228 employees reported this benefit
Similar to most companies currently
They match pay. So you should sell as much as possible to get the best 401k.
You get what you pay
The 401(k) plan isn't much better than just investing on your own, because honestly, that's mostly what you're doing. You're taking your own money and being railroaded into investing in a plan that's cherrypicked for you (by people whose financial incentives may differ from your own). The only benefit is it doesn't count as taxable income. I'm not sure what the fee structure is on the default 401)k) plan, because it's as clear as mud, but it's probably higher than a good Index fund, which is what you should be invested in if you're young and just saving for retirement. Mattress Firm's match is a joke. It's a fraction of a fraction of your gross income. You'll get, at most, a few hundred dollars a year from it. I guess it's better than nothing...but only just barely.
it was very good, well managed.
Better now that they reinstated the company match.
Better with reintroduction of match
Was matching when I started then a month later they took it away entirely. Now a year later its back to matching. This company is not consistent.
401k is still available, and there is a great marketplace, however they have currently stopped 401k match.
401k is great when it gets matched. Matching has been stopped in effort to save prisoners oops i mean employees, I need it back today, nobody is guaranteed to live tomorrow...