401K Plan

401(k) Plan Review at Humana Pros: – Generous employer match of 125% up to 6% of salary, which significantly boosts retirement savings. – Employer contributions fully vest after just two years, giving good security if you stay. – Variety of investment options, including mutual funds and target-date funds, allowing for portfolio customization. – Managed by Charles Schwab with a user-friendly online platform and helpful customer support. Cons: – Employer match only kicks in after completing one year of service, which delays benefits for new hires. – Somewhat limited investment choices compared to other 401(k) plans, with fewer low-cost or alternative funds. – Vesting period of two years might feel long to some; immediate vesting would be preferable. – Understanding fees and expenses can be complicated for some employees.

Match upto 7.5 percent as long as the employee contributes 6 percent from their salary. Can be to Roth or Regular.

It’s great it’s great its

Good emoloyee match for 401k

Similar to most other companies.

Great benefits and great place to work

they match up to 6% at 50%

LTE so did not receive all 401k perks

Match policy could be a lot better