What kind of retirement benefits does your employer provide?

pete6032

Diamond Member
Dec 3, 2010
4,035
44
126
#1
The other thread made me curious. What types of retirement benefits does your employer provide? 401k, Pension? Also curious if you have an employee stock purchase plan. Mine provides up to 4% salary match in a 401k. No stock purchase plan.
 

repoman0

Platinum Member
Jun 17, 2010
2,523
144
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#2
Current job matches 10%, job I'm starting in a couple weeks matches 5% + pension. Neither has public stock, both non-profit R&D labs.
 
Jan 8, 2010
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#3
Mine does 6% match and 4% of salary profit sharing in stocks (in 401k).
 

herm0016

Diamond Member
Feb 26, 2005
6,627
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#4
everyone gets 4% for doing nothing, then you get 1to1 match for 4 % and .5 to 1 for 4% to 6%. so if you put in 6% you are getting 10% put in by the company, if you don't put anything in you still get 4%. public stock at 15% discount quarterly buy ins on the lowest of either the first day or last day of the period.
 
Jun 12, 2005
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#5
Company pension and a 401K and they match 75 cents per dollar up to 9 %.

No stock as it is a non profit.
 

Dulanic

Diamond Member
Oct 27, 2000
9,519
74
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#6
100% to 5%. 2% of yearly put in also. Not as good as it used to be for sure.
 

local

Golden Member
Jun 28, 2011
1,349
54
126
#7
401k match is pretty meh, only 3%, the real benefit is getting offered ownership shares which I am aiming for in the future.
 

Exterous

Super Moderator
Super Moderator
Jun 20, 2006
17,926
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#8
Mine offers a 403(b) and 457 so $39,000 in tax advantaged space and a 2:1 match up to 5% - meaning if I put in 5% they put in 10%. We get access to Vanguard Admiral funds and comparable Fidelity funds with no minimums so the ERs are in the 0.02-0.03% range.

My wife is eligible for the MPSERS pension but that keeps being less and less funded so we're not holding our breath. She does contribute to a 403(b) as well but there is no match
 

snoopy7548

Diamond Member
Jan 1, 2005
3,374
429
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#9
100% of the first 3%, then 50% on the next 2%, so 4% total match. A few years ago they completely switched providers from a fairly medium-fee plan to a nice Fidelity plan and implemented matching.
 

lxskllr

No Lifer
Nov 30, 2004
52,058
576
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#10
Nothing. One of the benefits of working for a small company :^D

Before the recession there was a 401k with some kind of matching I can't recall atm, but that's all done with. All I get is paid for the work I do.
 

GrumpyMan

Diamond Member
May 14, 2001
5,411
34
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#11
Free popcorn every other Thursday..killed our pension and stopped matching 401K..but you can get extra butter on that popcorn..
 

rh71

No Lifer
Aug 28, 2001
51,926
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#15
50% match first 6% for 401k but I'm not vested yet until 1 year. Just started in Nov. I'm just glad for the pay increase though. First time I'm actually able to save in 10 years.
 
Sep 13, 2001
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#16
Just 401k here. They put in 7% regardless of you contributing anything, and then every year at the end of the year since I've been here for the past 6 years, they give us an extra 1%.

The rest of my benefits are pretty ridiculous too, in a good way.
 
Nov 8, 2012
12,092
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#17
1st Job: 6% match
2nd/3rd Job were accounting firms - they do a hybrid of ~2 - 4% 401k match, but also contribute ~2.5% of your annual pay to a company pension plan. Of course, that's if you stay long enough to be vested. Personally, I'd rather just have the 2.5% to invest as I wish with - their annual return numbers aren't that amazing.

At this point, I've come to find that my annual pay is much more of a contributing factor to my retirement than the stupid match. So the bigger concern to me as far as retirement is how good my raises are. Due to raises, instead of putting in measly amounts to my 401k - I now max out both mine and my wife's 401k ($19,000 each) - as well as both of our ROTH IRAs ($5500 each), and 1 Family HSA ($7000)
 

TXHokie

Platinum Member
Nov 16, 1999
2,404
30
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#18
I came in a year after the company did away with pension just like everyone else. My boss came in the year before so he's eligible and that's the big reason why he's sticking around.

The late comers get 401k with 50% match up to 8% so technically 4% plus an additional 4% for retirement so 8% total when you commit to putting in 8% of your own.
 
Jan 3, 2001
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#19
Our company offers an actual investment broker and he manages our SIMPLE IRA. They match 3%. What's cool and unusual about this setup is it's like having an investment advisor as a company resource. He meets with us individually every 3 months and recommends new/different funds and moving stocks around to play the market (which he's able to do because he's looking at it all day). Dude has us at 11% gains for 2018...was up 18% before the Christmas Eve crash :(
 

Ackmed

Diamond Member
Oct 1, 2003
8,217
52
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#20
401k and a free pension. Need 81 points to qualify. One year per age, and one point per year of service. So someone starting at age 41, already had 41 points. Someone starting at 21 could retire around 51 with full pension. They match up to 6% of our income for 401k, you can go much higher than that if inclined. Fed gov job.
 
Jul 20, 2001
55,174
1,846
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#21
401k and a free pension. Need 81 points to qualify. One year per age, and one point per year of service. So someone starting at age 41, already had 41 points. Someone starting at 21 could retire around 51 with full pension. They match up to 6% of our income for 401k, you can go much higher than that if inclined. Fed gov job.
Which department? Neither CSRS nor FERS work this way.
 
Jul 6, 2011
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#22
401K: 6% after 1 year of working there

Then the usual bonus (too bad I don't get it this year)
 
Dec 10, 2005
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#23
401K with an effective match of 2% on a 3-year vesting schedule. I contribute to this mainly because of the tax deferment and the choice of funds at Fidelity isn't too bad.

They also offer an ESPP for purchasing shares of our mega-corp overlords, but it's only a 5% discount and shares are purchased at the average stock price for the day on the last day of each quarter (no lookback provision). I've looked into this, but it just doesn't seem worth the headache in terms of taxes and small gains.
 
Dec 11, 2000
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#24
403b with 4% match 2% core contribution, and then a 457b.
 

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