25 employees reported this benefit
The plan has many options, and it allows you to invest in a low-fee version of the Lord Abbett funds.
They have a terrific matching program and profit sharing.
They match for every dollar you pay.
the best thing about it is they provide a decent match - the worst is you were only allowed to invest in Lord Abbett funds for the past 10-20 years (seems like a conflict of interest) & Merrill Lynch makes everything very difficult when you leave the firm
They offer a maximum of 3% to match salary 401(k) deduction which is very generous in this day and age. Very few companies match your salary deductions to invest in you.
It is quite generous but still way short of industry standard
Good plans, employer matching, more options to invest in all mutual funds with out any fee.
You could only purchase Lord Abbett funds.
Great 401k especially when you stay there for 2 years and become vested.
at par with peers, golden days are over