Who has the best 401k plan?

Credit Karma scalaps
Oct 15, 2018 39 Comments

I’ll do boring work, I just want an excellent 401k. In my 20s but thinking ahead.

I’m looking for a plan with:
- no vesting for matches
- 100% matches for up to 4%+ of salary
- Mega backdoor roth capability

I heard Microsoft, Cisco, and Google were top tier in terms of 401k benefits. Anyone else?

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TOP 39 Comments
  • Wayfair addA30
    401k should not be your focus. TC should be your focus.

    Contribute the company match, sure, but would you take $20k less for a 10% fully vested match? That would be ridiculous because you can only contribute $18.5k/year.
    Oct 15, 2018 3
    • Credit Karma scalaps
      OP
      Hey Mr. Wayfair, that’s not quite correct. Company contributions do NOT count towards your 18.5k limit. Only your own contributions do.

      If I was getting matched on 10% of my salary I would certainly take that. I’d get another 18k lol
      Oct 15, 2018
    • Wayfair addA30
      Okay Mr. Credit Karma. I don't know why you insist on optimizing for such an insignificant portion of your TC, but you go right ahead and do that if it makes you feel good.
      Oct 15, 2018
    • I believe there is still a combined limit of like $50k. Probably still not enough to justify prioritizing 401k over TC.
      Oct 15, 2018
  • Apple / Eng Schneider
    Apple does 100% match for 6% salary for 5 years or more tenure
    Oct 15, 2018 10
    • Wayfair addA30
      I get 50% match for 6% (not as high) but fully vested on Day 1 (better). Who's going to stay at Apple for 5 years? That's 1.5-2 times that you can leave a job and get 20% higher TC.

      I would never vest my 401k at Apple.
      Oct 15, 2018
    • Apple Tom cook
      Apple also does 50% from day 1. Increases to 100% in 5 years
      Oct 15, 2018
    • Apple / Eng Schneider
      @addA30 Either you can’t read, or make too many incorrect assumptions. Where did u see anything about vesting? Also, never mentioned anything about less than 5 yrs - you assumed there isn’t any
      Oct 15, 2018
    • Wayfair addA30
      k
      Oct 15, 2018
    • Apple / Eng
      iHateFruit

      Apple Eng

      PRE
      Apple
      iHateFruitmore
      Apple’s match is trash. Google and Microsoft are much better
      Dec 5, 2018
  • Pacific Northwest National Lab cndjxbss
    Mega backdoor is a big deal. You can contribute with match $55k to IRA/401k which are tax sheltered and also protected from creditors
    Oct 15, 2018 4
    • Cisco / IT vzIq77
      100% this. The protection from creditors alone makes the mega backdoor Roth worth the hassle.
      Oct 15, 2018
    • Cisco bill nye
      ^ what are some common creditor situations to anticipate? I'm too young to know what could happen in future.
      Oct 15, 2018
    • Cisco / IT vzIq77
      Sometimes life happens, especially if you are stricken with a chronic medical issue and/or long term unemployment. No matter what happens, your 401k is safe from everyone except family court and the IRS.
      Oct 15, 2018
    • Cisco bill nye
      Well, I'm more scared of family court and it's. Healthcare bankruptcy is a different problem and so is personal unemployment, both having multiple resolutions.
      Oct 15, 2018
  • Google / Eng
    GCoin

    Google Eng

    PRE
    Apple
    GCoinmore
    You seem like a boring person (no disrespect intended) :) sure, make sure you are saving into your 401K but don’t make it a focus. You might not even live to use it! Enjoy life.
    Oct 15, 2018 0
  • Cisco / IT vzIq77
    Can confirm Cisco offers all of what you listed, but the TC isn’t as good as many other places in the Bay Area
    Oct 15, 2018 5
    • Credit Karma scalaps
      OP
      Cisco how much do you put in your 401k annually?
      Oct 15, 2018
    • Cisco / IT vzIq77
      I’ve only been here about a year or so, but I put in 18k last year and am on track to put $40k this year (not including match)
      Oct 15, 2018
    • Cisco RTP
      Can anyone ELI5 on backdooring into a 401k?
      Oct 15, 2018
    • Cisco RTP
      Got it. Thanks man. Sorry for my comment (removed)
      Oct 15, 2018
    • Cisco / IT vzIq77
      Basically, you can put up to $55k across your 401k subaccounts. This includes the 18.5k contribution limit for traditional or Roth, employer match, and non Roth after-tax contributions.
      Oct 15, 2018
  • Citibank dosmashme
    LinkedIn is 50% of all contributions fully vested immediately. Free 9k every year
    Oct 15, 2018 2
    • LinkedIn SoPf06
      We also have mega backdoor Roth.
      Oct 15, 2018
    • Twitch / Eng Zerginator
      Holy shit. 50% of everything plus megabackdoor. The dream. Amzn is only 2% of salary max :(
      Oct 15, 2018
  • Visa ISO💵
    200% of 5%
    Oct 15, 2018 2
    • Apple / Eng Schneider
      Any Tenure restriction ?
      Oct 15, 2018
    • Visa ISO💵
      Nope and vested as soon as applied
      Oct 15, 2018
  • Paperless Post / Eng
    CashMeIn

    Paperless Post Eng

    PRE
    JPMorgan Chase
    BIO
    Not your average blind user
    CashMeInmore
    What does mega Roth backdoor do? Just curious to know what it is
    Oct 15, 2018 0
  • Google QNrQ72
    Google has 50% of all contributions vested immediately. Also supports megabackdoor.
    Oct 15, 2018 0
  • Sony matches 100% of 4.5%.
    Oct 15, 2018 0
  • Apple / Eng Schneider
    AAPL has 100% plus megaback door 😜
    Oct 15, 2018 0
  • Autodesk DouP01
    Isn’t large companies mostly like this? Autodesk has this too.
    Oct 15, 2018 0
  • Amazon / Eng in bvggx
    NSA chief
    Oct 15, 2018 0