Salesforce 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well | Investment Options & Details

Salesforce 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well | Investment Options & Details

Salesforce 401(k) Plan

- 6
  
  %
  
  How much will Salesforce contribute?
  
  Salesforce will match contributions at 100% up to 6% of your eligible pay (max $5,000/year)
- $
  
  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.
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SPECIAL FEATURE OF SALESFORCE’S 401(k) PLAN

Participants can contribute after-tax dollars that can potentially be converted to a Roth IRA.

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- Employee Contributions
  
  Employees may contribute up to 90% of their annual compensation subject to prescribed annual IRS limits (generally $22,500 pre-tax in 2023).
- No Vesting Period
  
  Participants are fully vested in Plan accounts at all times.
- Salesforce’s Contribution
  
  Salesforce makes matching contributions in an amount equal to 100% of the first 6% of pre-tax compensation deferred by participants (up to max of $5,000 per year).
- Auto Plan Enrollment
  
  Plan allows auto-enrollment at 6% of eligible compensation. These contributions are invested in an appropriate JPMCB SmartRetirement® Passive Blend Fund.
- Salesforce 401K Plan Investment Options
  
  Salesforce’s 401(k) plan has ~27 different investment options; including, mutual funds and collective trusts. Plus a Fidelity BrokerageLink account option. The plan is administered by Fidelity.

Investments Available

Individual Funds/Trusts
- Ariel Fund Institutional Class
- BlackRock Equity Dividend Fund K Shares
- DFA Inflation-Protected Securities Portfolio Institutional Class
- Fidelity 500 Index Fund
- Fidelity Contrafund Pool
- Fidelity Diversified International Pool
- Fidelity Extended Market Index Fund
- Fidelity International Index Fund
- Fidelity Long-Term Treasury Bond Index Fund
- Fidelity Low-Priced Stock Pool
- Fidelity Managed Income Portfolio – Class I
- Fidelity Money Market Government – Institutional
- Fidelity Puritan Fund – Class K
- Fidelity Small Cap Index Fund
- Fidelity U.S. Bond Index Fund
- Invesco Developing Markets Fund Class R6
- Loomis Sayles Core Plus Bond Fund Class N
- MFS International Intrinsic Value Fund Class R6
Target Retirement Portfolios

What do other Salesforce employees invest in?

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

Investment	Value ($ millions)	%
Fidelity 500 Index Fund	$ 941	16%
JPMCB SmartRetirement Passive Blend 2050	$ 615	10%
JPMCB SmartRetirement Passive Blend 2045	$ 572	9%
JPMCB SmartRetirement Passive Blend 2055	$ 498	8%
JPMCB SmartRetirement Passive Blend 2040	$ 482	8%
Fidelity Contrafund Pool	$ 481	8%
JPMCB SmartRetirement Passive Blend 2035	$ 370	6%
Fidelity Extended Market Index Fund	$ 229	4%
JPMCB SmartRetirement Passive Blend 2030	$ 227	4%
Fidelity Small Cap Index Fund	$ 198	3%
All other (incl. BrokerageLink)		24%
Total Assets (excluding participant loans)	$ 6,049	100%

Source: Form 5500 filed Sept 16, 2022

See what Salesforce employees invested in the prior year (2020)