48 employees reported this benefit
Michael Baker International offers a 401(k) plan for employees to invest and save for retirement. The plan offers a pre-tax or ROTH employee contributions and the company provides a matching contribution on a quarterly basis.
To help maximize investment options and retire savings, employees have 24/7/365 access to online retirement planning advice and tools through the company’s 401(k) plan record-keeper.
they would match up to 4.5% and vest after 3 years.
Michael Baker offers an attractive employer match. The funds available for investment are diverse and reputable.
Michael Baker International has a very good benefits package and can be negotiated during the onboarding process. Very good benefits when compared to other firms.
Its the normal general 401K Plan like all other companies
401 K employee match used to be 6.5% but they changed it to 5.5 a few years ago.
The Standard is not standard, if you are accustomed to Fidelity, T Rowe Price or other well known companies. They have far less options, some not as well known, and they aren't as savvy.
Company should consider an ESOP
We have changed 401K plans three times in three years. The new plan doesn't seem to be the same quality as the old plans, and the change appears to have been motivated solely to save the company money to pay the c-level more.
If I pay 6%, they pay 4.5%