Best 401k Company Match

Google / Eng
rQsc13

Google Eng

PRE
Qualcomm
rQsc13more
Apr 19 57 Comments

So Google/MS/FB all seem to match up to 50% of the max limit of 401k contributions. Any other company that does better? 100% up to 10% of salary maybe?

Curious what's the diversity of plan matchings out there, albeit lack of other perks (vesting cycle, fund options, etc).

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TOP 57 Comments
  • Google mQXD30
    unrelated question, if i withdraw my 401k beforehand, I will need to pay 10% penalty plus tax right? how is this tax calculated? based on the salary during withdraw time? if so, can i just quit my job in US and back to my homeland. Then since i don't have any salary from US, i don't need to pay tax for my 401k?
    Apr 19 3
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Make your own question. Too unrelated
      Apr 19
    • Tableau / Eng
      ThePlague

      Tableau Eng

      PRE
      Microsoft
      ThePlaguemore
      You will pay the penalty and the rest will be income tax. So it will depend on which tax bracket you fall into
      Apr 19
    • Airbnb / Eng infraeng
      Yes, it’s based on salary at withdraw time. Unless they were Roth contributions. Find an accountant to talk to
      Apr 20
  • BluVector sparked
    Johns Hopkins Physics laboratory contributes 10% of your salary to 401k regardless of your contribution rate
    Apr 19 0
  • Amazon HumpDay
    Wow, Amazon is the saddest! 50% on 4%
    Apr 19 5
    • Microsoft Mmm'kay
      And doesn't vest immediately...
      Apr 19
    • Microsoft / Eng
      MgIr74

      Microsoft Eng

      PRE
      Amazon
      MgIr74more
      3 year vest, so basically no 401k match.
      Apr 19
    • Google / Eng catburglar
      Yeah.. the amounts are so miniscule
      Apr 19
    • Google Atinlay2 
      Wow, didn't know it was that bad at Amazon.
      Apr 20
    • Microsoft / Eng
      MgIr74

      Microsoft Eng

      PRE
      Amazon
      MgIr74more
      Also if I remember correctly their 401k doesn’t let you do the mega backdoor Roth.
      Apr 20
  • Amazon / Other Valon
    McKinsey did 12% of base to your 401K automatically, no vesting nor contribution required. Now it’s 7.5%
    Apr 19 4
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      🤔🤔
      Apr 19
    • Google uzaname
      Can confirm. It might even be for base+bonus afair. 7.5% for consultants, 12% for the rest of the staff.
      Apr 19
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Why the discrepancy? Thought it was mainly a consulting company
      Apr 19
    • Google uzaname
      Consultants had higher salaries so they reached legal limit without getting 12%. They were offered some cash bonus instead.
      Apr 19
  • LinkedIn kJKe75
    Fb doesn't match 50% AFAIK. LinkedIn matches 50% as well.
    Apr 19 3
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Just read up on FB. It's a 50% on up to 7% of your salary. So pretty much need 275k to get the usual 50%
      Apr 19
    • LinkedIn kJKe75
      That's on base not including rsus. I don't think e5 or even e6 has 275k base.
      Apr 19
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Wow
      Apr 19
  • New VreM84
    Oath matches 6% on top of your 6%. But their portion vests only after 3 years(you will be laid off 5-6 times by then).
    Apr 19 2
  • Apple parking
    6% of base pay. So 200k base would get you $12k
    Apr 19 0
  • Visa Jdes
    Visa

    employee who earns $100,000 a year can set aside $5,000 and the company will contribute $10,000
    Apr 19 6
    • Cisco / Eng lHMA75
      What if employee contributes 19K? Will Visa match 38K?
      Apr 19
    • Microsoft KyJeLlY
      You can't contribute more than $18k per year
      Apr 19
    • Cisco / Eng lHMA75
      In 2019, IRS increased limit to 19K
      Apr 19
    • Visa matches 200% up to your 5% of base pay, e.g. They’ll kick in 10%.
      Apr 19
    • Boeing / Eng gatech
      After you max out your pretax/ roth 401k (19k this year), you can contribute to aftertax additionally. As long as your total 401k including your contribution+ company's contribution does not go over 56k, you are fine. After that, you can do mega backdoor roth ira.
      Apr 19
  • SpaceX SlaveX420
    SpaceX matches 0%
    Apr 19 0
  • Fidelity Investments AkumaFi
    Fidelity is 100% of up to 7% of your salary. Vests immediately. Plus profit sharing up to 10% of your salary thrown in at end of year.
    Apr 19 2
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      What's profit sharing?
      Apr 19
    • Fidelity Investments AkumaFi
      They don't do RSUs as a private company, so if they turn a profit that year you will get up to 10% your salary added 401k along with the 7% they had matched. 17% free $ going to your 401k essentially.
      Apr 19
  • SAP / Eng nolongrsap
    SAP matches 75% up to 6% of your paycheck of course not exceeding the max limit per year.
    Apr 19 2
    • Cisco / Eng lHMA75
      AFAIK, max limit per year is only for employee contribution not the employer match.
      Apr 19
    • BluVector sparked
      There are two separate limits; your contributions go against personal and what everyone widely discusses. Employers have a second limit which they can’t exceed which is 2x the personal limit so it is practically never touched
      Apr 19
  • Apple Icml2017
    Baidu has the best match for 401K: 70% of max limit of 401K contribution. If the max contribution of 401K for a year is $18500, Baidu will contribute 70% of that, which is approx $13000. The worst 401K match is at Lyft, where it is 0% match from employers side. At Apple, it’s decent especially if you stay 5 years or more,when the match is 6% of your salary ($12000 match for $200K base).
    Apr 20 1
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Thanks for all the info!
      Apr 20
  • Cisco / Eng lHMA75
    Cisco does 4.5% of base+bonus. For high earners this is better than G,M,F. E.g. someone with 200K base and 50K bonus would get 401K match of 11250, which is more than the 9.5K match in G and M.
    Apr 19 0
  • Walmart.com grxhevmg
    100% matching for 6% of your base.
    Apr 19 2
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Walmart Corporate?
      Apr 19
    • Walmart.com grxhevmg
      Yes
      Apr 19
  • Boeing Airbus
    75% match for 8% of salary. So 6%
    Apr 19 0
  • Bank of America. 5% and 2% bonus at the year end, effectively 7%
    Apr 19 0
  • Dropbox kio 3
    100% match up to 6k. So basically 6k
    Apr 19 0
  • Liberty Mutual Insurance / Finance lm1
    Liberty Mutual matches 50% up to 8% contribution. They also add an additional 5% of your salary to a pseudo pension benefit plan (no individual contribution required)
    Apr 19 0
  • New IKlS17
    Xandr matches 7% up to 280k, plus it allows for after-tax (non-roth) contributions and in-service distributions (mega-backdoor roth). Downside is that there's a 3 year vesting cliff.
    Oct 2 0
  • HBO / Eng
    j1234

    HBO Eng

    PRE
    Redfin
    j1234more
    For hbo u contribute 6 percent. The company contributes 7 percent.
    Apr 19 0