76 employees reported this benefit
Pep Boys offers employees an employer-matched 401(k) plan.
This plan is 401k plan can be customized
Up to 5% company matching
Match 50% up to 6% of your contribution
They match 50% of the first 6% of your salary. Some years have not had the match but the last few have.
Company Match was .50 on the dollar up to your first 6% of contribution. A few years there was no match due to company not achieving Profit targets for the year.
The worst thing about the 401k is that I can't afford to contribute to it because the pay is substandard. Too low to set anything aside for a rainy day, much less for retirement.
I find investing a retirement plan in the age to be a complete waste of money
only match half of 6%
The 401k as any other 401k is the same.
it was good and profit sharing stock was good too