133 employees reported this benefit
Sprouts Farmers Market offers a 401k plan with matching employer contributions.
This information about the 401K Plan benefit at Sprouts Farmers Market is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of Sprouts Farmers Market. The description here may not reflect the current Sprouts Farmers Market 401K Plan benefit.
401k does not start, but is done by an outside company
I forget what you get but it's something. You have had to have been with the company for a year I believe
Matches 50% of every dollar you contribute up to the first 6% of your eligible pay
Not great and takes a while to vest; difficult to get started
Great match up front and well managed
Sprouts does not pay enough to save any monies.You better have retirement saved from previous employment if you work at Sprouts.
It is only a 3% contribution, which is something, yet most people dont make much to start so it is very difficult to get the full value out of the way a 401K was designed to be a benefit
I cant afford it since I dont get 40 hours a week even as a full time manager.
They match half of the first six. But no one thinks they can afford it so they opt out. They switched from financial mutual to fedility and never told the employees.
I guess it's good, I contribute so hopefully it pays off for the lack of hourly wage here.