Company 401k Match (Top List)

This article covers a very specific topic – companies with best 401k match. If you’re looking for information related to that this this is the article you need to be reading. Are you looking for ways to secure your financial future? If so, a 401k match may be the perfect solution. It’s an employer-sponsored program that allows employees to set aside money from their paychecks and have it matched by their employers.

What is a 401k Match?

A 401(k) match is a type of contribution that an employer can make to an employee’s 401(k) retirement account. With a 401(k) match, an employer agrees to contribute a certain amount of money to an employee’s retirement account, based on the amount that the employee contributes.

401(k) Match of Top Employers in the US

A plethora of large and small corporations in the United States extend lucrative 401(k) matching schemes to their esteemed employees.

Here are some of the top 40 companies with the best company 401k matches, along with explanations of the matching programs they offer. Now before getting started, an important note and something to consider is that you do not need to leave your 401k with a previous employer. Instead, you should consider moving it to a gold IRA account. See below for the top four options:

Best Gold IRA CompaniesRatingMinimum RequirementProtect Your Wealth
Goldco logo5.0$25,000Free Investing Guide
Augusta Precious Metals logo4.9$50,000Free Investing Guide
American Hartford Gold logo4.8$10,000Free Investing Guide

Companies That Match 401k Plans

Here’s my official list of the top 401k matches when it comes to companies matching retirement savings for individuals they employ today.

  1. Walmart

Walmart, the world’s largest retailer, offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that Walmart will match a portion of an employee’s contributions to the plan.

Walmart’s 401k plan will match 100% of an employee’s contributions, up to a maximum of 6% of their eligible compensation. Additionally, Walmart may make a discretionary contribution to the plan, which is determined by the company’s leadership each year. (More Info)

  1. Amazon

Amazon offers a competitive 401(k) match program to its employees. With a basic match of 50% up to 4% of salary and an additional match of 1% of salary, employees have the opportunity to save more for retirement.

However, it’s important to note that vesting requirements may affect how much of the matching contributions employees can keep if they leave the company before completing three years of employment. (More Info)

  1. Google

Google offers a generous 401(k) match program to its employees. With a basic match of 50% up to the IRS annual limit and an additional match of 2.5% of salary, employees have the opportunity to save more for retirement.

However, it’s important to note that vesting requirements may affect how much of the matching contributions employees can keep if they leave the company before completing two years of employment. (More Info)

  1. Publix

Publix Super Markets offers a 401(k) plan for eligible employees, and the company provides a matching contribution to help employees save for retirement. According to Publix’s website, the company matches 50% of the first 8% of eligible compensation that an employee contributes to the plan, up to a maximum of $7,000 per year.

This means that if an eligible employee contributes 8% of their compensation to the Publix 401(k) plan, the company will match 4% of their compensation, up to a maximum of $7,000 per year. If the employee contributes more than 8%, the company will still only match the first 8% of eligible compensation. (More Info)

  1. Home Depot

Home Depot provides a competitive employee benefit program in the form of a 401(k) plan contribution matching system. Up to the initial 3% of an employee’s salary contributed to the 401(k), Home Depot will provide a matching amount equal to the employee’s contribution. (Read about the Home Depot 401K plan here)

Moreover, if an employee contributes an additional 2% of their salary, Home Depot will match 50 cents for every dollar contributed. This system provides a maximum contribution match of 4% of the annual contribution limits an employee’s salary, exemplifying Home Depot’s commitment to supporting employee financial wellness. (More Info)

  1. Target

I’ve covered a lot of info on Target retirement plans. But for brevity purposes, Target has implemented a compensation plan that involves employers matching a matching program that is equivalent to an employee’s initial 5% salary contribution to the 401(k) plan. (More Info)

  1. IBM

IBM offers a 401(k)-retirement savings plan to eligible employees, which includes an employer match and options for employee contributions.

Contribution Limits: The contribution limit for 2023 is $20,500. Participants aged 50 or older can contribute an additional $6,500 as a catch-up contribution.

Employer Match: IBM’s 401(k) plan offers a matching contribution of 5% of an employee’s eligible compensation. This means that if an employee contributes 5% of their salary to their 401(k) plan, IBM will match 5%.

Employee Contributions: In addition to the employer match, employees can contribute up to 75% of their eligible compensation to their 401(k) plan. They can choose to contribute to either a traditional pre-tax 401(k) or a Roth after-tax 401(k). (More Info)

  1. FedEx

As part of its employee benefits package, FedEx extends a generous 401(k) contribution matching program. The employer matching contributions are one of the highest.

Specifically, the company offers a dollar-for-dollar match on the first 3% of an employee’s salary contributed towards the plan.

Additionally, FedEx provides a 50 cents per dollar match on the subsequent 2% of the salary contributed. As a result, eligible employees may receive a maximum match of 4% of their salary. (More Info)

  1. Bank of America

Upon commencement of employment, new staff members will be automatically enrolled in Bank of America’s 401(k) program at a rate of 3% of their eligible income. This annual contribution amount percentage will increase annually by 1% until it reaches a maximum of 5%.

Employees hold the freedom to modify this rate at any time to suit their financial needs. It is important to note that all matched contributions made by the employer offer the bank are vested 100% in the employees’ possession at all times. (More Info)

  1. AT&T

A&T provides an equitable dollar-to-dollar match for the initial 6% of an employee’s salary allocated towards their 401(k) plan, signifying the company’s commitment to facilitating financial stability and long-term growth for its workforce. (More Info)

  1. Microsoft

The 401(k) plan offered by Microsoft is strategically crafted to aid employees in their quest to secure their financial future post-retirement. Under their current program, Microsoft is offering about 50% match that of the employee and employer’s contributions to a max of the basic deferral limit set by the IRS.

This means that for each Roth or pre-tax $1 contributed to their 401(k), the employee receives a match of $0.50. This is an improvement from their old program, which only matched 50% of the first 6% of their contributions, up to a maximum of 4% of annual compensation.

Microsoft employees further benefit from 100% immediate vesting of the employer’s contribution to their 401(k) plan. As per the stipulated guidelines, the employees are entitled to avail of the employer’s 401(k) contributions without any constraints of a waiting period for eligibility. This encourages employees to take advantage of the plan, as they can reap the full benefits immediately. (More Info)

  1. CVS

CVS, a distinguished healthcare enterprise in the United States, offers its employees a substantial 401(k) plan. To maximize the benefits of their employees’ retirement plans, CVS offers a matching program where it matches 100% of the first 5% that an employee contributes to their retirement plan.

This employer’s contribution is immediately fully vested. In addition to this retirement plan and 401 k employer match, CVS also contributes to each employee’s health savings account to help pay for healthcare costs.

This is a great way for employees to save money on health expenses and build their retirement fund. CVS understands the importance of preparing for the future and offers a generous 401(k) plan to ensure employees’ financial security.

With the employer’s contribution and the employee’s contributions, employees can be sure that they are building a retirement fund that will last them through their golden years. (More Info)

  1. Apple

Apple Inc. offers a 401(k) plan for eligible employees, and the company provides a matching contribution to help employees save for retirement. According to Apple’s website, the company matches 100% of the first 6% of eligible compensation that an employee contributes to the plan.

This means that if an eligible employee contributes 6% of their compensation to the Apple 401(k) plan, the company will match the full 6% of their compensation. If the employee contributes less than 6%, the company will only match the amount that the employee contributes. (More Info)

  1. JP Morgan

The JP Morgan 401k match plan offers a 401(k) plan for eligible employees, and the company provides a matching contribution to help employees save for retirement. According to JP Morgan’s website, the company matches 100% of the first 5% of eligible compensation that an employee contributes to the plan.

This means that if an eligible employee contributes 5% of their compensation to the JP Morgan 401(k) plan, the company will match the full 5% of their compensation. If the employee contributes less than a partial match of 5%, the company will only match the amount that the employee contributes. (More Info)

  1. Dell

Dell offers a 401(k) plan to its employees, which includes a matching contribution. According to Dell’s website, the Dell company matches 100% of an employee’s contributions, up to 6% of their eligible pay.

This means that if an employee contributes 6% of their eligible pay to their 401(k) account, Dell will match that contribution dollar-for-dollar for a total contribution of 12% of the employee’s eligible pay. (More Info)

  1. Ameriprise Financial

100% employer match contributions up to 9% of salary: Ameriprise Financial is a financial services company that offers its employees a 401(k)-matching program. The company matches 100% of an employee’s contribution, up to 9% of their salary. This is one of the most generous 401(k) match programs in the US. (More Info)

  1. Honeywell International Inc

The company offers a 401(k)-retirement savings plan to eligible employees, which includes an employer match. Here’s an overview of Honeywell’s 401(k) plan match:

Contribution Limits: The contribution limit for 2023 is $20,500. Participants aged 50 or older can contribute an additional $6,500 as a catch-up contribution.

Employer Match: Honeywell’s 401(k) plan offers a matching contribution of 75% of the first 8% of an employee’s eligible compensation. This means that if an employee contributes 8% of their salary to their 401(k) plan, Honeywell will match 6%. (More Info)

  1. USAA

USAA offers a 401(k)-retirement savings plan to eligible employees, which includes an employer match. Here’s an overview of USAA’s 401(k) plan match:

Contribution Limits: The contribution limit for 2023 is $20,500. Participants aged 50 or older can contribute an additional $6,500 as a catch-up contribution.

Employer Match: USAA’s 401(k) plan offers a matching contribution of 50% of the first 8% of an employee’s eligible compensation. This means that if an employee contributes 8% of their salary to their 401(k) plan, USAA will match 4%.

Vesting: USAA’s 401(k) plan has a vesting schedule, which means that employees are entitled to a certain percentage of the employer match based on their length of service. After 2 years of service, employees are fully vested in the employer match.

Investment Options: USAA’s 401(k) plan offers a range of investment options, including mutual funds and target-date funds. Employees can choose to invest in a variety of options based on their retirement goals and risk tolerance. (More Info)

  1. AbbVie

AbbVie 100% match up to 7% of salary: AbbVie is a pharmaceutical company that offers its employees a 401(k) matching program. The company matches 100% of an employee’s contribution, up to 7% of their salary. This is a great benefit for employees who want to save for retirement. (More Info)

  1. Aflac

100% match up to 4% of salary, plus additional discretionary contributions: Aflac is an insurance company that offers its employees a 401(k) matching program. The company matches 100% of an employee’s contribution, up to 4% of their salary. In addition, Aflac also provides additional discretionary contributions to its employees’ 401(k) plans, which can be a great benefit for employees who want to save more for retirement. (More Info)

  1. Allianz Life

100% match up to 6% of salary, plus additional discretionary contributions: Allianz Life is an insurance company that offers its employees a 401(k)-matching program.

The company matches 100% of an employee’s contribution, up to 6% of their salary. In addition, Allianz Life also provides additional discretionary contributions to its employees’ 401(k) plans, which can be a great benefit for employees who want to save more for retirement. (More Info)

  1. American Express:

100% match up to 6% of salary: American Express is a financial services company that offers its employees a 401(k) matching program. The company matches 100% of an employee’s contribution, up to 6% of their salary. This is a great benefit for employees who want to save for retirement. (More Info)

  1. Deloitte

The company currently offers a matching contribution of 25% on the first 6% of eligible pay contributed by the employee to the 401(k) plan.

This means that if an employee contributes 6% of their eligible pay to the 401(k) plan, Deloitte will match 25% of their own contributions on that amount, which is 1.5% of their eligible pay. The total employer contribution would then be 7.5% of their eligible pay. (More Info)

  1. Lockheed

Lockheed Martin offers a competitive 401(k) match program to its employees. With a basic match of 50% up to 8% of eligible compensation and the option for catch-up contributions, employees have the opportunity to save more for retirement.

However, it’s important to note that vesting requirements may affect how much of the matching contributions employees can keep if they leave the company before completing three years of employment. (More Info)

  1. Northrop Grumman

This company offers a basic match of 100% of the employee’s contribution, up to the first 3% of the employee’s eligible compensation, and then 50% of the next 2% of eligible compensation.

For example, if an employee earns $80,000 per year and contributes 5% ($4,000) to their 401(k), Northrop Grumman will match 100% of the first 3% ($2,400) and 50% of the next 2% ($800), for a total match of $3,200.

In addition to the basic match, Northrop Grumman also provides an automatic contribution equal to 3% of the employee’s eligible compensation. This contribution is made regardless of income taxes and whether the employee contributes to their 401(k) or not. (More Info)

  1. Boeing

This company offers a basic match of 75% of the employee’s contribution, up to the first 8% of the employee’s eligible compensation. For example, if an employee earns $100,000 per year and contributes 8% ($8,000) to their 401(k), Boeing will match 75% of that contribution ($6,000).

Age-Based Catch-up Contributions: Boeing also allows employees who are 50 years old or older to make age-based catch-up contributions to their 401(k) plan. For 2021, the age-based catch-up contribution limit is $6,500.

Vesting: The matching contributions from Boeing are subject to a vesting schedule, which means that the employee must stay with the company for a certain period to own the employer’s matching contributions fully. At Boeing, employees are fully vested in their 401(k) match after three years of employment. (More Info)

  1. PWC (PricewaterhouseCoopers)

PWC offers a 401(k) plan to its employees, which includes a matching contribution from the company. Here’s a breakdown of PwC’s 401(k) match. PWC offers a basic match of 25% of the employee’s contribution up to the first 6% of the employee’s eligible compensation.

For example, if an employee earns $80,000 per year and their employer contributes only 6% ($4,800) to their 401(k), PwC will match 25% of that contribution ($1,200). (More Info)

  1. Capital One

Capital One offers a 401(k) plan to its employees, which includes a matching contribution from the company. Here’s a breakdown of Capital One’s 401(k) match:

Basic Match: Capital One offers a basic match of 100% of the employee’s contribution, up to the first 6% of the employee’s eligible compensation.

For example, if an employee earns $80,000 per year and contributes 6% ($4,800) to their 401(k), Capital One will match 100% of that contribution ($4,800).

Additional Match: In addition to the basic match, Capital One also provides an additional contribution equal to 2% of the employee’s eligible compensation, regardless of whether the employee contributes to their 401(k) or not. (More Info)

  1. Intel

Intel offers a 401(k) plan to its employees, which includes a matching contribution from the company. Here’s a breakdown of Intel’s 401(k) match:

Basic Match: Intel offers a basic match of 50% of the employee’s contribution, up to the first 8% of the employee’s eligible compensation. For example, if an employee earns $100,000 per year and contributes 8% ($8,000) to their 401(k), Intel will match 50% of that contribution ($4,000)

Vesting: The matching contributions from Intel are subject to a vesting schedule, which means that the employee must stay with the company for a certain period to own the matching contributions fully. At Intel, employees are fully vested in their 401(k) match after three years of employment.

Additional Contributions: In addition to the basic match, Intel may also make additional contributions to the 401(k) plan on behalf of eligible employees, which are also subject to vesting requirements. (More Info)

  1. Walgreens

Walgreens offers a basic match of 100% of the employee’s contribution, up to the first 4% of the employee’s eligible compensation. For example, if an employee earns $50,000 per year and contributes 4% ($2,000) to their 401(k), Walgreens will match 100% of that contribution ($2,000).

Vesting: The matching contributions from Walgreens are subject to a vesting schedule, which means that the employee must stay with the company for a certain period to own the matching contributions fully. (More Info)

  1. Oracle

Oracle offers a basic match of 50% of the employee’s contribution up to the first 6% of the employee’s eligible compensation.

For example, if an employee earns $100,000 per year and contributes 6% ($6,000) to their 401(k), Oracle will match 50% of that contribution ($3,000). The matching contributions from Oracle are subject to a vesting schedule, which means that the employee must stay with the company for a certain period to own the matching contributions fully. At Oracle, employees are fully vested in their 401(k) match after three years of employment.

Additional Contributions: In addition to the basic match, Oracle may also make additional contributions to the 401(k) plan on behalf of eligible employees, which are also subject to vesting requirements. (More Info)

  1. KMPG

KPMG, one of the largest professional services companies in the world, offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that KPMG will match a portion of an employee’s contributions to the plan.

KPMG will match 50% of an employee’s contributions up to a maximum of 6% of their eligible compensation. This means that if an employee contributes 6% of their eligible compensation to their 401k plan, KPMG will match that with a contribution of 3% of their eligible compensation, for a total contribution of 9% of their eligible compensation to the employer’s match the plan. (More Info)

  1. UPS

UPS, the multinational package delivery and supply chain management company, offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that UPS will match a portion of an employee’s contributions to the plan.

UPS will match 50% of an employee’s contributions up to a maximum of 6% of their eligible compensation. This means that if an employee contributes 6% of their eligible compensation to their 401k plan, UPS will match that with a contribution of 3% of their eligible compensation for a total contribution of 9% of their eligible compensation to the employer-sponsored retirement plan. (More Info)

  1. EY

EY (Ernst & Young), one of the largest professional services firms in the world, offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that EY will match a portion of an employee’s contributions to the plan.

EY will match 25% of an employee’s contributions up to a maximum of 6% of their eligible compensation. This means that if an employee contributes 6% of their eligible compensation to their 401k plan, EY will match that with a contribution of 1.5% of their eligible compensation for a total contribution of 7.5% of their eligible compensation to the plan. (More Info)

  1. Starbucks

Starbucks, the global coffeehouse chain, offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that Starbucks will match a portion of an employee’s contributions to the plan.

Starbucks will match 100% of an employee’s contributions roth 401 k amount, up to a maximum of 5% of their eligible compensation. This means that if an employee contributes 5% of their eligible compensation to their 401k plan, Starbucks will match that with a contribution of 5% of their eligible compensation, for a total contribution of 10% of their eligible compensation to the plan. (More Info)

  1. Accenture

Accenture, the global professional services firm, offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that Accenture will match a portion of an employee’s contributions to the plan.

Accenture will match 100% of an employee’s contributions, up to a maximum of 6% of their eligible compensation. This means that if an employee contributes 6% of their eligible compensation to their 401k plan, Accenture will match that with a contribution of 6% of their eligible compensation for a total employee contribution) of 12% of their eligible compensation to the plan. (More Info)

  1. Raytheon Technologies

This is a multinational defense and aerospace company that offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that Raytheon will match a portion of an employee’s contributions to the plan. Raytheon will match 100% of an employee’s contributions, up to a maximum of 6% of their eligible compensation.

Additionally, Raytheon may make a discretionary contribution to the plan, which could be a percentage of an employer-sponsored retirement account, an employee’s eligible compensation, or a flat dollar amount. The discretionary contribution is determined by the company’s leadership each year. (More Info)

  1. Wells Fargo

This is a multinational financial services company that offers a 401k retirement plan to its employees. The company’s 401k plan features a matching contribution, which means that Wells Fargo will match a portion of an employee’s contributions to the plan. Wells Fargo will match 6% of an employee’s contributions to the plan.

The matching contribution is subject to a vesting schedule, which means that employees may have to work at the company for a certain period before they are fully vested in the 401 k employer matching contributions to their account. Additionally, Wells Fargo may make a discretionary contribution to the plan, which is determined by the company’s leadership each year. (More Info)

  1. Facebook

Facebook offers a 401(k)-retirement savings plan to eligible employees. The plan is designed to help employees save for retirement through pre-tax contributions that are deducted from their paychecks.

Contribution Limits: The contribution limit for 2023 is $20,500. Participants aged 50 or older can contribute an additional $6,500 as a catch-up contribution.

Employer Match: Facebook offers a generous employer match. The company matches 50% of the first 6% of an employee’s eligible compensation. This means that if an employee contributes 6% of their salary to their 401(k) plan, Facebook will match 3%.

Vesting: Facebook’s 401(k) plan has a vesting schedule. This means that employees are entitled to a certain percentage of the employer match based on their length of service. After 2 years of service, employees are fully vested in the employer match. Investment

Options: Facebook’s 401(k) plan offers a range of investment options. Employees can choose from a variety of mutual funds and target-date funds.

Enrollment: Employees are eligible to enroll in the 401(k) plan after 90 days of employment. They can enroll and manage their account through Fidelity, the plan’s recordkeeper.

In summary, Facebook’s 401(k) plan offers a generous employer match and a range of investment options to help employees save for retirement. It also has a vesting schedule that encourages long-term employment with the company. (More Info)

  1. Cisco

Cisco Systems, Inc. offers a 401(k)-retirement savings plan to eligible employees, which includes an employer match.  Contribution Limits: The contribution limit for 2023 is $20,500. Participants aged 50 or older can contribute an additional $6,500 as a catch-up contribution.

Employer Match: Cisco’s 401(k) plan has generous employer matches. The company matches 50% of the first 8% of an employee’s eligible compensation. This means that if an employee contributes 8% of their salary to their 401(k) plan, Cisco will match 4%.

Vesting: Cisco’s 401(k) plan has a vesting schedule, which means that employees are entitled to a certain percentage of the employer match based on their length of service. After one year of service, employees are 100% vested in the employer match.

Investment Options: Cisco’s 401(k) plan offers a range of investment options, including mutual funds and target-date funds. Employees can choose to invest in a variety of options based on their retirement goals and risk tolerance.

Enrollment: Employees are eligible to enroll in the 401(k) plan on their date of hire. They can enroll and manage their account through Fidelity, the plan’s recordkeeper. (More Info)

  1. Kaiser

Kaiser offers a 401(k)-retirement savings plan to its employees, which allows them to save for retirement through pre-tax contributions. The company offers a matching contribution to encourage employees to save for their future.

The company matches 50% of an employee’s contributions up to 6% of their eligible compensation. This means that if an employee contributes 6% of their eligible compensation to the plan, Kaiser will match that contribution with a 3% contribution of their own.

The company’s 401(k) plan also offers a variety of investment options, including a range of mutual funds and target-date funds, to help employees diversify their portfolios and manage their risks. (More Info)

  1. Morgan Stanley

Morgan Stanley offers a 401(k)-retirement savings plan to its employees as part of its benefits package. The plan allows employees to contribute pre-tax earnings towards their retirement savings and offers several investment options to choose from.

They also offer a 50% match on the first 6% of an employee’s eligible compensation that is contributed to the plan. This means that if an employee contributes 6% of their eligible compensation to the plan, Morgan Stanley will match that contribution with a 3% contribution of their own.

Morgan Stanley’s 401(k) plan also offers a range of investment options, including mutual funds, target-date funds, and other investment options. (More Info)

  1. Goldman Sachs

Goldman Sachs offers a matching contribution to eligible employees based on years of service. For employees with less than one year of service, the company matches 50% of the first 4% of eligible compensation contributed to the plan. For employees with one year or more of service, the company matches 50% of the first 6% of eligible compensation contributed to the plan.

It’s important to note that the specifics of Goldman Sachs’ 401(k) plan and match policy may be subject to change and can vary based on individual circumstances. Employees should review the plan’s terms and conditions regularly and consult with their HR department or financial advisor for more information. (More Info)

Conclusion

The companies with best 401k match are undoubtedly listed above. If you’re still having doubts, a 401k match is a valuable benefit that can help employees save for retirement. It’s important to understand the details of your company’s match program and take advantage of it to maximize your employee’s retirement savings amount. By contributing enough to receive the full match, you can potentially add thousands of dollars to your retirement savings over time.

Don’t overlook this valuable benefit, and make sure to take advantage of it to secure your financial future.

Taking advantage of an employer match is one of the best ways to maximize retirement savings in a tax-deferred account. Not only do you get free money from your employer, but you also have the opportunity for significant long-term growth with compounding returns over a pay period of time.

If you think a 401k match program might be right for you, talk with your HR department or financial advisor first before making any decisions. They will be able to answer any questions or concerns that you may have about enrolling in such a program and help ensure that it fits into your overall financial strategy going forward.

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Best Gold IRA CompaniesRatingMinimum RequirementProtect Your Wealth
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