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Draper

All Draper benefits

401K Plan

Available to US-based employees

4.7

(7 Reviews)

About Our Data

Employer VerifiedUpdated May 21, 2019110 employees reported this benefit

Benefits reviews

1-7 of 7 Reviews

5.0

May 21, 2019

Anonymous employee

Their matching contributions are the best around. One of the legacy traditions from their MIT roots I believe.

4.0

Dec 4, 2017

Anonymous employee

they contribute 10% but require you to contribute a minimum of 5%

5.0

Jan 29, 2017

Anonymous Senior Member of Technical Staff

Draper's 401k matching program is much higher than other companies.

5.0

Oct 13, 2016

Anonymous Business Unit Leader

It's a 403b since Draper is a not-for-profit. You put in 5%, they put in 10%.

5.0

Aug 2, 2016

Anonymous PMTS

For every $1 from employee, $2 from employer up to certain percentage.

4.0

Jun 30, 2016

Anonymous employee

Draper is a non-profit and offers a 403b plan instead of a 401k. This plan is supplemental to the core retirement plans.

5.0

Aug 6, 2014

Anonymous Senior Member of Technical Staff

they put in $2 for $1 for the first 5% of your salary. that is, you put in 5% they add an extra 10%!!

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