Qualcomm 401K Plan

Employer Summary

Description

• Pretax and post-tax roth savings through payroll deduction
• Company match of employee contribution: 100% on first $1,500, 50% on the next $1,500, 33% on next $7,500, and 10% thereafter
• 50% vested after 1 year, 100% after 2 years
• Loans available
• Fidelity, Vanguard and other Mutual Funds & Self Directed Brokerage Link
• Employee may enroll, suspend and make changes to contributions at any time

Eligibility

• All regular status employees age 18 and older

Eligibility Date

• Date of hire

Employee Contribution

• Flat dollar amount or percentage of eligible compensation (minimum 1% of salary)
• Maximum 100% of salary up to annual IRS deferral limit, and less other elective deferrals and required deductions
• Make up contributions permitted for employees age 50 and over