206 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.
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
Company matching was great, but was not the full amount that they advertised! You were able to take small loans from your 401k without any drawbacks and that was super helpful
They match up to 6%
There is a .75% match up to 6% of your salary. There is also a pension plan. I think vesting happens after five years of service.
They match up to a pretty common percentage based on age.
Good plan with Fidelity however fund selection is somewhat limited in certain catagories. Some of the fund choices have high fees that will eventually cut into retirement value.