The Activision Blizzard 401(k) Plan is a savings plan for your retirement. You will be automatically enrolled in the plan at 1% after 30 days of service (or 30 days after 6 months of service for temporary full-time employees age 21+). If you do not want to contribute to the 401(k) Plan you must change your contribution rate to 0% within 30 days of your eligibility date. Alternatively, you can contribute up to 75% of your base salary and 100% of your bonus each year, on a bi-weekly basis through payroll deductions, up to the annual IRS limit of $22,500 for 2023. If you are over age 50 you can also make additional catch-up contributions up to $7,500 in 2023. You have the option to contribute to a traditional (pre-tax) or Roth 401(k) (post-tax) plan, or some combination of the two.
Additionally, you can contribute up to $66,000 for 2023 at a maximum of 20% of your income to an After-tax 401(k) with the option of an in-plan Roth conversion!
Note: If you have made contributions to another 401(k) during the year, you will need to manage your contributions to ensure you do not exceed the IRS annual limits.
Managing Your Account
You can change your contribution percentage and investments anytime. Please refer to the Contributions Change Guide linked to the right for instructions on changing your contributions and allow for 2 payroll cycles to see the changes become effective. If you have questions about setting your contributions or which investments are best for you, you can meet with a Fidelity advisor for a complimentary advisory session. Additionally, all 401(k) participants are eligible for a complimentary advisory session with Fidelity. Login to the Fidelity Member Portal or call Fidelity at 1-800-835-5095 to make changes or set-up an advisory session.
Company Match and Vesting
Currently, the company will contribute on a discretionary basis to your savings by matching 25% of your total contribution (including the catch-up for those 50 or older) to the Traditional and/or Roth 401(k), up to the annual IRS limits. Employees are immediately 100% vested in the company match.
Note: Company contributions do not impact the annual IRS limits.
Rolllovers and Withdrawals
You can rollover part or all of an eligible rollover distribution you receive from an eligible retirement plan. An eligible retirement plan is a qualified Section 401(a), a 403(a) annuity plan, a 403(b) annuity contract, an eligible 457(b) plan maintained by a governmental employer, and an individual retirement account and individual retirement annuity; pension plans cannot be rolled into the Plan. To start a rollover, login to the Fidelity Member Portal select Quick Links> Rollovers> Start a Rollover> Rollover to Plan.
If you have a balance in your rollover contributions account, you may elect to withdrawal all or a portion of it. Generally, withdrawals are also permitted when you terminate your employment, retire, reached age 59, become permanently disabled, or have a severe financial hardship as defined by the Plan. If you apply for a financial hardship withdrawal, you must first exhaust all other assets reasonable available to you and the minimum hardship withdrawal is $500. Keep in mind that withdrawals are subject to income taxes and possible to early withdrawal penalties. You may also borrow from your account for any reason, but if you fail to repay your 401(k) loan (based on the original terms of the loan), it will be considered in default and treated as a distribution subject to income tax and possibly early withdrawal penalties.
To start a rollover, login to the Fidelity Member Portal select Quick Links> Rollovers> Start a Rollover> Rollover to Plan. To start a withdrawal, login to the Fidelity Member Portal select Quick LInks> Loans or Withdrawals> See Your Options. For additional details, review the 401(k) Summary Plan Description land the 401(k) Loan FAQ, linked to the right.
Not everyone’s a money expert. That’s okay. That’s why Fidelity created How You Money, a group of videos made to help you tackle all your money questions. Pick yours: savings, investing, debt, fundamentals, retirement and more.
A 529 Plan is a college savings plan sponsored by a state or state agency. Savings can be used for tuition, books, and other education-related expenses at most accredited two- and four-year colleges and universities, U.S. vocational-technical schools, and eligible foreign institutions.
Although contributions to the Plan are not deductible, earnings grow federal tax-free and are not taxed when the money is used to pay for eligible education expenses. To learn more and/or open an account, visit the 529 College Savings Plan Portal linked to the right.
Bank of America banking program for Activision Blizzard employees
As an employee, you have special access to resources and tools to help manage your financial wellness Click here
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Activision Blizzard has partnered with SoFi to offer their student loan refinancing solution to employees, and their family members & friends!
By refinancing a student loan (private, federal, or Parent PLUS) with SoFi, you could reduce the cost of your student loans, with a shorter term that may help you pay them down sooner, and potentially help you save money for personal goals. You could save big by locking in a lower rate by applying at https://www.sofi.com/multi/2051013/.
You can also take advantage of SoFi personal loans. When you’re paying high-interest debt, it can spiral out of control quickly-but you have the power to stop it. A SoFi Personal Loan can benefit you by making one monthly fixed-rate payment, pay no fees (just principal and interest), and get same day funding (loans between $5K - $100K). View your rate today by visiting SoFi.com/ActivisionBlizzard.
To get started, visit the SoFi website linked to the right or call 833-277-7634 or emailing your-benefits@sofi.com.
* Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and may be subject to other restrictions. Minimum loan amount of $5,000 unless required to be higher to comply with applicable law. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmls consumer access.org).
My Secure Advantage (MSA) is a comprehensive financial wellness benefit available to you at no cost! By connecting with a Money Coach and taking advantage of MSA’s digital resources, you can build a stronger and more secure future no matter where you are in your financial journey.
Money Coach
Partner with your own coach and team of qualified financial experts who will get to know your and your unique story. Together, you can create a plan that embodies your values, priorities and goals – one that works with your life.
Assessment and Action Plan
Your financial future starts with understanding where you’re at today. Complete MSA’s financial assessment to learn how stressed (or not) you’re feeling about your finances. We’ll direct you to videos, guides and other resources tailored to your needs and interests.
Private Financial Website
Online video courses, calculators, articles, legal forms and more are at your fingertips. Schedule appointments, share files and connect with your Coach on your secure website.
MSA Wallet
It’s easier than ever to budget, save and get a clear view of your finances. See all of your accounts in one place! With 24/7 visibility, you can track spending, plan for the unplanned, reduce debt and monitor your net worth. Wallet is safe and secure with bank-level security and no data mining. Learn more.
Credit & Identity Monitoring
Access your TransUnion credit score (updated every 30 days) and credit report (updated annually) right from your dashboard! It won’t hurt your credit score, and it’s confidential. You can also get 24/7 credit and identity monitoring with fraud alerts for suspicious activity.
Live Events
Enjoy monthly webinars and live forums covering virtually all areas of finance and related life events. Related worksheets and handouts are also included.
The peace of mind that comes with having a plan for your money, along with the support and guidance from a Coach is leading people to better lives every day. Ready to get started? Employees can visit the MSA website, while family members can call 888-724-2326 to activate their benefit.
Full-time and part-time regular employees are eligible to participate after 6 months of continuous employment with the Company. To ensure that you are eligible, please obtain manager and HRBP approval prior to enrolling in courses.
Employees will be reimbursed after completing the course(s) with a grade of “B” or better, up to the following amounts annually:
Regular full-time employees:
Regular part-time employees:
Click the Tuition Reimbursement Program policy for instructions on how to submit your application and request reimbursement through the HR Support Desk.
The Health Savings Account (HSA) is a personal savings account that you can contribute to pretax, and can be used to pay for eligible expenses now, or later in life. To participate in an HSA, you must be enrolled in the Collective Health CDHP only. Funds are triple tax-advantaged and can also be invested! HSA money never expires; unused amounts roll over from year-to-year.
Health Spending and Savings Accounts
1) Health Savings Accounts (HSA) are personal savings accounts that you can contribute to pretax, and can be used to pay for eligible expenses now, or later in life. To participate in an HSA, you must be enrolled in the Collective Health CDHP only. Your contributions are limited annually by the IRS (in 2022, $3,650 for employee only and $7,300 for employee + dependent, with an additional $1,000 catch-up for those over age 55), and in 2023 $3,850 for employee only and $7,750 for employee + dependent, but you are able to make changes to your contribution amount at anytime during the year. You are also eligible to receive and earn company contributions through participation in Benefits@Play. Funds rollover from year-to-year and never expire, can be invested, and are triple tax-advantaged!
2) Flexible Spending Accounts (FSA) are available to employees on all medical plans other than the Collective Health CDHP and allows you to set aside pre-tax dollars into an account to be used for eligible medical expenses. Your entire annual election amount is limited annually by the IRS (in 2023, $3,050) but is available on the first day of the plan year (even though you have not yet contributed that amount). The amount you allocate will be deducted from your paycheck on a pro-rated basis throughout the year.
Funding
Your HSA is made up of company contributions (company seed and Benefits@Play earnings) and your own contributions. Funds are available as deposited from your paycheck and the company. You can make changes to your paycheck contributions at any time through Workday. Employees over age 55 can contribute and additional $1,000 in catch-up contributions for 2023. Below are the company funding amounts that you must consider when making your contribution elections.
| Plan Type | Plan Tier | Seed | Benefits@Play Earnings |
| CDHP | Employee Only | $250 | $1,000 |
| Employee + Dependent(s) | $250 | $2,000 |
Reimbursements
You can use your HealthEquity debit card to pay for eligible expenses. Should you pay out-of-pocket at the time of service, you can submit for reimbursement through the HealthEquity Member Portal. For more information, please refer to the HSA FAQ linked to the right, or email memberservices@healthequity.com.
Rollovers
If you have funds in another HSA and would like to roll them over to your HealthEquity HSA, download the rollover form, and upload to their website once complete.
A Flexible Spending Account (FSA) is available to employees on all medical plans other than the Collective Health CDHP and allows you to set aside pre-tax dollars from your paycheck into an account to be used for eligible medical expenses. FSAs are funded by employee contributions only and are available immediately once elected. The amount you elect will be deducted from your paycheck on a pro-rated basis throughout the year.
Note: All unused funds are forfeited at the end of each calendar year and you cannot make changes to your election amount unless you experience a qualified life event and submit your changes within 30 days. You are not automatically re-enrolled in this account annually, you must re-elect this account during open enrollment or within 30 days during a qualified life event.
Reimbursements
This account is managed by HealthEquity and funded as contributions are made from your paycheck. You will receive a debit card to use for payments on eligible expenses. Should you pay out-of-pocket for an eligible expense, you can reimburse yourself through HealthEquity Member Portal. For more information, please refer to the FSA FAQ linked to the right.
The Health Reimbursement Account (HRA) is available to employees who do not have an HSA but are participating in Benefits@Play. HRA’s are fully funded by the company to help you pay for eligible medical expenses. HRA money rolls over from year-to-year while you are employed with the company. You can earn as shown below:
| Plan Type | Plan Tier | Benefits@Play Earnings |
|---|---|---|
| PPO 500, In-Network, Centivo or Kaiser | Employee Only | $500 |
| Employee + Dependent(s) | $1,000 | |
| Waive Coverage | Sweepstakes Only |
Reimbursements
You can use your HealthEquity debit card to pay for eligible expenses. Should you pay out-of-pocket at the time of service, you can submit for reimbursement through the HealthEquity Member Portal. For more information, please refer to the HRA FAQ linked to the right, or email memberservices@healthequity.com.
PayActiv is a financial wellness platform that provides an assortment of services including access to your earned wages before payday. You may access your earned wages using the PayActiv mobile app, website, or ATM (only at select locations).
With this service, you can:
Access up to 50% of your net earned unpaid wages (up to 3 transactions, not to exceed $500 in aggregate per pay period) for an ATM-like flat fee of $5 per deduction.
Accessible amount is based on your hours worked less any applicable taxes and bank deposits are available same day by 5pm EST for transactions completed by 1pm EST
The funds you access will be deducted from your next regular paycheck
There is no cost to enroll, no cost if not used, and no cost to cancel
You can use the PayActiv Prepaid Visa Card to transfer funds instantly even on weekends and federal holidays
Access other services including bill pay, savings and budgeting tools, discounts, and financial health counseling
Enrollment Options:
Online - Visit www.payactiv.com/enroll
Smartphone App - Download the PayActiv App from the Apple App Store or Google Play
By Text – Text “Enroll Me” to 1-877-937-6966
For enrollment, you will need to provide your Employee ID number, which can be found in Workday (in parenthesis next to your name).
For customer support, please call 1-877-937-6966, email support@payactiv.com or visit www.payactiv.com/help
A dependent daycare (DCA) is a flexible spending account that allows you to contribute a portion of your paycheck tax-free to pay for qualified dependent care expenses, so that you and your spouse can either work or look for work. The IRS limits annual contributions to $5,000 on income tax returns if single or married filing jointly, and $2,500 if married filing separately. You can use your DCA to pay for care for children under age 13 that you claim as dependents, as well as adults or other relatives that are incapable of caring for themselves (if you provide more than 50% of their support).
Note: There is an extended the grace period for the Dependent Care FSA.For 2023 plan year, all unused funds remaining after April 15, 2024 will be forfeited. You will have until April 30, 2023 to reimburse yourself with your 2023 funds for expenses incurred between January 1, 2023 - April 15, 2023.
You cannot make changes to your election amount unless you experience a qualified life event and submit your changes within 30 days. You are not automatically re-enrolled in this account annually, you must re-elect this account during open enrollment or within 30 days during a qualified life event.
Additionally, DCA funds are subject to IRS discrimination testing annually; thus, the IRS may determine that you are ineligible for the full $5,000 election mid-way through the year. If you are impacted by this testing you will be notified by the benefits team and your election will be automatically reduced to the amount the IRS approves.
Reimbursements
This account is managed by HealthEquity and funded as contributions are made from your paycheck. If you only have a DCA you will not receive a debit card to use for payment. Instead, all claims for reimbursement must be submitted through the HealthEquity Member Portal. If you have any other fund account (HSA, FSA, etc), you can use your debit card for payment. For more information, please refer to the DCA FAQ linked to the right, or email memberservices@healthequity.com.