1715 employees reported this benefit
IBM offers a 401(k) Plus Plan.
This information about the 401K Plan benefit at IBM is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of IBM. The description here may not reflect the current IBM 401K Plan benefit.
1 to 1 up to 6% is great, and multiple options for assistance as well in the decision making process.
You can select any combination of pre-tax (up to 80% gross income), roth contributions, after-tax contributions (up to 10% gross income). Unlimited in-service withdrawals for after-tax so mega backdoor roth is possible. Wide variety of investment options especially low-fee index funds. After 1 year of service, they give you 1% and match 5% for total of 6%. The match is paid once at the very end of the year and you have to be still employed as of Dec 15 to receive it.
6% match to my 401k contribution
great matching 5% which is above avg
Fidelity provides great 401k plan, and optional Management Services. Though dislike employee matching rules -- only pay accrued match the last paycheck of the year so the employee misses out on up to 12 months of dollar/cost averaging and gains, and risks losing the match entirely if not with IBM the last month of the year.
It was great until they stopped paying it until the end of every year and then only to employees still employed in December
So-so for the 401k... they dropped the full pension so IBM could save more money and minimize the 401k contributions
Typical match nothing great. Stock has been going down for 5 years.
they don't match until 2 years
Employer Match is very good