45 employees reported this benefit
Typical 401k matching plan, which is fine.
3% match if you put in 6%
It was exceptable. Not great and hard to understand
6% dollar for dollar is not bad at all.
It is fantastic and employees are vested in just 1 year. It's fantastic. More employees need to use it. It's awesome.
They match 1/2 of what you put in. They make it harder to opt out which I've done a lot in the past and shouldn't have
You have a lot of control over your 401k at Mohawk. Company matching is a major plus too as not all employers do this.
Pretax pay roll deduction makes it easy to save, but match is low for a company that size.
They help you build your 401k and choose how much you want to take out
The 401k is administered by Fidelity Investments, and offers a small variety of investment options, but there are ways to diversify investments through the plan, which make the plan better than some, but not as good as most corporate employers.