469 employees reported this benefit
Sears offers its employees a 401(k) savings plan.
This information about the 401K Plan benefit at Sears is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Sears. The description here may not reflect the current Sears 401K Plan benefit.
have not matched in years.
no matching company benefit. Plan is ok though - lower cost
You are able to set up the 401K plan after 90 days but the worst thing about this is the company does not match the money so all of it is yours.
Sears does not contribute anything towards 401 but u r allowed to make contributions
They do not match at all. They did hire on a management company that was optional and cost $25 a quarter. It was well worth it because they made me a lot more money.
They no longer match your contributions into the program.
company does not contribute anything
The employer does not match what you put in.
No company match anymore
NO matching funds and stock purchase ; who would want to buy sears stock.