Thread regarding Chevron Corp. layoffs

Set your 401k contributions to 2% if you are taking EOI but more retired yet

Saw the following post on thread and it make sense:

“Contribute to my pre-tax 401k up to the match: $11,750 then stop (Meta will match 100%)
Max out my after-tax. Ideally you could contribute $46,750 ($70k - $11,750 - $11,750) but Meta caps this at $34,750.

New Company:
I still have $11,750 that I can contribute to pre-tax to get as much of the offered match as I can.
Then you can use the rest of the space to max out the after-tax as much as they let you, up to $58,250 ($70,000 - $11,750 - Match).”

by Anonymous
| 1551 views | | 4 replies (last February 13, 2025) | Reply
Post ID: @OP+1jkw8qmn1
Comment! It's anonymous!

4 replies (most recent on top)

How about HSA contributions? Can we increase the maximum limit before leaving in April/May/June?

by Anonymous
| | Reply
Post ID: @hf+1jkw8qmn1

The EOI payout does not include any 401K contributions, so this is a waste of time.
Also, the way Chevron pays its match, (not per pay check), you will not get a match when you leave. That is on purpose, and was implemented to save money when laying people off.

by Anonymous
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Post ID: @dq+1jkw8qmn1

Also the after-tax overall limit is per plan. So it restarts with new employer.

by Anonymous
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Post ID: @c2+1jkw8qmn1

The OP on Threads was working for Meta but similar principle still applies. The before tax 401k contribution limit is $23500 for 2025. Chevron is generous in the sense that you can get all company match with just 2% contribution. If one is planning to take EOI this round but not retired yet then they should preserve this before tax contributions limit towards next job for 401k matching. You can always contribute after tax and covert to Roth IRA if you want to save more now.

by Anonymous
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Post ID: @a3+1jkw8qmn1

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