Jabil gives you free money to help you invest for the future.

Jabil matches up to 4% of what you contribute to the 401(k) Retirement Plan: 100% of the first 3% of eligible compensation you contribute and 50% of the next 2%.

Eligibility

You’re eligible to participate in the 401(k) Retirement Plan after 30 days of employment.

Automatic Enrollment

Jabil automatically enrolls you at 5% of your eligible compensation in the 401(k) Plan when you become eligible. Your first contribution will begin after the date shown in your eligibility letter, which is mailed to your address in Workday.

Your contributions will be invested in a Vanguard Target Retirement Fund that assumes you’ll retire when you’re age 65.

If you don’t want to participate in the 401(k) Plan, you have 30 days to opt out by contacting Merrill.

Choosing Your Own Elections

If you prefer to make your own choices, you can make your contribution and investment elections through Merrill. For 2025, you can contribute:

  • Pre-tax and/or Roth 401(k) contributions, between 1% and 75% of your eligible compensation, up to $23,500.
  • Catch-up contributions:
    • If you are age 50 or older during the calendar year, up to $7,500.
    • If you are between the ages of 60 to 63, you can contribute up to $11,250.

You elect your catch-up contributions separately from your pre-tax and/or Roth contribution, and your contributions are taken from your pay at the same time.

Contribution limits may increase each year, and they include any contributions you or a previous employer may have already made for the year. You’re 100% vested in (own a right to) both your own contributions and Jabil’s contributions.

To take full advantage of Jabil’s match, contribute at least 5%.

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

Rollovers

If you have a 401(k) account in another qualified plan, you can roll over those funds into the Jabil 401(k) Retirement Plan anytime by contacting Merrill. You will be required to provide a copy of your distribution statement along with the rollover form.

Choosing Your Beneficiary

The 401(k) Plan requires you to designate a beneficiary, that is, the person(s) who would receive your benefits if you die. Submit your beneficiary designations to Merrill and be sure to keep this information up to date so your money is distributed how you’d like.

It’s a good idea to review your beneficiary(ies) from time to time, for example, when you:

  • Experience a life event such as marriage, birth, divorce, or death of a dependent
  • Complete your benefits open enrollment
  • Update your will or estate plan
  • Roll over a 401(k), IRA, or other account

Merrill Financial Resources

Merrill offers a wealth of information for your financial wellbeing. The online education center has tools and resources to help you be financially healthy today and tomorrow.

Any recommendations you accept through Merrill’s Advice Access will be applied to your account.