Lawrence Livermore National Laboratory



LLNS 401(k) Plan

Retirement savings

LLNS offers employees the opportunity to enroll in a tax-deferred 401(k) plan to supplement the lifetime annuity benefit. [The Tax-Deferred 401(k) Plan is described under Section 401(k) of the Internal Revenue Code.] A future benefit from this plan is based on participants' voluntary contributions plus earnings. An employer contribution is added for eligible TCP2 participants. Vesting is immediate for all contributions. Fidelity Investments is the designated administrator and record keeper of the 401(k) plan, and provides all account services. You may consider consulting a tax advisor or financial planner before enrolling.

401(K) Retirement Plan (TCP2)

  • LLNS offers eligible employees in TCP2 the opportunity to enroll in a tax-deferred 401(k) Retirement Plan, which includes a Company Match and Service Based Contribution, to help provide financial stability in retirement. [The Tax-Deferred 401(k) Plan is described under Section 401(k) of the Internal Revenue Code.] A future benefit from this plan is based on participants' voluntary contributions plus employer contributions plus earnings; vesting is immediate.
  • Summary Plan Description
  • Summary Annual Report
  • IRS Form 5500 401(k) Retirement Plan

401(k) Savings Plan (TCP1)

IRS Limits

The annual employee contribution limit in 2016 will remain at $18,000 (combined for pre-tax and Roth). In addition, employees age 50 or older as of December 31, 2016 will be able to contribute an extra $6,000 by making a separate catch-up contribution election.

The maximum annual total contribution in 2016 including all employee contributions and employer matching and service based contributions will remain $53,000 (excluding catch-up contributions). The employee compensation that can be considered in calculating contributions to defined contribution plans remain at $265,000.

Fidelity Netbenefits