316 employees reported this benefit
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.
you get 3% if you invest 6%, may go up to 6% if company performs well.
Excellent 401k plan, and matching program.
great 401k matching plan. Really? I need to add more words?
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).
Good matching, but it was a big percentage, so it cuts into your net pay.
Very good 401K Plan; generous
I had quite a bit of money in my plan after working 3 years.
Liberty has been reducing its contribution to the 401k plan.
Employer match is mid-grade. Performance was outperformed by another from a previous employer.
I am not currently using the 401K plan, however my coworkers say it is pretty good.