PARTNER | FIDELITY
Retirement Planning
Our Company has partnered with Fidelity to provide a robust 401(k) option for our valued employees.
Having a good financial retirement plan eliminates stress and allows you to accomplish these goals. With a strong retirement fund, your money will free you up, rather than hinder you.
Learn More About Your Retirement
Eligibility
Regular, full-time, and part-time associates of ImmunityBio are eligible to participate in the ImmunityBio, Inc. Retirement Plan on the first day of the month following one month of service. You are not eligible for the Plan if you are a temporary employee or seasonal employee. If you do not enroll in the Plan upon eligibility, you will be automatically enrolled with a contribution of 4% of your pay after a 30-day notice period. You will also be enrolled in the Automatic Increase Program, which will automatically increase the amount you defer by 1% on an annual basis until you reach the cap of 10%. If you do not want to participate, you must opt-out within the 30-day notice period.
Contribution Limits
The amount you can contribute to all designated 401(k) accounts in any one year is limited. If you have contributed toward a traditional 401(k) or Roth 401(k) with any previous employer(s) during this plan year, please make sure your contributions do not exceed the maximum for ALL accounts combined.
The IRS defines a combined maximum of $23,500 in 2025. Employees 50 years of age or older by the end of 2025 may contribute up to $31,000; and employees 60 – 63 years of age by the end of 2025 may contribute up to $34,750.
Investment Consulting
The ImmunityBio Retirement Plan offers investment counseling through the services of S.L. Reed & Company. Ken Kilpo is a financial advisor who is available to all associates for one-on-one discussions regarding 401(k) questions, asset allocation strategy, or financial planning. You may reach Ken at:
Kenneth Kilpo, AIF®
529-College Savings Plan
ImmunityBio participates in a 529-College Savings Plan offered through The American Funds. A 529 Plan is a tax-advantaged way to save for key higher education expenses, such as tuition, room and board, and required books and supplies. All associates are eligible to participate. To learn more about how saving in College America can work to your advantage, visit www.americanfunds.com/529