35 Companies With The Highest 401k Employer Match In 2024

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The top companies in the world offer generous 401k employer matches in order to attract top talent and to encourage their employees to participate in their 401k plan.

‍What is 401k employer matching?

An employer match is an additional contribution made by an employer towards an employee’s 401k plan. Many employees consider it as free money on top of their regular compensations.

What is the average employer match?

The average employer match is between 4% and 6% of compensation.

What is considered a “good” match?

Anything above 5% of compensation is considered a good employer match. As you’ll see below, some companies offer employer matching up to 25% of compensation.

Of course, employees are bound by the 401k contribution limits set by the IRS each year, which is $23,000 ($30,500 if age 50+) in 2024. So the best plans usually result in around $3,000 to $10,000 in annual employer match contributions. Most of the top companies also offer immediate eligibility and vesting.

Companies with the best 401k employer match plans

Making sense of the data below:

Each company below displays four data points: Type, Amount, Eligibility, and Vesting Period. If you’re unfamiliar with what they mean, here’s a brief explanation of each term.

TYPE: Employers can either match contributions through dollar-for-dollar (full match) or through a percentage of what employers contribute (partial match). Some companies also offer nonelective contributions where they’ll contribute to employees’ 401k plans even if employees don’t contribute anything themselves.

AMOUNT: The maximum amount that companies will contribute to an employee’s 401k through employer matches. While some companies will choose a specific dollar amount, most go with a percentage of compensation.

ELIGIBILITY: Some companies require employees to work for a certain period of time before being eligible for employer match contributions.

VESTING PERIOD: With immediate vesting, the funds employees receive through employer match contributions are immediately theirs. However, some companies have vesting periods of several years. If an employee leaves the company before the vesting period is over, then they’re only entitled to a portion of the funds received. For example, if a company has a vesting period of 4 years and an employee leaves the company after 2 years, they would be entitled to 50% of their 401k match funds.

Here are the companies with the highest 401k employer matches in 2023.

Company	Match	Type	Eligibility	Vesting
Blizzard	25% of compensation	Full match	Immediately	Immediately
Dollar General	25% of compensation	Full match	Immediately	Immediately
Uber	10% of compensation	Full match	Immediately	Immediately
Visa	10% of compensation	200% match	Immediately	Immediately
Bosch USA	9% of compensation	75% partial match	Immediately	Immediately
USAA	4% of compensation	200% match	Immediately	Immediately
Samsung	4.5% of compensation	Partial match	Immediately	Immediately
Vimeo	10% of compensation, max $10,000	Full match	Immediately	2 years
Comcast	6% of compensation	Full match	Immediately	Immediately
Biogen	6% of compensation	200% match	Immediately	Immediately
Amgen	5% nonelective + 5% of compensation	Nonelective + full match	Immediately	Immediately
Boeing	5% nonelective + 8% of compensation	Nonelective + partial match	Immediately	Immediately
Southwest Airlines	9.3% of compensation	Full match	Immediately	Immediately
BOK Financial	6% of compensation	Full or partial match	Immediately	Immediately
Farmers Insurance	4% nonelective + 6% of compensation	Nonelective + full match	Immediately	Immediately
Ultimate Software	Up to IRS contribution limit	45% partial match	Immediately	Immediately
AT&T	6% of compensation	Partial or full match	1 year of service	Immediately
3M	3% nonelective + 5% of compensation	Nonelective + full match	Immediately	Immediately
Apple	6% of compensation	Partial or full match	Immediately	Immediately
Charles Schwab	5% of compensation + $250	Full match	Immediately	Immediately
Starbucks	5% of compensation	Full match	Immediately	Immediately
Microsoft	Up to IRS contribution limit	50% partial match.	Immediately	Immediately
Walmart	6% of compensation	Full match	1 year of service	Immediately
Accenture	6% of compensation	Full match	Immediately	2 years
Amazon	4% of compensation	50% partial match	Immediately	3 years or 3,000 hours
Google	Up to IRS limit, or $3,000 match	Full or partial match	Immediately	Immediately
Honeywell International	7% of compensation	Partial match	3 years of service	Immediately
Adobe	6% of compensation	Full match	15 months of service	2 years
Netflix	4% of compensation	Full match	Immediately	Immediately
Meta (Facebook)	Up to 50% of IRS limit	Full match	Immediately	Immediately
AECOM	3% of compensation	50% partial match	Immediately	3 years
Best Buy	4% of compensation	Full + partial match	12 months of service	Depends on role
Black Rock	8% of compensation up to $5,000 per year	Partial match	Immediately	3 years
Cisco	4.5% of compensation	Full match	Immediately	Immediately
Costco	Up to $500 per year if under one year of service. 3% to 9% match after 1,000 hours of service.	Partial match	90 days of service	5 years

Blizzard

Blizzard offers one of the highest employer matching contributions for their employees with full dollar-for-dollar matching up to 25% of employees’ compensations. All employees are immediately eligible for employer matching and 100% vested.

Dollar General

Dollar General also offers full dollar-for-dollar employer matching contributions up to 25% of employee compensation, with immediate vesting.

Uber

Uber offers one of the most generous 401k employer matches and has one of the simplest, cleanest structures as well. Employees get full employer matches dollar-for-dollar up to 10% of their compensation.

Visa

Visa offers employees an incredible 200% employer match up to 10% of contributions. If employees contribute 5% of their compensation, Visa will contribute 10%.

Bosch USA

Bosch USA offers employees a 75% company match on up to 9% of compensation.

USAA

USAA offers one of the highest employer matches at 200% of employee contributions, up to a maximum of 8% of compensation. If employees contribute 4% of their compensation, USAA will contribute 8%.

Samsung

Samsung offers both full match and partial match employer matching contributions. The first 3% of contributions are matched dollar-for-dollar. The next 3% are 50% partial matched for a total of 4.5% in employer matching each year.

Vimeo

Vimeo requires 2 years of vesting period, but offers a higher-than-most employer match at 10% of employee compensation. The maximum employees can receive per year is $10,000.

Comcast

Comcast offers a simple dollar-for-dollar employer match up to 6% of compensation with immediate eligibility and vesting.

Biogen

Biogen offers employees a 200% employer match up to 6% of contributions. If employees contribute 3% of their compensation, Biogen will contribute 6%.

Amgen

Amgen is one of the few companies that offer nonelective contributions. Even if employees don’t contribute to their accounts, Amgen will contribute 5% of employees’ salaries into their 401k each year. Additionally, they also offer full match contributions up to 5% of compensation. The total maximum amount in employer match is 10% each year.

Boeing

Boeing also provides nonelective contributions to employees’ 401k plans. Even if they don’t contribute at all, Boeing will still contribute 3% to 5% of employees’ salaries into their 401k. If employees do make contributions to their 401k, Boeing provides a 75% partial match up to 8% of compensation.

Southwest Airlines

Noticing a pattern? Airlines have great 401k programs. Southwest Airlines offers one of the cleanest, simplest structures for their 401k employer match contributions. Employees can receive dollar-for-dollar matching up to 9.3% of their eligible compensation with immediate vesting and eligibility.

BOK Financial

BOK Financial offers a very unique 401k employer match structure for their employees. All employees receive 401k employer matches of 6% of their compensation. Depending on the length of time employed by the company, the partial match percentage can quadruple. Employees who worked under 4 years at BOK receive a 50% partial match. Employees who worked 4-10 years receive a full dollar for dollar match. Employees who worked 10-14 years receive 150% employer match. And employees who worked over 15 years at BOK receive a 200% match.

Farmers Insurance

Farmers Insurance provides up to 10% 401k employer matching. They contribute 4% automatically as a base match through nonelective contributions. Additionally, they also offer a full dollar-for-dollar match up to 6% of compensation.

Ultimate Software

It’s rare for a company not to set a cap on the amount of employer 401k contribution matching. Ultimate Software offers employees a 45% partial match up to the yearly contribution limits set by the IRS. While it may sound lucrative, the total amounts to around $10,000 per year. The total matching contributions are on par with other companies ranking in this list.

AT&T

Employees at AT&T who have worked for at least one year can start receiving an 80% partial match to their 401k plans. However, it appears that they offer full match once you get promoted to a managerial position. Managers at AT&T have reported that they receive dollar-for-dollar matches up to 6% of compensation.

3M

3M offers employees a nonelective base contribution of 3% of compensation for all employees. In additional, they also offer dollar-for-dollar matching up to 5% of compensation.

Apple

Apple offers a 50% partial employer match for employees with under 2 years of service. Employees with 2-5 years of service receive 75%, employees with more than 5 years of service receive a full dollar-for-dollar match up to 6% of compensation.

Charles Schwab

Charles Schwab will first contribute $250 to your 401k when you contribute your first $1 into your plan. Additionally, they also offer full match contributions up to 5% of compensation.

Starbucks

Starbucks offers a simple employer match structure. They’ll match employee contributions dollar-for-dollar up to 5% of compensation.

Microsoft

Microsoft doesn’t set a cap on employer matched contributions. Instead, they offer 50% partial matches up to the IRS contribution limit for the year. When employees maximize their contributions, the total amount received from employer matching is usually around the range of $10,000 per year.

Walmart

Walmart requires that employees work at least for one year at the company before becoming eligible for employer matching. After a year, employees can start receiving full match contributions up to 6% of their salary with immediate vesting.

Accenture

Accenture has a longer vesting period of 2 years, but immediate eligibility for employees to start receiving employer matches to their 401k. Employees can receive full match contributions up to 6% of their eligible compensation.

Amazon 

Amazon employees can immediately start receiving 50% matches to their 401k plan up to 4% of their compensation. However, the vesting period lasts 3 years or 3,000 hours of service, whichever comes first.

Google

Google employees can either receive 100% of dollar-for-dollar matched contributions up to $3,000, or 50% matches up to the IRS contribution limit. If employees want to maximize their company 401k contributions, they can receive a larger employer match. Google also sets a fair structure for those who wish to invest their money elsewhere by offering dollar-for-dollar matching up to $3,000 per year.

Honeywell International

While the employer match amount is slightly higher than the average company in this list at 7% of compensation, Honeywell requires employees to work for 3 years before becoming eligible for receiving employer match contributions.

Adobe

Most large tech companies have immediate eligibility, but Adobe requires at least 15 months of service before employees can start receiving employer match contributions. Vesting period is longer than most as well at 2 years. However, once employees become eligible they can start receiving full dollar-for-dollar matches to their 401k up to 6% of their compensation.

Netflix

Not the highest employer match, but a very simple structure that employees appreciate. Netflix offers dollar-for-dollar matching up to 4% of compensation with no vesting period and immediate eligibility.

Meta (Facebook)

Meta provides full employer matching up to 50% of the IRS contribution limit for the year. All employees are eligible for employer matching immediately upon employment and are 100% vested.

AECOM

AECOM offers their employers a 50% match on the first 6% of eligible contributions made to their 401k, whether it’s to pre-tax or Roth. All employees, including part-time and temporary employees are immediately eligible for participation, but vesting requires 3 years services.

Best Buy

Best Buy doesn’t offer a consistent 401k match program for all of its employees and it depends on the role, time of service, and whether you work full-time or part-time.

Black Rock

Black Rock offers their employees a 50% up to 8% of their compensation, up to a maximum of $5,000 per plan year. All employees are immediately eligible to start participating in the 401k match program, but it takes 3 years for it vest.

Cisco

Cisco employees receive 100% match up to 4.5% of compensation and employees have expressed that they’re satisfied with the company’s retirement plan. They’re one of the few companies that offer immediate vesting of 401k match funds, and all employees are allowed to participate in the program at the start of their employment. Cisco takes it further to make participation in the program easy by implementing automatic enrolment for new hires.

Costco

Costco doesn’t offer the best 401k match program out of the gate. You need to work at least one year before you get full match benefits. New employees can join the 401k match program after 90 days of service, but they’ll only get up to $500 per year if not in California, and up to $250 as a California Union employee. After 1,000 hours of service, which is equivalent to one year full-time at the company, employees receive discretionary contributions of 3% to 9% of compensation depending on their years of service. For all employees, it takes 5 years to fully vest.

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