Maximize your contributions and company match
Are you saving enough to reach the 2024 IRS pre-tax and/or Roth contribution limit? Will you receive the full SAP company match? Answer a few questions to determine whether you are making the most of your SAP America, Inc. 401(k) Plan this year.
What you will need
To answer the questions, you will need to know:
- Your current annual salary.
- The frequency of your bonus/commission payments.
- Your bonus/commission payment amounts.
- The pre-tax and/or Roth percentages you are contributing on your salary and your bonus/commission.
- The amount you have contributed so far this year.
- The SAP company match you have received so far this year.
- The SAP company match you expect to receive at the end of this quarter.
- Age 50+ Catch-up contributions.
SAP America, Inc. 401(k) Plan
Personal information (2024)
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 a... | 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 (Combined) | x% | xx | $xxx | $xxx |
| Bonus/commission contribution | x% | xx | $0.00 | $0.00 |
| Catch-up contribution for the rest of the year* | $xxx | $0.00 | ||
| Amount contributed to date | $xxx | $xxx | ||
| Total annual contributions | $xxx | $xxx | ||
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 SAP nor Vanguard is responsible for incorrect data or miscalculations.
*There is no company match on catch-up contributions.
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, log on to your account at Vanguard.com. Or you can contact a Vanguard Participant Services associate by calling HRdirect at 866-HR AT SAP. Select Option 2 for the U.S. menu options, and then press 1 to be connected to Vanguard. Vanguard Participant Services associates are available through HRdirect Monday through Friday from 8:30 a.m. to 9 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 (Combined) | x% | Not applicable | x | $xxx | $xxx |
| Pre-tax and Roth contributions (Combined) | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | $xxx |
| Pre-tax and Roth contributions (Combined) | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | $xxx |
| Bonus/ commission contribution | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | $xxx |
| Bonus/ commission contribution | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | $xxx |
| Bonus/ commission contribution | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | $xxx |
| Bonus/ commission contribution | x% | xx/xx/xxxx and xx/xx/xxxx | x | $xxx | $xxx |
| Catch-up contribution for the rest of the year** | $xxx | $0.00 | |||
| 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 pre-tax and/or Roth 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.
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 SAP nor Vanguard is responsible for incorrect data or miscalculations.
**There is no company match on catch-up contributions.