27 employees reported this benefit
Company matching for the 401k is very low.
It had a basic plan.
I didn't sign up for the 401k plan so I am not sure. However, they sent me a lot of packets in the mail that informed on how to sign up and the benefits of having one.
Waste of time because the match is so low.
Employer match was terrible and they don't pay out their portion of the match on a regular basis, only 1x per year. So if you happen to leave the company, you do not get your match for that year.
Silverado contributes the first 10% of $10,000.00 dollars in an employees 401k (which is $1000.00). Associates can contribute a percentage or Dollar amount from their pay check, but seriously how many employees that work a bit above minimum wage and that live pay check to pay check can afford this?
They don't match you as much as you would hope. It's very small.