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401(k) Plan
Where can I find out more information about the 401(k)?
Read the 401(k) page in the Benefits eGuide.
Who is eligible to participate in the 401(k)?
Employees can participate in the 401(k) on the first of the month after 60 days of employment.
Do I need to enroll in the 401(k)?
Yes, you need to enroll to participate in the 401(k). Once you’re eligible, click here to enroll.
How much can I contribute to the 401(k)?
For 2023, the contribution limit is $22,500. The 2024 contribution limit is $23,000. If you are age 50 or older, you can contribute an additional $7,500.
Is there a company match? If yes, what is it?
Hertz will match the first 3% you contribute dollar-for-dollar (at 100%), and then match 50 cents per dollar on the next 2% you contribute. This means if you are eligible and contribute at least 5%, you will receive a matching contribution equal to 4% of your eligible compensation. All matching contributions are immediately vested.
What are my investment options?
Once you’re eligible, click here to log in and learn more about your investment options.