Overview
The Nutanix 401(k) Plan helps you save for your retirement. You can contribute to the plan in the form of traditional pre-tax contributions, Roth after-tax contributions, or via an after-tax in-plan Roth conversion (also known as the Mega Roth Backdoor).
To help you meet your financial goals, Nutanix will match a portion of your contributions throughout the year (matching applies to traditional pre-tax and Roth after-tax contributions). Whether you strive for a retirement filled with world travel, home renovations, or time spent with family, your future can be even brighter with savings in your 401(k) plan. You can take advantage of several investment options and access financial planning services.
Getting Started | Your Contributions | After Tax Roth In-Plan Conversion | Matching Contributions | Investment Options | Loans and Withdrawals | Resources | Other Financial Wellbeing Resources
Highlights
Automatic enrollment.
If you don’t get a chance to enroll, we’ve got you covered—you’ll be automatically enrolled in the plan at a 5% contribution rate 45 days after your hire date. You can change your elections or opt out at any time.
Tax-deferred savings growth.
When you're enrolled, your contributions are conveniently taken through payroll deductions. Your money has the potential to grow faster, and you’ll pay less in income taxes when you make pre-tax contributions.
Matching contributions from Nutanix.
Nutanix matches 50% of what you contribute, up to $3,000 annually. (Matching applies to the traditional pre-tax and Roth after-tax contributions that you make each pay period.)
More options to save.
You can also make after-tax Roth contributions through payroll deductions, which means your contributions and any associated earnings can be withdrawn tax-free in retirement. There are two options for after-tax, the traditional Roth after-tax and the expanded after-tax in-plan Roth conversion (also known as the Mega Roth Backdoor).
Wide range of investment choices.
Choose how you want to invest your money—target date funds, individual funds, or Fidelity BrokerageLink.
Visit the Fidelity website to use the 401(k) calculator to determine how much you can save, register for online access, view your balance, choose investments, and make changes to your contributions.
Getting Started
You can begin contributing to the Nutanix 401(k) Plan as soon as you're eligible.
- Get started. After your first paycheck, you'll receive a registration request from Fidelity. Visit the Fidelity website to make your contribution elections. Your contributions will take one to two pay periods to show up in your paycheck. If you don’t select a contribution rate within your first 45 days, you’ll be automatically enrolled at a pre-tax 5% contribution rate.
- Explore the plan. Find plan documents and details, review and update how you invest your retirement savings, and access forms on the Fidelity website.
- Add beneficiaries. When you start contributing, be sure to designate a beneficiary. Your beneficiary will receive the value of your Nutanix 401(k) Plan account if you pass away. As personal circumstances change, be sure to keep your information up to date. Visit the Fidelity website to add or change a beneficiary.
Note: You must elect a beneficiary for your retirement account separately from elections for other accounts or plans—your designation does not automatically apply across plans.
Resources
Your Contributions
You may contribute 1% to 90% of your eligible compensation to your plan account, up to annual IRS limits. Your contributions may be made through pre-tax, Roth after-tax, or a combination of both types of contributions. In 2025, you may contribute up to the following amounts, based on your age:
| Pre-Tax and Roth Employee Contributions | Employee and Employer Contributions | Employee Catch-Up Contributions (in addition to the employee and employer limit) |
|
|---|---|---|---|
| Under Age 50 | $23,500 | $70,000 | N/A |
| Age 50–59 | $23,500 | $70,000 | $7,500 |
| Age 60–63 | $23,500 | $70,000 | $11,250 |
| Age 64 or older | $23,500 | $70,000 | $7,500 |
Note: The annual maximum applies across employers. If you contributed to a 401(k) plan this year with a prior employer, notify payroll via email at payroll@nutanix.com with the exact dollar amount that you've already contributed. Be sure to include all contributions, including traditional pre-tax, Roth after-tax, and any after-tax in-plan Roth conversion (also known as the Mega Roth Backdoor) contributions.
Don’t miss out on the Nutanix matching contributions!
Just by saving money of your own each payday in the 401(k) Plan, Nutanix will match 50% of your contrbituions each pay period up to $3,000 annually. (Matching applies to the traditional pre-tax and Roth after-tax contributions that you make.) Learn more.
Rollovers
If you have a balance in a former employer’s retirement plan, you may want to consider consolidating your accounts by moving your money into the Nutanix 401(k) Plan. If the account balance is $7,000 or less, you can take advantage of auto portability to streamline the process of rolling your account into the Nutanix plan when your prior plan participates in the program. For more information, go to the Fidelity website.
Student Debt Retirement Program
If student loan payments are preventing you from contributing to the 401(k) Plan, the Student Debt Retirement Program can help. This program enables you to receive the Nutanix 401(k) match based what you pay in student loan payments. You can:
- Balance paying down student loan debt today while saving for tomorrow.
- Receive the Nutanix matching contribution when you make student loan payments and are unable to contribute toward your 401(k).
- Jump start your retirement savings if you can't contribute to the 401(k) plan.
- Boost or max out the Nutanix matching contribution if you are contributing to the 401(k) plan.
Click here to learn more about the Student Debt Retirement Program.
Traditional pre-tax vs. Roth contributions: What’s the difference?
The Nutanix 401(k) Plan gives you the flexibility to save for retirement in a variety of ways. You can make pre-tax contributions, Roth contributions, or a combination of the two.
Pre-tax contributions
- The money goes into your plan account before taxes are deducted from your pay, 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).
Roth contributions
The money goes into your account after taxes are withheld from your pay. Then, both your contributions and any associated earnings can be withdrawn tax-free in retirement.*
*In order for Roth earnings to be withdrawn tax-free, you must meet these two requirements:
- At least five years have elapsed since your first Roth contribution.
- You’re at least age 59½ or the withdrawal follows death or total disability.
After Tax Roth In-plan Conversion
Through the Nutanix 401(k) Plan, you can make an after-tax in-plan Roth conversion. You can convert any dollar amount, as long as total contributions from you and Nutanix (your pre-tax contributions, Nutanix matching contributions, and your after-tax Roth contributions) does not exceed $70,000 in 2025 if you’re age 49 or younger, or $77,500 if you’re age 50 or older. This allows you to move money you have saved in the Nutanix 401(k) Plan into your after-tax in-plan Roth conversion account within the plan. A conversion like this allows you to build a potentially tax-free retirement balance by paying tax on the money you convert now and withdrawing your Roth account funds tax-free in the future.
To make an after-tax in-plan conversion, certain conditions must be met. Money that can be rolled over includes your own pre-tax contributions and money rolled in from a former employer. When you convert funds, you’ll pay income tax on the funds that you convert, but those contributions—and any investment gains from those funds—will be tax free when you retire.
To elect an after-tax in-plan Roth conversion, you can enroll in automatic conversion for your future after-tax contributions, or you can make a one-time conversion for current after-tax or pre-tax balances. Enrollment is a two-step process.
- Make your election on the Fidelity website.
- Contact Fidelity to convert your Roth contributions. If you do not complete this step by the end of the year, tax penalties may apply.
Visit the Fidelity website to learn more about an in-plan Roth conversion or call 800-835-5097 to discuss it with a Fidelity advisor.
Is an after-tax in-plan Roth conversion right for you?
- You expect to pay higher taxes in the future. If you think you’ll be in a higher tax bracket when you retire, you may consider an after-tax in-plan Roth conversion to pay lower taxes now and withdraw your funds tax-free during retirement.
- You can pay the current taxes on the conversion. Be sure you can afford to pay the current income taxes on the conversion. The amount that is taxed depends on whether you choose a one-time conversion or an automatic conversion.
- You have a long investment window. Generally, the longer your money is in a Roth account, the more you’ll benefit by converting. If you’re planning to retire in the next five years, a Roth conversion doesn’t make sense for you.
Keep in mind:
- Even though your after-tax in-plan Roth contributions have already been taxed, any earnings you receive on them have not, so you’ll have a bigger tax bill for the year of the conversion.
- After-tax in-plan Roth conversions have a five-year holding period. In exchange for the tax benefits, you cannot access your converted funds without paying a penalty for five years after your after-tax in-plan Roth conversion.
Matching Contributions
Just by contributing money of your own to the 401(k) Plan, you receive matching contributions. Nutanix matches 50% of what you contribute, up to $2,000 each year (matching applies to traditional pre-tax and Roth after-tax contributions you make). Matching occurs each payday throughout the year, until you reach the $2,000 employer maximum.
Note: Matching applies to traditional pre-tax and after-tax Roth contributions. It does not apply to after-tax in-plan conversion—aka Mega Roth Backdoor rollover elections.
Investment Options
You can choose to invest through a number of investment options through the plan, including the Fidelity BrokerageLink. Visit the Fidelity website for a complete list of investment options and to manage your investment portfolio.
There are different ways to invest your money:
- The DIY approach. Set up your contributions using the available 401(k) Plan investment options or set up a BrokerageLink account with Fidelity.
- Easy peasy. Consider the target date funds. Choose one that’s named for the year closest to when you expect to retire. The target funds are a mix of stocks, bonds, and other investments designed to optimize returns. The mix becomes more conservative as you get closer to your planned retirement year.
- The personal touch. Leverage the expertise of a Fidelity financial advisor. Connect through the Fidelity Investor Center, or call 800-835-5097 Monday–Friday, 5:30 a.m. to 5:00 p.m. PT.
Fidelity BrokerageLink
Fidelity BrokerageLink allows you to invest in a broad range of funds through Fidelity, giving you more control and more choices when it comes to investing your money. Watch the video below to learn more.
Loans and Withdrawals
The money in your account is intended to be 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 about loans and withdrawals, visit the Fidelity website or call 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 that money will be taxed again when withdrawn from your account.
- If you withdraw pre-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’re younger than age 59½.
Other Financial Wellbeing Resources
Fidelity offers other tools to help you and your family with a variety of financial wellbeing topics, as described in the table below. To learn more, go to the Fidelity website, log in, click on Plan & Learn, and then click on Plan for expected & unexpected events in life.
| Family and Home | Health and Safety | Money and Budgeting |
|---|---|---|
Navigating the college journey:
Buying or selling a home:
|
Caring for aged loved ones:
Experiencing identity theft or fraud:
Legal support:
|
Tax preparation services:
Charitable Giving:
Debt counseling services:
Short-term savings goals:
Manage spending and savings with investments:
|
To learn more, call 800-835-5097 or visit the Fidelity website.
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Contacts
Fidelity
