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)?
All US-based employees are eligible to participate in the company’s retirement savings plan.
How Do I Enroll in the 401(k)?
Enrollment is completed online directly with our 401(k) administrator, Fidelity. You will need to register at 401k.com.
Increase Your Retirement Savings with a 401(k)
- Allbirds will match your contribution for each dollar you contribute to the plan, up to 100% of the first 3% you contribute, then 50% of the next 2%.
- You can conveniently contribute through payroll deductions up to $23,500 per year. If you’re age 50 or older, save an additional $7,500 per year. However, if you are 60-63 years old you can contribute an additional amount equal to the greater of $11,250 or 150% of the normal catchup. IRS limits are evaluated annually and may change.
- 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.
