<prompt> Human: I just got a job offer, and know nothing about 401K plans... could you guys break this down for me, and tell me if its any good? Thanks! My salary offer for the job is 60K Not sure if you need this to be able to break down the percentages on this. Thanks!401k Savings Plan: You may contribute pre-tax earnings up to the annual IRS dollar limit. SWIFT will match dollar-for-dollar up to the first 3, plus 50 cents on the dollar on the next 2. Vesting is immediate in Company contributions. In addition to the employer match, employees hired on or after July 1, 2011 will receive a fixed nonelective contribution equal to 6 of compensation.EDIT: This is for the ROTH Plan. Roth 401k: You may contribute a portion of your post-tax earnings to a Roth 401k. In combination with the traditional 401k, you may contribute up to the annual IRS limit. Roth contributions will be included in the employer match calculation.  <response>: The funds and expense ratios would tell us if its a good 401k plan. The matching itself is very good. I would definitely contribute up to the 5 to get maximum matching. As far as 401k vs Roth 401k - one you pay taxes now and never again Roth the other you dont pay taxes now but you do when you withdraw and on the money it earned traditional. As an aside, your 60k would mean youll get 3,600 regardless of what you do. However, if you contribute 3,000 5 you will actually see 9,000 in your retirement account at the end of the first year. Thats 6,000 free money. 