456 employees reported this benefit
U.S. Bank offers a 401(k) Savings Plan.
This information about the 401K Plan benefit at U.S. Bank is the result of research by Glassdoor editorial staff, and was not provided directly by a representative of U.S. Bank. The description here may not reflect the current U.S. Bank 401K Plan benefit.
no contributions until after 1st full year
Relatively small match at 4%
Decent match as expected from any employer.
Matching is also somewhat less than other firms.
Not vested until employed for three years, so no company match until then
Good company match with the 401k, can start contributing the first month.
Pretty standard plan, 4% safe harbor match. One year of service to be eligible for match.
Company only does annual match and does not match for the first year of employment. By only matching once a year you lose out on potential compounding interest. 4% match
standard practice in the bank industry
They match 100% on the first 4% and do not let you start contributing until one year of service is completed. Other companies of this size match 100% of the first 5 or 6 %. They do offer a pension, which a lot of companies no longer do.