401(k)

What you need to know

The PayPal 401(k) Savings Plan. It’s one of the easiest ways to save pre-tax dollars for retirement—and get free money from PayPal, too! Contribute up to 50% of your eligible earnings, up to the IRS limit of $19,500. 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

With Schwab’s new Easy Enroll feature, you can enroll in the PayPal 401(k) with one click. When you first sign up, you’ll be enrolled in the Plan at 4% of your eligible compensation and invested in a target date retirement fund based on the year you plan to retire. The automatic 4% contribution allows you to take advantage of PayPal’s 4% employer match and takes the guesswork out of investing.

Two ways to enroll:

You can enroll online or with the Schwab Workplace Retirement app

Online: workplace.schwab.com App: workplace.schwab.com/mobile

Create a login using the Register Now button, then log in to your account, and click Confirm Easy Enrollment. Once you’re enrolled, you can make changes to your investment and savings elections at any time.

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 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.

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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 $6,500 (if age 50+)
  • Max out at $19,500 in 2020 (or $26,000 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.

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More ways to save for retirement

You have 3 ways to save for retirement: through pre-tax, Roth, and after-tax contributions. Take a look at how the different options compare.

Learn more about the different contribution types.

Pre-tax contributions

Roth contributions

After-tax contributions

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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