THE GOLDMAN SACHS 401(K) PLAN Contribution & Employer Match

How THE GOLDMAN SACHS GROUP, INC. Supports Your Retirement Savings

THE GOLDMAN SACHS GROUP, INC. provides retirement savings benefits through THE GOLDMAN SACHS 401(K) PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

THE GOLDMAN SACHS 401(K) PLAN Contribution & Match Policy

1. Employee Contributions:

   • Participants can make pre-tax and Roth (after-tax) contributions each year from their 401(k) Compensation.
   • The plan also allows participants to roll over amounts from other qualified retirement arrangements.
   • Contributions can be directed into various investment options, including mutual funds, collective trusts, separately managed accounts, and a bank deposit account.

2. Employer Contributions & Match:

   • Matching Contributions: As of January 1, 2022, the plan provides a dollar-for-dollar match on participants\\\’ elective deferrals up to 6% of Safe Harbor Compensation, with a maximum match of $12,500.
   • Fixed Contributions: For participants with Safe Harbor Compensation under $125,000, the firm contributes an additional 2% of Safe Harbor Compensation.
   • Additional Retirement Contributions: The firm allocates an Additional Retirement Contribution of up to $4,000 to each eligible participant\\\’s account.
   • Prior to January 1, 2022, the plan offered a Safe Harbor Matching Contribution up to 4% of Safe Harbor Compensation, with a Supplemental Contribution to make up any difference if 4% was less than $6,000 (capped at 4% of Safe Harbor Compensation, with some exceptions).

3. Vesting and Eligibility:

   • Participants direct their contributions and the firm’s contributions into various investment options offered by the plan.
   • The plan is administered by the Retirement Committee and the Administrative Committee, with Callan LLC serving as the investment adviser.
   • Alight Solutions is the plan’s record keeper.

4. Roth 401(k):

   • The plan allows participants to make Roth (after-tax) contributions as part of their elective deferrals.
   • These contributions are eligible for the same employer match and firm contributions as pre-tax contributions.
   • Investment options for Roth 401(k) contributions are the same as for other contributions.

Investment Limitations:

• Participants can invest in the Stock Fund, which mainly consists of the firm’s common stock, but no more than 20% of any contribution can be allocated to this fund.
• Reallocating into the Stock Fund is also capped at 20% of the total investment balance.
• Transfers into or out of the Stock Fund are restricted during certain periods to comply with securities laws.