APTIV SALARIED 401(K) PLAN
Taking steps to ensure your current and future financial security is an important part of your overall wellbeing. The Salaried 401(k) Plan helps you prepare for retirement by offering an easy, tax-advantaged way to save for your future financial needs, while generous contributions from Aptiv make it easier to save more for retirement.
If you are eligible to participate in the 401(k) Plan, you may begin to contribute immediately when you begin working at Aptiv. To enroll, log on to NetBenefits or by calling 877.389.2374.
Aptiv’s Contributions
Company Match
When you contribute to the 401(k) Plan, Aptiv will also make matching contributions to the account. You’re eligible to start receiving matching contributions immediately, as long as you are contributing to your 401(k).
Aptiv will match 50% of the first 7% of your Eligible Salary that you contribute to the 401(k) Plan as a Pre-Tax Contribution or Roth 401(k) Contribution (excluding any amount characterized as a Catch-Up Contribution). After-Tax Contributions are not eligible for matching contributions.
To be eligible for the 3.5% maximum Company Matching Contribution, you must contribute at least 7% of your Eligible Salary. Although you do not receive an Aptiv Matching Contribution on amounts you contribute above 7% of your Eligible Salary, every additional percentage you contribute can add up over the years for your retirement. The Aptiv Matching Contribution is made each pay period, so it’s important that you contribute at least 7% of your Eligible Salary each pay period to maximize your match.
Non-Elective Contribution
For employees hired before 1/1/2026, in addition to the company match, Aptiv will also make a non-elective contribution each pay period to your Plan account equal to 4% of your monthly base salary, incentive compensation, sales incentive, and any merit-related recognition award, whether or not you contribute to the Plan.
Aptiv Contributions Breakdown |
|---|
| Automatic Aptiv Non-Elective Contribution: 4% |
| Aptiv Matching Contribution (up to 3.5%): 50% of your own contributions, up to 7% employee contribution |
| = Total Aptiv Contribution: up to 7.5% |
Example based on an employee with an eligible salary of $60,000: | |||
|---|---|---|---|
Employee Contributions | Company Contributions | ||
Percent of pay contributed | 7% | Company Match | $175 (50% of first 7%) |
Monthly Contribution | $350 | Monthly Non-Elective Contribution for employees hired before 1/1/2026 | $200 (4% of eligible salary) |
Total Annual Employee Contribution (7%) | $4,200 | Total Annual Matching Contribution (7.5%) | $4,500 |
Total Annual 401(k) Contribution = $8,700 | |||
What is an Eligible Salary?
“Eligible Salary” refers to your regular base salary, Recognition Awards, and any U.S. Annual Incentive Pay payable under Corporation policy for the period that you are eligible to make contributions to the 401(k) Plan. Eligible Salary does not include commissions, drawing accounts, overtime, and night-shift premiums, seven-day operation premiums and any other special payments, fees, allowances, and back-pay awards. Eligible Salary does not include distributions from a deferred compensation plan, amounts realized from the exercise of a non-qualified stock option or when restricted stock becomes transferable, amounts realized from the disposition of stock acquired under a qualified stock option, disability payments and other amounts that may receive special tax benefits.
Contribution Limits and Types
You can contribute up to 60% of your eligible pay on a Pre-Tax, Roth 401(k), or After-Tax basis, up to annual IRS limits.
If you have reached age 50, you can make an additional "catch-up" contribution each pay period, up to a total of $8,000 in catch-up contributions in 2026. Starting in 2026, if you are age 60 – 63, your “catch-up” contribution is $11,250.
Starting in 2026, employees turning age 50 or older earning more than $150,000* in FICA wages in the previous year must make any “catch-up” contributions permitted under a plan as after-tax Roth contributions.
*Indexed annually
Pre-Tax Contributions
Your “Pre-Tax Contributions” to the 401(k) Plan are made on a before-tax basis. These contributions come from your Eligible Salary before federal (and most state and local) income taxes, but not before FICA taxes (Social Security and Medicare).
Pre-Tax Contributions give you an immediate tax advantage by reducing the amount of pay on which your income taxes are based, so you currently pay less income tax. You pay taxes on your Pre-Tax Contributions, and on their associated investment earnings, only when you receive them as a distribution from the 401(k) Plan.
Roth 401(k) Contributions
Roth 401(k) Contributions come from your Eligible Salary on an after-tax basis. You do not save on current taxes when you make a Roth 401(k) Contribution, but under existing tax law, if certain requirements are met, Roth 401(k) Contributions and their associated investment earnings are not taxable when you receive them as a qualified distribution. A qualified distribution is generally a distribution that has been made five years from the first of the year in which the first Roth contribution was made, and one of the following conditions are met: age 59½, disability, or death.
After-Tax Contributions
After-Tax Contributions are not subject to the same annual IRS limit as Pre-Tax Contributions and Roth 401(k) Contributions. While After-Tax Contributions are similar to Roth 401(k) Contributions in that they are made on an after-tax basis, any earnings attributable to After-Tax Contributions are subject to income tax when distributed in the future.
Catch-up Contributions
If you are age 50 or older, or you will reach age 50 during the Plan Year, you are eligible to make Catch-Up Contributions each year. You may make Catch-Up Contributions to the 401(k) Plan in addition to your Regular Contributions and/or Roth Contributions. Catch-Up Contributions require a separate election. In order to make a Catch-Up Contribution in 2026 you must contribute at least $24,500. You may then contribute an additional $8,000 as a Catch-Up Contribution. You are able to view the amount of your Contributions, including Catch-Up Contributions, by logging on to NetBenefits.
Investment Options
To help you meet your investment goals, the 401(k) Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The many investment options available through the Plan include conservative, moderately conservative, and aggressive funds. A complete description of the Plan's investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available on NetBenefits.
The investment options include Retirement Date Portfolio(s)—a simple approach designed to help you meet your future financial goals. With Retirement Date Portfolios, the investment mix of stocks and bonds automatically becomes more conservative as the target retirement date approaches. Choose the fund that represents your anticipated year of retirement. For example, if you want to retire in 2065, you would select the corresponding fund for that year.
If you don’t choose investment options, your 401(k) contributions will be invested in the Retirement Date Portfolio with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65.
Retirement Date Portfolios (target date funds) are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.
Vesting
You are immediately 100% vested in your contributions and Aptiv’s contributions to your 401(k) Plan account.
Loans
Although the primary purpose of the 401(k) Plan is to help you save for retirement, if you are an active employee (including an employee on a paid leave of absence) you may borrow money from the amount accumulated in your 401(k) Plan Account to help you meet financial needs. You may request a loan for any reason, with a minimum loan amount of $1,000. The maximum amount you can borrow is the lesser of:
- 50% of your vested account balance; or
- $50,000 less your highest outstanding loan balances in the preceding 12 months.
You may have up to three outstanding loans at any one time but can only take one loan per calendar year. Only one loan can be a primary residence loan and you will be required to provide additional documentation for such a loan.
A $50 fee is charged for each new loan, and they are repaid through payroll deductions. A general loan must be paid back to the 401(k) Plan within five years, and a primary residence loan must be paid back to the 401(k) Plan within 10 years.
Missed payments may result in your loan being defaulted.
You may request a loan by contacting the Fidelity Benefits Center by logging on to NetBenefits or by calling 877.389.2374.
Withdrawals
Withdrawals from your 401(k) Plan account while you are still employed at Aptiv are allowed only under specific circumstances. If you take a withdrawal while you are still employed, it may be subject to an additional 10% excise tax in addition to regular income taxes.
Withdrawals of Rollover Amounts and After-Tax Contributions
You may withdraw any portion of your account attributable to Rollover Contributions and After-Tax Contributions. You must take a distribution of your After-Tax Contributions before any other in-service withdrawals.
Hardship Withdrawals
You may withdraw your own Pre-Tax Contributions and/or Roth 401(k) Contributions, including earnings, from your account to meet a financial hardship. The amount of your hardship withdrawal cannot exceed the amount necessary to relieve your immediate and heavy financial need. Aptiv Matching Contributions and Aptiv Retirement Contributions are also eligible for hardship withdrawals.
You may not take more than one hardship withdrawal in any calendar year. Approval of the 401(k) Plan Committee, or its designee, is required.
Hardship withdrawals are not eligible for rollover to another qualified retirement plan or IRA.
When You May Take a Hardship Withdrawal
The IRS requires you to meet specific conditions of financial hardship to withdraw funds from your Account. You cannot withdraw more than the amount required to meet the financial need. Hardship withdrawals are not allowed to alleviate credit card debt or to meet everyday living expenses.
Financial hardship withdrawals are allowed to:
- Pay expenses directly related to the purchase of your principal residence (excluding mortgage payments);
- Prevent eviction from or mortgage foreclosure on your principal residence;
- Pay for qualifying unforeseen repairs of damage to your principal residence provided such expenses qualify as deductible casualty expense;
- Pay medical expenses for you, your spouse, your dependents, or your primary Beneficiary;
- Pay tuition, related educational fees and room and board for 12 months of post-secondary education for you, your spouse, your children, your dependents, or your primary Beneficiary; or
- Pay burial or funeral expenses for your deceased parent, spouse, child, dependents and/or primary Beneficiary.
You can start the process by logging on to NetBenefits or by contacting the Fidelity Benefits Center at 877.389.2374.
Withdrawals After Age 59½
If you are age 59½ or older, you may withdraw all or a portion of your Account attributable to your Regular Contributions and Roth Contributions and the related earnings.
When You Are Eligible for a Distribution
When your employment with Aptiv (and all related companies) ends for any reason, you are eligible to take a distribution from your Account. Your termination date is the date that your employment is officially severed.
You may view your payment options by logging on to NetBenefits or by calling the Fidelity Benefits Center at 877.389.2374 to discuss your rollover payment options with a Customer Service Representative.
Contacts | |
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| Retirement Savings | Fidelity Benefits Center 877.389.2374 www.netbenefits.com Mobile app: NetBenefits |