401(k) Plan

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 or older, you can make an additional $7,500 pre-tax or Roth contribution
Annual Employee Contribution Limits 2024
Age 49 and under $23,000
Age 50 and older Additional $7,500

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 2024
Age 49 and under $69,000 or 100% of your annual compensation, whichever is less
Age 50 and older Additional $7,500

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

3% of pay


2% of pay



You Contribute $4,000

Company 401(k) Match

3% of pay x 100%


2% of pay x 50%



Tenneco Contributes $3,200


Company Retirement Contribution






Tenneco Contributes $2,600


All Total Contributions for the Year

You: $4,000

Tenneco: $5,800

Total: $9,800

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. Earnings related to Roth contributions are distributed tax-free provided you withdraw them after you have been making Roth contributions to the Plan for 5 years and you are at least age 59½.
  • 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, 2022, and leave Tenneco before November 1, 2025, you will lose the value of any CRC contributions that Tenneco made on your behalf as you are not yet vested.