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401(k) Plan (Hawaii)

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Where can I find out more information about the 401(k)?

Read the 401(k) page in the eGuide.

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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.

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I’ve been at Hertz for less than a year. When can I participate in the 401(k)?

You can participate in the 401(k) on the first of the month after 60 days of employment.

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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.

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Is there a Company match? If yes, what is it?

Hertz matches the first 3% of contributions dollar-for-dollar (at 100%), and then they’ll match 50% on the next 2% of contributions. Be sure to contribute at least 5% to take advantage of the Company match. All matching contributions will be immediately vested.

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How much do I need to contribute to get the full match?

You need to contribute at least 5% to take advantage of the Company match.

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What are my investment options?

Once you’re eligible, click here to log in and learn more about your investment options.

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How much can I contribute to the 401(k)?

For 2018, the contribution limit is $18,500. If you are age 55 or older, you can contribute an additional $6,000.

For 2019, the contribution limit is $19.000. If you are age 55 or older, you can contribute an additional $6,000.