My firm’s 401k match is only 3%, which feels incredibly stingy for a company that manages billions in assets. I’ve seen tech companies and even some retail chains offering 6% or 8% matches to their employees. I brought it up in the employee comments, but it was completely ignored in the last town hall. Is a 3% match standard for mid-sized firms?

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I had a 3.5% match at my last company. My current company is 7.5%. My husband doesn’t have a match at all and he works in tech. It can vary greatly company to company.

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I wouldn't even entertain a job at 3% match, but I'm at a company that does a long step-vesting (6yr) for 14% match

funny

Yep, no longer are Wells. Moved from banking to wealth mgmt

likehelpful

Yes. It’s slightly below average for “A- tier”organizations. Do they are have a long vesting period?

You should put this is context though. 2-3% higher is not a lot.
How are their PTO, how much do you pay for medical.
Is base/bonus in line with industry.

Do they offer any other types of contribution, such as profit sharing after so many years? I work at a firm now that has similarly small matches but also makes ongoing contributions that are a % of comp and a profit sharing contribution after 3 years. My previous firm made extremely generous year-end contributions but matches were smaller. Hope this helps!

My old company which was a mid sized firm did a 5% match

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