You can do this—and Cisco helps you get started.

Here’s the deal.

The Cisco 401(k) is designed to help you achieve financial freedom. And with Cisco’s match, your 401(k) contributions are doubled automatically, up to the first 4.5% of eligible pay you contribute. That’s like getting free money. But you have to enroll to get it.

Cisco helps you save for retirement.

A 401(k) helps you save and invest for the future through convenient, tax-deferred payroll contributions. The result: your money has the potential to grow more than it might if you saved in a taxable account. Plus, Cisco helps you save by matching your 401(k) contributions dollar-for-dollar, up to 4.5% of your eligible pay. So if you contribute 6%, Cisco will add 4.5%. That’s almost 11% of your pay in one year going toward your future.

The 401(k) is easy to use.

You contribute to the 401(k) right from your paycheck, helping you put away some of your money before you have the chance to spend it. You can make pretax contributions, Roth 401(k) contributions, or a combination of the two, as long as you contribute no more than the annual IRS limit ($22,500 in 2023). Here’s how they work to help you save.

Pretax

Get the Cisco match—and potentially lower your tax bracket at the same time.

Made before taxes, so it costs you less to save.
Pay taxes when you withdraw contributions and any earnings.

Roth 401(k)

Get the Cisco match—and potentially have tax-free dollars to take out later.

Made after taxes.
No taxes when you withdraw contributions and any earnings, if eligible.¹
In general, the younger you are when you start making Roth 401(k) contributions, the more you may benefit. You also may benefit if you expect your income tax rate to be higher in the future.

¹ In general, Roth distributions are federally tax-free and penalty free when withdrawn at least five years from the first day of the year in which you made your first Roth contribution and one of the following conditions is met: age 59½, disability or death.