The roughly 8,000 active participants in Visa Inc.’s $1.7 billion 401(k) plan are a fortunate lot.
For starters, the Bay area-based credit card provider pays its employees well, with a median base compensation of $130,000 a year. Only 10 companies offered higher base salaries in 2017, according to the recruiting website Glassdoor.
The company also offers a really competitive 401(k) plan, matching 200 percent of every dollar employees defer up to 3 percent of salary. For that level of generosity, and the plan’s low fees, BrightScope ranks the plan near the pinnacle of Visa’s peer group.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
