126 employees reported this benefit
MITRE has a retirement plan for employees with pre-tax or after-tax contributions and company matching.
This information about the Retirement Plan benefit at MITRE is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of MITRE. The description here may not reflect the current MITRE Retirement Plan benefit.
I've never come across a more generous, or even equally generous, contribution match level. The formula is a bit complicated, but the bottom line is if you're fully capturing the match (which everyone always should), the employee puts in 12% of their salary, and MITRE matches it with 10% of their salary. It's true that it used to be even better, but it's continued to do its job of keeping me from accepting offers from other prospective employers. It's kind of a diabolical scheme if you think about it: other employers are only allowed to offer you so much more than your current base pay, but that doesn't take into account the enormous differences in tax-free retirement money. Golden handcuffs. Good for MITRE!
MITRE is very generous with this plan. It's great!
50/50 health care till 65 with 10 years service
Retirement plans are not as good as it used to be as before, and it is declining just like other companies.
Extremely generous contribution levels.
MITRE has an extremely generous retirement plan (401K) with Fidelity Select plus an additional matching savings plan
I was happy with the retirement plan. They help you decide what plan is best for you.
Although not a 401K, the 403 plan is very generous with levels of MITRE match.
very good matching and very very complicated to understand
Best, because of the 401A matching given to certain government institutions and non profits.