Gallagher Employee Benefit: 401K Plan

Apr 25, 2017

StarStarStarStarStar Former Producer in Los Angeles, California

industry average - nothing special

Apr 19, 2017

StarStarStarStarStar Former Account Manager in Braintree, Massachusetts

It was very standard and typical of the industry

Dec 27, 2016

StarStarStarStarStar Current Employee in Chicago, Illinois

match isn't until you have a full 5 years with the company

Gallagher Response

Thank you for your response. You are eligible for the company match after your first year with the company. Gallagher's matching dollars are deposited on an annual basis.

Sep 20, 2016

StarStarStarStarStar Current Client Service Associate in Whippany, New Jersey

Over all the company and people I work with are great. Only complaint is the time off

Jul 26, 2016

StarStarStarStarStar Former Employee in Chicago, Illinois

Not the best 402k Plan

Jul 07, 2016

StarStarStarStarStar Current Employee in Boston, Massachusetts

Company does not deposit any match dollars until after the beginning of the FOLLOWING year. So any employee that has a 401k during one year who leaves before the end of January the following year will not get a match at all.

Gallagher Response

To clarify, if an employee leaves in January before the previous year’s match is made, they will still receive it. Employees must remain active through the end of the calendar year (December 31) in order to be eligible to receive the match the following January.... MoreLess

Apr 18, 2016

StarStarStarStarStar Current Employee in Whippany, New Jersey

401k match is good, up to 5%.

Feb 03, 2016

StarStarStarStarStar Current Employee in Itasca, Illinois

4-year vesting schedule - minimal match accumulates and paid at the end of the year.

Gallagher Response

We have a 5 year vesting schedule, with a 5% dollar for dollar match of eligible earnings.

Dec 09, 2015

StarStarStarStarStar Current Exec - Benefits in San Francisco, California

AJG recently changed employer match to require employees to work through 12/31 to be eligible for match. That means if your position is eliminated, you are terminated or you resign on 12/25 you will not receive the employer match

Gallagher Response

Thanks for providing feedback. This does apply to voluntary resignations. However, the plan does provide for company match to be paid in cases of job elimination, reduction in force, mutual agreement separation, total disability and death.... MoreLess

Dec 05, 2015

StarStarStarStarStar Current Billing Specialist in Itasca, Illinois

up to 5% match

Employee Comments

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