401(k)

What you need to know

The PayPal 401(k) Savings Plan. It’s one of the easiest ways to save tax-free dollars for retirement—and get free money from PayPal, too! Contribute up to 50% of your eligible earnings, up to the IRS limit of $18,500. PayPal also matches 100% of your contribution, up to 4% of your salary.

Eligible employees can participate in the plan at any time. So, it’s never too late to start contributing or increase your contributions.

New hire? You can enroll in the 401(k) plan on the Friday following your hire date.

Enroll now

  1. Go to Your Benefits ResourcesTM (YBR) (@Work | Log In).
    • Your user ID is your Social Security number. 
    • Your initial PIN is your four-digit month and date of birth. For example, if you were born on January 15, it’s 0115.
  2. Create a new PIN. Once you log in using your initial PIN, you’ll be asked to create a new one. This will act as your password, too. You may also change your user ID.
  3. Choose your investments. You have 16 investment options to choose from; each has varying degrees of potential risk and return.
  4. Designate a beneficiary. You’ll need the name and address for your beneficiaries.

You can also enroll by calling the Schwab Plan Hotline at 800-724-7526. Once you complete enrollment, you’ll receive a letter by mail or email confirming your selections. Your contributions will be deducted from the next applicable payroll cycle.

You can change your investment allocations or contribution amount at any time throughout the year.

You can typically change the investment allocations of your existing account balances, change the investment selections for future contributions, or change your beneficiary(ies) as often as you like, though changes may take time to process.

Provider contact information

Get the max match from PayPal

Get free money for doing something you should!

  • 4% company match
  • Immediate vesting
  • Catch-up contributions of up to $6,000 (if age 50+)
  • Max out at $18,500 in 2018 (or $24,500 if age 50+)
  • Contributions made each pay period from your eligible compensation

True-up feature

With the true-up feature, you always get the max match from PayPal if you contribute at least 4% of your salary, regardless of when you start contributing during the year.
 

Are Roth contributions right for you?

Traditional 401(k) vs. Roth 401(k)—both are an option to all PayPal employees. The difference comes down to how you want your contributions taxed and how you envision your lifestyle in retirement. 

Traditional 401(k)

The money that comes out of your paycheck is pre-tax, so it helps to lower your taxable income now. But you’ll pay taxes on it when you withdraw the money in retirement. 

Roth 401(k)

The money that comes out of your paycheck is on a post-tax basis, so taxes are taken out immediately. But you don’t pay taxes when you withdraw the money in retirement. You just have to leave your money in the plan for at least five years following the year of your first Roth contribution and have reached age 59½.
 

Get help with investing

“Diversify your portfolio.” “Don’t put all your eggs in one basket.” “Invest in stocks more and bonds less.” There’s a lot of advice out there when it comes to investing—whether or not it’s any good is hard to tell. Fortunately, as a PayPal employee you can get advice from the investment team at Morningstar Investment Management LLC.

Schedule a consultation

Reserve your preferred day and time online, or call the Schwab Plan Hotline at 800-724-7526, Monday through Friday, 4 a.m. to 8 p.m. Pacific Time.

Reserve now

What can an advice consultant do for you?

  • Help you determine your retirement savings goals 
  • Give you a savings and investment recommendation to help you work toward your goals
  • Walk you through key planning decisions related to your retirement goals

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