Best 401k Company Match

Google / Eng
rQsc13

Google Eng

PRE
Qualcomm
rQsc13more
Apr 19, 2019 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, 2019 3
    • 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, 2019
    • 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, 2019
  • BluVector sparked
    Johns Hopkins Physics laboratory contributes 10% of your salary to 401k regardless of your contribution rate
    Apr 19, 2019 0
  • Amazon HumpDay
    Wow, Amazon is the saddest! 50% on 4%
    Apr 19, 2019 5
    • Google Atinlay2 
      Wow, didn't know it was that bad at Amazon.
      Apr 20, 2019
    • 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, 2019
  • Amazon / Other Valon
    McKinsey did 12% of base to your 401K automatically, no vesting nor contribution required. Now it’s 7.5%
    Apr 19, 2019 4
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Why the discrepancy? Thought it was mainly a consulting company
      Apr 19, 2019
    • Google uzaname
      Consultants had higher salaries so they reached legal limit without getting 12%. They were offered some cash bonus instead.
      Apr 19, 2019
  • LinkedIn kJKe75
    Fb doesn't match 50% AFAIK. LinkedIn matches 50% as well.
    Apr 19, 2019 3
    • LinkedIn kJKe75
      That's on base not including rsus. I don't think e5 or even e6 has 275k base.
      Apr 19, 2019
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      Wow
      Apr 19, 2019
  • 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, 2019 2
  • Apple parking
    6% of base pay. So 200k base would get you $12k
    Apr 19, 2019 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, 2019 6
    • Visa matches 200% up to your 5% of base pay, e.g. They’ll kick in 10%.
      Apr 19, 2019
    • 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, 2019
  • SpaceX SlaveX420
    SpaceX matches 0%
    Apr 19, 2019 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, 2019 2
    • Google / Eng
      rQsc13

      Google Eng

      PRE
      Qualcomm
      rQsc13more
      OP
      What's profit sharing?
      Apr 19, 2019
    • 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, 2019

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