Are these Facebook benefits real ?

Microsoft gay4pay
Mar 30, 2018 25 Comments

Heard about the following Facebook benefits but I don't see them listed in my offer letter. Are they real for Seattle campus ?

- Free Uber to work up to $15 per trip.
- $15.000 one-time bonus for living (renting or owning) 10 miles or less from Seattle campus.
- Wednesday reimbursable dine out meals (what is the limit?)

Additionally what does the 401K 50% match up to 7% limit mean ? does it mean that if your base is 100k if you paid 14k into your 401k Facebook will pay 7K and the rest won't be matched at all ? Or does it mean that once your 401k has received 7% of your base (2.3 K from Facebook and 4.6 K from you = 7%) then after that Facebook won't match anything ?

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TOP 25 Comments
  • Microsoft Airbdicisn
    For 401K it’s %50 of first %7 that you contribute. So if your base is $100K and you contribute $7K the company contributes $3500 to your 401K. For anything you contribute above $7K there is no more match.
    Mar 30, 2018 4
    • Microsoft gay4pay
      OP
      so am I to understand that for a base salary of 177k, you can disregard the 7% limit since you'll be hitting the IRS limit before you'll be hitting the 7% limit?
      177*7% = 12.4k + 50% = 18.6 -- (18.6 > 18.5 IRS limit)
      Mar 30, 2018
    • Deloitte sIbE27
      Match doesn't count towards the IRS limit.
      Mar 30, 2018
    • Oscar / Eng
      dumb|dumb

      Oscar Eng

      BIO
      Fuck you, but wats up bro.
      dumb|dumbmore
      To make it simpler: don’t worry about your base salary. Just think how much you will want to contribute on your own, because there is rarely anyone would put the entire salary into 401k.
      Mar 30, 2018
    • First Orion / Eng JClimacus
      There's an $18.5k individual elective limit and a $55k total limit once you add in your company's contributions.

      So once you hit 7% ($12.39k on your base), you'll make out what your company will contribute ($6,195), but you can keep contributing an additional $6.11k to hit the $18.5k personal limit.
      Mar 31, 2018
  • Microsoft / Product
    P4zy2r

    Microsoft Product

    PRE
    Microsoft
    P4zy2rmore
    1. Yes but the benefit is taxable
    2. No that’s for Menlo Park
    3. Yes for lunch but I don’t know limit
    Mar 30, 2018 0
  • Microsoft gay4pay
    OP
    Can anyone also share when the semi annual performance reviews happen ?
    Mar 31, 2018 3
    • Facebook public
      Semi annually. Twice a year.
      Mar 31, 2018
    • Microsoft gay4pay
      OP
      LOL... for Microsoft it's end of July and you get the results back in September. what about for Facebook?
      Mar 31, 2018
    • Facebook tiredashel
      Basically that.
      Apr 1, 2018
  • Facebook noideawhy
    No, the IRS limit is only for personal contributions, not for employer contributions.
    Mar 30, 2018 2
    • Microsoft gay4pay
      OP
      okay so for a base of 100K what's the maximum that Facebook will contribute to your 401k ?
      is it 3.5 K or 7K ?
      Mar 31, 2018
    • Intel / Other oral-B
      3.5
      Mar 31, 2018
  • Facebook / Eng open
    $15k is sweet + $10k relocation bonus on top of all relocation expenses paid for, so if you are moving to MPK for FB add $25k on top of your first year TC.
    Mar 31, 2018 4
    • Amazon Finmin
      Is the 15k just on the first year? How does it work? Do we have to show lease agreement? Relocating to Bay Area from Seattle and this'll help me live close by.
      Apr 1, 2018
    • Uber sad
      Hey, 15k is for move within 10 miles, 10k is for moving cost, is that right? What if i am moving within Bay area, but currrntly ouside 10 miles?
      Apr 2, 2018
    • Facebook / Eng open
      $15k is an one off bonus for moving within 10 miles MPK. Doesn't have to be the first year. You need to show a lease of at least 6 months. Watch out for a few exception areas. Work with the relocation manager for more details.
      Apr 2, 2018
    • Uber sad
      How about the other relocation bonus? Not the 10 mile bonus. I want to figure out what to tell the relocation team in order to qualify for that. Thx
      Apr 2, 2018
  • Workday subotah
    Review/Calibration in Jan/July and conversation/merit increase/cash bonus payout in late Feb/Aug. Base increase and cash bonus twice a year but RSU only once (grant date 3/15) usually.
    Mar 31, 2018 1
    • Facebook / Eng lovesecret
      Typically you don’t get a raise on the non RSU giving evaluation unless you get a promotion that cycle
      Mar 31, 2018
  • Facebook hohoyoyo
    There is $3000 baby cash for new born, $4000 per year for daycare.
    Mar 30, 2018 1
    • Facebook OmggmO
      You got that reversed. 4k baby, 3k babysit I think
      Mar 30, 2018
  • Facebook OmggmO
    Lunch is $25 limit
    Mar 30, 2018 1
    • Microsoft Da dum da
      Damn! I’d buy the best salads.
      Mar 30, 2018
  • IRS limit only applies to your contributions. It doesn’t include the employer match.
    Mar 30, 2018 0

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