Lincoln Electric Employee Benefit: 401K Plan | Glassdoor

Lincoln Electric 401K Plan

33 employees reported this benefit

2.6
StarStarStarStarStar
This benefit does not have a summary yet. Work here in HR?   Add a summary

Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 17
  • Jun 10, 2019
    StarStarStarStarStar Former Engineer in Cleveland, Ohio

    They give you a match and make a deposit for you

  • May 10, 2019
    StarStarStarStarStar Former engineer in Euclid, Ohio

    this is was good with matching but only small amount matched

  • Nov 04, 2018
    StarStarStarStarStar Current Employee in Euclid, Ohio

    3% matching, run through Fidelity.

  • Feb 08, 2018
    StarStarStarStarStarEmployee

    Fantastic program. 3% of what employee puts in is matched and in addition to that another 3% of total compensation is matched

  • Sep 03, 2017
    StarStarStarStarStar Former Systems Development Intern in Cleveland, Ohio

    The best thing about the benefits program is that you really feel they are working their hardest to get you the best benefits possible, other than the no gym membership benefit, which would obviously be nice to get.

  • Feb 17, 2017
    StarStarStarStarStar Current Manufacturing Engineer in Euclid, Ohio

    6% match is adequate at best. The company frequently turns the match off, leaving you with no help for retirement.

  • Feb 14, 2017
    StarStarStarStarStar Current Sales Engineer in Cleveland, Ohio

    This year there was a change that negatively affected people with 10 years+ experience. Now it is a 3% match no matter how long or how much you make

  • Jan 28, 2017
    StarStarStarStarStar Current Employee in Euclid, Ohio

    No matching contribution in 2016.

  • Jan 02, 2017
    StarStarStarStarStar Former Engineer in Cleveland, Ohio

    Suspended for most of 2016, reinstated for 2017. When it was running in 2016, they would match 35% of 6% of your salary.

  • Nov 26, 2016
    StarStarStarStarStar Former Assembler in Euclid, Ohio

    They will match you if the company is doing well but when it's bad they stop matching even sold retirees 401k to another company that would put in alot less than Lincoln would


Work at Lincoln Electric? Share Your Experiences

Lincoln Electric
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or