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 $23,000 for 2024
  • Catch-up contributions if you are age 50 or older during the calendar year, up to $7,500 for 2024

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

You’ll find investment election information at Merrill.

Automatic enrollment

  • If you don’t want to participate in the Plan, contact Merrill 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.

To receive the maximum available match, contribute at least 5%. You’re 100% vested in (own a right to) both your own contributions and Jabil’s contributions.

Contribution limits may increase each year, and they include any contributions you or a previous employer may have already made for the year.

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