Through the 401(k) Plan, you and Tenneco partner to build a solid financial foundation for your life after work.
The 401(k) Plan lets you save and build investment earnings on a pre-tax basis. The Plan features three types of account contributions:
- Team Member Contributions
- Company Matching Contributions
- Company Retirement Contributions (CRC)
Team Member Contributions
You can elect to contribute from 1% to 75% of your eligible pay, up to the annual IRS limit (see chart below).
- You can contribute on a pre-tax and/or Roth basis and change your contribution at any time
- Maximize the company contribution by contributing at least 5% of your eligible pay
- If you are age 50 to 59, or age 64 or older, you can make an additional $8,000 pre-tax or Roth contribution
- If you are age 60 to 63, you can make an additional $11,250 pre-tax or Roth contribution
- Team members earning over $145,000 in 2025 must make any catch-up contributions as Roth contributions
| Annual Team Member Contribution Limits | 2026 |
|---|---|
|
Age 49 and under |
$24,500 |
|
Age 50 to 59 |
Additional $8,000 |
|
Age 60 to 63 |
Additional $11,250 |
|
Age 64 and older |
Additional $8,000 |
Vesting: You are always 100% vested in your own contributions.
New Team Members You can begin contributing to the plan after you receive your first paycheck. If you don’t elect a specific contribution, you will be automatically enrolled at a 3% pre-tax contribution level after 60 days.
Company Matching Contributions
Immediately after you contribute to the plan on a pre-tax and/or Roth basis, Tenneco begins matching your contributions as follows:
- 100% of the first 3% of eligible pay you contribute, PLUS
- 50% of the next 2% of eligible pay you contribute.
Vesting: You are always 100% vested in the company matching contributions.
Get the full match
To take full advantage of Tenneco matching contributions, be sure to contribute at least 5% of your eligible pay.
Company Retirement Contribution (CRC)
Eligible team members can receive a Company Retirement Contribution (CRC) after 1 year of service, regardless of whether you make your own contributions. The CRC is a percentage of your eligible pay based on your age as of the end of the pay period, as shown below.
| Your Age | Company Retirement Contribution (CRC) Percentage of eligible pay |
|---|---|
| Under 40 | 2.50% |
| 40-44 | 2.75% |
| 45-49 | 3.00% |
| 50-54 | 3.25% |
| 55-59 | 3.50% |
| 60 or older | 4.00% |
Vesting Eligible team members become vested in the CRC after 3 years of service. If you leave Tenneco before reaching 3 years of service, you’ll lose the value of any CRC contributions you’ve received.
Overall Contribution Limits The IRS places an annual limit on the total annual contributions to your 401(k) Investment Plan account, including your contributions, company matching contributions and the CRC:
| Annual Total Contribution Limits | 2026 |
|---|---|
|
Age 49 and under |
$72,000 or 100% of your annual compensation, whichever is less |
|
Age 50 to 59 |
Additional $8,000 |
|
Age 60 to 63 |
Additional $11,250 |
|
Age 64 and older |
Additional $8,000 |
Example: One Year of Contributions
Let’s say you’re age 50, earn $80,000 annually, contribute 5% of pay (or $4,000) in 401(k) savings and are eligible for the CRC. Here’s how your account would grow during the year (not including any investment earnings).
| Your 401(k) Savings | ||||
|---|---|---|---|---|
|
$2,400 |
+ |
$1,600 |
= |
$4,000 |
|
You Contribute $4,000 |
||||
| Company 401(k) Match | ||||
|---|---|---|---|---|
|
$2,400 |
+ |
$800 |
= |
$3,200 |
| Tenneco Contributes $3,200 | ||||
| Company Retirement Contribution | ||||
|---|---|---|---|---|
|
$80,000 |
x |
3.25% |
= |
$2,600 |
|
Tenneco Contributes $2,600 |
||||
|
All Total Contributions for the Year
|
Key Terms
- Eligible pay includes base pay, overtime, vacation and holiday pay. Excludes bonus, awards and severance.
- Pre-tax contributions are not subject to federal income tax (and most state income taxes). This results in lower taxes for the year. You postpone paying taxes on these contributions and related earnings until you take a distribution from the Plan.
- Roth contributions are made after-tax, so you don’t get the upfront tax break you get on pre-tax contributions. But qualified distributions and investment earnings, if any, are tax-free when you make a withdrawal if you:
- Are at least 59 ½ years old at the time you make a withdrawal, and
- Have had the account for at least five years.
- Vesting means you “own” the company contributions in your account. For team member and company match contributions, you are immediately 100% vested, and these contributions are immediately owned by you. But for the CRC contributions, if you terminate from Tenneco before you are vested, you’ll lose the value of the contributions.
For example, if you were hired on November 1, 2023, and leave Tenneco before November 1, 2026, you will lose the value of any CRC contributions that Tenneco made on your behalf as you are not yet vested.