Who puts the money in my account?
You and Sprinklr do. You have the option to set aside money from your paycheck on a pre-tax or post-tax basis up to the annual IRS maximums each year. The Sprinklr 401(k) plan offers Pre-tax, Roth 401(k) and After-tax with conversion options. Sprinklr also provides an employer match on your contributions each year.
Important: you are automatically enrolled in the 401(k) plan with a 5% pre-tax contribution from your pay. This makes it easier to save and helps ensure you build a secure future, take advantage of tax benefits and don’t miss out on any Sprinklr’s matching contributions. Of course, you can adjust or stop your contributions at any time, if you wish.
Annual contribution limits
You can contribute from 1% to 100% of your eligible compensation to your 401(k) pre-tax, Roth 401(k), and after-tax sources, up to IRS limits.
For 2024, the maximum limits are:
- Pre-tax 401(k) & Roth 401(k) (combined): $23,000.
- Catch up contribution (age 50+): An additional $7,500.
You can also make after-tax contributions subject to annual defined contribution limits which include all of your contributions and employer matching contributions.
The plan also offers the option for in-plan conversions to a Roth IRA. Contact Fidelity to discuss in-plan conversion and forms.
Seek tax advice regarding which type of contributions may be right for you.
Employer matching contributions
Sprinklr provides an annual discretionary matching contribution to the Sprinklr 401(k) plan. Sprinklr matches 30% of your 401(k) contributions up to the first 4% of your eligible compensation. Eligible compensation for the matching contribution is defined as your regular annual earnings.
Matching contributions are calculated and added in the first quarter of the following year. You must be an active employee on the last day of the calendar year in order to receive the matching contribution for that year.
Get started today!
Register for your Fidelity account at 401k.com.
Once you’re registered, you can make updates to your contribution rate, fund options, beneficiaries, and more. You can also call 800-835-5097 to speak to a live Fidelity representative.
Please note, you are required to designate your 401(k) beneficiaries with Fidelity.