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 $20,500. PayPal also matches 100% of your contribution, up to 4% of your salary.

New for 2022!

New plan enhancements include the elimination of the plan’s after-tax contribution for highly compensated employees (HCE) and a streamlined catch-up contribution process. For details about these two new enhancements, review the recent communication from Schwab.

Have questions? Contact Schwab’s Participant Services line for assistance (see contact information below).

Read now

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? Typically, you can enroll in the 401(k) within 7-10 days of your hire date, or as soon as administratively possible after Schwab completes your account profile set-up. You’ll receive a welcome communication from Schwab with instructions on how to login after your profile is set up in the Schwab system.

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.

Three ways to enroll

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.

If you have assets in a qualified retirement plan with a previous employer, several options may be available to help you manage an additional retirement account. For more information about rollovers, call Schwab’s Plan Hotline.

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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 $20,500 in 2022 (or $27,000 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. For more details on PayPal’s matching, review the 401(k) guide.

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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 and annual limits by reviewing the 401(k) Guide.

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 6 p.m. Pacific Time. Once you are logged in to your Schwab account, click on the Advice tab, then select Schedule an Appointment with an Advice Consultant.

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

Prefer to do it yourself?

The Schwab Personal Choice Retirement Account® (PCRA) provides people like you—knowledgeable investors—with even more investment options. It's designed to give you more investment flexibility, increased diversification, and allow you to play a greater role in managing your PayPal 401(k) Savings plan investments. Read the PCRA Fact Sheet, which explains where to go to access your account, open a PCRA, and manage your PCRA once established. You can also watch an on-demand webcast about the PCRA option.

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Think big picture when it comes to your finances

Did you know that Schwab offers live and on-demand webinars to help you address your finances during these challenging times? Visit schwab.com/yourmoney to view on-demand content at your convenience or register for live webcasts.

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For additional information read the plan documents.

401(k) plan documents