401(k) Plan
To help you reach your long-term financial goals, CF Industries partners with Fidelity to offer you a 401(k) Plan. If you do nothing, CF auto enrolls you in the program at 3% contribution.
Eligibility
You are eligible to participate in our 401(k) Plan 60 days after your date of hire. Your eligible earnings include base pay, scheduled overtime, shift differentials and Annual Incentive Plan (AIP) or Variable Incentive Plan (VIP) payouts.
Employee Contributions
- For 2024, you may save up to $23,000 to your 401(k).
- If you are or will be 50 or older in 2024, you may save an additional catch-up contribution of $7,500.
- Contribute up to 75% of eligible earnings on a combined pre-tax, after-tax or Roth basis.
- You may save a percentage of your eligible earnings as pre-tax, traditional after-tax or as Roth 401(k) contributions (or any combinations of these).
Company Contributions
The Company matches 100%, dollar for dollar, up to the first 6% of your contributions. If you aren’t contributing at least 6% to your 401(k), you are leaving free money on the table!
In addition to this, CF also contributes to your retirement savings through an automatic annual company contribution. The annual contribution is equal to a percentage of your eligible earnings, and no action is necessary to receive this benefit. After the end of the calendar year, employees who have been with the Company through December 31 will receive their contribution via deposit to their Fidelity account during the first quarter.
Vesting
You are always vested in your own 401(k) contributions. You are 100% vested in Company contributions after two years of service, which means the Company contributions are 100% vested in company matching contributions after two years of service, and after three years in automatic company contributions.
Rollover Information
You may transfer — or roll over — money from another employer’s qualified plan (or an IRA specifically intended to facilitate a rollover) into the CF Industries Holdings, Inc. 401(k) Plan.
To arrange a rollover, contact Fidelity to find out more about a Qualified Rollover.