58 employees reported this benefit
Exelis offers employees a 401(k) plan.
Average plan as far as matching
the way it was a managed
Pretty standard, 50% of the first 6% matched.
They match up to 6%
They will match 100% of your 401K contribution, up to 6%. The tools provided to manage your 401K are very user friendly and enable to you make changes whenever you see fit. This could be a pro or con, but the will automatically increase your contribution until you reach 10%. This action can be halted.
401 benefits below, or at best, on average with industry standard.Easy to use online access made it easy to make changes and take out loans or make withdrawals.
6% up front then 50% on the next 6%. So if you invested 6% of your money you would be putting away 15%!!
Would be higher but they keep changing the 401K management company every year or two
They have a very good 401K plan with a good matching program which is at least comparable, or better, than most companies are offering today.
Very easy to access and balance / re-allocate