MIT Employee Benefit: 401K Plan | Glassdoor

MIT 401K Plan

Updated Jun 05, 2017

108 employees reported this benefit

4.4
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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 19
  • 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.

  • Jun 07, 2016
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    The 5% matching is pretty nice when you consider that is in addition to the pension plan.

  • Mar 31, 2016
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    Good match to what you put in

  • Mar 03, 2016
    StarStarStarStarStar Current Employee in Cambridge, Massachusetts

    good as other companies, we can submit 5%

  • Sep 13, 2015
    StarStarStarStarStar Current Assistant Professor in Cambridge, Massachusetts

    the 401k is just regular


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