Being ready for retirement is an important part of financial wellness. The key to success is to start saving now.
The Lucid Motors 401(k) Plan, administered by Fidelity, offers a variety of investment options. You may enroll in the 401(k) plan, designate beneficiaries, and allocate your asset distribution at any time. You do not need to wait for annual enrollment to make contribution changes.
In 2025, you may contribute up to the IRS maximum of $23,500 to either a traditional or Roth 401(k). If you are age 50 or over, you can make “catch-up” contributions up to the IRS limit.
| IRS Contribution Retirement Plan Limits | 2025 Tax Year |
|---|---|
| 401(k) Elective Salary Deferral Limit | $23,500 |
| “Age 50+” Catch-Up Limit | $7,500 |
| Age 60, 61, 62 & 63” Catch-Up Limit | $11,250 |
Company Match: Lucid will match your 401(k) contribution at 50%, up to first 4% of your salary and annual performance bonus (“Eligible Pay”).
You have two options for your 401(k) contributions, a Traditional 401(k) and a Roth 401(k). To choose the right one for you, it’s important to know how the plans differ.
| Consider the Traditional 401(k) if: | Consider a Roth 401(k) if: |
|---|---|
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