Not arguing… Maybe not same situation ?
https://www.hunton.com/insights/legal/executives-may-be-eligible-to-receive-larger-401-k-plan-benefits-with-a-new-comparability-formula
ai answer
While it's difficult to make a blanket statement, executives in tech companies may have access to 401(k) plans that are more generous than those of non-executives, potentially including higher employer contributions or broader investment options.
Here's a more detailed explanation:
Higher Contributions:
Some tech companies offer generous employer matching programs, potentially matching a larger percentage of employee contributions or contributing a fixed amount, which can significantly boost retirement savings for executives.
Broader Investment Options:
Executives may have access to a wider range of investment options within their 401(k) plan, including specialized funds or even access to company stock options, allowing for potentially higher returns.
Negotiated Benefits:
Executive compensation packages are often negotiated, and retirement benefits, including 401(k) plans, can be a part of those negotiations, potentially leading to more favorable terms.
Focus on attracting and retaining talent:
Tech companies often compete for top talent, and offering attractive retirement benefits, including 401(k) plans, can be a key part of their strategy for attracting and retaining executives.