230 employees reported this benefit
It's vanguard, decent fund selection, low fees. They match 100% of the first 3%, then 50% of the next 2% (so if you're contributing 5% the effective match is 4%)
Good match. Good options in terms of investment plans. High growth.
They cut the company match significantly. When I first started, they'd match up to 6%. Last I heard, it was only half of 3%.
Match is bad. Previous job matched a much higher rate. This is one area SAIC is sorely lacking in.
Small match - The Vanguard funds have performed very well
comparibale to what is offered on the market
Only a 4% contribution match for 401k
SAIC's 401k is through Vanguard. I can attest that SAIC does not match in all fringe packages, but some they do -- albeit, not much (5%), unless you're at management level. I was in a group that was accidentally matched at 5%, due to a glitch, for about two months; once HR found out about it, the company revoked what they contributed. Their 401k is a sham -- might as well get one on your own.
I don't remember how much they matched exactly but I remember it being far lower than other defense contractors I have worked at.
SAIC's 401K is great! Lots of options and mobility for managing your money either at a finite detail or high level depending on your desire.