220 employees reported this benefit
Eligible Merck employees can participate in a 401(k) plan with some company match; vested immediately.
This information about the 401K Plan benefit at Merck is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Merck. The description here may not reflect the current Merck 401K Plan benefit.
Merck provides average 401K plan and limited stocks. However, over the years of restructuring, the benefits are shrinking.
It adds up over time and free Fidelity counseling
Too many offerings creates paralysis. Match is excellent and low fees
cannot move accounts or take a loan
Still have a good matching program!
Not great but not bad either .75 cents for each dollar saved up to 6%
Many companies are no longer offering 401K matches. Merck not only provides a match they all have other saving options
75% match up to 6%
They offerec three percent match to every dollar you saved in this plan, which I think is excellent
They offer a plan and match 75% up to 6% (so 4.5% on a 6% employee contribution) which isn't horrible but many other companies offer better incentives these days. Roth 401k available which is an excellent addition