Thread regarding Hy-Vee layoffs

401k match

Target matches 5%, Walmart matches 6%. Really sad that the "Best place to work in America" (eye roll) is only matching half of 7% (3.5%).

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Post ID: @OP+1oOlwD5U

12 replies (most recent on top)

My employer contributes 8% per year. Not a match - a straight contribution, regardless of how much, if any, the employee puts in. That's how the old Trust Fund used to work, until Hy-Vee decided that "nobody" does that any more. Not true. There are much better employee benefits out there than Hy-Vee offers.

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Post ID: @24cpe+1oOlwD5U

Hy-Vee also only contributes the match once per year. Not sure about Walmart or target, but other employers match every paycheck.

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Post ID: @udja+1oOlwD5U

LOL!!!! 3% raise must have skipped over our store too.

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Post ID: @hflh+1oOlwD5U

WRONG,NOT ALL STORES GOT A 3% RAISE.COMON TELL THE TRUTH.

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Post ID: @8fgs+1oOlwD5U

Nope, we are employee-owned. Not all employees, but not only Executives. I'm an owner and not an executive.

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Post ID: @8lkm+1oOlwD5U

Actually, Hy-Vee gave 3% last January.

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Post ID: @8njc+1oOlwD5U

Looks like all retirees will get a 3.2 percent raise on our Social Security.When is the last time hyvee gave a 3% raise to their employees.?

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Post ID: @5qso+1oOlwD5U

That’s why people have to work 50 years at HyVee… It’s absolutely pathetic, and by the way, they don’t but you a brand new car after putting in 50 years, they give you $35k towards a new car, but yet they have you pose next to a brand new Silverado and Camaro.. HY-VEE IS PATHETIC. EMPLOYEE OWNED IT IS NOT.. IT IS EXECUTIVE OWNED!!!!

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Post ID: @2sao+1oOlwD5U

Target will match you the full 5%. If you put in a 100 dollars target will match you the full 100 dollars. HyVee will only match half. So at 7 % you get 3.5 from HyVee. See the different. They only match half

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Post ID: @2oum+1oOlwD5U

"So Hy-Vee's match is better than Target and Walmart? Is that what you're saying?" - re-read the OP, Hy-Vee matches HALF of 7%, making it only 3.5%, while Target matches you a full 5% and Walmart gives 6%. Hy-Vee charges 60% more for their product than the competition, and pays their workers less. They care more about their shareholders than the employees. "Employee owned" is a lie.

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Post ID: @1utv+1oOlwD5U

So Hy-Vee's match is better than Target and Walmart? Is that what you're saying?

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Post ID: @1nsr+1oOlwD5U

The worst part is HyVee doesn’t even pay enough to really save in your 401k. On top of that will only make half to a certain point. My new company matches double up to 5%. So I put in 5 grand a year and the company puts in 10k. My total 401 in a year was 15 grand. You know how long it took me a HyVee to get 15k into my 401k. HyVee is a joke. HyVee should at least my you dollars for dollar.

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Post ID: @1fgw+1oOlwD5U

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