Diverse couple walking along sidewalk

401(k) & Catch-up Contributions

The Bank offers a 401(k) Retirement Plan to help you save for retirement through Vanguard.

You can make two types of contributions:

  • Pre-Tax Contributions – Amounts you contribute and any investment earnings are not taxed until you withdraw the money after you retire.
  • Roth After-Tax Contributions – Your contributions are taxed as regular income in the year you make the contributions. Future withdrawals of your contributions and investment earnings occur tax-free. To help you decide whether Roth contributions are right for you, visit the easy-to-use tool at www.vanguard.com/rothfeature.

You can contribute through automatic payroll deductions, up to the IRS annual maximums outline in the table at right.

You can choose from a variety of investment options that meet your personal investment goals. Your contributions and any investment earnings are immediately vested, which means they belong to you and you can take them with you if you leave the Bank.

Did You Know Apple Bank makes matching contributions?

Apple Bank will match 100% of the first 3% of your contributions and 50% of the next 2% of your contributions, for a total of up to 4%.

Apple Bank’s Contribution to Your 401(k)
401(k) Plan Employee Contribution % Apple Bank’s 401(k) Company Match %
1.0% 1.0%
2.0% 2.0%
3.0% 3.0%
4.0% 3.5%
5.0% 4.0%
IRS MAXIMUM CONTRIBUTION LIMITS
Pre-tax IRS Maximum Contribution Limits
Benefit 2026
401(k) Traditional & Roth (combined) $24,500
401(k) Traditional & Roth
Catch-Up (combined)
– Age 50-59, or 64 or older		 $8,000
401(k) Traditional & Roth
Catch-Up (combined) – Age 60-63		 $11,250
SECURE 2.0 allows for a higher catch-up contribution limit for employees aged 60-63 who participate in these plans.
– SECURE 2.0 catch-up limit (ages 60-63) = $11,250 
ROTH AFTER-TAX CONTRIBUTIONS
The 401(k) plan at Apple Bank for Savings includes an option that lets you pay taxes today and take tax-free income in retirement.
If you think your income tax rate will be higher in retirement than it is now, consider the Roth after-tax contributions plan feature. This is money that’s taxed before you put it in the plan.
By paying the taxes up-front, you can take out your Roth savings plus any earnings tax-free – if you are at least age 59 ½ and you made your first Roth contribution at least five years before your first withdrawal.
Mandatory Roth: Employees aged 50+ who earn more than $145k in FICA earnings in 2025 can ONLY make Roth catch-up contributions (post tax) in 2026 (applies to wages earned with Apple Bank – excludes new hires).
To help you decide whether Roth contributions are right for you, visit the easy-to-use tool at vanguard.com/rothfeature.
HOW TO CHANGE OR STOP 401(K) CONTRIBUTIONS
Please contact Vanguard at:
Document Library