40 employees reported this benefit
The 401k plan offers a diversified list of investment options. Automatic enrollment at contribution level of 6% with opt-out/change period at hire. Pre-tax contributions and post-tax Roth contributions available through payroll deduction. Plan participants may receive a discretionary annual company match (50% match of deferral up to 6% of compensation) determined annually by the Board of Directors. Company matching funds are issued once a year – plan participants must be actively employed on December 31 to receive matching funds. Both employee and employer contributions are 100% vested.
Company doing some matching to its 401k
That they actually match, but don't expect to be paid out for vacation time when you leave your job. Most companies pay it out when you leave because its' earned time.. They don't here.
It's through fidelity which doesn't have the best track record. I plan on saving my money myself, so I wouldn't know how good the 401k plan is.
They do match, they do use Fidelity. They don't match if you don't stay a full year.
Good 50 cents on the dollar until 6k$
The matching amount could be higher for a stable growing company our size, and match could be quarterly not yearly...that makes no sense, just a way for the company to save a buck off our high employee turnover. But Fidelity offers some very good retirement plan options, lots of variety of high-quality choices.
It is basically the same as most other 401k plans offered at other companies.
The company will only match up to 6% of your total contribution. This was a first for me since most of my previous employers would at least match your contribution.
Match happens at the end of the year.
They match 50% of your first 6% contribution, but you have to be an employee on December 31st to get your year's contribution.