Amazon's 401k plan is terrible when compared to competing companies. I cancelled my Amazon interview the second I saw the terms of it. I had to find the details for myself because the info packet the recruiter sent me, conveniently left out any details except that there was a 401k plan and some matching.
Only 50% match, and the maximum match they will pay is 2% of salary. (Competitors match 1:1, high or no limit).
Three years vesting on the match. (Immediate vesting elsewhere, e.g. Google).
No match on catch-up contributions. (WTF? Naked age discrimination as policy?)
Only 50% match, and the maximum match they will pay is 2% of salary. (Competitors match 1:1, high or no limit).
Three years vesting on the match. (Immediate vesting elsewhere, e.g. Google).
No match on catch-up contributions. (WTF? Naked age discrimination as policy?)
Source: https://www.amazon.jobs/en/landing_pages/benefitsoverview-us