110 employees reported this benefit
John Deere employees are immediately eligible for a 401(k) savings plan.
Great match to the contribution
They match up to 6%
They have a wonderful 401K plan
Fidelity Brokerage Link; generous match on first 6%
They over match which is unheard. I think this is one of the best benefits that the company has to offer. If you offer 6% they match 10%
The company has a two tier match. You get an estimated 3X on the first 2% (deferred) and then an estimated 1X on the next 4% (deferred). All in all, it's close to a 10% match. That's 10% free money given to you. All you have to do is contribute a minimum of 6% of your salary. If you're the type of employee that likes to max-out 401Ks then this is one of the best (as far as I know) in the industry.
We get pension but it isn't as glamorous as it used to be.
John Deere has a matching program which is very generous. The plan is managed through Fidelity and is run very well.
I think its like 300% on the first 2% and 100% on the 4% or something like that
John Deere matches up to a certain percent which is nice. When you are a new employee you just sign up for random stocks and options without any knowledge unless you've had previous exposure. I immediately sought out a good financial advisor.