401(k) Plan
The Amgen Retirement and Savings Plan is the company’s 401(k) plan. Both you and the company make contributions to your Retirement and Savings Plan account. For help investing your money in your 401(k), go to Financial Well-being.
Your Contributions
| Type of Contribution | In 2024, You May Contribute… | …To a Maximum of… |
|---|---|---|
|
Pre-tax and/or Roth |
Up to 30% of your eligible compensation |
$23,000 |
|
Catch-up Available only if you are age 50 or older, including if you will reach age 50 by the end of the calendar year |
Up to 50% of your eligible compensation |
$7,500 |
|
After-tax Amgen does not match after-tax contributions |
Up to 30% of your eligible compensation |
$11,500 |
Amgen’s Contributions
If you defer as little as 5% of eligible compensation to your 401(k), the company contributes an additional 10%.
You are always 100% vested in your contributions and Matching contributions. Core contributions become 100% vested after three years of eligible service. A quarterly plan recordkeeping fee is paid by participants.
| Type of Contribution | Amount |
|---|---|
|
Core |
5% of your eligible compensation each pay period, even if you elect not to contribute to the plan |
|
Matching |
100% of the first 5% of your eligible compensation that you contribute to the plan |