Compensation

Facebook benefits: HSA and After-tax 401K

Oracle Thank-you
Jun 1

40+ considering joining FB. I might look at things that young folks do not care that much.

1. Does FB offer HDHP thus for me to open an HSA? If so, how much seed money and how much is the deductible? If not, say for PPO and EPO, what insurance companies? (I am with United Healthcare right now and quite happy with its networks) how much do you pay biweekly for a family EPO? Any copay and deductible?

2. Does FB offer after-tax 401K? If so, any limit on how much you can contribute to after-tax portion (obviously the total of before-tax + company match + after-tax <= 5X K per IRS)? Does it allow in-service withdrawal? Frequency? Or the money has to stay in 401K? Can I rollover to Roth 401K in that case?

As a comparison, I am quite happy with Oracle’s after-tax 401K. It allows unfettered in-service withdrawals to my Roth IRA. As for limit, I think it is up to 15% of salary.

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  • Oracle Thank-you
    OP
    For 401K, does FB offer those Vanguard index funds? Oracle offers the popular Vanguard funds and 401K contribution is up to 55% of salary (40% pretax and Roth, 15% after-tax). Quite a good plan I would say.
    Jun 12
    • Facebook gLKg44
      Yes, there are a bunch of Vanguard funds you can choose from. Pre-/post-tax contribution match is 50% up to 7% of salary.
      Jun 1
    • Oracle Thank-you
      OP
      Thank you sir. Much appreciated your info.
      Jun 1
  • Microsoft stillon
    If you’ve maxed out 401k and match at one company and switch to FB during the year, can I still contribute to 401k and get the match?
    Jun 180
  • Netflix heathrow
    Thank you for sharing some real info on here for a change!!
    Jun 10
  • Pinterest ctMu21
    No HDHP. Ppp and epo deductible is 250 for single and no premiums. Goes up to $100 for a family with dependents. Family deductibles are 500? Copays are standard.

    Probably the second best healthcare plan I’ve ever had. Would love a HDHP option tho.
    Jun 15
    • Oracle Linked|n
      Where was the best
      Jun 1
    • Oracle Thank-you
      OP
      @ctMu21: for the $100/paycheck, is it for EPO? With $500 deductible, that is about $3000/year. It is great, but probably not excellent. (For single, zero-premium is definitely outstanding.)
      Jun 1
    • Oracle Thank-you
      OP
      Is Stanford hospital part of Aetna network?
      Jun 1
    • Pinterest ctMu21
      Consulting firm that no longer exists. Everything was covered with no deductible.
      Jun 1
    • Pinterest ctMu21
      Aetna PPO family is 130. EPO is 140. 500 deductible PPO. No deductible EPO.

      From what I understand the coverage is really good. Assuming Stanford would be in there.
      Jun 1
  • Facebook gLKg44
    2. Yes, up to $25k per year. It allows for unfettered in-service withdrawals to your Roth IRA as well.
    Jun 12
    • Amazon hde876ff
      Would there be any charge on rollover 401k money to Roth?
      Jun 1
    • Facebook gLKg44
      Nope
      Jun 1
  • Facebook LNnM77
    FB has one of the best 401k plans ive seen. They pay all maintenance fees and a lot of funds have subsidized expense ratios.
    Jun 11
    • Apple / Engcho Chang
      Match is trash tho, only 3.5% of base
      Jun 1
  • Microsoft / Eng
    Cnkdokxbf

    MicrosoftEng

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    What broker does FB use? Fidelity?
    Jun 11
  • Microsoft / Eng
    Cnkdokxbf

    MicrosoftEng

    BIO
    iOS developer
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    What is the IRS contribution limit on pre-tax + after tax + company match? Having a hard time finding an official link on IRS site. Can someone share the link?
    Jun 20
  • Amazon hde876ff
    Does Aetna EPO offered by fb has good network of hospitals in Seattle? What's most popular option among ppo and epo?
    Jun 10
  • Oracle Thank-you
    OP
    Thanks for sharing the 401K info. I think I have a pretty good idea now. Anyone could chime in for my first question, regarding HSA and health care in general?
    Jun 10

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