13 employees reported this benefit
Principle Financial Group offers 401K Investments, savings, and a loan policy if needed. Parkview has a very unique feature that most employers don’t offer with their 401(k) plans. After you’ve worked 1,000 hours in one year, Parkview starts contributing an amount equal to 4% of your gross pay, even if you’re not contributing. It’s like getting a 4% raise! Parkview also starts matching half of the first 3% you contribute at that point. Parkview also offers free individual meetings with licensed financial professionals twice a month. For addition information, please call Jeanne at (719) 595-7588
It is not greater or worse than other top ten fortune five hundred companies I have worked for. I was very impressed at the organization and performance of our plan
Parkview has a good 401k plan with a 5% matching bonus. I would call it competitive, however making changes to the balancing and funds invested is more complicated.
They match at a very generous percentage, I also like that they increase my contribution every year.
You have to wait a full year before having the option to have the employer match. Just let us match starting day 1. Even worse, if you don't stay at least 7 years, they have a percentage scale on on how much they take back of their own money, so it's not even them matching. I.e. if you stay for 2 years, you get 20% of they money they matched. If you stay 3 years you get 40% if the money they matched. etc.
It seems to be a good package.
They remove the money from our paycheck.