Does amazon match 401k? How much? Also does Amazon gives annual bonus?
I am moving to Amazon and did a complete analysis of the benefits difference between both companies. It comes to around $13k a year. Here's how: 1. 401k: MSFT matches upto 18k, Amzn matches 4%. Considering 140k base, you are losing around $6k in match (50% of the match difference) 2. ESPP: AMZN does not have ESPP, meaning you lose out on $1.5-$2k a year. 3. Health Benefits: no Stay Fit, so $800 there. For comparable Premera plan, with dependents, it will cost you $170/month at Amazon and will have $1k higher out of pocket maximum = $800+$2k+$1k = $4k almost. 4.Parking: Assuming you drive, be ready to shell out $150/month on parking = $2k/ year All this equates to around $13.5/year. Also, no performance bonus at Amazon. Best way to compare your offer would be to calculate your Yearly Total Compensation at MSFT = Base Salary at MSFT (calculate a higher amount if you are expecting promo) + $13.5k benefit difference + 14% Cash bonus + total stocks vesting next year (only what's vesting, not the award). Compare this amount with what you will get at Amazon in next 1 year = Base + cash sign on if any + RSU vesting. For me, AMZN'S TC came out at 25% higher then MSFT and so I am making the switch!
Thanks. You da MVP
What's HCE
What is a comparable premera plan? I though ms only offered kaiser for free and than there is a premera HSA plan?
Amazon does not give annual cash bonus. Amazon grants stock every year, according to a formula. Amazon has a target comp for you. At hire target can be calculated as base salary plus first year cash signing bonus. In other years you get RSU granted equal to target minus base minus signing bonus. Amazon will give grants every April to make sure your comp does not fall below target in the next two years. Target rises if you get a good performance review and obviously if you get promoted. Historically people have hated this formula and yet it has paid off bigtime for employees in the past decade, since stock has gone up a lot. My comp is hitting 500k this year at l6 because my comp is dominated by stock when has gone up a lot. If stock were to flatline you would still earn you target every year.
What about life insurance at Amazon?
Pretty sure it is a 50% of 4% up to maximum of 2% of pay (e.g. $100,000 will get $2,000 matched if they contribute 4%). Vests after 3 years as Amazon stock. No annual bonus. Very little in the way of additional comp outside of your initial offer. Get what you want when you come through the door.
Thanks! So let's say I get 110k base, then the 401k matching is only 4.4 k??
Sorry. Less than that. Updated original response. Basically, Amazon contributes $0.50 of every $1 you contribute up to a maximum 2% of your pay. MSFT had a similar scheme up until 2016 I think? It was 50% of 6% to a maximum of 3% of pay.