Does Oracle have a 401(k) plan?
Yes. The Oracle 401(k) Savings and Investment Plan allows you to save money and invest in your choice of 28 investment options currently offered, including the Oracle stock fund. You may contribute from 1 to 40% of your gross income to the plan on a pre-tax basis, subject to applicable IRS limitations. Your deductions are automatically withheld from your paycheck through payroll deductions. You may enroll in the plan or make contribution rate changes on a semi-monthly basis. Employees may enroll in the Oracle 401(k) plan via the Fidelity website at www.401k.com. Employees may also call Fidelity directly at 800-410-2363. Does Oracle match employee contributions in the 401(k)? Yes, Oracle matches your contributions to the plan at a rate of 50% on your first 6% in contributions each paycheck, up to a plan maximum of $5,100 per year. Matching contributions vest over a four year period as follows: Years of Service Completed Amount Vested After Completion One Year 25% Two Years 50% Three Yea
