What kind of retirement benefits does your employer provide?

pete6032

Diamond Member
Dec 3, 2010
7,443
3,004
136
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

Diamond Member
Jun 17, 2010
4,445
3,282
136
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.
 

herm0016

Diamond Member
Feb 26, 2005
8,385
1,011
126
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.
 

pcgeek11

Lifer
Jun 12, 2005
21,279
4,406
136
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
9,949
569
136
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
1,850
511
136
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
Jun 20, 2006
20,348
3,426
126
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
8,048
5,043
146
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
57,364
7,516
126
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.
 

rh71

No Lifer
Aug 28, 2001
52,853
1,048
126
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.
 

purbeast0

No Lifer
Sep 13, 2001
52,834
5,713
126
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
20,828
4,777
146
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
2,557
173
106
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.
 

Fritzo

Lifer
Jan 3, 2001
41,883
2,121
126
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
8,476
523
126
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.
 

IronWing

No Lifer
Jul 20, 2001
68,855
26,646
136
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.
 

T_Yamamoto

Lifer
Jul 6, 2011
15,007
795
126
401K: 6% after 1 year of working there

Then the usual bonus (too bad I don't get it this year)
 
Dec 10, 2005
23,990
6,793
136
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.