Intel Employee Benefits

How Do I Maximize My Intel Employee Benefits in 2024?

As your career evolves at Intel, your salary increases and stock awards compound. Your benefits can help you realize financial security when leveraged correctly.

We know how busy you are and value your time. We help you optimize your equity compensation, reduce taxes, and plan for your long-term goals.

Stock Awards

Intel Restricted Stock Units

Leverage your RSUs. For many employees, stock awards can be a significant portion of total compensation. These awards come in the form of Restricted Stock Units (RSUs). These RSUs become available to you as they vest over time. As the stock shares vest, you are taxed at ordinary income tax rates based on the total value of the vesting shares of stock. Do you typically keep your shares once they vest?

Intel 401(k) and Mega Backdoor Roth

In 2024, you can contribute up $23,000 on a pre–tax or Roth basis into your 401(k), and if you’re age 50 or older, you can contribute an additional $7,500 for a total of $30,500.

Intel will match up to 7% of your salary.*

Contribution Matching

For example, if you make $200,000, Intel will contribute $14,000 (pre-tax) to your 401(k), assuming you contribute at least $14,000, as well. We encourage you to make the most of Intel’s offer before utilizing any other benefits available to you.

*Important note: The Intel matching rate of 7% only applies to your 2024 contributions.

After-Tax Contributions and Mega Backdoor Roth Conversion

Fully leverage your Intel 401(k) and contribute after-tax dollars using the Mega Backdoor Roth provision.

This benefit is also known as the after-tax Roth conversion. This feature allows you to make additional after-tax contributions to your 401(k) and convert these contributions to Roth dollars.

In 2024, the IRS federal limits for 401(k) contributions are:

• $69,000 for individuals under 50.
• $76,500 for individuals 50 and over.

BrokerageLink Option

Diversify your portfolio. BrokerageLink is one of 24 options within your Intel 401(k) plan. This option gives you access to thousands of additional mutual funds not available with the standard plan, including funds managed by Vanguard, PIMCO, and Eaton Vance. Why does this matter? For starters, it allows you to invest in asset classes that would otherwise be unavailable to you in your standard 401(k). This can allow you to increase the diversification of your investments within your 401(k), which may potentially create opportunities to achieve greater long–term returns.

Sustainable Investing

Align your investments with your values. Sustainable Investing, also known as Socially Responsible Investing (SRI), means incorporating Environmental, Social, and Governance (ESG) criteria into the investment selection process. Essentially, it allows you to invest in a way that aligns with your values without necessarily compromising diversification or returns. You can access hundreds of SRI mutual funds and ETFs through BrokerageLink. These options allow you to create a sustainable portfolio within your 401(k).

SERPLUS: Intel’s Deferred Compensation Plan

Reduce your tax bill by thousands! SERPLUS, Intel’s deferred compensation plan, is available to grade Level 10 employees and above.

SERPLUS allows you to save a significant amount of money on taxes by reducing the amount of your taxable income. It works similarly to a pre–tax 401(k) plan, and any dollars you contribute can then be invested for growth and used down the road during your retirement. If you are eligible for this benefit, you can defer up to 60% of your salary and 75% of any bonus or commissions.

Employee Stock Purchase Plan

Purchase stock at a discounted price.

Another fantastic benefit at Intel is the Employee Stock Purchase Plan (ESPP). Twice a year Intel allows you buy up to 10% of your earnings (base compensation, quarterly profit bonus, annual profit bonus, and commissions) in Intel stock at a 15% discount through a payroll deduction. The enrollment period for this benefit only happens in January and July.

Other Benefits