GEICO Employee Benefit: 401K Plan | Glassdoor

GEICO 401K Plan

Updated Sep 11, 2014

553 employees reported this benefit

3.9
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Employer Summary

Traditional and Roth 401(k) Plans

  • There is no waiting period to enroll.
  • You are auto-enrolled to make a 3% pre-tax contribution into the plan.
  • You can make pre-tax and/or post-tax contributions.
  • We offer over 20 investment options through Vanguard.
  • Because we're a Berkshire Hathaway subsidiary, associates can elect to invest in class B Berkshire stock (NYSE: BRKb).
  • You can manage your accounts quickly and easily through the Vanguard Web site.


Employer Verified
Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 92
  • Mar 29, 2020
    StarStarStarStarStar Current Software Engineer in Chevy Chase, Maryland

    It would be nice if vesting didn't take 6 years its hard to stay at a company for that long.

  • Mar 25, 2020
    StarStarStarStarStar Former Employee in Woodbury, New York State

    matched 401k benefit high percentage match

  • Jan 24, 2020
    StarStarStarStarStar Former Employee in Carmel, Indiana

    The best thing was I had a retirement plan

  • Dec 14, 2019
    StarStarStarStarStar Current Product Modeling Analyst in Chevy Chase, Maryland

    No matching; just first 10% of profit sharing into 401K and it takes 6 years to vest.

  • Oct 28, 2019
    StarStarStarStarStarEmployee

    They do offer 401k (SOP) however they do not match. They have profit sharing which occurs every February and they put 10% into your SOP ( 401k), and you’re given the remaining percentage in cash. For example, if the percentage is 19% then 10% goes into your SOP (401k) and the rest is paid to you. The vesting schedule for the SOP (401k) is 6 years and the schedule is a little off. You receive 20% after 2 years (nothing before), 40% after 3 years, etc. so if you decide to only stay for 3 years do not expect to be at least halfway vested

  • Aug 19, 2019
    StarStarStarStarStar Current Employee in Katy, Texas

    Best thing is that Geico matched whatever you put in an you can always increase it.

  • Jul 18, 2019
    StarStarStarStarStar Former Clerk in Woodbury, New York State

    You get the 401 package

  • Jun 16, 2019
    StarStarStarStarStar Current Customer Service Representative in Getzville, New York State

    Profit sharing. Put into 401k

  • Jun 04, 2019
    StarStarStarStarStarEmployee

    The company Vanguard is not an easy company to work with and the plan has some very peculiar rules. This is the worst part about the benefits.

  • Mar 19, 2019
    StarStarStarStarStar Current PIp Adjuster in Lakeland, Florida

    This is good. Typical.


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