401(k) Retirement Savings Plan
What to Know
Retirement is right around the corner. Well, maybe for some of us. But time goes by fast, so it’ll be here before you know it. It’s never too early—or too late—to start planning. Whatever your goals, our 401(k) Retirement Savings Plan can help get you there.
In the 401(k) plan, Exelixis matches 100% of the first $11,000 you contribute on a pretax or Roth basis. You can contribute up to the IRS maximum after that, plus an additional $30,000 after taxes. Get step-by-step instructions on how to update your elections through Fidelity.
After-tax contributions aren’t eligible for the Exelixis match.
Every dollar in your 401(k), including the contributions that Exelixis makes, is yours. You’re vested immediately.
$32,500 if age 50 or older
$32,500 if age 50 or older
Secure 2.0 Limits
Super Catch-Up
If you’re aged 60-63, you’re eligible to make a catch-up contribution of $11,250 instead of the standard $8,000 catch-up for those age 50 or older.
Starting in 2026, if you earn $145,000 and above, all catch-up contributions will now be made as Roth contributions. This means they’re made after-tax and grow tax-free.