When it comes to your financial well-being, H&R Block is focused on helping you save — now and for the future.

H&R Block offers associates working in the U.S. the opportunity to save for retirement through the H&R Block Retirement Savings Plan (RSP), a 401(k) plan administered by Fidelity.

  • All U.S. regular associates will be automatically enrolled in the H&R Block Retirement Savings Plan, also known as the 401(k) plan.
  • You will be enrolled at a 5% salary deferral rate effective the first of the month following or coincident with 90 days of employment.
  • H&R Block provides a $1 for $1 company match to your contributions — up to 5% of your total eligible compensation!
How the H&R Block Retirement Savings Plan Works
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Pre-tax or Roth after-tax contributions

You can contribute a portion of your compensation, up to the IRS maximum of $19,500, on either a pre-tax or Roth after-tax basis (or a combination of the two). If you are age 50 or over, you may contribute up to an additional $6,500.

Company Match

H&R Block currently provides a Company Match of $1 for each $1 you contribute, up to 5% of your total annual eligible compensation. All Company Match funds are deposited into a pre-tax account.

100% vested

All of your contributions and the Company Matching Contributions are always 100% vested.

Investment options

This plan offers you the opportunity to select from several different investment options for your account. These options include mutual funds and an individual self-directed brokerage account.

Rollovers

Rollovers of eligible funds are allowed into your 401(k) account from certain other qualified plans.

How Do Roth After-Tax Contributions Work?

When you contribute to the RSP on a Roth after-tax basis, the money goes into your plan account after taxes are withheld.

In exchange for paying taxes now, both your contributions AND any earnings can be withdrawn tax-free in retirement, provided you meet two requirements for earnings:

  • At least five years have elapsed since your first Roth contribution.
  • You are at least age 59½ or the withdrawal follows death or total disability.
Access Your Account and Other Resources

Fidelity’s comprehensive website, NetBenefits provides a number of educational resources that can help. With NetBenefits, you can:

  • Find historical investment option performance, articles about the financial markets and information about any new legislation affecting 401(k) plans and retirement accounts.
  • Check out interactive tools and calculators to help you determine savings goals, and order prospectuses for the plan’s mutual fund options.
  • Access self-paced workshops that provide tools and information you need to help make the most of the RSP. They are entirely self-directed so you can learn at any time and at your own pace.