Nike offers a highly competitive retirement plan. Retirement plans vary by geographic region. A detailed summary of all of the ways in which employees can save for retirement is provided during our on-boarding process. But here are some specifics regarding the U.S. Retirement Savings Plan:
401(k) Before Tax Account
- Defer 1-50% of pay on a pre-tax basis
- Nike Match: 100% on the first 5% you contribute
- Match is invested in Nike Stock.
- Match is immediately 100% vested when contributed
Profit Sharing Retirement Plan
Each year, Nike's Board of Directors determines the contribution amount (if any) based on Nike's annual financial performance. It is fully funded and invested by Nike. Generally, employees are eligible after completing 1,000 or more hours of service during one fiscal year of employment. Nike's fiscal year is from June 1 to May 31.