Hyland Employee Benefit: 401K Plan | Glassdoor

Hyland 401K Plan

Updated Apr 27, 2018

56 employees reported this benefit

3.0
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Employer Summary

Hyland offers a 401(k) retirement savings plan to employees.


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

Employee Comments

Showing 1–10 of 17
  • Sep 12, 2019
    StarStarStarStarStar Current Employee in Westlake, Ohio

    Company match is great, flexible options

  • Jul 02, 2019
    StarStarStarStarStar Current Employee in Westlake, Ohio

    Covered most of my usage. Not sure whether it is a good one or bad one.

  • Mar 06, 2019
    StarStarStarStarStar Current Employee in Westlake, Ohio

    401k is provided by Vanguard which has low fees and great options. Hyland matches 50% of the first 6% of your salary contributed.

  • Oct 01, 2018
    StarStarStarStarStar Former Employee in Westlake, Ohio

    Easy to start and contribute to

  • Jan 18, 2018
    StarStarStarStarStar Current Systems Analyst in Westlake, Ohio

    Since it switched investment companies the fees are milking the saving of the employees, My 401k is a lot less then it was 2 years ago.

  • Jan 09, 2017
    StarStarStarStarStar Current Marketing in Westlake, Ohio

    New 401k Plan in 2016 that caused them to change 401k providers. Many employees lost a lot of money. Those in charge of the plan at Hyland are retiring within a few years and are maximizing 401k returns in their best interest for retirement. Younger employees that pay into the plan will suffer long term losses under the new plan provider and investments.

  • Apr 05, 2016
    StarStarStarStarStar Current Customer Experience in Westlake, Ohio

    A nice diverse package to choos from.

  • Mar 11, 2016
    StarStarStarStarStar Current Employee in Cleveland, Ohio

    50 cents to the dollar unto 6%

  • Feb 17, 2016
    StarStarStarStarStar Current Employee in Westlake, Ohio

    It is a cookie-cutter corporate plan through Principal financial. I am very unhappy with the high fees and commissions associated with the limited index funds you are allowed to choose. Moreover, my returns have lagged the overall markets for the duration of my employment. For this reason I only invest 3% of my pay to get the company match (free money on the table; use it or lose it). There are constant opportunities to speak with an advisor from Principal on site at work, but most of the time they tell you to invest more in the funds which earn them more commissions. I believe that Social Security will be completely gone by the time I retire. My 401k will provide probably 10-20% of my retirement income. For the rest: I max out a Roth IRA and HSA as these returns/tax advantages are fantastic. In addtion I am investing in individual stocks through ScottTrade, index funds through Wealthfront, and peer lending through Prosper.com.

  • Feb 07, 2016
    StarStarStarStarStar Current Employee in Westlake, Ohio

    It's nice that it is there but it is only 50% match up to 3% of your contribution.


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