Qualcomm Employee Benefit: 401K Plan | Glassdoor

Qualcomm 401K Plan

Updated Aug 11, 2014

628 employees reported this benefit

3.9
StarStarStarStarStar

Employer Summary

Description

  • Pretax and post-tax roth savings through payroll deduction
  • Company match of employee contribution: 100% on first $1,500, 50% on the next $1,500, 33% on next $7,500, and 10% thereafter
  • 50% vested after 1 year, 100% after 2 years
  • Loans available
  • Fidelity, Vanguard and other Mutual Funds & Self Directed Brokerage Link
  • Employee may enroll, suspend and make changes to contributions at any time

Eligibility

  • All regular status employees age 18 and older

Eligibility Date

  • Date of hire

Employee Contribution

  • Flat dollar amount or percentage of eligible compensation (minimum 1% of salary)
  • Maximum 100% of salary up to annual IRS deferral limit, and less other elective deferrals and required deductions
  • Make up contributions permitted for employees age 50 and over


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

Employee Comments

Showing 1–10 of 105
  • Mar 30, 2019
    StarStarStarStarStar Current Sr Engineer in San Diego, California

    5k free money for 18k employee match

  • Feb 27, 2019
    StarStarStarStarStar Former Employee in Austin, Texas

    Nothing great. tier'ed formula for company match. Works out good if you max out the irs limit.

  • Feb 13, 2019
    StarStarStarStarStar Former Senior Software Engineer in San Diego, California

    Matches $1,500 at 100%, next $1,500 at 50%, next $7,500 at 33%, then 10% to max contribution. Can take out loans and many investment options.

  • Jan 29, 2019
    StarStarStarStarStar Current Employee in San Diego, California

    100% match for the first portion

  • Jan 16, 2019
    StarStarStarStarStar Former Employee in San Diego, California

    matches up to 3% of employee's salary, and 1.5% on next 3% of employee's salary. Not great but not too bad

  • Jan 08, 2019
    StarStarStarStarStar Current Employee in San Diego, California

    good match of 401k plan

  • Dec 01, 2018
    StarStarStarStarStar Current Staff Systems Hardware Engineer in San Jose, California

    good match from company i think upto 18k

  • Nov 28, 2018
    StarStarStarStarStar Current Employee in San Diego, California

    Company provides match. Good selection of 401k plans.

  • Nov 25, 2018
    StarStarStarStarStar Current qualcomm in San Diego, California

    max 5000 match for 401k

  • Nov 16, 2018
    StarStarStarStarStar Current Software Engineer in San Diego, California

    $5000 match from Company per year


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