I’m a software engineer and have had multiple startup employers not provide a 401k. It’s actually much more common than you think to not have one at all. Only 56% of employers have a 401k.
It’s even more common to have no matching. Of the 56% that have a 401k only 50% have any matching at all. This leaves less than 25% of employers with matching.
Of my 3 employers who did not have a 401k they all compensated me in mostly equity. Only a single employer had their equity eventually pay out in some form and it’s not eligible to be put in retirement funds outside of the standard IRA which maxes out significantly less than that 401k
I’m a software engineer and have had multiple startup employers not provide a 401k. It’s actually much more common than you think to not have one at all. Only 56% of employers have a 401k.
It’s even more common to have no matching. Of the 56% that have a 401k only 50% have any matching at all. This leaves less than 25% of employers with matching.
Of my 3 employers who did not have a 401k they all compensated me in mostly equity. Only a single employer had their equity eventually pay out in some form and it’s not eligible to be put in retirement funds outside of the standard IRA which maxes out significantly less than that 401k