Savage Employee Benefit: 401K Plan | Glassdoor

Savage 401K Plan

25 employees reported this benefit

3.3
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Available to US-based employees (Change location)

Employee Comments

Showing 1–10 of 10
  • Nov 26, 2018
    StarStarStarStarStar Former Employee in Salt Lake City, Utah

    Basic matching for Company relative to competition

  • Aug 18, 2018
    StarStarStarStarStar Current Employee in Midvale, Utah

    Better than most plans offered

  • Jul 28, 2018
    StarStarStarStarStar Current Director in Midvale, Utah

    Subpar. Poor match, company profit sharing is not in line with what senior leadership claims the growth of the company and profits are!

  • Jun 19, 2018
    StarStarStarStarStar Current Switchman in El Dorado, Kansas

    Best thing about the plan is the ability to take loans and withdrawals at a mere 2k in the account. Con. Not fully vested for 6 years.

  • May 24, 2018
    StarStarStarStarStar Current Employee in Midvale, Utah

    Well managed, easy to understand

  • Mar 13, 2018
    StarStarStarStarStar Current Director of Operational Solutions in Midvale, Utah

    Company matches up to 50% of your contribution, based on years of employment. Also, the company match is always 100% vested. For <2 years employment, they match 25% of your contribution. For 2-4 years, 35%, and for 4+ years 50%. You can contribute any amount, the Savage match applies to your first 8%. For example, if you contribute 8%, and have worked at the company for 5 years, they will match 50%, which means they'll contribute 4% of your salary for a total of 12%.

  • Jul 11, 2017
    StarStarStarStarStar Former Employee in Midvale, Utah

    The 401(k) gives you piece of mind to take you into retirement.

  • Jun 01, 2016
    StarStarStarStarStar Current Locomotive operator in Delaware City, Delaware

    Good employer match rate. Profit sharing goes into 401k yearly

  • Mar 29, 2016
    StarStarStarStarStar Former Truck Driver in American Fork, Utah

    Started with Charles Swhab and I lost some Money. They now have a new firm. To late for me.

  • Feb 12, 2016
    StarStarStarStarStar Former Employee in Salt Lake City, Utah

    Recently changed administrators from Chuck Schwab to Vanguard. The company's matching is a less generous than what I hear from employees of other companies.

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