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Company offers 200% match on the first 3% of 401k contributions, vested immediately. How is that relative to other firms?

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That sounds amazing, but I could be wrong 🤔

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Vesting immediately is great

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Well, it’s essentially a 6% match, just like most other companies. It’s ok, I’ve seen better.

likesmart

Sorry, completely overlooked the immediate vesting. Yes, that makes it better than most in terms of vesting period.

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I'd say better than most. As EY mentioned, 6% might be close to average, but I don't know what the average is really (I've seen more and less). The immediate vesting is amazing though, as most companies require at least 2 years to be fully vested

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It’s good and standard in “industry,” essentially dollar for dollar up to $6k. Big 4 25% match is garbage, even including non-partner pension. That said, my exit matches up to $15k, no vesting period ;-)

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Already exited. DM me, show your profile, and I’ll tell you.

Came from industry. This is pretty pretty good. I’ve worked where it was 1 to 1 matching up to 3% and another where it was 5 year vesting.

PA is pretty bad when it comes to 401K match and vesting. At K it was 50 percent of 6 percent ( means 3 percent) and you fully vest in 5 years. Some of my clients have really good 401K plans but agree with other that immediately vesting is not standard. Good luck Op

That’s a generous “safe harbor” plan. When are you eligible to contribute?

My firm offers 6% match, 100% vesting, but the wait period to enroll is 6 months.

Eligible to contribute immediately for us

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