I just accepted a new job offer and was reviewing the benefits package. Early in my career before my recent under-employment stint I was always pretty indifferent to 401Ks and retirement planning in general. In retrospect this was dumb, but I was thoroughly convinced that I was going to strike it rich on my own. Ahh, the naivete of youth. Anyways, I’m not sure what the typical 401K agreement is in the working world these days and I was hoping to take a poll and benchmark my company’s policy with the Dope at large.
So, pick your companies matching portion of overall salary is in the poll. For any fractional percentage points please round down (truncate). IOW, a 2.5% match becomes a 2% match. Also, I ask that you folks also share in the thread additional relevant details. How long before that employer contribution vests? What’s the cap? Any other restrictions, benefits or details that might be relevant, whether it’s common or uncommon in the market. I’m still pretty unfamiliar with this stuff so if this poll is missing something glaring please point it out.
Poll coming soon.