Rivian’s 401(k) plan recordkeeper changed from Empower to Fidelity effective January 1, 2026. If you haven’t already, you can create an account with Fidelity to review your retirement plan. You can review your past statements and account details with Empower.
Highlights
- Enroll to participate from the day you join Rivian. Opt out or change your contributions at any time.
- Receive a 50% company match on up to 4% of your eligible income. For example, when you contribute 4% or more of your pay, Rivian will contribute a maximum of 2% in employer matching contributions. The employer match is immediately vested.
- Contribute a fixed dollar amount each pay period or a percentage of your eligible income: up to $24,500 if you are under 50, $32,500 if age 50-59 or 64+, or $35,750 if ages 60-63 for 2026.
- Choose from a wide range of investment options.
- Designate a beneficiary for your 401(k) savings.
Contribution options
Your payroll contributions will generally appear in your Fidelity account the Wednesday following the pay date—or Thursday, if there is a holiday during that period. You can make two types of contributions to your 401(k), allowing you to choose when to pay taxes on your contributions and earnings.
Pretax contributions
Your contributions come out of your pay before taxes, so you have more take-home pay than you would if you saved the same amount on an after-tax basis. However, all pretax contributions and earnings are subject to income tax when you make a withdrawal in the future.
This may be a good option if you expect to be in a lower tax bracket after you retire, or if you want to pay lower taxes now by reducing your current taxable income.
Roth contributions
Your contributions come out of your pay on an after-tax basis. You’ll have a little less in your paycheck than you would if you contributed the same amount on a pretax basis. You won’t pay taxes on the value of your contributions or any investment earnings, as long as it has been five years since your first Roth contribution and you are at least age 59½ or disabled when you make a withdrawal.
This may be a good option if you expect to be in a higher tax bracket in retirement, or if you are young and have more time to accumulate tax-free earnings.
Previous employer 401(k) rollover
You can consolidate your retirement accounts by rolling over a previous employer’s qualified retirement plan to your Rivian 401(k). You can log into your Fidelity account, click Accounts & Benefits > Explore rollovers, which gives additional information on how to move money in and out of the plan.
SECURE 2.0’s new Roth catch-up contribution rule
Starting in 2026, employees turning age 50 or older earning more than $145,000 in FICA wages in the previous year must designate any catch-up contributions permitted under workplace savings plans as Roth contributions.
Who is impacted? Participants with FICA wages over $145,000 in the prior year must make their catch-up contribution on a Roth basis; Rivian will make catch-up contributions as Roth on your behalf.
Who is not impacted? Participants with FICA wages $145,000 or less in the prior year can make their catch-up contributions as either pre-tax or Roth. New hires who have no income from Rivian for the preceding calendar year are not subject to the Roth requirement.
Where can I find my FICA wages? You’ll need to check your Form W-2 Box 3 wages from the prior year to see if you crossed the $145,000 threshold.
What action must I take? No action is required; if you meet the above criteria, Rivian will make applicable catch-up contributions as Roth on your behalf. It is a great time to talk to a financial or tax advisor about how Roth Catch-up can impact your retirement investing plan, and you can view or make changes to your contributions at any time by logging into www.myrivian401k.com. Please note that the $145,000 threshold will be indexed annually.
