Caterpillar offers a 401(k) Plan that allows you to save for retirement through pretax or Roth after-tax contributions, company matching contributions and an annual employer contribution. Our administrator, Alight, offers saving tools to assist you in making the right investment decisions, and you have a wide variety of investment option from which to choose. You’ll receive a packet from the Caterpillar Benefits Center soon after your hire date with all of the details.

Naming a Beneficiary

Be sure to name your beneficiaries when you enroll in the 401(k) Plan. You can make changes to your beneficiary elections at any time through

401(k) Plan Highlights

The following chart provides a quick summary of the Caterpillar 401(k) Plan. See the Summary Plan Description for additional information.

401k Highlights

How to Enroll / Enrollment is Automatic

You can enroll in the 401(k) Plan as soon as you are set up in Alight’s system (usually within 7 – 10 days from your date of hire).

To encourage you to save for retirement, Caterpillar will automatically enroll you in the 401(k) Plan within 30 days of your hire date. We will deduct 6% of your base pay and 6% of your incentive pay on a pretax basis. Your funds will be invested in the Target Retirement Fund nearest to your 65th birthday.

In addition, we’ll automatically increase your contribution by 1% each year until it reaches 15%.

If you would like to make a different election or opt out of these automatic elections, call the Caterpillar Benefits Center or visit