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Companies With Best 401k Match Plans

  • By basitahmaddar
  • April 18, 2024
  • 5 mins read
companies with best 401k match
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    In today’s competitive job market, salary isn’t the sole factor driving a job seeker’s decisions. Company benefits have emerged as a pivotal element in both attracting and retaining top talent. While traditional offerings like health insurance and paid vacation remain crucial, the 401k match plan has gained prominence as a significant tool for employees to secure their financial futures. In this article, we’ll explain what a 401k match plan is and highlight the companies with best 401k match plan.

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    What is a 401k Match Plan?

    A 401k match plan is a retirement savings program offered by employers. They match a portion of their employee’s contributions to their 401k accounts, typically up to a certain limit. This means that for every dollar an employee puts into their 401k, their employer also puts in some money. This effectively doubles the employee’s savings.

    For example, companies with best 401k match offer a dollar-for-dollar match up to a certain percentage of the employee’s salary. If the employee contributes 5% of their salary, the employer will match that contribution, effectively doubling the employee’s retirement savings. This match incentivises employees to save for retirement. It also helps them build a stronger financial future by boosting their retirement savings.

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    What Are The Companies With Best 401k Match Plan?

    Now that you know the meaning of 401k match plans, let’s explore the companies with best 401k match plans.


    Edmunds, a prominent name in consumer vehicle guides, offers a 100 per cent match for employee’s pre-tax and Roth 401k contributions, up to 6 per cent of their eligible salary.


    Providing tools for simplified file-based data import, Flatfile matches employee contributions at 100 per cent for up to 3 percent of their compensation, and at 50 per cent for the next 2 per cent.

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    Activision Blizzard

    This global video game giant matches employee contributions dollar-for-dollar on up to 25 per cent of their salary, with immediate eligibility and full vesting.

    Visa Inc.

    Offering electronic fund transaction services worldwide, Visa Inc. provides a 200 per cent match on employee contributions, up to five per cent of their base salaries.


    The largest rideshare company globally, Uber offers full matches on 401k plans for its U.S.-based full-time employees, up to 10 per cent of their annual compensation, with immediate eligibility and full vesting.

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    Second-largest broadcasting and cable television company, Comcast matches employee contributions dollar-for-dollar, up to 6 per cent of their annual pay, with immediate eligibility and vesting.

    Bosch USA

    Bosch USA, a global engineering leader, extends a compelling 75 per cent company match on employee’s contributions, reaching up to 9 percent of their compensation.

    Samsung Electronics

    Providing full and partial match contributions, Samsung matches the first 3 per cent of an employee’s salary dollar-for-dollar and the next 3 per cent at 50 per cent, totalling a maximum employer match of 4.5 per cent annually.

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    Offering software and industrial IoT products, Honeywell partially matches employees’ contributions for up to 7 per cent of their base salary, with full vesting after three years of employment.


    The renowned consumer technology company offers both partial and full 401k matching options based on the length of employment, with matches ranging from 50 per cent to dollar-for-dollar up to 6 per cent of annual salary.


    A biotech company specializing in neurological disorders, Biogen offers a 200 per cent match on 401k contributions, up to 3 per cent of yearly pay.

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    With a global presence of 35,000 stores, Starbucks extends its 401k match plan to all employees, matching contributions dollar-for-dollar, up to 5 per cent of eligible pay, after 90 days of employment.


    Telecommunications giant AT&T provides an 80 per cent match on 401k contributions, rising to 100 per cent after one year of service, capped at 9 percent of compensation.


    Offering limitless employer matching, Microsoft matches 50 per cent of contributions up to the IRS limit, resulting in a maximum employer match of around $10,000 annually for its U.S. employees.

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    BOK Financial

    This financial services company offers 401k match percentages ranging from 50 per cent to 200 per cent, depending on tenure, allowing employees to customize investment options.


    Tech consulting firm Accenture offers dollar-to-dollar match contributions up to 6 percent of eligible compensation, with a two-year vesting period.


    The e-commerce giant matches 50 cents for every $1 contributed by employees, capped at 4 percent of eligible pay, with immediate eligibility upon hire and a vesting period after three years.

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    IT giant Cisco matches employee contributions dollar-for-dollar, up to 4.5 per cent of eligible pay, allowing employees to contribute up to IRS limits.


    Aerospace company Boeing automatically contributes 3 to 5 per cent of eligible pay to employees’ 401k accounts, with dollar-for-dollar matching on employee contributions, up to 10 per cent, and immediate eligibility and vesting.


    Providing flexibility, Google offers either 100 per cent matches of up to $3,000 or 50 per cent matches of up to the IRS contribution limit for eligible U.S. employees, with immediate vesting.

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    3M provides all employees with a non-elective base contribution of 3 percent of their salary. Additionally, employees receive a dollar-for-dollar match of up to 5 per cent of their compensation. This match is provided regardless of whether they make their own contributions.

    Charles Schwab

    Charles Schwab, a provider of comprehensive financial services, offers its employees a generous 401k contribution package. This package includes a 100 percent match up to 5 percent of their salaries. Additionally, employees receive an initial $250 contribution for the first dollar they contribute.


    Employees at Netflix receive dollar-for-dollar 401k matching, covering up to 4% of their annual compensation. They become immediately eligible for this benefit with no vesting period required.

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    adobe is renowned for its digital marketing and creative media tools. It provides a 50 per cent match to employees’ 401k contributions, up to 6 per cent of their compensation. To qualify, employees must have worked at the company for at least 15 months, with a two-year vesting period.


    Meta is the parent company of social media platforms like Facebook and Instagram. It offers full employer matching of up to 50% of the IRS federal elective deferral limit for the year. This benefit comes with immediate eligibility for all employees. Additionally, employees enjoy full vesting from the outset.

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    In conclusion, the 401k match plan offers an invaluable tool for employers to support their employees’ long-term financial well-being. By providing generous matching contributions and valuable benefits, companies with best 401k match plans demonstrate a commitment to attracting and retaining top talent while fostering a culture of support and prosperity within their workforce.

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