Whether you picture your retirement as restful and relaxing or filled with travel and hobbies, planning and saving are critical for your future financial security. The Illumina 401(k) Plan, which includes a company matching contribution, can help you meet your retirement goals. The plan is administered by Fidelity.
You can contribute to the 401(k) Plan from your paycheck on a pre-tax or post-tax Roth basis, up to the IRS annual maximum.
Be sure to contribute at least 6% of your eligible pay to take advantage of Illumina’s matching contribution.
Illumina makes a matching contribution of 50% of your first 6% pre-tax or post-tax Roth contribution (maximum match of 3% of your eligible pay).
If you are actively employed on the last calendar day of the year, a true-up match is also made to ensure that you get the maximum match regardless of the timing of your contributions.
You can choose from a variety of investment fund options, including target date funds and self-directed brokerage, depending on your risk tolerance, financial goals, and level of involvement. You can change your investment choices at any time.
When you join Illumina, you will be automatically enrolled to contribute 2% of your eligible pay pre-tax, but you are encouraged to save at least 6% to take advantage of Illumina’s matching contribution.
You will receive details about your automatic contributions 30 days before payroll deductions are scheduled to begin. You can opt out of the plan before your first contribution is deducted from your pay.
Make sure your savings go to your loved ones in the event of your death. Log in to your 401(k) account to name or update your beneficiary at any time. Keeping this information current ensures your wishes are honored and helps make the process smoother for your designee.
If you want to move money into your Illumina 401(k) from a previous retirement plan, it’s easy to start. Just log in to 401k.com, and choose “Explore rollovers” from the Accounts and Benefits menu. You’ll find helpful instructions and learn about your options along the way.
If you are age 50-59, or age 64 or older, you can make an additional catch-up contribution up to $7,500 for 2026. If you are age 60 to 63, you can contribute even more in catch-up contributions, up to $11,250 for 2026 (an additional $3,750).
Starting in 2026, if you earned more than $145,000 the previous year, your catch-up contributions must be made as Roth after-tax per IRS rules. This applies only to catch-up contributions and not your regular 401(k) contributions.
This website provides an overview of the benefit plans and programs available to eligible Illumina, Inc. employees. It is intended for informational purposes only and does not create any contractual rights or entitlements. If there is any discrepancy between the information on this site and the official plan documents or insurance contracts, the plan documents or contracts will govern. Illumina, Inc. reserves the right to add, delete or change any of the benefit programs at any time, for any reason, subject to applicable law.