Unique Company 401k Situation

What field?

In my experience (engineering/petrochemical), it's pretty rare. First, 10% is pretty high. And almost every company I know of it's a match.

However, a lot of these companies also offer a pension/defined benefit plan. That usually requires no contribution.

Nothing additional if we contribute. Just 10% regardless. Currently, I contribute an additional 5% to 401k and 3% to a Roth IRA. Hope to increase both in the near future.

My company auto enrolls everyone at 6% with 50% match up to that amount.

After year one of employment, they contribute 2% every Jan 1st regardless of your contribution.


We used to have a super solid defined benefits/pension plan. While I was pitched this as a benefit when I received my offer, my offer letter wasn't given to me until days after corporate decision makers announced they no longer offered it on an internal memo (which no one told me about till after I signed)

Mine is similar, just not paid quarterly.

I work for an oil major.

Ours was the same as the OPs as of two years ago. We are now at 4% match plus 4% - so 8 total if you max the match.

That's a very solid point. I definitely need to take a look at that. Thanks

Mine is 2% of salary contribution no matter what.

Then they match up to 5%. I feel like it's a nice plan.

Employer total contribution/match each year is capped at $50,000. You have to make $714,286 to reach the cap.


10% contribution no matter what is pretty awesome. Is there a cap?