Meta (Facebook) 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well Employee Retirement

Meta (Facebook) 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well Employee Retirement

Meta Platforms 401(k) Plan
- $
  
  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.

- Meta’s 401(k) Plan
  
  At the end of 2021, the Meta Platforms 401(k) plan had 64,939 participants with account balances and $7.9 billion in assets.
- Initial Enrollment
  
  Plan allows auto-enrollment at 10% of eligible compensation and increasing by 1% annually if the employee does not make a change.
- No Vesting Period
  
  Participants are fully vested in Plan accounts at all times.
- Meta’s Contribution
  
  Meta makes matching contributions in an amount equal to 50% of the first 7% of eligible compensation deferred by participants (up to 3.5% of total eligible compensation).
- Meta’s 401(k) Investment Options
  
  Meta’s 401(k) plan has ~19 different investment options; including, mutual funds and collective trusts. Plus, a Fidelity BrokerageLink account option. The plan is administered by Fidelity.

Investments – Individual Funds/Trusts
- Invesco Stable Value Trust Class B1
- State Street Global All Cap Eqty Ex-US Cl II
- State Street U.S. Bond Index Class XIV
- State Street U.S. Infl. Protected Bond Index
- State Street U.S. Total Market Index Class II
- Vanguard Total Intl Bond Index Inst. Shr
Investments – Complete Portfolios
- Target Retirement 2015 Trust Select
- Target Retirement 2020 Trust Select
- Target Retirement 2025 Trust Select
- Target Retirement 2030 Trust Select
- Target Retirement 2035 Trust Select
- Target Retirement 2040 Trust Select
- Target Retirement 2045 Trust Select
- Target Retirement 2050 Trust Select
- Target Retirement 2055 Trust Select
- Target Retirement 2060 Trust Select
- Target Retirement 2065 Trust Select
- Target Retirement Income Trust Select

What do other Facebook employees invest in?

Meta Platforms employees invested in the following funds based on public filings as of 12/31/2021.

Investment	Value ($000)	%
State Street U.S. Total Mkt Index Sec. Lend. Cl. II	$ 1,696,371	22%
Vanguard Target Retirement 2050 Trust Select	$ 1,125,242	14%
Vanguard Target Retirement 2055 Trust Select	$ 1,106,583	14%
Vanguard Target Retirement 2045 Trust Select	$ 827,189	11%
BrokerageLink Account	$ 675,206	9%
Vanguard Target Retirement 2060 Trust Select	$ 643,690	8%
Vanguard Target Retirement 2040 Trust Select	$ 518,739	7%
Vanguard Target Retirement 2065 Trust Select	$ 320,318	4%
Vanguard Target Retirement 2035 Trust Select	$ 270,873	3%
State Street Gbl All Cap Equity Ex-US Index Cl. II	$ 212,598	3%
All other	$ 469,722	4%
Total Assets (excluding participant loans)	$ 7,866,530	100%

Source: Form 5500 filed July 7, 2022