Your News Corp 401(k) Savings Plan
Save some of your income now towards reliable savings towards retirement.
401(k) Savings Plan Overview
Our leading edge 401k plan is an easy way to use part of your income now towards reliable savings later. We help you access low cost, high quality investment options from best in class institutional funds.
Plan Highlights are:
|News Corp 401(k) Savings Plan|
|Company Match||100% of the first 1% and 50% of the following 5% for a total of 3.5% matching contribution|
|Non-Elective Employer Contribution||Whether you participate or not, all employees receive 2% of their compensation into the 401(k)|
|Tax Deferred Earnings||Whether your contribute in pre-tax dollars or via post-tax Roth contributions – your earnings are not taxed while they grow|
|Resources to help you maximize savings||We utilize a full suite of Fidelity’s tools to help ensure you achieve your retirement goals.|
Partner with us to ensure your security. Get started with free money.
Once you join the company, you can enroll in the 401k plan at any time.* If you don’t take any action within 30 days, you’re automatically enrolled with a 3% contribution rate. If you decide not to contribute, you’ll still receive a 2% non-elective contribution (meaning you get it without doing anything). The more you contribute; the higher the match you will receive. Contribute at least 6% and you’ll receive up to a 3.5% matching contribution for a full 5.5% of your eligible salary into the 401(k).
* Full-time employees begin contributing right away; part-time employees contribute after meeting certain requirements.
Strategize your savings to fit wherever you are in life.
- 20s-30s—time to start contributing and make sure to maximize the match. Elect the annual increase program and use target date funds.
- 40s-50s—do an annual check-up to re-evaluate your investments and figure out how much money you’ll need in retirement. Opt to increase contributions, or if you’re in your 50s use Catch-Up contributions to save more.
- 60s—focus on retirement. Continue your contributions and save as much as you can using Catch-Up. Learn more about the right investment “risk level” for this stage of your life and start thinking about draw-down solutions.
Not sure where to start? Get guidance at Fidelity Investments – . Log onto Fidelity to start managing your contributions.
Don’t wait until the end of your career to save.
Start with a small amount that grows over time.
Create a budget at Fidelity’s MyMoney Checkup.