69 employees reported this benefit
Great way to save money and take a loan where you pay interest to your self
Good 403b plan and profit sharing
Money is not contributed until the end of the year and match is low.
The company contributes the greater of $1400 or 2% of the salary per year. After one year, Mercy matches at 6%.
50% match of the 1st 6% of your salary (typical of most plans), but they give an additional 2% at year-end or a $1,400 minimum. Then there is a possible 1-3% on top of that based on year-end earnings.
I was very satisfied with their 401K ratio
Matches up to 6% to 401K and pension
The company offered 4% match contribution. This was managed very well by the financial management company and had many options.
Match is 50% up to 6% of comp. In other words, they contribute up to 3%.