Q:
Does GE match contributions to an employee's 401k plan?
A:
Quick Answer
General Electric provides a 50 percent match on employee 401k contributions on up to 8 percent of their pay. This matching benefit vests immediately and employees can enroll in the plan as soon as they are hired.
Continue ReadingFull Answer
GE also offers employees a 3 percent Company Retirement Contribution plan, a defined contribution plan that replaced the traditional pension plan for salaried employees in 2011. Unlike the 50 percent matching plan, which vests upon hiring, these benefits don't fully vest for three years. 401k plans provide employees with more investment flexibility, and they are portable, meaning owners can transfer them to another employer's plan if they leave the company. As of 2015, Fidelity NetBenefits manages GE's 401k funds.
Learn more about Financial PlanningRelated Questions
-
Q:
What is a 401k?
A: Investopedia defines a 401(k) as a savings plan offered by employers that allows an employee to make contributions from his salary either on a pre-tax basi... Full Answer >Filed Under: -
Q:
How does a Mercer 401k retirement plan work?
A: A Mercer 401(k) retirement plan generally includes standard 401(k) benefits and employee contributions, according to 401kCalculator.org. Other features inc... Full Answer >Filed Under: -
Q:
Where can you find the contribution limits to the SIMPLE IRA?
A: The official IRS website is a fantastic resource for SIMPLE IRA contribution limits and plan information; for the 2015 tax year, the contribution limit for... Full Answer >Filed Under: -
Q:
What are the details of a Pearson 401(k) retirement plan?
A: A Pearson 401(k) retirement plan is a retirement benefits plan where an employee allocates a percentage of his pay check to the plan. These contributions a... Full Answer >Filed Under:
You May Also Like
-
Q:
How can business plan samples be used to build a personal business plan?
-
Q:
How much do you have to save for college?
-
Q:
What plan do doctors offer to lower cholesterol?
-
Q:
Where can you find the employee discount program for Chrysler?
-
Q:
How do you find GE dishwasher model numbers?
-
Q:
What steps are required to remove the top of a GE washing machine?
