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re: Best 401K matches you have heard of

Posted on 2/18/16 at 12:23 pm to
Posted by lynxcat
Member since Jan 2008
24191 posts
Posted on 2/18/16 at 12:23 pm to
Most players are in the league for only a handful of years so you are only talking about ~$100k the league is investing in a math even if the person maxes the 401k
Posted by Croacka
Denham Springs
Member since Dec 2008
61441 posts
Posted on 2/18/16 at 1:41 pm to
We get 5% right off the bat and then 100% match on the first 5% we put in


I.e. Employee puts up 5, employer puts up 10
Posted by DaBeerz
Member since Sep 2004
16996 posts
Posted on 2/18/16 at 1:54 pm to
My most recent employer gave us 16.9% of your salary in a profit sharing plan with no self contribution. We got bought out though and now have much higher base salary, set your own 401k %, no match.
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 2/18/16 at 3:20 pm to
quote:


Sadly, I bet very little take advantage of this, if accurate.



Would be interesting to find out since the max contribution is what now? $18.5k? After taxes for an NFL player that may be ~$10k which is ~2% of league minimum salary

Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 2/18/16 at 3:22 pm to
Company gives 2% then matches 50 cents per $1 up to 6%


We used to have a balling fully funded pension plan. I got hired right after they got rid of it. They legit told me on the phone it was a benefit only to apologize later
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
32740 posts
Posted on 2/18/16 at 3:40 pm to
My company gives 2% regardless of contribution and 50% up to 4 percent. So if I put in 4% I get 4% from the company. Also, there is profit sharing up to 3%.
Posted by Nobs
Houston
Member since Dec 2010
377 posts
Posted on 2/18/16 at 6:32 pm to
Certain large European oil company gives 2.5% of salary from year 1 - 4, 5% of salary from year 5 - 9, and 10% from year 10 on. Regardless of our personally contribution.
Posted by ragacamps
Member since Jan 2011
2997 posts
Posted on 2/18/16 at 7:23 pm to
Had 6 percent once
Posted by castorinho
13623 posts
Member since Nov 2010
82061 posts
Posted on 2/19/16 at 12:04 am to
3% off the bat
100% match up to 5%
Discretionary match (typically between 3-5%)
Posted by dillpickleLSU
Philadelphia, PA
Member since Oct 2005
26269 posts
Posted on 2/19/16 at 7:55 am to
Downstream oil...100 percent match up to 7 percent plus pension
Posted by Louie T
htx
Member since Dec 2006
36321 posts
Posted on 2/19/16 at 8:48 am to
I'm thinking you and I work for the same company.
Posted by STLhog
Nashville, TN
Member since Jan 2015
17727 posts
Posted on 2/19/16 at 9:00 am to
quote:

I.e. Employee puts up 5, employer puts up 10


We put 6% and company puts up 9%.

Almost as good as yours but not quite.

It's def. the best I've heard of in the food industry.
Posted by dillpickleLSU
Philadelphia, PA
Member since Oct 2005
26269 posts
Posted on 2/19/16 at 9:48 am to
I think most of the majors are similar....I think Marathon is similar to what we have
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 2/19/16 at 10:01 am to
I put up 6% and company puts up 9% (5% match throughout the year and 4% lump sum at the end)
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16332 posts
Posted on 2/19/16 at 11:07 am to
I put in 4%, company matches the 4%. It also puts in 8% on top of that. Not bad, now if I can get a higher salary.
Posted by fly2fish
OB
Member since Nov 2008
242 posts
Posted on 2/19/16 at 10:28 pm to
I think my company is a decent deal, but not not real sure. They give 50 cents on the dollar up to my $23,000 contribution.(over 50 catch-up)
Posted by LSUtigerME
Walker, LA
Member since Oct 2012
3809 posts
Posted on 2/20/16 at 8:54 am to
quote:

Certain large European oil company gives 2.5% of salary from year 1 - 4, 5% of salary from year 5 - 9, and 10% from year 10 on. Regardless of our personal contribution.

This. First few years aren't great, but after year 9 it is very nice.

Plus pension, which at a minimum is 4%/year, again increasing by 2% every 5 years (based on age+experience).
Posted by bovine1
Walnut Ridge,AR via Tallulah,LA
Member since Dec 2004
1284 posts
Posted on 2/20/16 at 9:21 am to
I work for Riceland Foods. Ours is pathetic. .25% up to 4% max. New hires after 08/2009 aren't in the pension plan and they told us the 401K match would be increased to compensate us for having no pension. Hoser talk.
Posted by lsunurse
Member since Dec 2005
129044 posts
Posted on 2/21/16 at 7:38 am to
Not a 401k plan but the pension retirement plan I'm in (AZ state retirement system) matches 100% once you are fully vested at 10 years. They 100% match what you have in there at 10 years and then for all future contributions (ex: if I have 100k at 10 years I now have 200k).

I have no control over how much I contribute though. It's set by AZRS every year. Currently at 11% of what I make.
Posted by TheDiesel
Phoenix
Member since Feb 2010
2608 posts
Posted on 2/21/16 at 2:44 pm to
Ours is 100% match up to 5% and then a discretionary 4% in March if the company meets certain goals.

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