Overview

Xerox is committed to supporting your financial wellbeing — today and tomorrow. The Xerox 401(k) Plan helps you prepare for retirement by offering an easy, tax-advantaged way to save for your future financial needs.

Key advantages

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Company match of $0.50 on the dollar up to 6% of eligible earnings.

In March 2021, Xerox announced a temporary suspension of the company's matching contribution to the 401(k) Savings Plan for the entire 2021 plan year, and its intention to resume matching contributions for the 2022 plan year (which would be contributed in early 2023).

You can enroll or make changes at any time throughout the year

Tax-deferred investment growth

Wide range of investment options

Convenient payroll deductions

Manage your account
  • Enroll in the plan.
  • Check your balance.
  • Change your contribution rate.
  • Manage your investments.
  • Update your beneficiary.
  • Use planning tools and calculators.
  • Access forms and documents.

Visit the Xerox 401(k) Savings Plan website or call the Xerox Retirement Service Center at 1.833.608.2886.

 

Your Contributions

You may contribute a percentage of your eligible pay to your plan account, up to annual IRS limits, which are updated each year. The 2022 IRS limits allow you to contribute up to:

  • $20,500 if you are under age 50
  • $27,000 if you’re age 50 or older this year (which includes an additional $6,500 in catch-up contributions)
Catch up!

It’s not too late to make up for lost time. If you’ll be 50 or older this year, take advantage of the opportunity to contribute up to an additional $6,500 in 2022.

 

Company Contributions

Note: In March 2021, Xerox announced a temporary suspension of the company's matching contribution to the 401(k) Savings Plan for the entire 2021 plan year, and its intention to resume matching contributions for the 2022 plan year (which would be contributed in early 2023).

When you contribute, Xerox does too! To support your retirement saving efforts, Xerox matches 50% of your contributions to the plan, up to 6% of your eligible pay.

Here’s how the company match works:

401k

Matching contributions are deposited into your savings plan annually in January (match for 2022 will be posted in January 2023). You are eligible to receive the matching contribution if you are an active employee on December 31 of the calendar year.

Meet the match!

Are you making your money work as hard as you do? Try to contribute at least 6% to take full advantage of the match — otherwise, you’re leaving free money on the table.

 

Name a Beneficiary

It's important to designate a beneficiary to receive the value of your 401(k) account in the event of your death. As personal circumstances change, be sure to keep that information up-to-date. To add or update beneficiary(ies):

Visit the Xerox 401(k) Savings Plan website or call the Xerox Retirement Service Center at 1.833.608.2886.

 

Review Your Investment Mix

Your investment mix consists of the funds you choose for your investments. This is an excellent opportunity to review your current investment mix and access the tools provided to see if you are on track to reach your goals. If you decide to make changes, you may consider reallocating your current balance, changing how your contributions will be invested going forward, or both. To review or change your investment mix:

Visit the Xerox 401(k) Savings Plan website or call the Xerox Retirement Service Center at 1.833.608.2886.