Tesla 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well

Tesla 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well

Tesla 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.
Recent Posts

- Tesla 401(k) Plan
  
  At the end of 2021, the Tesla, Inc. 401(k) Plan had 61,773 participants with account balances and $1.17B billion in assets.
- Tesla Employee Contributions
  
  Each participant may elect to make pre-tax and Roth (after-tax) contributions to the Plan through payroll deductions up to IRS limits.
- Tesla’s Contribution
  
  The Plan allows for an employer discretionary matching contribution and/or an employer discretionary nonelective contribution; none were made in 2021.
- Tesla 401(k) Vesting
  
  Matching contributions are 100% vested after 1 year of service.
- Tesla 401(k) Investment Options
  
  Tesla’s 401(k) plan has ~28 investment options. Plus, a BrokerageLink option. The plan is administered by Fidelity.

Investments Available

Individual Funds/Trusts
- American Funds New World Fund
- Brown Capital Management Small Company Fund
- Carillon Eagle Mid Cap Growth Fund
- Fidelity 500 Index Fund
- Fidelity Contrafund Fund
- Fidelity Extended Market Index Fund
- Fidelity Government Income Fund
- Fidelity Government Money Market Fund
- Fidelity Inflation-Protected Bond Fund
- Fidelity International Capital Appreciation Fund
- Fidelity International Index Fund
- Fidelity Low-Priced Stock Fund
- Fidelity U.S. Bond Index Fund
- Vanguard FTSE Social Index Fund
- Vanguard Small-Cap Value Index Fund
- Vanguard Value Index Fund
* Links provided for illustrative purposes only. Actual fund share classes available within the Tesla 401k plan may differ.

Target Retirement Portfolios
- T. Rowe Price Retirement 2005 Fund*
- T. Rowe Price Retirement 2010 Fund*
- T. Rowe Price Retirement 2015 Fund*
- T. Rowe Price Retirement 2020 Fund*
- T. Rowe Price Retirement 2025 Fund*
- T. Rowe Price Retirement 2030 Fund*
- T. Rowe Price Retirement 2035 Fund*
- T. Rowe Price Retirement 2040 Fund*
- T. Rowe Price Retirement 2045 Fund*
- T. Rowe Price Retirement 2050 Fund*
- T. Rowe Price Retirement 2055 Fund*
- T. Rowe Price Retirement 2060 Fund*
* Tesla 401k plan participates are invested in collective investment trusts managed by the T. Rowe Price. Link to representative data sheets are provided for illustrative purposes only; actual collective trust in plan may differ.

What do other Tesla employees invest in?

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

Investment	Value ($ millions)	%
T. Rowe Price Retirement 2055	$ 176	15%
T. Rowe Price Retirement 2050	$ 165	14%
T. Rowe Price Retirement 2045	$ 122	10%
Fidelity 500 Index Fund	$ 106	9%
T. Rowe Price Retirement 2060	$ 104	9%
T. Rowe Price Retirement 2040	$ 81	7%
T. Rowe Price Retirement 2035	$ 68	6%
Fidelity Contrafund Fund	$ 60	5%
T. Rowe Price Retirement 2030	$ 57	5%
T. Rowe Price Retirement 2025	$ 41	3%
All other	$ 190	16%
Total Assets (excluding participant loans)	$ 1,170	100%

Source: Form 5500 filed Oct. 10, 2022

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

Own Tesla Stock in Your 401(k)?

Learn how you can potentially realize a significant tax savings.

Read Now

Sponsor Advertisements