benefit Equilar is proud to offer and the company encourages all employees to take advantage of the employer 401(k) match program. Equilar will match and contribute up to 4% of compensation which can add up quickly! All employer match contributions are fully vested at the time of the contribution.
Great! Matching is fully vested after 6 months.
The 401k program is a dollar for dollar match at 100%, up to 4% of the annual salary. This is very different from a 4% match. Previous comments can be easily misunderstood.
They wait until your sixth month to offer 401k with matching but it is fully vested from the start. Now I understand why they do that...turnover is so high it would just result in more administrative work for HR.
4% company match is good
They have 4% match which I think is very good