I’m in interviews for a role where the profit share goes straight into a 401k instead of being paid out in cash. Not a red flag, just curious , has anyone here had that built into their comp structure?

like
Posting as :
works at
You are currently posting as works at

We don’t have “profit sharing,” but we do have a bonus program and the amount each employee receives is based on job level and overall company performance. Ours by default goes into our normal direct deposit accounts, but employees can request that some or all of it goes into the 401k before we pay it out.

like

Nice. Thank for your response

We receive 10% profit share annually into our 401k

Thanks for the feedback.

Is there a requirement to get profit share? Do you have to contribute enough to get a match and the profit share is on top of that? Or do you have the option to contribute less or opt out of contributions yourself into the 401k?

In the situation I shared, the profit share goes straight into the 401k and isn’t tied to a required employee contribution. It’s separate from any match, so participation in the plan doesn’t determine whether you receive it. The main point I was weighing was the structure of how it’s paid out, not eligibility to receive it.
Does Allstate require employees to contribute a minimum percentage before qualifying for profit share, or is it structured as an employer-funded contribution regardless of deferrals?

Related Posts

Could you all please suggest or share any tips/key things to prepare for an upcoming AWS Partner SA, Security phone interview. Already prepared for LPs. Thank you.

like

Hi fishes,
I have 4.5 years of experience in .net and angular in cognizant I'm working I got call from
Genpact but In Genpact they are asking me join as lead consultant is it normal software engineer position or what any idea ..for only 4.5exp is it sufficient for lead consultant position.. firstly what is the responsibilities for lead consultant in GenpactGenpact

like

Anyone here working at Epsilon ? Have an interview with them and was hoping to get some insider insights.

like

So I had been working as medical interpreter up to the early part of this year. Today, during an interview, the Director with whom I was interviewing genuinely urged me to consider pursuing a career as a PA or even attempt to go to medical school. I had considered it in passing before but today was about the third or fourth time that someone had earnestly nudged me in that direction. Has anyone here made such a career pivot before? I love working in healthcare, there’s nothing like it.

like

Hi,

My team at Fractal is hiring for various roles in analytics, like consultant, data engineer, data scientist across all bands.

Now is a good time to be in Fractal.
If you have 2+ YOE and have above skills, shoot me a DM

like

Hi Folks, does Bain & Co has opening for Enterprise Consultant role, YOE-3.7 Yrs

I am interviewing for nCino as a entry level Support Engineer. They ask for 2 years experience in the financial services industry and knowledge of Salesforce. I have over 1 year experience in the financial industry and 2 years working with Salesforce. I live in Louisiana and it's Remote. What salary should I be aiming for? Total compensation also if you can! What do other Support Engineer get paid

like

What’s the hiring market like in Texas for a 4th year investment management associate? I’m interested in Austin but understand there may be more opportunities in Houston or Dallas. Graduated with honors and on law review at a T14, if that helps at all.

like

S&P Global Dear Fishes,
Can someone please help me out by referring my profile for the below mentioned job ID?
I would highly appreciate your support.
Job ID: R21515
Role: Operations Analyst

Thanks in advance!
S&P Global

I was recently interviewed by Hexaware. How much notice period is acceptable by Hexaware ?

I have cleared interviews at UBS with tech stack SAP BW4Hana, BOBJ, Native Hana, SAC etc. And with YOE = 7yrs. What is the maximum CTC I can get at UBS; if my CCTC = 19 LPA Bosch Global Software Technologies

Just got another rejection... Is exiting to FAANG or MB really this hard? Trying to go tech.. or mbb, but not getting anywhere. I have 2 masters (mba, ms) from top schools, been in consulting for over 10 years, I am confident that I know my stuff well..but still I keep getting rejected. Interviewed with Google, Amazon, Cisco, McKinsey, and a few others and every-time there is something that is not a match... are the hiring managers looking for like 100% match? That will never happen!!!

like

Has anyone appeared recently for Microsoft drive, how many days does HR typically takes to get back to the candidate for the results, it's been a week and the HR is ghosting me, I've gone through 4 rounds of interview including hiring manager.

like

If you get laid off when you’re in the middle of an interview process elsewhere, do you tell the prospective employer?

like

Boomer. I am in between jobs. Laid off in 10/21 after 16+ yrs, with an ABA firm. RIF. Still on excellent terms. Took my time living off generous package and didn’t seriously start applying until 01/22. Made a rookie mistake and accepted first offer.
Turns out job wasn’t as advertised. Mutual parting of ways 3/22. Due diligence is critical.
Now interviewing a LOT. Some temp work, I still have “it”. I relate to all gens. Willing to mentor AND learn from all. Tech savvy, CTE from day one. Leads?

like

Hello All,
Small help please. What is expected salary range for principal consultant (BA role) ?
How much can I expect on top of 25L fix pay? Also what principal consultant role is equivalent of in general terms ?

like

Hi Flocks ,
Looking for a referral in Google cloud

like

How is hexaware account management role?

Strategy& or OW for their healthcare practice? I have offers from both.Strategy& Oliver Wyman

like

Joining BNP Paribas for role of Senior BA in bangalore, is the Bangalore office new? How many employees are there? How is company culture? Management etc, I had other offers from societe generale and hsbc similar offer but in hsbc the role was of a manager in compliance risk analytics domain, bnp is in trade and investment banking domain, I choose bnp, was it a good choice?

like

More Posts

Woohoo! Welcome deals pros!

like

Single book recommendation for user research?

Goal is interview prep. Ideally focused on applications in tech.

like

I want to know whether the Medical Policy of 3 Lac which is given by the company by default in which along with me my immediate dependents like my spouse and children are covered or not?

like

Alright I gotta say it.. charlottes gym scene is terrible. Where do people go to workout?

likefunny

Taking the NY bar for the first time. Is it fine to take it from the work laptop because personal laptop seems to be giving up in life! Please guide any pros or cons. Thanks !

like

S&P Global Helloo fishes.. What exactly is the role Senior Data Quality Researcher at S&P Global..?? What is the average salary bracket and what are the future growth opportunities..? Thanks in advance.. S&P Global S&P Amazon IBM Mindtree

Books on human psychology that have affected you. I'll start: influence, sales Bible, on killing.

like

YOE - 3.8 years
Tech Stack - .Net FullStack Developer
Current CTC - 13.9 LPA
Got selected in TCS how much I can expect from TCS ??

like

Anybody interviewed for a data engineer role for Facebook? I have a SQL and Python coding interview next, any idea on what to expect?

like

Is an “innovation program lead” a PgM level 5? Do you guys like working for GCP?

like

Although the market is open and lot of lateral hiring is going on.. Can see that 10+ years experience professionals in SAP FICO domian are not getting much calls & invites from the companies..

For the Spg 50 night bonus award, is the 10 suite nights or the one free night award better?

like

Hi, How is the 1) PwC Sdc WLB in bangalore 2) Average hike 3) Shift allowance Morning/Afternoon/Night allowance PwC India PwC India
Thanks

like

What's something you've seen a manager fired for almost instantly?

likefunny

Hello, which is more beneficial Master’s in Human Resources or PHR Certification?

like

All the 'mentally ill' are coming out around the country. Maybe it's the summer heat.

Post Photo
likefunny

Who needs a day between Saturday and Sunday?

like

What are the differences between digital marketing (paid social and search) and product marketing? thinking I want to pivot to the latter but am not sure what skills are different.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal