MITRE Employee Benefit: Retirement Plan | Glassdoor

MITRE Retirement Plan

Updated Jul 16, 2014

126 employees reported this benefit

4.3
StarStarStarStarStar

Employer Summary

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.


Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 18
  • Feb 20, 2019
    StarStarStarStarStarEmployee

    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!

  • Nov 29, 2018
    StarStarStarStarStar Current Employee in McLean, Virginia

    MITRE is very generous with this plan. It's great!

  • Jul 28, 2018
    StarStarStarStarStar Current Engineer in Bedford, Massachusetts

    50/50 health care till 65 with 10 years service

  • Jul 24, 2018
    StarStarStarStarStar Former Employee in McLean, Virginia

    Retirement plans are not as good as it used to be as before, and it is declining just like other companies.

  • Jul 19, 2018
    StarStarStarStarStar Current Employee in Bedford, Massachusetts

    Extremely generous contribution levels.

  • Jun 21, 2018
    StarStarStarStarStar Current Information Systems Engineer, Lead in McLean, Virginia

    MITRE has an extremely generous retirement plan (401K) with Fidelity Select plus an additional matching savings plan

  • Feb 23, 2017
    StarStarStarStarStar Former Adminstrative Assistant in Bedford, Massachusetts

    I was happy with the retirement plan. They help you decide what plan is best for you.

  • Jan 21, 2017
    StarStarStarStarStar Current Director in Bedford, Massachusetts

    Although not a 401K, the 403 plan is very generous with levels of MITRE match.

  • Dec 13, 2016
    StarStarStarStarStar Current Employee in Bedford, Massachusetts

    very good matching and very very complicated to understand

  • Sep 10, 2016
    StarStarStarStarStar Former Systems Engineer in McLean, Virginia

    Best, because of the 401A matching given to certain government institutions and non profits.


Work at MITRE? Share Your Experiences

MITRE
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or