Savings & Investment Plan
Beyond Enrollment Colgate-Palmolive’s Savings & Investment (S&I) Plan
The S&I Plan is designed to help you build income for retirement, through contributions from Colgate-Palmolive and your own savings. You can enroll or change your elections at anytime in this plan.
The Auto Enrollment feature of the S&I Plan ensures that as a new Colgate-Palmolive employee, you’re proactively set on the path to secure financial health. If you haven’t made your contribution election or opted out within 45 days from becoming eligible, you will automatically be enrolled to save a portion of your salary with a pretax deduction from your paycheck of 6%, within approximately 45 days of your eligibility date.
Contribution highlights
Employee contributions
- Employees can contribute up to 25% of eligible earnings.
- Employee contributions can be before-tax or Roth.
Catch-up contributions
- Employees can make before-tax or Roth contributions if you are age 50 or older.
Company matching contributions
Colgate-Palmolive matches a portion of the employee contributions up to 6% of eligible earnings:
- 50% - less than 5 years of service
- 75% - 5 or more years of service
Basic retirement contributions (BRC)
Colgate-Palmolive contributes to employees accounts automatically, even if the employee doesn’t contribute:
- 4% of eligible earnings: less than 10 years of service
- 5% of eligible earnings: 10 or more years of service
Success sharing account (SSA) Colgate-Palmolive may contribute between 0% and 2.5% of employees' eligible earnings annually, depending upon Company performance.
The information on this page is a general summary of the S&I Plan. If you are an intern, a member of Hill’s Union 2, or were hired before 2001, please refer to the Summary Plan Description and the “Learn more” link for specific information relevant to you.
Vesting
Vesting is ownership of your S&I Plan account values. Employees are always 100% vested in the employee contributions and SSA values. Company matching contributions and BRC values vest on the following schedule:
