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 $25,000 after taxes.

After-tax contributions aren’t eligible for the Exelixis match.

Every dollar in your 401(k), including the contributions that Exelixis makes, are yours. You’re vested immediately.

Contribution limit
Taxes
Eligible for employer match?
Pretax Contributions
$23,000 total between pretax and Roth
$30,500 if age 50 or older
Earnings grow tax-deferred; contributions and earnings taxed when distributed
Yes
Roth Contributions
$23,000 total between pretax and Roth
$30,500 if age 50 or older
Earnings grow tax-free; contributions and earnings not taxed when distributed
Yes
After-Tax Contributions
$25,000
Earnings grow tax-deferred; earnings, not contributions, taxed when distributed
No

401(k)

Fidelity

Group #: 19473
800-294-4015
netbenefits.com

Morgan Stanley Investment Guidance
925-253-5340
anne.seto@morganstanley.com