Amazon
Plan features 🧰
Roth: ✅
Megabackdoor Roth: ✅ (what's this?)
Self-directed Brokerage Link: ✅ (what's this?)
Custodian: Fidelity
Match: 2% of base salary
Vesting schedule: 3 year hard cliff
Plan rating 🏆
Amazon's plan is globally adequate but is lagging behind industry peers. The match, advertised as "50% on 4% of base salary" (why not just say 2%?) is quite poor. To make matters worse, the match has a hard vesting cliff of 3 years – an employee leaving before that will surrender all previous years' match. The plan's lineup of funds is broad and contains many low-cost, institutional class index funds. However, more adventurous investors will be disappointed by the lack of self_directed brokerage option.
Company information 👷
Amazon is a global e-commerce and cloud computing giant that has revolutionized online retail and web services. As the leader in cloud infrastructure with AWS, the company provides a comprehensive suite of on-demand computing resources, including EC2 instances, S3 storage, and Lambda serverless computing. The company generates revenue through retail sales, third-party seller fees, AWS subscriptions, and Prime membership subscriptions. Amazon's competitive edge stems from its vast data collection, machine learning capabilities, and continuous innovation in areas such as voice-activated AI (Alexa) and warehouse automation (Amazon Robotics).