What's your company 401k contribution

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swellkarl
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Re: What's your company 401k contribution

Post by swellkarl »

6% match plus an additional 4% into a 401k at Vanguard. No pension.

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Walleyewhacker
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Re: What's your company 401k contribution

Post by Walleyewhacker »

5% match on 401K. Profit sharing, was 4% last year. No Pension
parhur
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Re: What's your company 401k contribution

Post by parhur »

IR (Ingersoll-Rand) a few years ago gave us the option of either continuing with the pension or freeze it and would then let us put that 2% from the pension into the 401 K. They would match 6% plus the 2% into the 401k. I chose to freeze the pension and roll the dice in the market. On a side note it is scary how many people have no clue on what there money is invested in but know all the stats on there fantasy football team.
mattshwink
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Re: What's your company 401k contribution

Post by mattshwink »

Mine: 3% match
Wife: 7.5% match
JDDS
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Re: What's your company 401k contribution

Post by JDDS »

Since I am a sole proprietor I make an employer profit sharing contribution rather than a match. When I do the max 20%, at this point it's more than the salary deferral.
hoeboe
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Re: What's your company 401k contribution

Post by hoeboe »

Megacorp gives me 2% plus matches 1/1 up to 4%, so max of 6% total. this is inclusive of all bonus, profit sharing, etc. If your pay is over $250k, they'll put the match over and above into a NQ deferred account.

People hired after about 2005 only get the match, no 2%.
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HalfMillionaire
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Re: What's your company 401k contribution

Post by HalfMillionaire »

Large public University puts 10% of salary in a 401A account if employee puts 5% of salary in 403B. In addition there is a 457. So all in all - quite good. No pension. The 10% match only starts after one year of employment - so right now I am not getting any :-(
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HalfMillionaire
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Re: What's your company 401k contribution

Post by HalfMillionaire »

Quite impressive!
llama wrote:$9,000 (50% match up to the 18k limit)
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Detroittl
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Re: What's your company 401k contribution

Post by Detroittl »

5% and a pension. Going up to 10% in 2 years after 10 years of service.
Dru
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Re: What's your company 401k contribution

Post by Dru »

About 7%, regardless of what I contribute, no extra match, + pension

Spouse: no match, + pension.
Wagnerjb
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Re: What's your company 401k contribution

Post by Wagnerjb »

The company from which I recently retired would match the first 6% of pay saved in the 401k plan. They also contributed an amount equivalent to between 7-9% of your pay to a defined contribution pension plan (this plan replaced the traditional defined benefit pension for those hired after around 2004).
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Re: What's your company 401k contribution

Post by Call_Me_Op »

200% match on 5% employee contribution. :)
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stemikger
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Re: What's your company 401k contribution

Post by stemikger »

Mine puts in 5% of your salary whether you participate or not. No pension. They also have a default fund that it goes into if you show no interest. Of course, being a BH, I max out my 401K plus the over 50 catch-up provision. :beer
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cmublitz
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Re: What's your company 401k contribution

Post by cmublitz »

Ascensus/Vanguard, 6% match, great fund lineup, no pension.
student
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Re: What's your company 401k contribution

Post by student »

Midsize university with low pay but desirable retirement contribution. Depends on years of service and other requirements, but at least 12% with no employee contribution required. No pension.
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NateH
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Re: What's your company 401k contribution

Post by NateH »

Last year I put in 6% and the company put in 10% for a total of 16%.
Half of that company contribution is in exchange for not joining the pension plan when i was hired (5% of salary each year). Instead i get to manage it myself. Unfortunately, they just moved the plan from Vanguard to AON. :(

My spouses' plan matches 4.5% if you put in 6%.
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montanagirl
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Re: What's your company 401k contribution

Post by montanagirl »

When I was working, we got a match only one time, back in 1998 when things were looking up. Even then it was only $50. It was shown separately on the statement so I could use it to track the appreciation in the rest of the account so there was that. We had no pension.

Even with no match, no way do I regret contributing to it. Our income was low enough that I could max out the 401k and an IRA for years without hitting the tax threshold, so in 15 years I was able to catch up on savings by the time I was laid off at 65.
Texanbybirth
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Re: What's your company 401k contribution

Post by Texanbybirth »

no pension, and possibly ~5% match depending on how we do each year.

wife doesn't work.

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an_asker
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Re: What's your company 401k contribution

Post by an_asker »

Grogs wrote:Wow, some (most) of these are insanely generous. We only get 3% right now - 50% match up to 6% of salary. It actually went away completely in 2012 (1 month after I got hired), but came back in 2013. We do have a pretty good pension plan, but we have to put in a 2% contribution to that. I guess that means I'm really only netting ~1%.
+1! In between, we lost our employer match for about 3 years plus had a salary freeze! :oops:
Dulocracy
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Re: What's your company 401k contribution

Post by Dulocracy »

Wife's company matches 50% of contributions up to 6%, which means they put in 3% of her salary.

My company has a safe-harbor plan that provides a 100% match up to 4% of salary.
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jhfenton
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Re: What's your company 401k contribution

Post by jhfenton »

We have a safe-harbor plan that matches 100% on 3% and 50% on another 2%, so 5% gets you 4%. Since it's a safe-harbor plan, the match is 100% vested from day one.

My wife's former employer matched 50% on 8%, so also 4% total.
ponyboy
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Re: What's your company 401k contribution

Post by ponyboy »

Match is $.50 for every $1.00 up to 4%. meh
dsmil
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Re: What's your company 401k contribution

Post by dsmil »

Technically discretionary but it usually comes in at around 2% of salary, and has nothing to do with employee contributions.
BuckyBadger
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Re: What's your company 401k contribution

Post by BuckyBadger »

There's a complicated formula (X% on the first Y of salary, Z% on salary above Y - and so on and so forth) but for my salary it comes out overall to about an 11% contribution. And it's contributed no matter if I contribute or not, so it's not a match.

When taking this job I considered it to be compensation because the salary at this job is a bit below market rate. The extra ~$16k dumped into my 403b makes my salary seem slightly less anemic.
conniebird
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Re: What's your company 401k contribution

Post by conniebird »

6% base salary + 1/3 match of what I contribute up to 2% of my base salary. It ends up being quite generous since I am relatively high earner. Caveat - 6 years to be fully vested in their contributions.

3% into a cash pension plan
Flashes1
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Re: What's your company 401k contribution

Post by Flashes1 »

Me: 4%, and pension
Wife: 10%, no pension
Robconoclast
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Re: What's your company 401k contribution

Post by Robconoclast »

I receive a 25% match of the 6% I put in (they stop matching after that). Profit sharing yearly can be up to 7.5% of my income for the prior year.
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intothegreatunknown
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Re: What's your company 401k contribution

Post by intothegreatunknown »

Dollar for dollar match up to $3000.

401k is with Vanguard which is great.
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Tamarind
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Re: What's your company 401k contribution

Post by Tamarind »

Me: 50% of employee's contributions up to 8% - so 4% max. 5-year vesting on match by years of service. Funds are minimally adequate (two index funds from State Street are the only ones below .8 ER). Also contributes to HSA equal to annual HDHP premium for single employee. No pension. Medium software company.

GF: 3% of employee's gross salary (regardless of whether employee contributes). Immediate vesting. Funds are quite good with Institutional shares of Vanguard S&P 500 & Total Bond. No pension. Very large medical lab company.
Hedgie
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Re: What's your company 401k contribution

Post by Hedgie »

Company matches up to 6% of total compensation plus a 3% contribution (regardless of employee contribution)
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TinkerPDX
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Re: What's your company 401k contribution

Post by TinkerPDX »

3% of salary, no match required.

While I agree that requiring a match is better policy, not requiring one is more generous--and no one is leaving any free money on the table.

And in the decision-makers' defense, they do offer great low-fee index funds as the base line options, plus we can get access to anything Schwab offers, including their own low-fee/no-transaction cost ETFs and the suite of others' low-fee ETFs, also with no transaction costs.
whoshighpitch
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Re: What's your company 401k contribution

Post by whoshighpitch »

It used to be a match up to 3% of my salary. Then I suggested we change 401k companies because ours was terrible (over 2% expense ratios) and they shut it down completely because I "complained". I was suggesting a simple IRA through Vanguard which would have saved me and the company a ton of money - my bad!
DarinFred
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Re: What's your company 401k contribution

Post by DarinFred »

16% into 401k with some pretty good investment funds, no pension. Feel very fortunate!
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Go Blue 99
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Re: What's your company 401k contribution

Post by Go Blue 99 »

I get 6% guaranteed, then up to additional 3% based on company performance.

Wife has flat $1,125 max.
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N1CKV
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Re: What's your company 401k contribution

Post by N1CKV »

My employer contributes 26.6% of my total gross salary for 2016 to my pension plan, I contribute the mandated 9.5%
There is no match in my 4XX retirement plan.
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dziuniek
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Re: What's your company 401k contribution

Post by dziuniek »

MatsuGrabik wrote:50% of every dollar up to 5% of salary, so 2.5%. This for one of the Big 4 accounting firms.

Small pension (vested after 3 years). They add a couple thousand to it each year after seeding $5,000 up front.
That's pretty bad. PwC did 75 % of 6%, so 4.5%. This was 1.5 % into 401k and 3% into wealthbuilder (essecntially same thing).

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Skylab
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Re: What's your company 401k contribution

Post by Skylab »

Hello Bogleheads,

Long time lurker chiming in. My company offers a 100% match up to 18k this year which vests immediately. However, there is no match on catch up contributions.
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duckcalldan
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Re: What's your company 401k contribution

Post by duckcalldan »

24 years with the same retailer. 10% of salary+bonus company contribution. Was 15.4% until a few years ago. High six digits in my 401(k), zero dollars out of my paycheck.
Grogs
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Re: What's your company 401k contribution

Post by Grogs »

an_asker wrote:
Grogs wrote:Wow, some (most) of these are insanely generous. We only get 3% right now - 50% match up to 6% of salary. It actually went away completely in 2012 (1 month after I got hired), but came back in 2013. We do have a pretty good pension plan, but we have to put in a 2% contribution to that. I guess that means I'm really only netting ~1%.
+1! In between, we lost our employer match for about 3 years plus had a salary freeze! :oops:
I think that when they dropped our match a lot of people stopped contributing completely, and that probably resulted in the highly-compensated employees (i.e., the bigwigs) having some of their contributions returned. That probably had some bearing on the decision to bring it back. When they restarted our match a year later, they also started auto-enrolling new employees at 3% plus a 1%/year increase.
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ruralavalon
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Re: What's your company 401k contribution

Post by ruralavalon »

Skylab wrote:Hello Bogleheads,

Long time lurker chiming in. My company offers a 100% match up to 18k this year which vests immediately. However, there is no match on catch up contributions.
Welcome to the forum :) .

That's an excellent employer match, you are fortunate.
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Traveler
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Re: What's your company 401k contribution

Post by Traveler »

401K match is 3.5% of base salary with decent fund options
My employer also puts 6% of base + bonus into a portable pension fund account but I don't have any control on how it's invested (it's invested conservatively by them).

So total employer contribution is about 9-11% depending on if you calculate it on base salary or base plus bonus.
Trev H
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Re: What's your company 401k contribution

Post by Trev H »

My company puts in 3% even if the employee does not contribute...

If the employee contributes up to 3% they will match that.

So... I put in 3%, they put in 6%.

Happy with that.

Trev H
lynneny
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Re: What's your company 401k contribution

Post by lynneny »

Pension plan closed to new employees in 2004, and was frozen for the rest of us about 5 years ago.

In lieu of pension contributions, company now contributes 2% of salary for employees with less than 5 yrs at the company; 4 % for 5-10 years, and 6% for more than 11 years (used to be 8%).

No company match on our 401(k) contributions.

Company moved our 401(k) to Principal last year, shifting more of the cost to employees with new fees. I'm not a fan.
CeeKay1729
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Re: What's your company 401k contribution

Post by CeeKay1729 »

5% regardless of contribution, the 100% up to 5%. Basically 10% for my 5%.
tamudude
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Re: What's your company 401k contribution

Post by tamudude »

At my place of work, if you contribute 6% you get a company match of 5% ($$ for $$ upto 4% and then 0.5% for every % upto 6%)
plus
4% basic match (irrespective of whether employee contributes or not)

In total, 9% which is great!!!
maritime82
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Re: What's your company 401k contribution

Post by maritime82 »

My company matches 50% of my contributions including a 50% match on the catchup. Since
I'm 56 they contribute 50% of 18,000 ($9,000) plus $50% of $6,000 ($3,000) for a total
match of $12,000. No pension.
sawhorse
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Re: What's your company 401k contribution

Post by sawhorse »

Me when I was employed: Nothing for a few employers, for one employer it was 1.5% of salary up to $1200 with I think 50 cents per employer dollar contributed.

Husband: Nothing.

Pension? What's that?

:annoyed
masteraleph
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Re: What's your company 401k contribution

Post by masteraleph »

No pension.

"Profit-sharing" (I put in quotation marks because it's a non-profit, but that's the term for contributions that the organization puts in without any sort of matching is based on the previous year's earnings. Contributions start in year 3, based on year 2's earnings:

Years 3-6: 3.5%
Years 7-10: 6.5%
Years 11-15: 8.5%
Year 16+: 9.5%

Employer contribution starts out vested at 20% in year 3 and goes up 20% each time (so 100% vested after 7 years).
investingdad
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Re: What's your company 401k contribution

Post by investingdad »

Our company has a pension for those that started before 1995 or so. If you started before 2004 timeframe, you had the option of participating in a reduced pension with 401k or a full 401k. After that it was full 401k.

I'm in the full 401k plan and get 8% of my salary. My wife gets 5% at her company.
krannerd
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Re: What's your company 401k contribution

Post by krannerd »

$0.75 for every $1.00 contributed up to 8% of salary after 8 years of service. The match is up to 4% for the first 8 years of service. We have good choices with reasonable fees...and the fees have declined in the last few years.

I am still covered under a pension that is not terribly generous...but it is unavailable to new employees and it is better than nothing.
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