The Federal Reserve’s Retirement Plan helps employees secure their financial future by providing an additional retirement benefit that is 100% employer funded.
The Thrift Plan (401k) provides a convenient way to save and invest for retirement. Eligible employees can defer a portion of their paycheck, pre-tax, up to the specified annual IRS limits. In addition, the Bank has a generous matching program that allows employees to receive:
- Matching contributions of up to 6% of eligible compensation
- An annual company contribution of 1% of eligible compensation, whether or not the employee makes their own contributions.