443 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.
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.
Up to a 4% match and low management fees for a basic target date plan.
Excellent plan, and matching contributions. Also, US Bank investment reps were always willing to give advice & answer any questions.
You only get 30 days to decide to opt into the 401k plan when you first start working there.