Wag 2015 401k match

[killingbill]

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Wag 401k match popped in for last year. Is it me or is the discretionary match alot smaller than it was last year?

 

[pezdispenser]

It was pretty crappy. About $1.09 total for guaranteed + discretionary + forfeitures reallocated. The year before that was $1.45 total.

I think I may have to reduce my 401(k) projections, also considering the 1-1.5% raises I have been getting 🙁

 

[Old Timer]

It was pretty crappy. About $1.09 total for guaranteed + discretionary + forfeitures reallocated. The year before that was $1.45 total.

I think I may have to reduce my 401(k) projections, also considering the 1-1.5% raises I have been getting 🙁

You get your match annually?

 

[Dr Wario]

You get your match annually?

I believe they get a standard 2-3% match guaranteed, however, they get a yearly discretionary additional match % that is based on annual profit for that year.

 

[Dred Pirate]

I believe they get a standard 2-3% match guaranteed, however, they get a yearly discretionary additional match % that is based on annual profit for that year.

A company big as Wags only guarantees a 2-3% match on their 401k? Wow, that is horrible.

 

[Dr Wario]

A company big as Wags only guarantees a 2-3% match on their 401k? Wow, that is horrible.

Well as I understand it, often the discretionary match can be fairly significant bring up the total to 5-6%, please correct me if I am wrong Walgreen employees.

 

[ancienbon]

Well as I understand it, often the discretionary match can be fairly significant bring up the total to 5-6%, please correct me if I am wrong Walgreen employees.

I used to work for them. now it is 4 percent match guaranteed. Yes it can bring it up to 5 , 6 percent depending on the year

 

[confettiflyer]

Didn't WAGS stock hit all-time highs in 2014?

 

[pezdispenser]

You get your match annually?

They match the first 4%, $1 for $1 is guaranteed, and any more is discretionary based on profits. Yes, the match only gets paid annually in March.

 

[pezdispenser]

Didn't WAGS stock hit all-time highs in 2014?

Actually WBA hit an all-time high of $84 in Feb 2015. I still have some stock options with a strike price of $33.20!

 

[confettiflyer]

Actually WBA hit an all-time high of $84 in Feb 2015. I still have some stock options with a strike price of $33.20!

Holy ****.

 

[trailerpark]

Walmart matches up to 6% and your fully vested immediately, but you have to be there for a year first to get the 6% match.

 

[Lnsean]

walgreens matches first 4% (1 to 1) , it is vested immediately...anything more is discretionary and varies year to year.