401K plan at FB?

Apr 27, 2018 32 Comments

Can someone from FB please explain how the 401k matching works at FB? I read somewhere that FB matches 50% up to 7% of base. Say may base is 100k. So matching is at most 3.5k, correct? What if my base is 300k? Will the matching be 11.5K (50% of 21k) or it gets capped due to 18.5k IRS limit so that the max match will be 9.25k?

Also, what does 4 year vesting mean for 401k? If you leave before that, they take money out of your 401k?

Thanks.

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TOP 32 Comments
  • Upgrade / Mgmt
    TheCTO

    Upgrade Mgmt

    PRE
    AppDirect
    TheCTOmore
    Who selected him in Facebook????

    Seems no good people want to join Facebook 😜
    Apr 27, 2018 11
    • Uber EbonyLove
      Still don’t know what upgrade is
      Apr 27, 2018
    • Uber EbonyLove
      I shouldn’t have too. If no one knows you you’re not top tier
      Apr 27, 2018
    • Uber EbonyLove
      That’s quite rude. Feel better now?
      Apr 27, 2018
    • T-Mobile r4i3me7s
      Everyone knows Sprint...
      Apr 27, 2018
    • Microsoft bayareasof
      Upgrade is a p2p lending company founded by lending club CEO after he was ousted. Dont know about upgrade but lending club is/was one of the crappiest places in the bay area
      Jul 6
  • This comment was deleted by original commenter.

    • eBay / Eng
      jveo315

      eBay Eng

      PRE
      Amazon, Microsoft
      jveo315more
      It's the type of question where if you bothered to Google it, you'd see that employer match is not counted toward the annual individual contribution limit.
      Apr 27, 2018
    • eBay / Eng
      jveo315

      eBay Eng

      PRE
      Amazon, Microsoft
      jveo315more
      Yup, fair enough. I reread it now. Sorry for being snarky.
      Apr 27, 2018
  • Google / Eng
    J32dfQ

    Google Eng

    PRE
    Facebook
    J32dfQmore
    Op, you have it right. The match is capped to 50% of min(7% of salary, 18500).

    No vesting period, the money is yours as soon as it is earned.
    Apr 27, 2018 9
    • Google / Eng
      J32dfQ

      Google Eng

      PRE
      Facebook
      J32dfQmore
      Corrected
      Apr 27, 2018
    • Facebook / Eng MoreImpact
      Basically you have to make $264k base + bonus to get the max match.
      Apr 28, 2018
    • Apple / Eng 🍎 is shit
      U can't contribute bonus to ur 401k tho right? Isn't it only base?
      Apr 29, 2018
    • Uber JRSmith
      No
      Apr 29, 2018
    • Facebook ByeFelicia
      You can contribute bobus, just no RSUs.
      Apr 30, 2018
  • Uber EbonyLove
    What kind of dummy are you? Do the damn math
    Apr 27, 2018 0
  • Facebook / Eng CRbc25
    If your base at FB is 300k then you don’t need to worry about money anymore
    Apr 28, 2018 4
    • New Goofyi
      How difficult is it get a base of 300k at FB? Seriously, I am curious.
      Apr 28, 2018
    • Facebook / Eng CRbc25
      Maybe E8?
      Apr 28, 2018
    • Facebook / Eng CRbc25
      Base salary doesn’t go up much as you climb the ranks. Bonus multiplier and refresher grants account for most of the difference.
      Apr 28, 2018
    • Facebook Wctm06
      True, little time to worry about money, or life in general. The work-life tradeoff isn't unique to FB though I believe.
      May 4
  • BlackBerry / Mgmt JohnChin🎩
    Matches are not subject to the IRS limit. Your contributions are
    Apr 27, 2018 1
    • Uber EbonyLove
      Well by default they then are subject to IRS limit. You can’t match what you can’t put in
      Apr 27, 2018