How the Plan Works

You can contribute up to 75 percent of your eligible compensation on a before-tax, Roth after-tax and/or traditional after-tax basis. Highly compensated employees (as defined by the IRS) may contribute up to 15 percent of eligible compensation on a before-tax and/or Roth after-tax basis or up to 4 percent of eligible compensation on a traditional after-tax basis. All contributions are made through convenient automatic payroll deductions.

Active Enrollment

You can access your 401(k) account at Vanguard using your current Vanguard credentials. If you are logging into Vanguard for the first time, you must register for a new account using the plan number (097573).

You can make changes to your deferral elections, investment options and/or automatic increase elections at any time. For more information about enrolling in the plan or rolling over a balance from a previous employer’s plan, contact Vanguard.

Automatic Enrollment

You will be automatically enrolled in the 401(k) plan if you don’t actively enroll, or decline to participate within 60 days of your hire date. If you’re automatically enrolled, your before-tax savings rate will be 6 percent and funds will be invested in the target retirement date fund closest to the year you will turn 65.

Automatic Increase

This service automatically increases your contribution amount each year by 1 percent up to a maximum of 15 percent. You have the flexibility to change the month of the annual increase, change the amount of the increase, or turn off the service at any time.

Before-Tax Contributions

You contribute dollars taken from your pay before taxes are calculated, which lowers your taxable income and reduces your taxes.

Before-tax contributions are subject to the IRS limit of $23,000 (for 2024) for combined before-tax and Roth after-tax employee and employer contributions, including any contributions made under a previous employer’s plan for the current year. When you turn age 50, you are eligible to make additional catch-up contributions (up to $7,500 for 2024).

When you take a qualified distribution, contributions and investment earnings are taxable.

Roth After-Tax Contributions

You contribute dollars taken from your pay after taxes are calculated, so your taxable income isn’t lowered.

Roth after-tax contributions are subject to the IRS limit of $23,000 (for 2024) for combined before-tax and Roth after-tax employee and employer contributions, including any contributions made under a previous employer’s plan for the current year. When you turn age 50, you are eligible to make additional catch-up contributions (up to $7,500 for 2024).

When you take a qualified distribution, contributions and investment earnings are not taxable.

Traditional After-Tax Contributions

You contribute dollars taken from your pay after taxes are calculated, so your taxable income isn’t lowered.

Traditional after-tax contributions are subject to the IRS limit of $69,000 (for 2024) for all combined employee and employer contributions, including any contributions made under a previous employer’s plan for the current year. Traditional after-tax contributions are not eligible for catch-up contributions.

When you take a qualified distribution, investment earnings are taxable but contributions are not. Click here for more information about traditional after-tax contributions.

Company Matching Contributions

Zebra will match 100 percent of the first 2 percent of eligible compensation you contribute and 50 percent of the next 4 percent of eligible compensation you contribute on a before-tax and/or Roth after-tax basis. To maximize the company match, consider contributing at least 6 percent.

Vesting

You are immediately vested in 100 percent of your contributions and the company matching contributions. You have access to the vested portion of your 401(k) account, subject to the rules regarding distributions.

In-Plan Conversions

The plan offers you added flexibility to manage your money with two in-plan conversion options:

  • Automatic in-plan conversion of traditional after-tax contributions to Roth after-tax
  • In-plan conversion of before-tax contributions or traditional after-tax balances to Roth after-tax

Click here for more information about in-plan conversions.

Investment Options

The plan features 25 investment options from Vanguard. You can create a custom portfolio by spreading your savings among the plan’s 13 core investment options, or select an appropriate Vanguard target retirement date fund.

Vanguard Advisory Services

Zebra also provides you with access to professional investment advice through Vanguard Advisory Services. Once you are enrolled in the 401(k) plan, you may choose from the following types of advisory services:

Vanguard Digital Advisor®

Use this online advice service to get expert investment management that can help you save for retirement—plus tackle other savings goals, knock out your debt, and more.

Vanguard Personal Advisor®

Get ongoing access to our advisors, who will manage your money and help you tackle your most complex retirement and other financial issues. Certain fees apply.

Vanguard Situational Advisor™

Set up a chat with an advisor to discuss retirement or any other financial situation that pops up.

To learn more, log in to your account at vanguard.com/retirementplans, select “Manage my money”, and then click “Advice”, or call 1-800-523-1188.