L.L. Bean Employee Benefit: 401K Plan | Glassdoor

L.L. Bean 401K Plan

37 employees reported this benefit

3.3
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 10
  • Aug 31, 2018
    StarStarStarStarStar Former Information Technology in Freeport, Maine

    ~30 Fidelity funds, most of which are target date or high-fee mutual (there are 2-3 low-fee index funds)

  • Aug 10, 2018
    StarStarStarStarStar Current Programmer Analyst in Freeport, Maine

    100% match up to 3% then 50% match for the next 2%, so if you put in 5% L.L. Bean puts in 4%. Pretty solid match and great fund options for where your money can go.

  • May 04, 2018
    StarStarStarStarStar Former Employee in Freeport, Maine

    Bean has the standard 401K benefit.

  • Mar 20, 2018
    StarStarStarStarStar Former Processing in Freeport, Maine

    Matched 3% of what I put in, and it accumulated a good amount of money. Every company should do this

  • Jan 19, 2018
    StarStarStarStarStar Current Machine Operator in Freeport, Maine

    I do not know because as a seasonal employee I did not receive such benefits. However, I hear the plan is generous.

  • Nov 13, 2017
    StarStarStarStarStar Former Lead Cashier in Freeport, Maine

    Adequate but only available to employees working over 28 hrs per week. Hiring focus is on part time less than 24 hrs per week.

  • Mar 27, 2017
    StarStarStarStarStar Current Warehouse Associate in Freeport, Maine

    Recently changed for the better, more or less. The discretionary end of the year bonus will be put into the 401, not into the paycheck. That in itself is a double edge sword. 100% matching is only done up to 3%.

  • Oct 20, 2016
    StarStarStarStarStar Former Employee in Freeport, Maine

    The match and investment options are good but it's no uncommon to find better. Fidelity is the service provider for the 401k and that's a big plus in my book.

  • Aug 21, 2015
    StarStarStarStarStar Former Client Support Rep in Freeport, Maine

    Absolutely excellent matching and uses a good investment company

  • Feb 08, 2015
    StarStarStarStarStar Current Employee in Brunswick, Maine

    They allow you to participate as soon as you are hired, even if you are temporary. They offer a 100% company match up to 3% of your pay and, after that, a 50% match up to 5%.

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