Overview

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Use the menu on the left to access helpful resources and contacts information related to the benefits described on each page.

The Nutanix 401(k) Plan helps you save for your retirement by offering you the option to contribute your own money to a traditional pre-tax or Roth 401(k).

Enrollment in the plan is automatic once you are eligible, although you can opt out or make changes any time. Visit the Fidelity website to register for online access, view your balance, choose investments and make changes to your contributions.

Key advantages:

  • Choose Roth or traditional before-tax 401(k) contributions
  • Tax-deferred investment growth
  • Range of investment choices
  • Automatic enrollment (you can opt out) and convenient payroll deductions
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What if I don’t enroll?

The Nutanix 401(k) Plan plan has an automatic enrollment feature. If the automatic enrollment feature applies to you and you do not take action, you will be automatically enrolled at 2% in the pre-tax option. You will receive a separate notification explaining when the automatic enrollment will occur.

You may change your contribution rate and investment elections at any time by calling 1-800-835-5097 or visiting the Fidelity website.

Your Contributions

You may contribute between 1% and 100% of your eligible compensation to your plan account, up to annual IRS limits. In 2019, you may contribute up to:

  • $19,000 if you are under age 50 (before tax, Roth after tax, or a combination of both). What’s the difference?
  • $25,000 if you’re age 50 or older this year (which includes an additional $6,000 in catch-up contributions).
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It’s not too late to make up for lost time. If you’ll be 50 or older this year, take advantage of the opportunity to contribute up to an additional $6,000.

Before-tax vs. Roth after-tax

The Nutanix 401(k) Plan gives you the flexibility to save for retirement in a variety of ways. You can make before tax contributions, Roth after tax contributions, or a combination of the two.

Before-Tax Contributions Roth After-Tax Contributions
  • The money goes into your Plan account before taxes are deducted, so you keep more of your take-home pay.
  • Since you don’t pay taxes at the time you contribute, you’ll owe taxes on both your contributions and any investment earnings when you withdraw your money in retirement (when you may be in a lower income tax bracket).
  • The money goes into your Plan account after taxes are withheld.
  • In exchange for paying taxes now, both your contributions and any associated earnings can be withdrawn tax-free in retirement, provided you meet two requirements:
    • At least five years have elapsed since your first Roth contribution.
    • You are at least 59½ or the withdrawal follows death or total disability.
icon Have you named a beneficiary?

It’s important to designate a beneficiary to receive the value of your Nutanix 401(k) Plan account in the event you die before beginning to receive your benefit. As personal circumstances change, be sure to keep that information up to date. Visit the Fidelity website to add or change a beneficiary.

Getting Started

Start saving for your future today — watch these short videos to learn how to get started.

Loans and Withdrawals

The money in your account is intended as a long-term investment to help you prepare for your financial needs in retirement. However, under certain circumstances, you may be able to access money from your account before reaching retirement age. For more information, visit the Fidelity website or call 1-800-835-5097.

Think Before You Act

If you’re considering taking a withdrawal or loan from your plan account, be sure to think about the impact it may have on your financial future.

  • Taking money from your account now may lead to a smaller savings balance when you retire.
  • Not only are you taking money away from your retirement savings, but the burden of repaying the loan may make it even harder to get back on track.
  • If you take a plan loan, you’ll also lose more money to taxes because the interest payments on your loan are made with money that has already been taxed, and it will be taxed again when withdrawn from your account.
  • If you withdraw before tax money from your plan account, in addition to paying current taxes on the money, you may have to pay an additional 10% penalty tax if you are younger than age 59½.

Resources

The Nutanix 401(k) Plan is administered by Fidelity, which offers a variety of helpful resources to help you reach your retirement goals.

Visit the Fidelity website to register for online access, check your balance, make changes, and find tools and resources to help you make informed saving and investment decisions and stay on track.

Call 1-800-835-5097 if you have questions or need assistance.

Investment Options

You can choose to invest your balance in one or more of a number of investment options offered through the plan. For complete information on the current fund lineup, visit the Fidelity website.

Watch this short video to learn how Fidelity BrokerageLink works.

Before investing, carefully consider the funds’ or investment options’ objectives, risks, charges, and expenses. Call 1-800-835-5097 for a prospectus and, if available, a summary prospectus, or an offering circular containing this and other information. Please read them carefully.

Investing involves risk, including the risk of loss.