Let the Savings Begin: Contribute to the Sandia 401(k) Plan
One of the best ways to build a comfortable retirement nest egg is to start saving early. We are excited to share that we can help you start saving! Beginning January 1, 2023, all student interns age 21 and older are eligible to make contributions to Sandia’s 401(k) plan, the NTESS Savings and Income Plan.
You may contribute between 2% to 75% of your eligible compensation to your 401(k) Plan account on a pretax, Roth and/or after-tax basis, up to the applicable IRS limits. You are immediately vested in your employee contributions.
If you worked for multiple employers during the year, you are responsible for monitoring the IRS annual limit for all plans in which you’ve made contributions. If you’ve worked for affiliated companies such as Honeywell, the IRS limits are applied to contributions made under all affiliated company plans combined.
Sandia does not match student intern contributions.
Enrolling and Making Changes to Your Benefits
You can enroll and make changes to your plan anytime throughout the year beginning
January 1, 2023. To elect or change contributions, visit 401k.com or call Fidelity at 800-240-4015.
It may take one to two pay cycles before your elections are reflected in your paycheck.
Sandia provides a broad range of investment options from which you can build a diversified retirement savings portfolio.
If you don’t make an investment election, your contributions will automatically be invested into the target date fund with the target date closest to when you will turn age 65.
To learn more about the target date funds and other investment options, visit 401k.com and hr.sandia.gov (search 401K investment).