You may contribute your eligible compensation* on a pre-tax basis, up to the IRS contribution maximum. In 2023, you can contribute up to $22,500 on a pre-tax basis. If you’re age 50 or older in 2023, you may be eligible to contribute an additional $7,500 in catch-up contributions.
Team Member contributions will begin within 1 to 2 pay periods after enrollment.
Plan contributions are made through regular payroll deductions, which make it easy and automatic. And, you can adjust your contribution rate at any time if your goals or life circumstances change through Fidelity’s website, NetBenefits.
You will need to register at NetBenefits to be able to make elections and changes to your 401(k) benefit.
Want to learn more about your 401(k) benefit? Review the plan highlights and begin investing in your future, today.