138 employees reported this benefit
Excellent 401K program. Contributes whether you do or not. Easy to maintain and keep up with balances
best that they offer it
They Match your 401 with %
They will start to match your 401k once you have worked 1000 hours with the company before December.
Only a 3% match, and it takes 6 years to be fully vested. The decision to change the policy to depositing the match after 12/31 (if you are still employed at 12/31) contributed to my decision to leave the company. This was viewed by most as a punishment for hard work.
Completely standard for the industry/market
The 401k plan was interesting. The vesting was similar to a lot of other companies, but it seemed they would contribute not too much after a long time working there.
You can opt in or out at anytime. Company match increases with time at the company.
100% match is good and every year of service you can contribute more
Best: If you work there for 25 years you get 9% match, and the 3% match is standard Worst: It takes 5 years to be fully vested and they pay your match out at the end of the year so you are not able to collect any potential gains and if you leave before a certain date in the year, you lose that years match.