Retirement
What does retirement look like for you? Maybe you plan to travel the world. Or maybe you’d like to take up some hobbies closer to home. Whatever your goal, it’s important to plan for your own finances so you have the income you’ll need in the future.
One of the best ways to ensure a secure retirement is to start saving as early as possible. Our 401(k) savings plan allows you to save for retirement on a pretax basis. You can begin contributing to the plan at any time once you become eligible and can start making contributions to your account through convenient payroll deductions.
Who is Eligible for the 401(k)?
F5’s 401(k) plan is available to all active employees on U.S. payroll regardless of the number of hours worked or age. Maintained by Fidelity Investments, the 401(k) plan helps you meet one of life’s most important goals—financial security in retirement. If you enroll in the plan, you can contribute a portion of your eligible compensation on a pre-tax basis or post-tax into a Roth 401(k).
Tell Me More About the After Tax Roth
Making after-tax contributions to your 401(k) paired with an in-plan Roth conversion is an excellent way to maximize retirement savings while benefiting from tax-free growth. After-tax contributions allow you to go beyond the annual contribution limits for pre-tax and Roth contributions, up to the total 401(k) limit ($72,000, 50+ $80,000, or 60-63 $83,250 in 2026). However, it’s important to note that F5 does not match after-tax contributions—matching is only provided for pre-tax and Roth contributions. To make the most of this feature, it’s essential to set up an in-plan Roth conversion to avoid paying taxes on any earnings generated by your after-tax contributions during the conversion process.
For simplicity and to avoid unnecessary taxes, consider setting up an automatic in-plan Roth conversion. This ensures your after-tax contributions are immediately converted into your Roth account, preventing taxable growth on those funds. To set up auto-conversion, contact Fidelity at 800-890-4015. By leveraging after-tax contributions and in-plan Roth conversions, you can optimize your 401(k) plan and set yourself up for a more secure financial future.
How Do I Enroll in the 401(k)?
You can enroll in the retirement savings plan by visiting Fidelity at netbenefits.com and registering with your personal information. Once registered, you’ll be able to select your contribution percentage.
When Do My Changes Take Effect?
Any changes you make by noon PT on the last business day of the month will be effective 1st of the month following the change.
Increase Your Retirement Savings with a 401(k)
- F5 will match 50% of your contribution for each dollar you contribute to the plan, up to $4,400.
- Contribute using convenient payroll deductions up to the IRS limit of $24,500 per year.
- You may also contribute up to 25% of your pay as after-tax contributions.
- Change the amount of your contributions or stop your payroll contributions at any time.
- Decide how to invest your 401(k) or allow the plan to choose for you.
- The 401(k) contribution limit for employees age 50 or older is $32,500 per year.
- The 401(k) contribution limit for employees age 60-63 is $36,000 per year.