Adobe 401(k) Plan

Plan Sponsor: Adobe Inc.

Total Plan Assets: As of December 31, 2022, the total plan assets were $3,193,922,093

Number of Participants (2022): 20,149 participants.

Participant Contribution Restrictions: Participants may contribute at least 1% up to 65% of pre-tax annual compensation, with an option for catch-up contributions for those aged 50 and above. After-tax Roth 401(k) contributions are also allowed.

Automatic Enrollment Details: Employees are automatically enrolled in the plan with a fixed contribution percentage of 6% of eligible compensation, with an annual increase of 1%. Interns and international transfers returning to the United States are excluded from automatic enrollment.

Company Match Percentage: For 2022, the company matches 50% of eligible participants’ pre-tax and after-tax Roth 401(k) contributions up to a maximum of 6% of eligible compensation.

Required Vesting Period: Participants are immediately vested in their salary deferral, rollover contributions, employer’s discretionary profit sharing contributions, and related earnings. For employer matching contributions, participants who terminated before December 31, 2018 follow a 3-year graded vesting schedule.

Plan Administrator: The Company appointed Vanguard Fiduciary Trust Company (Trustee) as the Trustee and recordkeeper of the Plan.

Please note that the provided information is based on the details available in the document, and for more specific information, you may need to refer to the Plan Documents and contact the Plan administrators.

DISCLOSURE: Wealth45 is not affiliated with Adobe Inc.

- $
  
  23000
  
  How much can I contribute?
  
  The IRS limits the total amount you can contribute each year to a 401(k) plan. Limit is $23,000 for 2024.
- $
  
  7500
  
  What are “catch-up” contributions?
  
  For those over 50 years old, you can make additional “catch-up” contributions to your 401(k) plan. Limit is $7,500 for 2024.

Investments Available

Collective Trust Funds:

Vanguard Target Retirement series Trust Plus
Vanguard Retirement Savings Trust III
Vanguard Institutional 500 Index Trust
Vanguard Institutional Extended Market Index Trust
Vanguard Institutional Total Bond Market Index Trust

Mutual Funds:

DFA US Small Cap Value Portfolio Inst’l Class
Dodge & Cox International Stock Fund; Class X
PIMCO Total Return Fund; Institutional Class
Vanguard Explorer Fund Admiral Shares
Vanguard FTSE All-World ex-US Index Fund; Inst’l Plus Shares
Vanguard FTSE Social Index Fund Institutional Shares
Vanguard Federal Money Market Fund
Vanguard Inflation-Protected Securities Fund: Inst’l Shares
Vanguard U.S. Growth Fund Admiral Shares
Vanguard Wellington Fund Admiral Shares
Vanguard Windsor II Fund Admiral Shares

Self-Directed Brokerage Option: This option allows participants to invest in money market funds, mutual funds, exchange-traded funds (ETFs), and common stocks.

* 401k plan participates are invested in collective trusts. Link to specific a mutual fund share class of these funds provided for illustrative purposes only.

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What do other Adobe employees invest in?
Adobe employees invested in the following funds as of 12/31/2022 (based on public filings).

List of the 10 Largest Assets Held by the Plan:
1. Vanguard Institutional 500 Index Trust (Common/Collective Trust) – $485,293,641
2. Vanguard Target Retirement 2045 Trust Plus (Common/Collective Trust) – $254,091,405
3. Vanguard Target Retirement 2050 Trust Plus (Common/Collective Trust) – $246,832,364
4. Vanguard Target Retirement 2040 Trust Plus (Common/Collective Trust) – $236,839,451
5. Vanguard Target Retirement 2035 Trust Plus (Common/Collective Trust) – $220,577,774
6. Vanguard FTSE All-World ex-US Index Fund; Inst’l Plus Shares (Mutual Fund) – $196,313,537
7. Vanguard Institutional Extended Market Index Trust (Common/Collective Trust) – $158,978,731
8. Vanguard Target Retirement 2055 Trust Plus (Common/Collective Trust) – $149,712,117
9. Vanguard Institutional Total Bond Market Index Trust (Common/Collective Trust) – $146,503,941
10. Vanguard Target Retirement 2030 Trust Plus (Common/Collective Trust) – $144,793,649
Source: Form 5500 filed Aug. 31, 2023

How much can I contribute?

What are “catch-up” contributions?

Investments Available

Collective Trust Funds:

Mutual Funds:

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What do other Adobe employees invest in?

Own Company Stock in Your 401(k)?

Learn how you can potentially realize a significant tax savings.

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