401(k) average matching contributions from technology companies

[Guest Mike Lanio]

I am looking for survey information on what technology companies offer as 401(k) matching contributions.

[rcline46]

Mike, what is a technology company? My construction companies are pretty 'high tech' today, my auto body clients are really 'high tech' - did you know that metal is glued together for repairs? I guess my country clubs can't really be considered 'high tech'. Our asset management clients are really 'high tech' with their research tools. The doctors and lawyers definitely use 'high tech' in their work. Our software companies are only using brain power so I guess they are not 'high tech'. With the advent of deregulation, we have both telephone and power companies but I haven't figured them out yet.

The interesting thing is that there is no correlation between industry and match that we can see across a broad spectrum of businesses.

[Guest susan w]

hi mike,

in silicon valley, this seems to depend on the age and size of the company. most start-ups do not offer a match - the vcs don't seem to want to have their money spent in that direction. as the company goes public, gets a little more established then we see a range of matches, mostly fairly moderate, such as 25 cents on the dollar for the first 4 percent. this is by no means an accurate survey, but just observation.