Liberty Mutual Insurance Employee Benefit: 401K Plan | Glassdoor

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Liberty Mutual Insurance 401K Plan

Updated Jan 14, 2016

351 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 98
  • Feb 06, 2018
    StarStarStarStarStar Former Employee in Boston, Massachusetts

    Standard 401(K) options. Low company match meant I was less inclined to contribute more at a time when I'd rather the cash in my bank account.

  • Feb 01, 2018
    StarStarStarStarStar Former Senior Claims Adjuster in Rocklin, California

    They match 8 or 9 percent which is more Than they used to at 6%

  • Jan 04, 2018
    StarStarStarStarStarEmployee

    Compang matches at 50% for up to 6% of salary contribution

  • Dec 09, 2017
    StarStarStarStarStar Current Software Developer in Seattle, Washington State

    The 401k plan is low-cost, but the match is low and it doesn't have a wide variety of options.

  • Nov 07, 2017
    StarStarStarStarStar Former Sales Representative in Exton, Pennsylvania

    good match and contribution assistance

  • 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.


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