401(k) Retirement Plan

Plan Overview

Whether you are just starting your career or retirement is on the horizon, invest in your future with our Fidelity 401(k) plan. Contributions can be deducted pre- or post-tax from each paycheck, and the amount can be changed at any time during the year.

401(k) Pre-Tax and After-Tax
Retirement Account Comparisons

Questions	Pre-Tax	Roth	After-Tax with In-Plan Roth Conversion
Are contributions taxed?	No	Yes	Yes
Are distributions taxed?	Yes	No	No
Are contributions matched?	Yes	Yes	No
Are earnings taxed when distributed?	Yes	No	No
*Annual limits for employees under age 50**	$23,500		Combined Limit for All Contribution Types: $70,000
*Annual limits for employees age 50 and over**	$31,000		Combined Limit for All Contribution Types: $77,500
Discretionary Company Match	8×8 matches employee pre-tax and/or ROTH contributions dollar for dollar on the first $1,500, and 50 cents on each dollar after that up to a total annual company matching contribution of $3,000. All contributions are immediately 100% vested and belong to you. Be sure to contribute at least $4,500 in pre-tax and/or Roth to get the full company match.

*New Hires: In an effort to limit over-contributions, we ask that you complete, sign, and date the 401k Year-to-Date Contribution Form indicating the amount of pre-tax and Roth contributions you have made to one or more 401(k) plans year-to-date prior to joining the 8×8 Inc.

Important!
In Plan Roth Conversion

If you are participating in after-tax contributions, once the funds are in your 401(k) account for the first time, call Fidelity at (800) 557-1900 to initiate the Roth conversion. Tell the Fidelity Operator you would like to be added to “Automatic Roth Conversions” and all After Tax deposits will be automatically converted to Roth in the future. You only have to do this once, but it’s incredibly important so that you don’t have unfavorable tax treatment on these contributions.

401(k) Automatic Deferral

If you don’t enroll and elect your deferral amounts within 30 days of hire you will automatically be enrolled at 5% pre-tax deferral.

Contact Fidelity

Member Services
(800) 294-4015
Visit Website

Financial Advice

You have access to one-on-one financial and investment advice through our partnership with SageView Financial at no cost to you.

Contact Eric Weissman at
(650) 446-3790 or
eweissman@sageviewadvisory.com.