Raytheon Employee Benefit: 401K Plan | Glassdoor

Employee Comments

Showing 11–20 of 162
  • Dec 13, 2018
    StarStarStarStarStar Current Employee in Waltham, Massachusetts

    Raytheon has a generous 401K match that starts on day 1

  • Nov 14, 2018
    StarStarStarStarStar Former Operations Manager in McKinney, Texas

    Raytheons 401K program was through Fidelity. There were a number of options available which allowed for investing options at your comfort level.

  • Oct 29, 2018
    StarStarStarStarStar Former Employee in Tucson, Arizona

    Fidelity has low expense ratios, so that's a plus. The company match was unimpressive.

  • Oct 04, 2018
    StarStarStarStarStar Current Employee in Woburn, Massachusetts

    The 401k includes a 3% match for the first three years then a 4% match after

  • Sep 03, 2018
    StarStarStarStarStar Former Employee in Fort Wayne, Indiana

    The benefit was really good

  • Jul 29, 2018
    StarStarStarStarStar Current Systems Engineer in Washington, District of Columbia

    Decent 401k plan. No issues

  • Jul 15, 2018
    StarStarStarStarStar Current Employee in Tucson, Arizona

    The matching percentage is not keeping up with inflation.

  • Jul 03, 2018
    StarStarStarStarStar Current Logistics Specialist in Woburn, Massachusetts

    Traditional and Roth are offered, but only 3% match

  • Jun 30, 2018
    StarStarStarStarStar Current Employee in Aurora, Colorado

    Matching 100% up to 4%

  • Jun 21, 2018
    StarStarStarStarStar Current Sr. Electrical Engineer II in Andover, Massachusetts

    A little complicated: 100% match to first 3% (before 5 years) 4% (after 5 years) this is immediately vested. PLUS an additional 2.5 to 7% based on years of service and age at hiring date (you're penalized for starting before 30 yrs old). The extra amount starts after 1 year and is 100% vested after 3 years of service. You can contribute (your part) up to federal limits in addition. Fidelity administers the 401k. There are 15-20 typical choices of investments, plus the opportunity to manage your own in other fidelity choices.

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