553 employees reported this benefit
Traditional and Roth 401(k) Plans
It would be nice if vesting didn't take 6 years its hard to stay at a company for that long.
matched 401k benefit high percentage match
The best thing was I had a retirement plan
No matching; just first 10% of profit sharing into 401K and it takes 6 years to vest.
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
Best thing is that Geico matched whatever you put in an you can always increase it.
You get the 401 package
Profit sharing. Put into 401k
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.
This is good. Typical.