Xerox is committed to supporting your financial well-being — 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
Company match of $0.50 on the dollar up to 6% of eligible earnings you contribute each calendar year on a Before-Tax and Roth basis.
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.
You may contribute a percentage of your eligible pay to your plan account, up to annual IRS limits, which are updated each year. The 2024 IRS limits allow you to contribute up to:
- $23,000 if you are under age 50
- $30,500 if you’re age 50 or older this year (which includes an additional $7,500 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 $7,500 in 2024.
When you contribute, Xerox does too! To support your retirement saving efforts, Xerox matches 50% of your Before-Tax and Roth contributions to the plan, up to 6% of your eligible pay.
Here’s how the company match works:
Matching contributions are deposited into your savings plan annually in January (match for 2024 will be posted in January 2025). 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.
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.
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.