I’ve heard that the finance industry typically offers great retirement benefits. My company has a pretty strong 401(k) match (90% up to the IRS maximum) and some jurisdictions in Europe even offer defined benefit plans. Has that been your experience as well? What kind of retirement benefits does your company offer?

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7% match + 10% profit sharing also goes in 401k + $3,000 a year in a retirement health savings account.

Is that 7% match subject to IRS limit?

I’m in the UK. Defined benefit schemes have generally been discontinued here, apart from the gov offering a less generous version. I have a defined contribution plan - my employer puts 10% in with no employee contribution required, then they will match a further 7%.

Wow, so a total of 17% match at a maximum? Is there a cap for how much you can put into the plan?

We get a profit sharing that’s 15% of our total comp. Vested immediately. I’m in asset management.

Love the no vesting requirement!

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