While the fact that the salary is the most crucial part of any job out there is undoubtedly true, there’s still something more to the issue than just that. Nowadays, when it comes to luring a new potential employee, company benefits play a very big role in retaining job candidates.
The majority of companies will offer various employee benefits, such as health insurance and paid vacation, and unlimited PTO. Lots of people offer 401(k) plans, which are now a key tool for employees, as it helps them plan their financial futures.
As written in a May 2021 report from Fidelity, employers made an average contribution of 4.6% of employees’ salaries to their 401(k)s in the first part of 2021. However, not all 401(k) plans are equal. Some employers might prefer matching employee contributions at a much higher percentage and some of them include profit-sharing in the contract.
A competitive 401(k) plan could have both low fees, and a good company match.
While not all companies enlisted here provide specifics on their fees and what options they offer, we sure know one thing: their employees are incredibly thrilled with their 401(k)s!
Companies That Offer Great 401(k) Plans:
AAA Club Alliance
AAA Club Alliance actually scored 3.7 stars out of 5 on Glassdoor for the benefits they give. But it doesn’t come as a surprise, because the company matches employee contributions to the 401(k) up to 7%. AAA Club Alliance also gives employees 2.5 weeks of paid time off in the first three years, paid holidays, and paid training, alongside a tuition reimbursement program.
In fact, many people have left positive reviews about the company, saying that “they offer generous and good benefits”, but also that there are “great people to work with”. Naturally, they also enlisted a couple of cons, like the fact that they do micromanagement.
Accenture is focused on the client’s business growth. People who are newly employed here don’t even have to wait to become active in their 401(k) program, as everyone is instantly eligible to contribute.
After meeting eligibility requirements, employees will get a matching contribution for each and every dollar they contributed, and it can go as high as 6% of their eligible compensation. The company doesn’t show this information publicly, but employees reported how they are 100% vested in their own contributions right away.
They become 100% vested in Accenture’s matching contributions only after two years.
Aya Healthcare is a famous travel nurse agency that was voted seven years in a row as a top workplace by The San Diego Union-Tribune. The company offers to its employees a matching 401(k), and if you work for them, after only one year, you are eligible for matching.
Aya Healthcare matches employees’ contributions dollar-for-dollar for the first 3% and 50 cents for every dollar on the next 2%. There are many other benefits too, such as free premium medical, life, dental, and vision insurance, alongside unlimited paid time off. This offer is probably one of the best in the whole branch!
Bain & Company
Brain & Company is a company that’s based in Boston. They deal with global management consultancy, and they’re famously good at it. But the way they do their business isn’t the only reason why they are so appreciated.
On Glassdoor’s benefits rating, they have a whopping 4.8 stars out of 5, which I guess it could only mean that they offer a great package of benefits for those who want to work there.
Besides a 401(k) match, Bain offers to its employees one of the best health insurance plans, but also a great maternity and paternity leave plan, alongside an employee well-being program.
Citigroup is a global banking company that offers a wildly impressive benefits package. You might be eligible to contribute to your 401K on the very first day you work at Citigroup. In the majority of cases, you will be eligible for matching contributions right after you have worked there for one year.
And if you meet a couple of their requirements, they will also provide you with a fixed contribution of up to 2% of your eligible pay. In the long run, the benefits they are offering to their employees are valuable, so if you consider working there, you should go ahead and try.
CNX Resources Corporation
CNX Resources is an independent gas exploration and production company. CNX offers its employees a very long list of great benefits. For example, one of those things they put an emphasis on is that an employee can get a 401(k) plan that will provide a 6% company match.
We are talking here about $551 million in assets and over more than 2,900 participants.
CNX also has many other corporate perks, some of which include an extremely professional development reimbursement, paid parental leave, adoption assistance, and of course, flexible work schedules. If you’re considering working for them, it’s really worth your time.
One of the biggest interests of Costco Wholesale when it comes to its employees is to help them retire comfortably. To help them reach this goal, the company is matching employee contributions at 50 cents on the dollar for the first $1,000 each year, and for a maximum match of $500 a year.
Eligibility has been settled depending on the employees’ eligible earnings.
That percentage rises when a couple of years have passed since the employee started working for Costco Wholesale. While their offer isn’t at all that bad, if it doesn’t suit your needs, we would advise you to keep on searching and never settle for less!
E. & J. Gallo Winery
E. & J. Gallo Winery is a family-owned business that puts a lot of emphasis on treating its employees as if they were family too. As a matter of fact, employees rated the company’s benefits program with 4.2 stars out of 5 on Glassdoor, which is very good.
Besides offering their employees an advantageous profit-sharing retirement plan, E. & J. Gallo Winery also comes with a pretax and after-tax 401(k) plan with a company match.
Its employees always get a 100% match of contributions of up to 3% of their annual income. These are one of the best benefits on the list!
General Motors is an automaker that once filed for bankruptcy, so many people don’t see this employer as a proper fit for them and would offer a competitive employee benefit. However, General Motors does that BIG TIME.
It has a 401(k) plan that provides its employees with both a match and GM retirement contributions. In fact, according to one of their employees that shared these facts on Glassdoor, you will receive here a 3% base contribution, alongside the fact that General Motors will match up to 4% on top of that! Not too bad, am I right? I thought so.
GoFundMe is a famous crowdfunding site that caters to individuals, groups, and organizations. On Glassdoor, employees reported that the company takes care of them, by offering a 401(k) match up to 6%, though there aren’t any current details on the percentage.
In fact, there is one current GoFundMe employee that related how the company gives “fully covered healthcare AND unlimited PTO for its salaried employees”, as another one said that they also have a $600 annual wellness stipend, plus a $400 work-from-home stipend every month. GoFundMe also has performance bonuses.
Natural yogurt maker GoGo squeeZ has a whopping 4.3 benefits rating on Glassdoor. One of the reasons for this is that it has a comprehensive benefits package to offer, which keeps employees extremely satisfied.
The package contains health, dental, life, and vision insurance, alongside many other bonuses, gym memberships, and social events. The company’s 401(k) plan also has a company match of 4%.
Back in 2018, Honeywell put a lot of effort to bolster its workers’ retirement savings, as it decided to increase how much to match its employee’s contributions to a 401(k) plan.
According to a Forbes website, Honeywell employees who had been getting a 75% match at the initial 8% of pay, managed to get their match boosted to 87.5%! The maximum company match for any of these workers increased to 7% from 6%.
Those numbers might still be true today, as a Honeywell representative. With this company, employees are always 100% vested in their own contributions. Even so, employees have become eligible for the match after working for three years.
Imgur is an online image-sharing community that managed to score a very big score on Glassdoor for the benefits program it offers, of 4.6 stars out of 5. The company has 401(k) matching, but we didn’t succeed in finding out exactly the percentage of it.
However, there is one reviewer on Glassdoor that mentioned he got the match at 4%.
There are other benefits and perks that Imgur offers, such as unlimited paid time off, but also the option to work from home. As these days working from home have become a priority, the company offers a very fair deal.
Kimley-Horn & Associates
The company states on the website that the average employee’s 401(k) plan is about to replace 70% of their income retirement. These numbers basically mean that the sum we are talking about is nearly three times more than the percentage on the average 401(k) plan.
Kimley-Horn will provide a two-to-one 401(k) match on the first 4% any employee might contribute. Kimley-Horn & Associates also offers a very generous profit-sharing program.
As it can be seen on Glassdoor too, many of their employees are very satisfied with what the company has to offer, so if you’re considering working for them, you won’t regret it.
Lone Pine Capital
Lone Pine Capital was founded in Greenwich, Connecticut, in 1997, and it’s a hedge fund company. In 2019, the company started with $32 billion in assets under management. Its employees actually seem to have no problem whatsoever with building lucrative retirement accounts.
Lone Pine Capital has an average 401(k) account balance of $1.31 million, as can be seen on Brightscope. In reality, that is far more than the industry average of only $129,157. This company’s 401(k) plan has more than $182.4 million in its assets and more than 100 active participants.
RealSelf is a wide healthcare marketplace that allows its users to browse patient reviews and look for medical expert opinions on various treatments and providers. The company managed to get a big 4.6 stars out of 5 on Glassdoor for its benefits package.
RealSelf has a matching 401(k) with up to a 4% match for its employees. What can be read from all this data is that the plan has a real profit-sharing component, and more than $7.9 million in assets, alongside more than 200 active participants. Truth to be told, it does seem that working here might come with a lot of advantages!
SES Americom is a successful provider of satellite and ground communications solutions. The company has more than 800 active participants and over $196 million in plan assets. In fact, one Glassdoor user explained that “vacation, 401(k) and proper health insurance are by far the best things about the benefits package it offers.
They also keep the European standard of vacation for U.S. employees, which is way better than any other U.S. company would ever offer you.” Glassdoor users also report that you will receive a matching 401(k) with up to a 6% match.
Employees that are currently working at Southwest Airlines are able to save for their retirement plans through both Roth and pretax 401(k) plans. Southwest Airlines matches employees’ contributions dollar-for-dollar for up to 9.3% of their eligible earnings.
So we can easily draw the line and say that Southwest’s 401(k) plan is extremely competitive. Not only that, but the company also takes great care of its employees by offering a profit-sharing benefit that has ranged throughout the past 10 years, from 1%-16% of their eligible compensation.
Simpson, Thacher & Bartlett
Simpson, Thacher & Bartlett law firm has a defined contribution plan, with a great 401(k) component, besides a profit-sharing feature. The company has this plan where there are over 1,200 users with a $270,000 average account balance.
But this is not everything, as the firm also has benefits. It also offers very flexible work arrangements, off-site emergency child care, and a subsidized on-site cafeteria, but also a $2,500 technology stipend and matching donations to law schools.
Ultimate Kronos Group
Ultimate Kronos Group is developing and selling UKG Ready and UKG Pro, which are cloud-based human capital management software systems for many businesses out there. They also have a 401(k) savings plan that features a 45% company match.
There are also other benefits, such as unlimited personal time off, and 100% covered health insurance premiums but also fertility assistance.
Vimeo is a wildly popular video-sharing platform, that has been made by a group of filmmakers in 2004. Nowadays, it serves more than 80 million creators who want to share and promote their work with the entire world on its platform.
Employees that work at Vimeo gave its benefits program a good score on Glassdoor, of 4.5 stars out of 5. Reviews also report that there is a 10% 401(k) matching that vests only after two years of employment. Besides that, there is also a monthly wellness stipend and unlimited options for taking time off.
You have probably read a dozen of things about Walmart, and the majority of them were probably not good. However, no matter what you might have heard or read, this retail giant is actually very competitive when it comes to matching 401(k) contributions.
After only one year of service, Walmart is matching employees’ contributions dollar-for-dollar for up to 6% of their eligible pay. In other words, let’s say you earn $30,000 a year working at Walmart, and contribute 6% of your salary, or $1,800, to your 401(k).
In this case, Walmart will match that with a $1,800 contribution of its own. Even more, hourly associates are also able to contribute to Walmart’s 401(k).
Willowtree is an app development company that has offices in Virginia, North Carolina, And New York. WillowTree has been extremely praised by Fortune, Glassdoor, and Inc., as it is considered one of the top places to work.
This company has benefits that include a 401(k) match, stock options, flexible work hours, and also gym memberships. In fact, its employees rated the benefits package they have been offered a whopping 4.6 out of 5 stars on Glassdoor. Even more, there is one employee that noted how workers receive a company match of up to 6% on 401(k)s.
Zeta Associates managed to get a 4.7-star rating out of 5 on Glassdoor, and its benefits surely seem extremely popular enough! Zeta Associates also have a profit-sharing plan that has both a 401(k) and a profit-sharing component.
Many reviewers that have written their experience on Glassdoor said that this company will automatically put 25% of your salary into a 401(k) plan. Another great perk is that you get 320 hours of PTO.
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