401k Plan Design

[Guest Tracy C]

I am interested in finding out the following information from anyone in the high-tech, software industry with around 600-700 employees:

Current 401k matching program

Current Vesting Schedule

Fund Choices (all Class A, some Class A & C, etc)

Eligibility Rules (i.e. when can new hire enroll)

Thanks!

[Jon Chambers]

I work with several companies meeting that description, and I have a few observations. First, don't accept any C class funds--it should all be load waived A or true no-load. Second, matching contributions vary significantly. There is no industry standard. 50% match on first 6% is most common, but not a standard. Third, entry is rapid, generally immediate or first of quarter following date of hire. Finally, vesting is also rapid, often immediate, rarely more than 4 year graded. Hope this helps.