401(k) Benefits
OVERVIEW

401(k) savings plan

Informatica is committed to supporting your financial well-being — today and tomorrow. The 401(k) Retirement Savings Plan helps you prepare for retirement by offering an easy, tax-advantaged way to save for your future financial needs.

Enrolling in the 401(k) Plan

You are immediately eligible upon date of hire. As a new hire you are automatically enrolled in the 401(k) Plan within your first 30 days at a contribution rate of 5% of your eligible compensation. You can adjust your contribution rate, investment elections, or opt out at any time by calling (800) 835-5097 or visiting Fidelity NetBenefits. Elections cannot be entered in Workday.

Please note: Interns are not eligible to participate in the 401(k) Plan.

Tools and Resources

Make the most of your retirement planning by taking advantage of the Fidelity Retirement Calculator.
Need assistance with your 401(k) account? Click here for who to contact for assistance.

Plan Documents

Your Contributions

You may contribute up to 50% of your eligible compensation, up to annual IRS limits. Eligible compensation includes your base salary plus sales commissions or annual bonus. In 2022 , the IRS limits allow you to contribute up to:

  • $20,500 if you are under age 50
  • $27,000 if you are age 50 or older (which includes an additional $6,500 in catch-up contributions, made as a separate dollar amount election)

These limits include your pre-tax or Roth contributions, or a combination of both.

Our plan also allows for After-tax contributions up to the $61,000 annual IRS limit including all other sources of contributions (pre-tax, Roth, or matching). Visit the Fidelity site for more information on the After-tax contribution option.

If you previously made contributions to another 401(k) this year, complete the 401(k) Prior Contributions Form and submit to Payroll to ensure you don’t exceed the IRS maximum. You can roll over your previous employer’s 401(k) plan by completing the Rollover Into Fidelity Form.

Company Contributions

To support your retirement saving efforts, Informatica matches 50 cents for every dollar you contribute, up to $6,000. There are multiple investment options including target date funds. Informatica’s matching contributions are made pre-tax no matter which contribution type you select.

Vesting

Vesting is another way of saying “how much of the contributions are yours to keep when you leave the company.” You are always 100% vested in your own contributions, including any investment gains and losses.

The 401(k) plan will now have a graded vesting schedule for employees hired after 1/1/2017. You become vested in company contributions over time, based on the following schedule:

Employees hired prior to 1/1/2017 will continue to be 100% vested from day one.

Employees 55 or older are exempted from the tiered vesting schedule and will be 100% vested from their hire date.

Loans and Withdrawals

The money in your account is intended as a long-term investment to help you prepare for your financial needs in retirement. However, under certain circumstances, you may be able to access money from your account before reaching retirement age.

Provided you meet certain guidelines, you may borrow money from your 401(k) account if the need arises. You may borrow:

  • A minimum of $1,000
  • A maximum of either
    • 50% of your vested account balance, or
    • $50,000 (reduced by your highest outstanding loan balance during the last 12 months)

Remember these rules about borrowing from your 401(k):

  • You must pay your loan back (plus any interest) within 5 years.
    • Primary residence loans must be paid back within 10 years.
  • If you leave Informatica, you must repay your loan in full. If you do not, the remaining balance will be considered a distribution.
  • You may not have more than one outstanding loan at a time.
  • Hardship withdrawals may be limited based upon certain circumstances and documents provided.
  • Loan repayments are made as payroll deductions.

For more information, visit Fidelity NetBenefits or call (800) 835-5097.

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