401K plan is automatic once hired
Knowing right at the start from the interview process that you can retire in 20 years is a HUGE accomplishment and can give ease to those who are on a "time crunch" and are wanting to know when they can relax and retire and be stable for themselves and their family.
401(k) matches 5%, pensions were eliminated about a year ago which is what was keeping me there. Has gone down hill from years before.
Not too familiar with this, but between your 401k and SS and Pension, you are gonna be rich!
I cant say because I haven't used it yet but so far so good.
Was a good additiOn to company
Voya provided several options for investing for retirement where you select your percentage to contribute.
The retirement plan is ending (for management employees) in 2022.. New hires are not going to be fully vested by then, I am unsure if they would get a partial pension. But with the 401k, the company still provides good opportunity to save.
Roth 401k or a plain 401k option
top of the line benefit