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100% of the first 5%, but nothing after that. Fully vested for both your own and company contributions, but matching doesn't start until 1 yr employment. I will let you know next week if they match my bonus as well.
this sounds pretty standard and similar to mine. they will probably match your bonus
Does Citi match? I heard they don't.
i didn't know that they didn't match bonus. that sucks. that can amount to a decent chunk of change.
No, I heard that Citi doesn't match, period - not salary or bonus. Can anyone speak to citi's policy?
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=ae5Y3Wz8qGeM
100% matching up to 6%, it looks like.
I worked on a consulting assignment recently for an iBank, comparing a big chunk of the BB market - surprise surprise, the more prestigious the firm, the worse the retirement benefits, in general.
401k matching (Originally Posted: 12/18/2007)
How does yours work? I've seen everything from no matching, to 6% of what you contribute, to 5-6% of your comp.
And there's often a pension, usually with cliff vesting, of 1-5% on top of that.
So what's yours like?
My first firm matched 100% up to 6% vesting over 5 years. With an additional 4% of total comp up to 100k vesting after 3 years. With the 4% increasing every few years up to 6%.
Second firm is 50% matching up to 5% (So if I put in 5% they put in 2.5%) and it vests over 5 years beginning one year after start.
Other people I know couldn't contribute until 1 year, then were 100% vested immediately with 4% matching.
Its as individual as the firm, its the one area where offers at lower levels truly differ.
Consulting is very different...
No matching, but between 8-12% (depending on the firm) of total comp is placed in an account and vests from immediately to over 5 years (again, depending on the firm). Much prefer that :)
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