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.
you contribute, up to $6,000 annually with a tiered vesting schedule.
are made pre-tax no matter which contribution type you select.
over current plan year.
to include target date funds.
Visit Fidelity NetBenefits to enroll or manage your plan account:
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.
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 2021, the IRS limits allow you to contribute up to:
These limits include your pre-tax contributions, Roth after-tax contributions, or a combination of both.
You also have the option of contributing to the plan with after-tax money, up to the maximum 401(k) limit of $57,000. The IRS maximum contribution will increase in 2021 to $58,000.
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.
The 401(k) Retirement Savings Plan gives you the flexibility to save for retirement in a variety of ways. You can make pre-tax contributions, Roth after-tax contributions, or a combination of the two.
Keep in mind that company contributions are made pre-tax no matter which contribution type you select.
It’s not too late to make up for lost time. If you are age 50 or older this year, take advantage of the opportunity to contribute up to an additional $6,500 in catch-up 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.
Here’s how the company match works:
Try to contribute at least $12,000 to take full advantage of the match — otherwise, you’re saying “No, thanks” to free money.
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:
Your years of service | Your vested percentage |
---|---|
Less than 1 | 0% |
1 but less than 2 | 25% |
2 but less than 3 | 50% |
3 but less than 4 | 75% |
4 but less than 5 | 100% |
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.
It’s important to designate a beneficiary to receive the value of your 401(k) Retirement Savings Plan account in the event you die before beginning to receive your benefit. As personal circumstances change, be sure to keep that information up to date. Visit Fidelity NetBenefits to add or change a beneficiary.
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:
Remember these rules about borrowing from your 401(k):
For more information, visit Fidelity NetBenefits or call (800) 835-5097.
If you’re considering taking a withdrawal or loan from your plan account, be sure to think about the impact it may have on your financial future.
Make the most of your retirement planning by taking advantage of the Fidelity Retirement Calculator.