All SpaceX employees (regular, temporary, and interns) who are over the age of 18 are eligible to join the 401(k) Retirement Savings Plan on the date of hire. You can make pre-tax and/or Roth 401(k) contributions to your 401(k), up to an annual maximum of $23,000 for 2024. If you are age 50 or older in 2024, you can make additional “catch-up” contribution of $7,500 during the year you are 50 years old. Currently, there are no company matching contributions. You are always 100% vested in your participant contributions and may choose from a variety of investment options.

 

Your contributions will be automatically deducted from your paycheck and deposited into your account. You direct the investment of your account balance in your Plan. You may transfer existing assets among investment options on a daily basis through the web or by telephone.

 

You may change the contribution rate to the Plan anytime you would like. To change your contribution rate, you must go online to www.401k.com. The change will be effective the following month. If you have had Fidelity in the past, you will be able to use your old login information: otherwise, you will need to register as a first-time user.

 

You can go online to www.401k.com anytime to view information, access tools or make changes to your account. You may also call Fidelity directly at (800) 835-5095. Personal account statements are available online at www.401k.com within 15 business days of the end of each quarter.