Safeway Employee Benefit: 401K Plan | Glassdoor

Safeway 401K Plan

Updated Jul 20, 2014

270 employees reported this benefit

2.6
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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 50
  • Dec 31, 2018
    StarStarStarStarStar Former Mail Clerk in Pleasanton, California

    noting exciting noting new to tell

  • Nov 18, 2018
    StarStarStarStarStar Current Staff Pharmacist in Portland, Oregon

    Standard amount non taxable but no company match.

  • Oct 30, 2018
    StarStarStarStarStar Current Deli Clerk in Portland, Oregon

    That I know it's there, but takes a lot of hours to build up. I have a friend that has been there for almost 30 years, and all she has accumulated was 46,0000 towards retirement.

  • Sep 26, 2018
    StarStarStarStarStar Current Couresty Clerk in Shoreline, Washington State

    Exciting to save 401K is most important to have those saving

  • Sep 07, 2018
    StarStarStarStarStar Former Employee in Alameda, California

    Yes you do get a 401k

  • May 09, 2018
    StarStarStarStarStar Current Food Clerk in Seattle, Washington State

    matching amount is low low low but is because it has a pension plan

  • Apr 12, 2018
    StarStarStarStarStar Former Checker in Flagstaff, Arizona

    Provided a retirement savings account, but the employer match by Safeway was pitiful, and only full time employees were eligible at the time

  • Mar 15, 2018
    StarStarStarStarStar Current Grocery Checker in Portland, Oregon

    Indefrent i dont use it but feom what i saw in contract is standard match

  • 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.


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