McMaster-Carr Employee Benefit: Retirement Plan | Glassdoor

McMaster-Carr Retirement Plan

Updated Jul 21, 2014

110 employees reported this benefit


Employer Summary

McMaster-Carr provides a retirement savings plan.

This information about the Retirement Plan benefit at McMaster-Carr is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of McMaster-Carr. The description here may not reflect the current McMaster-Carr Retirement Plan benefit.

Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 13
  • Jan 31, 2019
    StarStarStarStarStar Former Merchandising Coordinator in Elmhurst, Illinois

    you become vested after about a year at the company

  • May 08, 2018
    StarStarStarStarStar Former Employee in Aurora, Ohio

    Zero employee contribution but very few people last the six years it takes to be fully vested - they often terminate people just before the calendar year ends so the company doesn't have to vest them another 20% in the plan.

  • Oct 19, 2017
    StarStarStarStarStar Former Employee in Aurora, Ohio

    Company invests 25% of your base salary into an employee owned trust every year. The trust has decent returns. No additional employee contribution is possible. It takes 6 years to become fully vested in the retirement.

  • Sep 22, 2017
    StarStarStarStarStar Former Product Support Representative in Aurora, Ohio

    Best part of it all. 100% employer contributed. Professionally managed trust fund that has great growth.

  • Sep 11, 2017
    StarStarStarStarStar Former Employee in Elmhurst, Illinois

    Unbelievably good. Most years McM invests an amount equal to a quarter of each employee's salary on their behalf for retirement.

  • Apr 10, 2017
    StarStarStarStarStar Current Employee in Cleveland, Ohio

    Not guaranteed, but generally 25% of salary put into a retirement fund managed by the company's money managers. No matching contributions from the employee.

  • Jun 14, 2016
    StarStarStarStarStar Former Business Operations Specialist in Santa Fe Springs, California

    Great if you can get 100% vested, but good luck getting to that point at 5 year marker. (20% vested each year of service)

  • Apr 02, 2016
    StarStarStarStarStar Former Warehouse Operations Specialist in Robbinsville, New Jersey

    I did not become fully vested.

  • Oct 02, 2015
    StarStarStarStarStar Former Employee in Elmhurst, Illinois

    No contribution from employee. All paid for by company.

  • Sep 01, 2015
    StarStarStarStarStar Former Employee in Elmhurst, Illinois

    Very good retirement plan/profit sharing if you get vested

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