Re:Analyzing the monetary component of employee benefits at ...
by spcelzrd on Thursday March 30, 2017 @09:24AM
(#13995085)
I agree that a 401k match is better than the equivalent salary. Match is often a company policy and non-negotiable. Salary is negotiated per individual and usually more than once over the lifetime of a job, so it's easier to get more salary than more retirement match.
It's the pingpong tables that kill me. Why does this make me want to work there?
Re:Analyzing the monetary component of employee benefits at ...
by madcaptenor on Thursday March 30, 2017 @10:55AM
(#13995886)
Ping-pong (foosball, etc.) tables make me less likely to want to work somewhere. At an old job the foosball table was near my desk. Whatever little amusement I got from playing foosball was dwarfed by the annoyance of other people playing foosball while I was trying to work. Ping-pong would be worse because I'd be trying to get things done while balls are flying through the air near me.
Re:Analyzing the monetary component of employee benefits at ...
by Cerium on Thursday March 30, 2017 @12:45PM
(#13996936)
I used to work with an old engineer who said that every company he worked for that had a ping-pong table has closed up shop in the years since.
Re:Analyzing the monetary component of employee benefits at ...
by officelineback on Thursday March 30, 2017 @10:31AM
(#13995643)
Also nice is the in-service rollover, so you can roll funds directly from the company's 401(k) plan into your self-directed IRA or whatever multiple times per year, instead of when you leave.
Re:Analyzing the monetary component of employee benefits at ...
by CydeWeys on Saturday April 01, 2017 @11:37AM
(#14012597)
Good point. Another nice option is the ability to roll over an existing roll over IRA into a 401(k) -- not all plans have this option. This is important because having basis in an IRA negates a lot of the advantage of doing a backdoor Roth IRA, but if you can move all of those IRA funds into your 401(k) without any tax consequences, then you're golden.
Note that 401(k)-to-401(k) rollovers are generally always allowed.
In addition to match, other factors that matter a lot (but are harder to find out up front) include what funds are available and if after-tax contributions are allowed. Having access to low-cost funds is a huge plus, and after-tax contributions allow for the mega-backdoor Roth 401(k) strategy.