Do 401(k) plans vary among firms? Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
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Do 401(k) plans vary among firms?
Do most firms have similar 401(k) plans they offer to their employees?
Do many/any match contributions?
Hard to get details of 401(k) plans from their websites so was hoping to get some inside knowledge from people who are privy.
Do many/any match contributions?
Hard to get details of 401(k) plans from their websites so was hoping to get some inside knowledge from people who are privy.
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Re: Do 401(k) plans vary among firms?
Reed Smith has a 401k but doesn't match for associates. Only for of counsels and partners.
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Re: Do 401(k) plans vary among firms?
Firms don't match 401k.Morgan12Oak wrote:Do most firms have similar 401(k) plans they offer to their employees?
Do many/any match contributions?
Hard to get details of 401(k) plans from their websites so was hoping to get some inside knowledge from people who are privy.
- holdencaulfield
- Posts: 479
- Joined: Sun Apr 26, 2009 7:12 pm
Re: Do 401(k) plans vary among firms?
Mine does.exitoptions wrote:Firms don't match 401k.Morgan12Oak wrote:Do most firms have similar 401(k) plans they offer to their employees?
Do many/any match contributions?
Hard to get details of 401(k) plans from their websites so was hoping to get some inside knowledge from people who are privy.
- thesealocust
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- Joined: Mon Oct 20, 2008 8:50 pm
Re: Do 401(k) plans vary among firms?
A few firms match; Wachtell being a notable and amusing example. Most do not.
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Re: Do 401(k) plans vary among firms?
So anecdotally, do most first and second years with loans opt to contribute to their 401(k) or is it pretty mixed?
- thesealocust
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Re: Do 401(k) plans vary among firms?
It's extremely mixed. From casual conversation I know more passing on the option to contribute than I know taking it.Morgan12Oak wrote:So anecdotally, do most first and second years with loans opt to contribute to their 401(k) or is it pretty mixed?
Certainly the NPV of paying down loans > the EV of 401(k)s, but it's psychologically nice to start early and the yearly income tax shield is quite valuable in and of itself.
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Re: Do 401(k) plans vary among firms?
I'm going to miss the rather large contribution my current job makes to my 401K then I guess... Oh well, money in hand is better