401(k) Plan
With Ancestry’s 401(k) plan, administered by Empower Retirement, you can save and invest for your future using pretax funds where your contributions and any earnings are tax-deferred until you withdraw the money.
All benefit eligible employees are eligible to join the 401(k) plan on the first day of employment. New employees are automatically enrolled in the 401(k) on their eligibility date with a 6% contribution amount. But you can change your contribution at any time! Within the first few weeks after your start date, you’ll receive a letter from Empower with your account information and PIN. After the close of the first payroll period following your hire date, follow these instructions to access your account and get started.
Ancestry matches 100% of the first 3% of your base salary and annual bonus that you contribute, with no annual maximum (except for IRS limits), and vests at 25% each year.
2025 401(k) Annual Contribution Limits
*This amount is evaluated annually by the IRS and is subject to change.
Ways to Contribute
It’s important to understand how your contributions can work together to help you maximize the benefits your plan provides. You can review the three ways to contribute to your plan to get a better understanding of how each type works.
*Contributions are deducted from your paycheck on either a pretax or after-tax basis in the form of Roth or after-tax contributions. Pretax contributions are taxed when withdrawn. Roth and after-tax contributions are not taxed when withdrawn.
**Earnings associated with pretax and after-tax contributions are taxed when withdrawn. However, Roth contributions may be removed from your account tax-free in the form of a qualified distribution. Roth contributions and earnings must be in your account for at least five years and the money withdrawn after you have reached age 59½, died, or been disabled for the associated earnings to be qualified. If Roth earnings are not qualified, the earnings are taxed as ordinary income and may be subject to early withdrawal penalties.
Vesting Schedule
The money that Ancestry contributes to your 401(k) is subject to a vesting schedule. This means that you have to stay with the company for a certain amount of time before the money that Ancestry contributes to your 401(k) becomes yours.
*Must meet a minimum of 1,000 hours worked in a plan year to receive a year of service. See 401(k) Summary Plan Description for additional information.
If you leave Ancestry before you’re fully vested, you will not be able to take all your matching funds with you.
Remember, money that you contribute to your 401(k) is 100% yours at all times. No vesting schedule applies to your 401(k) contributions.
CAPTRUST
“Run your numbers.” “Start a diversified retirement plan.” “Keep it simple.” There’s a lot of advice out there when it comes to planning for retirement. Wouldn’t it be nice if there were someone to help you wade through all the do’s and don’ts?
There is. CAPTRUST retirement specialists give you unbiased retirement advice that targets your best interests, not theirs. And the service is free of charge to all Ancestry employees.
Get guidance on a range of retirement topics—from deferral rates to risk profiles and everything in between—and get objective answers to your questions. With CAPTRUST, you only get retirement education and advice—no pushing products, no selling whatsoever.
Prefer to do research on your own? CAPTRUST has an online resource center with calculators and other tools to help get you started. You can also access webinars created just for Ancestry employees, and on-site sessions in Utah and San Francisco offices. And if you want truly personal attention, you can schedule individual on-site appointments or contact the dedicated advice desk.
Enjoy easy access! Use your PC, Mac, tablet, or mobile phone to access captrustadvice.com to book an appointment with a retirement counselor, attend live webinars, view archived videos, and access financial wellness information for every stage of your life.
Keep up to date, and register to receive CAPTRUST’s quarterly magazine, Vested.
Representatives from CAPTRUST also make on-site visits to Ancestry throughout the year. Ready to get started? Call 800-967-9948 anytime.
Education
Stay on track or get back on track to reaching your financial goals. Register for Empower’s monthly live webinars. Be sure to enter your employer name when registering.
Sharpen your investing skills by watching these educational videos:
Investment
- Understanding market volatility
- Employee investment advice experience
- Investment fundamentals
- Investing mistakes and how to avoid them
- Understanding your 401(k) Roth option
About Our 401(k) Plan