Omnitracs Employee Benefit: 401K Plan | Glassdoor

Omnitracs 401K Plan

Updated May 01, 2018

40 employees reported this benefit

3.2
StarStarStarStarStar

Employer Summary

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.


Employer Verified
Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 13
  • Nov 05, 2018
    StarStarStarStarStar Current Employee in San Diego, California

    Company doing some matching to its 401k

  • Feb 06, 2018
    StarStarStarStarStar Current Employee in Dallas, Texas

    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.

  • Dec 24, 2017
    StarStarStarStarStar Current Associate Software Engineer in Dallas, Texas

    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.

  • Aug 26, 2017
    StarStarStarStarStar Current Employee in Dallas, Texas

    They do match, they do use Fidelity. They don't match if you don't stay a full year.

  • Jul 25, 2017
    StarStarStarStarStar Former Intern in Dallas, Texas

    Good 50 cents on the dollar until 6k$

  • Jun 20, 2017
    StarStarStarStarStar Current Employee in Dallas, Texas

    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.

  • Feb 15, 2017
    StarStarStarStarStar Former Employee in Dallas, Texas

    It is basically the same as most other 401k plans offered at other companies.

  • Feb 11, 2017
    StarStarStarStarStar Former Inside Sales Representative in Dallas, Texas

    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.

  • Dec 30, 2016
    StarStarStarStarStar Current IT in Dallas, Texas

    Match happens at the end of the year.

  • Oct 24, 2016
    StarStarStarStarStar Current Software Engineer in Dallas, Texas

    They match 50% of your first 6% contribution, but you have to be an employee on December 31st to get your year's contribution.


Work at Omnitracs? Share Your Experiences

Omnitracs
  • Star
  • Star
  • Star
  • Star
  • Star
 
Click to Rate
or