Amazon's 401(k) Plan Is Pretty Brutal, Too

Re:Amazon's 401(k) Plan Is Pretty Brutal, Too by xienze on Monday August 24, 2015 @10:40AM (#10110106)

> If Amazon matched employee retirement contributions in cash, a new employee earning $80,000 a year would get a maximum company contribution of $1,600.

Wow, and I thought IBM was stingy. They at least matched 100% up to 6% (of course, you forfeit all that if you aren't employed on December 15th of that year).

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Re:Amazon's 401(k) Plan Is Pretty Brutal, Too by dpark on Monday August 24, 2015 @12:23PM (#10110930)

> They at least matched 100% up to 6% (of course, you forfeit all that if you aren't employed on December 15th of that year).

That seems like a really shortsighted policy. I expect that would seriously encourage people to leave in January. Having big blocks of people leave all at once seems far worse than having turnover spread more evenly.

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Re:Amazon's 401(k) Plan Is Pretty Brutal, Too by xienze on Monday August 24, 2015 @01:19PM (#10111438)

IBM is all about short-sighted policies. But yes, people did their best to leave early in the year.

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Re:Amazon's 401(k) Plan Is Pretty Brutal, Too by NotABox on Monday August 24, 2015 @03:54PM (#10112566)

The difference is that Amazon gives out stock. IBM didn't for software engineers when I was there a few years back. My base salary at Amazon is the same as it was at IBM. However including stock my total compensation at Amazon is 2-3 times what it was at IBM.

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