Offering an employer 401(k) match plan is a popular way for companies to attract workers to join their ranks, as well as incentivize them to stay.
A 401(k) match plan is a retirement savings program offered by many employers as part of their overall compensation and benefits package. Companies can either match their employees’ 401(k) contributions dollar-for-dollar, or as a percentage of the amount contributed by the employee.
How much a company contributes to its employees’ 401(k)s varies. A 2023 Vanguard report found that the most common plan is a 50 percent match, on up to 6 percent of an employee’s pay. In that case, a company puts 50 cents into an employee’s 401(k) plan for every dollar the employee puts in for up to 6 percent of their gross annual salary — meaning an employee can sock away an amount equal to 9 percent of their salary each pay period. Companies also have different vesting schedules, which is the time period an employee must work in order for employer-matched funds to become fully theirs.
A good 401(k) match plan offers a generous employer contribution and a reasonable vesting schedule, encouraging employees to save for retirement effectively. Here are some companies with the best 401(k) match plans to help employees maximize their financial security.
Activision Blizzard is among the largest video game makers in the world, responsible for well-known titles like Call of Duty, World of Warcraft and Overwatch. It also offers one of the highest 401(k) contributions today, matching employee contributions dollar-for-dollar on up to 25 percent of their salary. All employees are eligible for 401(k) matching starting their first day on the job, and are fully vested immediately.
Boeing is an aerospace company that designs, manufactures and sells everything from planes and satellites to rockets and missiles. Even if employees don’t put any of their paycheck aside for their 401(k), Boeing will still contribute 3 to 5 percent automatically. If employees do make contributions, the company also matches those dollar-for-dollar on up to 10 percent of their eligible pay. Employees are immediately eligible and 100 percent vested.
Telecommunications giant AT&T offers employees an 80 percent match on their 401(k) contributions for up to 9 percent of their compensation. Once they have worked at the company for a year, employees are eligible to receive a 100 percent match.
Flatfile’s platform gives developers the tools to make file-based data import quick and simple. Employees at Flatfile have access to several benefits to support their professional, personal and financial well-being, including a 401(k) plan under which their contributions are matched at 100 percent for up to 3 percent of their compensation and then at 50 percent for the next 2 percent.
Edmunds is one of the most established names in consumer vehicle guides, offering new and used listings, price verifications and expert reviews that are generated through on-site vehicle testing. The company offers a 100 percent match for employees’ pre-tax and Roth 401(k) contributions, up to 6 percent of their eligible salary.
Meta is the tech company behind social media platforms like Facebook, Instagram and Threads, as well as cutting edge technology in the augmented reality and virtual reality spaces. The company provides full employer matching up to 50 percent of the IRS federal elective deferral limit for the year, which was $22,500 in 2023. All employees are eligible for employer matching immediately, and are 100 percent vested.
Homebot makes real estate software for client engagement. Its products create contact networks between real estate agents, loan officers and buyers, and its platform provides shoppers with critical data about the properties they are considering. Homebot matches employee 401(k) contributions 100 percent on the first 3 percent, and 50 percent on the next 2 percent.
CNA is a commercial insurance provider, working with B2B clients to deliver standard and industry-specific insurance products. It works with clients in sectors including professional services, real estate, technology, manufacturing, life sciences, healthcare, financial services and construction. As one of the company’s employee benefits, it offers a 6 percent match on 401(k) retirement savings funds.
Roktis a software company that makes e-commerce tools that add marketing value to digital transactions. Used by enterprise clients including PayPal and Uber, Rokt technology pairs marketing content with transaction sequences in a drip format designed to drive conversions. For U.S. team members, Rokt offers a 4 percent dollar-for-dollar 401(k) match.
GrayMatter Robotics uses AI to power functional industrial robots for manufacturing. With specialty solutions for the aerospace and defense, premium vehicle, marine and consumer products manufacturing sectors, its robots are at work in warehouses and assembly lines. The company offers all employees a 5 percent annual employer match on 401(k) contributions.
Teachable is an edtech software company that offers a marketplace platform for digital course creators. Instructors in a wide range of fields including health and fitness, lifestyle, personal development, software and investing can independently build their course content and use the Teachable platform to share, market and monetize it. The company provides a 4 perfect match on 401(k) contributions for eligible employees.
Accenture is a tech consulting firm that provides services like data analytics and artificial intelligence to help companies optimize their operations. Its employees can receive dollar-to-dollar match contributions for up to 6 percent of their eligible compensation. And while the company has a longer vesting period of two years, Accenture employees are immediately eligible to start receiving employer matches to their 401(k).
Madhive develops technology solutions for programmatic TV advertising. Brands and agencies can use Madhive’s platform to bolster their customer acquisition strategy, for example, and measure campaign impact. The company matches employees’ 401(k) contributions up to 5 percent.
Honeywell creates software and industrial IoT products for a variety of industries, including aerospace and travel, energy and logistics. The company offers a flexible 401(k) plan to its employees, partially matching their contributions for up to 7 percent of their base salary. Honeywell’s matching contributions are fully vested after three years of employment.
Peaksware makes software for performance tracking and improvement, delivered as SaaS products through several brands that serve different populations, from professional athletes to music students. The company offers a 5 percent employer match on 401(k) contributions through its in-house plan. Team members can choose from traditional or Roth accounts.
Uber is the largest rideshare company in the world, connecting people with freelance drivers in more than 10,000 cities globally. All of its full-time, U.S.-based employees receive full matches on their 401(k) plans, at up to 10 percent of their annual compensation. They are immediately eligible for this plan, and 100 percent vested.
As a leader in e-commerce, robotics, grocery delivery and IoT devices, Amazon has about a million people working for it on both a full-time and part-time basis in the United States. For every $1 one of these employees contributes to their 401(k), Amazon puts in another 50 cents, maxing at 4 percent of their eligible pay. All Amazon employees aged 18 and older are eligible to join this plan immediately upon their date of hire, and the vesting period lasts after three years or 3,000 hours of work, whichever comes first.
Click Therapeutics is a healthtech company that develops software applications meant to serve as prescription medical treatment. The company has a smoking cessation solution already available to patients and is conducting clinical trials for products to address other conditions like migraine and major depressive disorder. Click Therapeutics’ benefits plan provides employees with 5 percent 401(k) matching.
Charles Schwab provides a range of securities, brokerage, banking money management and financial advisory services. Many businesses actually use Charles Schwab for its 401(k) management services too. Incidentally, the company offers a fairly generous 401(k) contribution to its own employees, including a 100 percent match up to 5 percent of their salaries, plus an initial $250 for the first dollar contributed by the employee.
The Aerospace Corporation performs research in addition to offering strategic and technical consulting to private and government space exploration and security entities. Depending on how long their tenure, team members are eligible an 8 to 12 percent 401(k) contributions from the company. Vesting is simultaneous with hiring so that employees can get right to work on building a retirement fund.
One of the world’s leading tech titans, Google has amassed a vast network of both full-time and part-time employees around the world. Eligible U.S. employees can either receive 100 percent matches of up to $3,000, or 50 percent matches of up to the IRS contribution, whichever is higher. If an employee wants to maximize their 401(k) contribution, they can receive a larger employer match. And their contributions are fully vested right away.
Healthtech company firsthand connects people with serious mental and physical health conditions to care and resources meant to support a fulfilling life. Its peer guides draw on their lived experiences with mental illness or substance use disorder to engage firsthand’s clients with empathy. The benefits package at firsthand includes matching for an employee’s 401(k) contributions, capped at 4 percent of their salary.
3M manufactures and sells a broad range of products, from building materials and adhesives to medical device components and home cleaning supplies. The company offers all of its employees a non-elective base contribution of 3 percent of their salary, meaning employees don’t even have to make contributions of their own to receive it. 3M also offers an additional dollar-for-dollar contribution match of up to 5 percent of an employee’s compensation.
Bonterra makes software and IT products that support ESG initiatives and other “social good” organizational goals. Its clients are in the nonprofit, public sector and charitable spaces, and rely on its digital tools for managing donor engagement, optimizing ESG efforts and monitoring corporate social responsibility. To help its employees set themselves up well for retirement, Bonterra matches 50 percent of 401(k) contributions up to 3 percent of the employee’s annual base salary.
International engineering giant Bosch is a big name in IoT innovation, offering solutions for smart homes, industrial automation and connected mobility. Its US-based employees receive a 75 percent company match on their 401(k)s for up to 9 percent of their compensation.
Grindr runs a popular social networking app that fosters digital connections among LGBTQ+ people around the world. Grindr’s technology serves millions of users every month, letting them exchange messages, photos and videos with people in their local area or across a variety of global locations. The company provides its employees with 401(k) contribution matching up to 6 percent.
Marketing tech company Klaviyo’s platform helps brands build strong customer relationships through data-driven interactions across email, SMS and mobile push. Klaviyo’s 401(k) plan automatically enrolls full-time employees in the United States to contribute 6 percent of their paycheck, but they can adjust the contribution at any time. The company provides a 4 percent match for team members who opt to contribute at least 4 percent of their eligible pay.
Avaneer Health’s solutions facilitate interoperability throughout the healthcare industry. Its technology automates revenue cycle processes and provides access to data insights for payers and providers. Aveneer Health’s 401(k) plan comes with a 6 percent match for employee contributions.
Mixbook runs an online platform that lets consumers design and order custom photo books, as well as other products like holiday cards, magnets and calendars. Mixbook helps its employees plan for retirement by matching 50 percent of their 401(k) contributions for up to 6 percent of their yearly salary.
Comcast is the second largest broadcasting and cable television company, providing internet, video and mobile services to millions of users around the world. The company offers a dollar-for-dollar employer 401(k) match up to 6 percent of their annual pay, with immediate eligibility and vesting.
Known for its laptops, watches, phones and tablets, Apple is a household name when it comes to consumer technology. The company offers both partial and full 401(k) matching options, depending on the length of employment. Within their first two years of work, employees can receive a 50 percent match, within five years they can receive a 75 percent match, and with more than five years they can receive a full dollar-for-dollar match up to 6 percent of their annual salary.
FirstBank is a financial services company based in Colorado, where it operates over 100 banking centers, along with locations in Arizona and California. As a banking company, it offers standard services like personal and business checking and savings accounts, loans and mortgages, and also offers digital banking services. All employees receive a 3 percent annual employer contribution to their 401(k) accounts, with no employee match requirement. Some also get an additional 5 percent discretionary contribution, which can result in an up to 8 percent employer contribution to a person’s retirement with no required employee match.
Blueprint Test Prep operates a learning platform for the professional training and education industry. Its solution strives to equip learners with engaging video lectures, personalized study planning tools and adaptive learning technology. Blueprint enables full-time and part-time employees to participate in its 401(k) program and matches up to 5 percent.
ABN AMRO Clearing USA LLC is a financial services firm that functions as a clearing corporation, which means that it facilitates the administrative elements that must take place once asset transfers and financial transactions occur. The company confirms, settles and monitors the delivery of assets once they are purchased. Employees enjoy a generous 401(k) match and a favorable vesting schedule that allows them to achieve benefits eligibility.
Landscapers, roofers, electricians and other professionals use CompanyCam’s software to capture, organize and communicate about photos and videos from their job sites. Starting from their first pay day, Company Cam employees get a 4 percent match on their 5 percent 401(k) contributions.
FabFitFun offers a seasonal subscription service that delivers wellness, fashion and beauty brands to over a million subscribers four times per year. The company partners with popular brands like Fenty Beauty and Michael Kors, and provides its clients with product how-to videos. It offers its 401(k) marching through Vanguard and immediately matches up to two percent for its full-time employees, without a vesting period.
BOK Financial is a financial services company that offers various wealth, commercial and consumer products and services, including employer sponsored retirement plans. BOK Financial also contributes to its own employees’ 401(k) plans, with match percentages ranging from 50 percent to 200 percent, depending on how long the person has been working at the company. Employees can also customize their plans to choose how the money is being invested.
Biogen is a biotech company that develops treatments and medications for people living with neurological and neurodegenerative disorders like Alzheimer’s disease, Parkinson’s disease and multiple sclerosis. Employees working for Biogen receive a 200 percent match on their 401(k) contributions for up to 3 percent of their yearly pay.
Million Dollar Baby Co. designs and builds furniture pieces for babies and toddlers. The company sells its products through a family of brands that includes names like Babyletto and Nursery Works. Million Dollar Baby Co. matches its employees’ 401(k) contributions up to 4 percent.
Businesses, individuals and families rely on Spectrum to meet their connectivity needs through an array of phone, television, internet and mobile data solutions. The company matches employees’ contributions into their 401(k) for up to 6 percent of their eligible pay. Many team members also benefit from another 3 percent company contribution through Spectrum’s Retirement Accumulation Plan.
As one of the world’s largest producers of electronic devices, Samsung makes everything from semiconductors and memory chips to televisions and smart refrigerators. The company offers both full match and partial match contributions for its employees’ 401(k)s, where the first 3 percent of an employee’s salary is matched dollar-for-dollar and the next 3 percent is matched at 50 percent — making the maximum total employer match 4.5 percent each year. All regular, full-time and part-time Samsung employees are eligible for this benefit, so long as they have at least 30 scheduled hours of work under their belt.
Adobe offers digital marketing and creative media tools, and its Photoshop and Premiere products are industry standards among photographers, filmmakers and designers. Adobe offers 50 percent matches to its employees’ 401(k) for up to 6 percent of their compensation. But to qualify, employees have to have worked at the company for at least 15 months, and the vesting period is two years.
DoseSpot’s ePrescribing platform allows healthcare providers to quickly and securely submit electronic prescriptions to their patients’ pharmacies. The company’s 401(k) plan promises each employee a 3 percent match on their contributions along with an additional yearly contribution of up to $2,000.
Alliant Credit Union is a nonprofit financial services cooperative that gives an ownership stake to all members. It provides traditional banking services like checking and savings accounts, CDs, loans and lines of credit while boasting high dividends on its investment products. Alliant matches 100 percent of employee 401(k) contributions up to 5 percent of each individual’s annual gross salary, with 100 percent vesting upon hire. Its 401(k) plans allow team members to contribute up to 60 percent of their eligible salary, up to the annual IRS limit.
AffiniPay builds software to streamline payments and business operations for professionals in multiple industries. Its products include LawPay for enabling payments to law firms, accounting solution CPACharge and Woodpecker to make producing legal documents more efficient. Through its 401(K) plan, AffiniPay offers a contribution match of up to 5 percent for full-time employees.
Allwyn North America is a gaming company that works as the operating partner for the Illinois Lottery. The company says it aims to create safer gaming experiences with its intentional marketing and designs. This allows lottery players to have greater control during their interactions. The company’s 401(k) retirement plan matches 100 percent of an employee’s contributions up to six percent of their annual salary, with immediate vesting for matched contributions.
Boasting about 35,000 stores worldwide, Starbucks is the largest coffee retailer today. And all Starbucks employees — from the baristas to the corporate executives — are eligible for its 401(k) match plan, so long as they’ve worked for the company for 90 days. The company matches employee contributions dollar-for-dollar, for up to 5 percent of their eligible pay.
Offering a variety of branded debit cards, credit cards and prepaid cards, Visa facilitates electronic fund transactions worldwide. Employees working at the company receive a 200 percent match on their contribution, up to five percent of their base salaries. So, if an employee puts 5 percent of their pay into their 401(k), Visa will add another 10 percent.
Employees working at Netflix, the media company and streaming behemoth, receive dollar-for-dollar 401(k) matching for up to 4 percent of their annual compensation, with no vesting period and immediate eligibility.
Grainger offers an extensive catalog of products for businesses, including HVAC equipment, cleaning supplies, light fixtures, extension cords, shipping materials, plumbing fixtures and vehicle accessories. It serves over 4.5 million customers around the world. The company makes an automatic 6 percent 401(k) contribution every pay period, regardless of how much an employee contributes.
Snap! Mobile is a software company that makes products to manage fundraising for youth sports coaches and educators. Its Snap! Raise program provides a digital dashboard, management, payment processing and analytics for fundraisers, so teams can raise money to support travel and other goals. The company matches employee 401(k) contributions at 4 percent, with vesting starting 90 days after hire.
RapDev’s team of site reliability and DevOps engineers work with client organizations to efficiently integrate solutions from Datadog and ServiceNow into their tech stacks. RapDev offers a 5 percent match for employees’ 401(k) contributions, with full vesting from the start of employment.
Cisco provides IT products and services across several different tech sectors, and is perhaps best known for its networking products. Its employees can contribute up to the IRS limits, and Cisco matches their contributions dollar-for-dollar, up to 4.5 percent of their eligible pay.
Golden Hippo offers direct-to-consumer marketing that focuses on wellness, beauty, pet and health products. Its services include customer relations, product development, copywriting, brand management, video production, IT and digital marketing. The company matches up to three and a half percent of employee contributions.
Munchkin aims to make parenting easier through its baby, toddler and parents products. It creates items like bath toys, feeding utensils, baby bottles and other accessories. The company contributes up to 4 percent of 401(k) matching.
General Motors is a well-recognized name in the automotive industry. It manufactures and sells vehicles through the Buick, GMC, Chevrolet and Cadillac brands. General Motors’ team members benefit from a 4 percent company contribution into their 401(k) along with a 6 percent company match on employee contributions.
Close makes sales engagement software equipped with communication features and calendar integrations to support productivity. The company’s technology also comes with automations to expedite outreach efforts. The company provides its employees with a 6 percent match on their 401(k) contributions.
Microsoft develops some of the most popular software products on the market, and also employs more than 200,000 people worldwide. It offers a unique 401(k) match plan to its U.S. employees where it does not set a cap on employer matched contributions; instead it offers 50 percent matches up to the IRS contribution limit for the year. When employees max out their annual contributions, the total amount received from employer matching is usually around $10,000.
