343 employees reported this benefit
Johnson & Johnson offers a 401(k) plan for eligible employees with some company match.
Good benefit plans and programs
401K plan is very good but you have to use their investment platform; e.g. can't use Vanguard.
It's ok no good or bad
Company matching available for employees
Pretty good. But if you leave the corp less than 3yrs, you got nothing!
The provide matching for 401k
Company match is a great perk!
The matching percent is average to above average. The 3 year vesting period is below average. The fund selection for 401k is the real downside. The options are truly atrocious. Very few funds to choose from, only 1 fund is an index fund, the rest are actively managed and have terrible expense ratios. In 2019 I would expect that there would be a broader variety of funds, particularly index funds.
None of it was free
Competitive match for employees; opportunity to save.