Owens-Illinois Employee Benefit: 401K Plan | Glassdoor

Owens-Illinois 401K Plan

Updated Dec 11, 2017

25 employees reported this benefit

4.0
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Employer Summary

O-I offers a generous, award-winning 401(k) Plan.

  • O-I will automatically contribute 3% of your base salary to the 401(k) Plan on your behalf. You do not have to contribute to the Plan to receive this benefit and it is immediately 100% vested.
  • Your investments are then matched 50% by O-I to your account. The 50% Company match is in O-I Company stock and is on your contributions of up to 10%. The maximum Company match is limited to 5% of credited earnings. You may elect to contribute more than 10% to your account on a pre-tax basis.


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Employee Comments

Showing 1–7 of 7
  • Nov 23, 2018
    StarStarStarStarStar Former Employee in Lexington, North Carolina

    Good plans great service . They use John Hancock financial.

  • May 08, 2017
    StarStarStarStarStar Current Customer Service Representative in Perrysburg, Ohio

    Best match ever. Up to 10%.

  • Jul 03, 2016
    StarStarStarStarStar Current Carton Assembler in Streator, Illinois

    The 401k is great because of the options. We have the option to choose how much to contribute and also an option with many different ways to invest.

  • Jun 02, 2015
    StarStarStarStarStar Former Employee in Perrysburg, Ohio

    The plan provides Immediate vesting which is fantastic.

  • Jan 21, 2015
    StarStarStarStarStar Former Regional Environmental Manager in Perrysburg, Ohio

    NY Life backed management of 401k plan. A nice option not offered by all companies was the ability to take a personal guaranteed loan out against your account.

  • Jan 14, 2015
    StarStarStarStarStar Current Employee in Perrysburg, Ohio

    Company match is in stock with no voting rights associated.

  • Sep 20, 2014
    StarStarStarStarStar Former Process Facilities Specialist in Perrysburg, Ohio

    Match up to 8% of your contributions

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