MIT Employee Benefit: 401K Plan | Glassdoor

MIT 401K Plan

Updated Jun 05, 2017

134 employees reported this benefit

4.5
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Employer Summary

The MIT Supplemental 401(k) Plan (referred to as the 401(k) Plan) helps eligible employees save and invest for retirement while receiving certain tax advantages. MIT will match up to 5% of your pay in contributions to the 401(k) Plan.

You choose how your contributions — and MIT's matching contributions — are invested. Administrative and recordkeeping services for the 401(k) Plan are provided by Fidelity Investments.

Effective January 1, 2017, you have the option to save in the 401(k) Plan with Roth post-tax contributions.

Learn more: http://hrweb.mit.edu/benefits/401k.


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Employee Comments

Showing 1–10 of 23
  • Oct 23, 2019
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    MIT match up to 5% of the salary.

  • Sep 13, 2019
    StarStarStarStarStar Current Administrative Assistant in Cambridge, Massachusetts

    Vanguard, matching up to 5% after 3 years of working there.

  • Jun 04, 2019
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    Pretty robust 401k plan and other retirement benefits

  • Mar 12, 2019
    StarStarStarStarStar Former Employee in Cambridge, Massachusetts

    Yes, there is a 401K Plan. It was not included in my position since I was an intern. A full time position can expect a 401K Plan.

  • Sep 21, 2018
    StarStarStarStarStar Current Development Assistant in Cambridge, Massachusetts

    5% match is great. good flexibility in investment options. also a pension plan available

  • Sep 19, 2017
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    5% matching with Fidelity.

  • Sep 04, 2017
    StarStarStarStarStar Current Assistant Director in Cambridge, Massachusetts

    MIT has a matching program.

  • May 02, 2017
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    they match up to 5% and are good at investing :)

  • Nov 04, 2016
    StarStarStarStarStar Current Postdoctoral Associate in Cambridge, Massachusetts

    100% match up to 5% of salary

  • Sep 08, 2016
    StarStarStarStarStar Former Administrative Assistant II in Cambridge, Massachusetts

    5% matching is good. Easy to access online through Fidelity.


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