Liberty Mutual Insurance Employee Benefit: 401K Plan | Glassdoor

Liberty Mutual Insurance 401K Plan

Updated Jan 14, 2016

316 employees reported this benefit

3.9
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Employer Summary

To help you prepare for your financial future, Liberty offers you two ways to build retirement income. Our pension plan provides a financial benefit in retirement that is non-contributory and company-paid. In addition to our pension plan, you can participate in our 401(k) savings plan. The plan offers a guaranteed company match of 3% on your 6% of pay contributions, and the opportunity for an additional match, based on company performance, with a maximum match opportunity of 6% on your 6% of pay contributions.


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Employee Comments

Showing 1–10 of 93
  • Sep 12, 2017
    StarStarStarStarStar Current Employee in Boston, Massachusetts

    you get 3% if you invest 6%, may go up to 6% if company performs well.

  • Aug 31, 2017
    StarStarStarStarStar Former IT Manager, Production Support in Seattle, Washington State

    Excellent 401k plan, and matching program.

  • Aug 31, 2017
    StarStarStarStarStar Former Employee in Weston, Massachusetts

    great 401k matching plan. Really? I need to add more words?

  • Aug 22, 2017
    StarStarStarStarStar Former Employee in Seattle, Washington State

    Company matches your contribution essentially 3% of your salary (structured as half of the first 6% of your base salary, and a variable amount for the remaining half of the first 6% of your base salary depending on company performance). Company performance is not always great because there are foreign investments that could go south, completely out of employees' control. Starting in 2018, company match will be essentially 4% of your salary (structured as half of the first 8% of your salary, nothing else in addition for company performance because company performance is so poor).

  • Aug 08, 2017
    StarStarStarStarStar Former Senior Systems Engineer in Dover, New Hampshire

    Good matching, but it was a big percentage, so it cuts into your net pay.

  • Aug 01, 2017
    StarStarStarStarStar Former Senior Solutions Architect in Boston, Massachusetts

    Very good 401K Plan; generous

  • Jul 24, 2017
    StarStarStarStarStar Former Sales Team Member in Altamonte Springs, Florida

    I had quite a bit of money in my plan after working 3 years.

  • Jun 22, 2017
    StarStarStarStarStar Former Marketing in Boston, Massachusetts

    Liberty has been reducing its contribution to the 401k plan.

  • May 02, 2017
    StarStarStarStarStar Current Grade 17 in Boston, Massachusetts

    Employer match is mid-grade. Performance was outperformed by another from a previous employer.

  • Apr 26, 2017
    StarStarStarStarStar Current Claims Adjuster in Phoenix, Arizona

    I am not currently using the 401K plan, however my coworkers say it is pretty good.


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