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Amazon is dipping
Has recession started??
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This is standard.
I read a Reddit post on this a few months ago. What I gathered is that firms cannot match associate 401k contributions because employer matching contributions cannot discriminate in favor of highly compensated employees. I don’t work in benefits so I can’t elaborate further. Anyways, my firm, a V40, also does not match 401k contributions.
Interesting — at my large firm the staff get matching whereas the attorneys don’t. Bet that’s why.
I think it’s pretty common. Same at my V10
Mentor
Very few firms have employer match for 401k
Helpful input—thanks!
Subject Expert
Typical.
I receive a profit sharing contribution at my firm: 3% of comp into the 401k account
Mentor
Wow! Where's this?!