74 employees reported this benefit
401K match at end of year
I believe the 401k company contribution changed each year depending on company growth and profitability. Never know what you’ll get!
They give you a 401k but you will never see it matched because the average tenure is 6 months. They make you automatically contribute to your 401k day 1 a minimum of $100.
They just started giving a match and it's extremely low. Prior to that there was nothing.
The 401K is pretty basic and offers just about as much as any other 401k plan.
You have to pay quarterly "admin fees" out of your retirement nest egg and they are substantial.
The fact that the match is not monthly or quarterly. The board approves the match after the year ends to see how the company did that year. The match isn't added to your account until Feb or March of the following year.
company contribution increase every year
Employee is automatically enrolled to contribute 3%. Which is nice because you don't have to think about it. Company matches 33% on the first 6% of eligible compensation that you contribute to your 401(k).
it is poorly matched and always posts losses. I don't think I have seen a single report with growth