MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN Contribution & Employer Match

How MICROSOFT CORPORATION Supports Your Retirement Savings

MICROSOFT CORPORATION provides retirement savings benefits through MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

MICROSOFT CORPORATION SAVINGS PLUS 401K PLAN Contribution & Match Policy

1. Employee Contribution Rates: Participants may contribute up to 65 percent of their eligible compensation per pay period, with maximum annual limits of $20,500 for 2022 and $19,500 for 2021, plus additional catch-up contributions for those age 50 or older.

2. Employer Match/Contribution Conditions: The employer matches $0.50 for every $1.00 contributed for most employers, and $0.25 for every $1.00 for inXile and Double Fine, up to 50 percent of the maximum annual IRS contribution limit.

3. Vesting Schedule/Eligibility: Participants are fully vested in Plan accounts at all times. Eligibility requires being a regular or retail services employee on U.S. payroll and at least 18 years old.

4. Roth 401(k) Contribution: Yes, the plan allows Roth 401(k) contributions.

5. It allows after tax non-Roth 401(k) contribution and in-Plan Roth conversion. Thus it allows MBDR or Mega Back Door Roth conversion.