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I remember when the company decided to do all 401k matching in Boeing stock in 2009. I thought that was the norm? I've only worked at one public company and th
by Johnny555 7y ago
I remember when the company decided to do all 401k matching in Boeing stock in 2009.
I thought that was the norm? I've only worked at one public company and they did matching in company stock as well - I'd periodically sell it and reinvest so only about 20% of my holdings was in company stock. I wish I'd kept more in their stock since they've done quite well.
- ilikehurdles 7y agoThis is not the norm AFAIK. Matching at my previous companies has been proportionally into the mutual funds I had selected as part of my portfolio.
- karmelapple 7y agoMaybe this is an aviation industry thing. At a not-Boeing company, I believe all of our 401k match was company stock, although we could move it to other funds after it came in as company stock.
- inferiorhuman 7y agoI got a cash match at megacorp and figured most public companies would be the same.
- Analemma_ 7y agoThat's definitely not the norm. A lot of companies offer ESPPs to buy their own stock at a discount, which is fine, but 401k matching in company stock instead of cash is a major red flag.
- BinaryIdiot 7y agoIt sounds like you're describing a stock purchasing program, not 401K matching in stock.