Financial Benefits
401(k) Retirement Plan
Through MoneyGram’s 401(k) plan, employees can contribute pre-tax income into the plan’s investment funds immediately upon hire. Additionally, MoneyGram matches employee contributions dollar-for-dollar on the first 3 percent, and 50 percent of each dollar on the fourth and fifth percent with immediate vesting.
Profit Sharing
In addition to matching a percentage of employees’ contributions, MoneyGram’s 401(k) plan has a discretionary profit sharing component. Depending on company performance, the company has the option to contribute profit sharing to all eligible employees. If granted, profit sharing contributions will be allocated annually and deposited into employees’ 401(k) accounts.
