Maximize your contributions in your Retirement Plan
Are you saving enough to reach the 2023 IRS pre-tax and/or Roth 401(k) contribution limit? Will you receive the full Company match? Answer a few questions to determine whether you are making the most of your 401(k) Savings Plan this year.
What you will need
To answer the questions, you will need to know (Click the links below for more information):
- Your current annual salary.
- The pre-tax and/or Roth percentages you are contributing.
- The amount you have contributed so far this year.
- The Jacobs company match you have received so far this year.
- Age 50+ catch-up contributions.
- Are you a Highly Compensated Employee (HCE)?
- What is your company match?
Jacobs Retirement Plan
Personal information (2023)
If you keep your current contribution percentage elections, here are the contributions you will make and the company match you will receive this year.
| If you are making... | At a rate of... | And you contribute that amount for... | Your contributions will total... | And the company match will be... |
|---|---|---|---|---|
| Pre-tax and Roth contributions | x% | xx | $xxx | $xxx |
| Catch-up contribution | x% OR $x | xx pay periods |
$xxx | |
| Amount contributed to date | $xxx | $xxx | ||
| Total annual contributions* | $xxx | $xxx | ||
This tool assumes you are eligible for the company match as of January 1 and you remain actively employed with Jacobs the entire year. The result shown is hypothetical and does not represent an investment in any particular mutual fund. This calculator is an estimating tool only. It does not take into consideration your personal circumstances or other factors that may be important in making investment decisions. Results are not a recommendation to buy or sell a particular security. Neither Jacobs nor Vanguard is responsible for incorrect data or miscalculations.
*Before changing your contribution amount, please consider any contributions you have made this year to a prior employer's retirement account if applicable.
Based on the information you entered, you will not receive the full company match this year. However, we can help you get the match you are eligible to receive for the remainder of the year.
To change your contribution rate, simply log on to your account at Vanguard.com or you can contact a Vanguard Participant Services associate by calling 800-523-1188. Vanguard Participant Services associates are available Monday through Friday from 8:30 a.m. to 9:00 p.m., Eastern time.
Note: The suggested strategy is just one possible course of action and is not guaranteed. Please pay careful attention to the deadlines and pay-period instructions in the strategy. Missing a deadline or contributing the suggested amount for a different number of pay periods might result in your contributing more or less than you intend.
| If you change your... | To this rate... | Between these dates...* | And you contribute that amount for... | Your contributions will total... | And the company match will be... |
|---|---|---|---|---|---|
| Pre-tax and Roth contributions | x% | Not applicable | x | $xxx | $xxx |
| Pre-tax and Roth contributions | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | |
| Pre-tax and Roth contributions | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | |
| Catch-up contributions | x | Not applicable | x | $xxx | |
| Amount contributed to date | $xxx | $xxx | |||
| Total annual contributions* | $xxx | $xxx | |||
Be sure to use the calculator again before the first pay period next year for a new suggested strategy that might help you maximize your contributions and receive the full company match.
*If the second of the two dates falls on a weekend day or a holiday, you must make your change by the last business day before that date. “Not applicable†means that the suggested contribution rate percentage is the same as your current contribution rate percentage, so no change is required.
This tool assumes you are eligible for the company match as of January 1 and you remain actively employed with Jacobs the entire year. The result shown is hypothetical and does not represent an investment in any particular mutual fund. This calculator is an estimating tool only. It does not take into consideration your personal circumstances or other factors that may be important in making investment decisions. Results are not a recommendation to buy or sell a particular security. Neither Jacobs nor Vanguard is responsible for incorrect data or miscalculations.
**Before changing your contribution amount, please consider any contributions you have made this year to a prior employer's retirement account if applicable.