Safeway Employee Benefit: 401K Plan | Glassdoor

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Safeway 401K Plan

Updated Jul 20, 2014

235 employees reported this benefit

2.4
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Employer Summary

Safeway offers a 401k plan.

This information about the 401K Plan benefit at Safeway is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Safeway. The description here may not reflect the current Safeway 401K Plan benefit.


Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 43
  • Dec 29, 2017
    StarStarStarStarStarEmployee

    If you are highly paid, do not rely on the 401-k plan to build up much for retirement. There is no match (Safeway contributes just 2% of your salary to the "retirement plan", but nothing to the 401-k, giving little incentive for many to contribute. This makes the plan "top-heavy" according to IRS guidelines, and anything beyond about 8,500/yr which you would like to contribute in order to lower your horrible Federal and State taxes (especially in Oregon and California), will be refunded to you just prior to the mandated deadline in the spring of the following year, so it counts as income. If you all banded together and demanded a better plan, perhaps top management would listen, but as of right now, requests for restructuring the 401-k to provide incentives for lower-paid people to contribute (ie true employer matching) is falling on deaf ears.

  • Dec 18, 2017
    StarStarStarStarStar Current Deli clerk in Portland, Oregon

    Could really use the 401k program, for I plan to stay with Safeway, till i retire.

  • Nov 25, 2017
    StarStarStarStarStar Former Front End Clerk in Fremont, California

    But need to call corporate and set up a plan

  • Sep 05, 2017
    StarStarStarStarStar Current Deli Clerk in Florence, Oregon

    Safeway only matches the employee up to 3% of what the employee has deducted for 401k.

  • May 08, 2017
    StarStarStarStarStar Current Cashier in Peyton, Colorado

    I have had no problems and feather enjoy the.401k plan that is offered it was easy to set up the people were nice and help ful over all a plesent .experance

  • May 06, 2017
    StarStarStarStarStar Former Employee in Newark, New Jersey

    Never properly informed on it. Most part-timers are not even expected to hang around long enough to actually benefit from it anyways.

  • Mar 10, 2017
    StarStarStarStarStar Current Safeway Checker in Alameda, California

    Based on store employees' conversations

  • Mar 03, 2017
    StarStarStarStarStar Former Stock Clerk in Los Angeles, California

    It existed. I didn't do it because I was making such a small amount of money and needed every cent I had for college.

  • Mar 01, 2017
    StarStarStarStarStar Current PIC/Head Clerk in Westminster, Colorado

    401k is great, when money needed for hardship, there very helpful.

  • Jan 17, 2017
    StarStarStarStarStar Current Employee in Spokane, Washington State

    great if you can afford to put in more for OUR future as we work harder with less hours


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