Apple 401(k) Plan | Wealth45

Apple 401(k) Plan | Wealth45

Apple 401(k) Plan

- 100
  
  %
  
  How much will Apple contribute?
  
  Apple adds a 100% matching contribution—after 5 years of service—up to 6% of compensation.
- $
  
  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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- Apple’s 401(k) Plan
  
  At the end of 2021, the Apple 401(k) Plan had 131,476 participants with account balances and $16.7 billion in assets.
- Automatic Enrollment
  
  Plan allows auto-enrollment at 3% of eligible compensation; increasing by 1% annually until employee is contributing 6%. These contributions are invested in an appropriate BlackRock LifePath fund.
- No Vesting Period
  
  Participants are fully vested in Plan accounts at all times.
- Employee Contributions
  
  Employees may contribute up to 75% of their eligible compensation pre-tax (or to a Roth) subject to prescribed annual limits. After-tax contributions limited to 20% of eligible compensation.
- Apple Matching
  
  Company matched based on years of service: <2 years = 50%, 2-5 years = 75%, and >5 years = 100% of a participant’s contributions up to 6%.
- Apple 401K Plan Investment Options
  
  Apple’s 401(k) plan has ~24 different investment options; including, mutual funds, collective trusts, and separate accounts. Plus a Schwab brokerage account option. The plan is administered by Great-West.

Investments Available
Individual Funds/Trusts
- AB US Small Mid-Cp Value CIT W Series
- Baillie Gifford International Alpha CIT
- BNY Mellon EB Global Real Estate Sec II Fund
- Eaton Vance Trust Co CIT High Yield CIV
- Fidelity Contrafund Commingled Pool Class 3 Fund
- Loomis Sayles Core Plus Fixed Income D
- Vanguard Extended Market Index Trust Fund
- Vanguard Institutional 500 Index Trust Fund
- Vanguard Total Bond Market Index Trust Fund
- Vanguard Total International Stock Index Trust
Target Retirement Portfolios
* Apple 401k plan participates are invested in collective trusts managed by the Blackrock Institutional Trust Company. Links to the Institutional share class of LifePath funds provided for illustrative purposes only—these mutual funds are likely similar to, but not the same as, the collective trusts participants are invested in.
Separately Managed Accounts
- BHMS Large Cap Value Equity
- Stable Value Fund
- William Blair Small-Mid Cap Growth

What do other Apple employees invest in?

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

Investment	Value ($ millions)	%
Vanguard Institutional 500 Index Trust	$ 2,527	15%
Fidelity Contrafund Commingled Pool Cl3	$ 1,601	10%
BlackRock Global LifePath 2050	$ 1,398	8%
BlackRock Global LifePath 2045	$ 1,390	8%
BlackRock Global LifePath 2040	$ 1,027	6%
BlackRock Global LifePath 2055	$ 1,009	6%
Vanguard Extended Market Index Trust	$ 846	5%
BlackRock Global LifePath 2035	$ 809	5%
Vanguard Total Int’l Stock Index Trust	$ 670	4%
Vanguard Total Bond Market Index Trust	$ 570	3%
All other (incl. Schwab brokerage accounts)	$ 4,716	28%
Total Assets (excluding participant loans)	$ 16,564	100%

Source: Form 5500 filed July 26, 2022

See what Apple employee’s invested in the prior year (2020)

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