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.
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