Costco and 23 More Companies With Surprisingly Great 401(k) Plans

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Trong Nguyen / Shutterstock.com

Trong Nguyen / Shutterstock.com

There’s no doubt that salary is an important part of anyone’s job. But these days, company benefits also play a big role in attracting — and retaining — job candidates. Most companies offer employee benefits such as health insurance and paid vacation. Many also offer 401(k) plans, which have become a key tool in helping employees plan their financial futures. According to a May 2019 report from Fidelity, employers contributed an average of 4.7% of employees’ salaries to their 401(k)s in the first quarter of 2019, which was a record high.

Read: 29 Brilliant Retirement Ideas for Any Age

But not all 401(k) plans are created equal. Some employers match employee contributions at a higher percentage and some include profit-sharing in the deal. A competitive 401(k) plan should have both low fees and a good company match. Although not all of the companies here provide specifics on their fees or what they match, they all have one thing in common — their employees love their job benefits, and that includes their 401(k)s.

Last updated: March 22, 2021

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AAA Club Alliance

AAA Club Alliance scored 4.3 stars out of five on Glassdoor for its benefits package. That’s not surprising given the fact that the company matches employee contributions to the 401(k) plan at 7%. AAA Club Alliance also offers employees four weeks of paid time off and paid holidays as well as a paid training and tuition reimbursement program.

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AccentureAccenture

Accenture

Accenture

Accenture helps clients grow and transform their businesses. New employees don’t have to wait to become active in the 401(k) program at Accenture — everyone is immediately eligible to contribute. Employees do have to complete one year of service before matching kicks in. Once that happens, employees get a matching contribution for each dollar they contribute up to to 6% of their eligible compensation. Employees are 100% vested in their own contributions immediately and have to wait only two years to become 100% vested in Accenture’s matching contributions.

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Nurse helping senior woman use a walking frame.Nurse helping senior woman use a walking frame.

Nurse helping senior woman use a walking frame.

Aya Healthcare

Aya Healthcare is a travel nurse agency that was voted a top workplace five years in a row by The San Diego Union-Tribune. The company offers a matching 401(k) plan but doesn’t disclose the percentage. Other benefits include reimbursement for nurse’s licenses, healthcare coverage from the first day on the job and wellness and nutrition programs.

See: 6 Things To Do With Your 401(k) Right Now

Dallas, USA - June 7, 2019: Downtown cityscape buildings in city near Klyde Warren park with sign for Bain & Company - Image.Dallas, USA - June 7, 2019: Downtown cityscape buildings in city near Klyde Warren park with sign for Bain & Company - Image.

Dallas, USA – June 7, 2019: Downtown cityscape buildings in city near Klyde Warren park with sign for Bain & Company – Image.

Bain & Company

Boston-based Bain & Company, a global management consultancy, treats its employees well enough to earn 4.8 stars out of five on Glassdoor’s benefits rating. In addition to a 401(k) match, Bain offers a top-notch health insurance plan as well as maternity and paternity leave and an employee well-being program.

Chick-fil-A store signChick-fil-A store sign

Chick-fil-A store sign

Chick-fil-A

Chick-fil-A’s 401(k) plan ranks first among companies in the accommodations and food services industry, according to a June 2019 analysis conducted by Money. A Chick-fil-A employee’s average 401(k) balance was $158,188, the analysis found, which was more than triple the industry average of $47,788. All eligible, full-time Chick-fil-A employees can enroll in the 401(k), and the company matches up to 5%.

Car refueling on petrol station.Car refueling on petrol station.

Car refueling on petrol station.

CNX Resources Corporation

CNX Resources, an independent gas exploration and production company, offers its employees a long list of benefits. One of those benefits is a 401(k) plan that provides employees with a 6% company match. The plan boasts about $797 million in assets and more than 4,400 participants. CNX also offers other corporate perks such as on-site exercise facilities, paid parental leave, flexible work schedules and employee assistance and relocation programs.

Costco HawthorneCostco Hawthorne

Costco Hawthorne

Costco Wholesale

Costco wants its employees to retire comfortably. To help them reach that goal, the company matches employee contributions at 50 cents on the dollar for the first $1,000 each year, for a maximum match of $500 a year ($250 a year for West Coast Union employees). Once employees meet eligibility requirements, Costco makes a contribution to their accounts once a year. Eligibility is based on a percentage of employees’ eligible earnings. That percentage rises as an employee puts in more years of service.

VineyardVineyard

Vineyard

E. & J. Gallo Winery

E. & J. Gallo Winery is a family-owned company that treats its employees like family. In fact, employees gave its benefits program 4.8 stars out of five on Glassdoor. In addition to offering employees a profit-sharing retirement plan, it offers pretax and after-tax 401(k) plans with a company match. Employees get a 100% match of contributions of up to 6% of their salaries, according to the BenefitsPro website. There’s also no vesting period.

General MotorsGeneral Motors

General Motors

General Motors

An automaker that once filed for bankruptcy might not seem like a good candidate to offer competitive employee benefits, but General Motors does just that. Its 401(k) plan provides employees with both a match and GM retirement contributions. According to one employee on Glassdoor, “GM contributes 4% no matter what and matches an additional 4%.”

crowd fundingcrowd funding

crowd funding

GoFundMe

GoFundMe is a crowdfunding site that caters to individuals, groups and organizations. The company takes care of its employees with 401(k) matching, though it doesn’t disclose the percentage. On Glassdoor, one former GoFundMe employee said the company has an “extremely strong culture, interesting perks like (30-minute) long massages and catered lunches, nice 401(k) match, generous healthcare and regular volunteer projects on site.” Other perks include performance bonuses and unlimited sick time.

NEW YORK - AUGUST 04: Sales representatives of GoGo Squeez give juice samples at picnic area sponsored by Whole Foods during Summer Streets sponsored by DOT in Manhattan on Aug 4, 2012 in NYC - Image.NEW YORK - AUGUST 04: Sales representatives of GoGo Squeez give juice samples at picnic area sponsored by Whole Foods during Summer Streets sponsored by DOT in Manhattan on Aug 4, 2012 in NYC - Image.

NEW YORK – AUGUST 04: Sales representatives of GoGo Squeez give juice samples at picnic area sponsored by Whole Foods during Summer Streets sponsored by DOT in Manhattan on Aug 4, 2012 in NYC – Image.

GoGo squeeZ

In 2018, natural yogurt maker GoGo squeeZ earned a spot on Glassdoor’s list of the best places to work. One reason is its comprehensive benefits package, which keeps employees happy with top-notch health insurance, gym stipends, bonuses and social events. The company’s 401(k) plan features a company match of 4% and a full vesting period of only 90 days.

PRAGUE, CZECH REPUBLIC - MAY 22: Honeywell company logo on headquarters building on May 22, 2017 in Prague, Czech republic.PRAGUE, CZECH REPUBLIC - MAY 22: Honeywell company logo on headquarters building on May 22, 2017 in Prague, Czech republic.

PRAGUE, CZECH REPUBLIC – MAY 22: Honeywell company logo on headquarters building on May 22, 2017 in Prague, Czech republic.

Honeywell International

In 2018, Honeywell looked to bolster its workers’ retirement savings by increasing how much it matches employee contributions to its 401(k) plan. According to an article on Forbes’ site, Honeywell employees who had been getting a 75% match on the initial 8% of pay had their match boosted to 87.5%. The maximum company match for these workers rose to 7% from 6%. Workers who had been getting a 37.5% match on the first 8% of pay had their match hiked to 43.75%, while the maximum employer match climbed to 3.5% from 3%.

Read: How To Protect Your Retirement Savings During the Coronavirus Crisis

BERLIN, GERMANY - JUNE 6, 2018: Close up to app on the screen of an iPhone 7 Plus with personalized background.BERLIN, GERMANY - JUNE 6, 2018: Close up to app on the screen of an iPhone 7 Plus with personalized background.

BERLIN, GERMANY – JUNE 6, 2018: Close up to app on the screen of an iPhone 7 Plus with personalized background.

Imgur

Imgur is an online image-sharing community that scored 4.7 stars out of five on Glassdoor for its benefits program. The company offers 401(k) matching but doesn’t disclose the percentage. One reviewer on Glassdoor put the match at 4%. Other benefits Imgur offers include up to 12 weeks of paid ma
ternity or paternity leave and flexible paid time off.

Female Boss Leading Meeting Of Architects Sitting At Table - Image.Female Boss Leading Meeting Of Architects Sitting At Table - Image.

Female Boss Leading Meeting Of Architects Sitting At Table – Image.

Kimley-Horn & Associates

Fortune named this planning and design consultant one of the 100 best companies to work for in 2019. No doubt its benefits package played a role in the honor. The company states on its website that its average employee’s 401(k) plan is on track to replace 70% of their income in retirement, which is nearly triple the percentage on the average 401(k) plan. Kimley-Horn provides a two-to-one 401(k) match on the first 4% an employee contributes. The company also offers a generous profit-sharing program.

Financial data analysis graph showing global market trends.Financial data analysis graph showing global market trends.

Financial data analysis graph showing global market trends.

Lone Pine Capital

Founded in Greenwich, Connecticut, in 1997, Lone Pine Capital is a hedge fund…

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