Also, I won't have to live in Los Gatos.
Infact I wouldn't know of many companies who can't be branded evil or full of BS for some or other reason.
Reduces their overhead -- no plan administrators, etc. -- and no abstractions or surprise fine print in the 401k matching or classes of stock or whatever.
How costly and valuable are a few Uber rides per year (that are also justified as a business expense)?
Now compare that to a decent 401k matching program...
Your still paying tax on it although, but it still would cost the company $2000 per month.
A company can also just give you more money without a 401k condition behind that matching program, and you can decide to put the money in. They don't have a large retail staff, so they can also probably do things like the mega backdoor roth too.