Eligibility and enrolling

You’re eligible to participate in the 401(k) Retirement Plan after 30 days of employment. If you want to make your own contribution choices, you have these options:

  • Pre-tax and/or Roth 401(k) contributions, between 1% and 75% of your eligible compensation, up to $22,500 for 2023
  • Catch-up contributions if you are age 50 or older during the calendar year, up to $7,500 for 2023

You can enroll, change your contribution rate, investment direction, or cancel your participation at any time through Merrill Lynch or call 800.228.4015.

You’ll find investment election information at Merrill Lynch.

Automatic enrollment

  • If you don’t want to participate in the Plan, contact Merrill Lynch during the 30-day opt-out period.
  • If you take no action, Jabil will automatically enroll you.
    • Beginning with the first payroll cycle (following the 30-day opt-out period), 5% of your eligible compensation will be deducted from your paycheck on a pre-tax basis. Your first contribution will begin approximately 60 days after the date in your eligibility letter.
    • Your contributions will be invested in a Vanguard Target Retirement Fund based on your year of anticipated retirement at age 65.