Whatever stage in life you are in, it is important to consider what retirement will look like for you, even if it seems years away. The Citi Retirement Savings Plan (Plan) enables you to plan for retirement and supports you in achieving your savings goals.


In general, you are eligible* to begin contributing on your first day at Citi. If you do not make an election, Citi will automatically enroll you in the Plan at a 6% savings rate on a before-tax basis. Each year, your rate will increase by 1%.

You can change or stop your contributions at any time on My Total Compensation and Benefits.

Citi Matching Contributions

Citi matches your contributions to help you reach your retirement goals. In general, you are eligible for matching contributions after you have worked at Citi for one year. If you meet certain requirements, Citi provides an additional fixed contribution.


You are always 100% vested in your own contributions and the match; you are vested in Citi’s fixed contributions after three years of employment.

Another Way to Save

The Health Savings Account (HSA) provides another way to save for retirement. If you are enrolled in the High Deductible Plan with HSA, be sure to open your HSA so you can save on the cost of medical care. And don’t forget, you will get the added boost of Citi’s contributions to your account to help build your savings, too. Be sure to consider whether saving the funds for future health care expenses or using your balance today to offset your deductible or other eligible expenses makes the most sense for you and your family.

* Part-time employees working fewer than 20 hours per week should refer to Eligibility and Enrollment in the Retirement Savings Plan section of the Benefits Handbook for more information.

Please note: This website includes a brief summary of the basic terms of the Citi Retirement Savings Plans. If there is any conflict between this website content and the Plan document, or any written or oral communication by an individual representing the Plan, the terms of the Plan document (as interpreted by the Plan Administrator in its sole discretion) will be followed in determining your rights and benefits under the Plan.


Your Contributions

Maximize your contributions to the Plan so that you may build your savings today for a more secure tomorrow. You can begin contributing on a before-tax 401(k) and/or a Roth after-tax basis on your first day at Citi.

How Much Can I Contribute?

You can contribute up to 50% of your eligible pay, with an annual Internal Revenue Service (IRS) maximum of $23,000 for 2024. If you will be at least 50 years old in 2024, you can contribute up to $30,500 ($23,000 in regular contributions plus $7,500 in catch-up contributions).

You can also roll over an account balance from your previous employer or an IRA at any time.

Account Options

Know the difference between contributing on a before-tax or Roth after-tax basis. When you contribute before-tax dollars you pay taxes when you withdraw the money. When you contribute Roth after-tax dollars you pay taxes on your contributions today, and take your withdrawals tax-free later.

The Plan provides flexibility to contribute to both accounts if you wish to do so. You can change your contribution rate (the percentage of eligible pay you contribute to the Plan), stop your contributions, or start them again at any time.

  Before-Tax Option Roth After-Tax Option
Paycheck Contributions Before-tax After-tax
Reduces Taxable Income Now Yes No
Pay Taxes on Earnings Yes, federal and most state income taxes apply to earnings, but not until you withdraw from the account. No, taxes do not apply to earnings withdrawn in a qualified distribution.*
Pay Taxes at Distribution (e.g., when you retire) Yes, federal and most state income taxes apply to withdrawals of contributions. No, taxes do not apply to withdrawals made in a qualified distribution.*
Maximum Contribution You can contribute up to 50% of eligible pay, up to a maximum of $23,000 in 2024.**

* For Roth distributions to be tax-free, you must be at least age 59½, permanently disabled, or deceased and the distributions must occur no earlier than during the fifth taxable year after the taxable year in which you made your first contribution.

** Employees age 50 and older can make catch-up contributions (up to a maximum of $7,500 in 2024).

Understand the Value of Citi Contributions

You can determine the impact the Citi Contributions will have on your savings over time.

Choose Your Investment Direction

The Plan offers investment options for every type of investor, whether you are confident in your own abilities to manage your money or you want to leave it to the professionals. Through the Plan’s investment options, you have a choice of:

  • Target date funds (pre-diversified index funds that shift in investment mix, according to your age)
  • Index funds
  • Actively managed funds
  • The Citigroup Common Stock Fund

You can choose to invest your account balance in any of the investment funds offered, and you can change your allocation at any time. However, if you elect to transfer funds between investment options you may not make another change for the next seven calendar days (except for certain transfers to money market funds).

If you are automatically enrolled in the Plan and have not made an investment election, your contributions will be invested in the Target date funds, which are the Plan’s default investment alternative.

Need help with your investment decisions? You can speak with an AFA Investment Advisor for personalized advice by calling 1 (800) 881-3938. From the “benefits” menu, select the “401(k) Plans” option, then “Contact an Advisor Regarding Investment Advice and Financial Guidance.” AFA Investment Advisors are available 9 a.m. to 9 p.m. ET, Monday through Friday.


Citi Contributions

Citi Matching Contributions

Citi helps you save for retirement. In addition to your own contributions, Citi matches contributions to your account, allowing you to build your savings faster.

You are eligible for Matching Contributions on the first of the month after you have worked at Citi for one year:

  • Citi contributes $1 for each $1 that you contribute to the Plan, up to a maximum of 6% of your annual eligible pay. This means that if you contribute 6% or more, for every $6 you contribute, you will have a total of $12 to invest (up to IRS maximum limits) to help make the most of your savings potential.
  • Citi’s contributions are posted annually to your account. You are always 100% vested in Citi’s Matching Contributions and you will keep these funds if you leave Citi for any reason.

Citi Fixed Contributions

If you are a full-time or part-time employee who is immediately eligible to participate in the Plan, you may be eligible for a Fixed Contribution starting the first of the month following the month in which you attain one year of continuous employment as an eligible employee. For additional eligibility rules, visit the Benefits Handbook.

Here is how the Fixed Contribution works, if you are eligible:

  • A Fixed Contribution of up to 2% of eligible pay will be made to the accounts of eligible participants after the end of the year; for example, this year's contribution would be contributed to your account next year; contributions will generally be posted by the end of the first quarter.
  • You must be employed by Citi or on an authorized leave of absence on December 31 of the Plan Year in order to receive the Fixed Contribution for such year.
  • You do not need to contribute to the Plan to receive a Fixed Contribution.
  • Your Fixed Contributions will be invested in the same investment options as your before-tax contributions.

* If you terminated employment and are subsequently rehired, you may be eligible for a Fixed Contribution based upon the eligibility requirements as determined by the Plan at the time you are rehired.


Financial Advice

No matter your financial situation, Citi offers you the following resources to assist you with your money matters.

Free Financial Advice Is Just a Phone Call Away

Did you know you can call an Alight Financial Advisors (AFA) Investment Advisor for free advice on general financial topics like budgeting, managing debt or saving for short-term goals? In fact, getting help with overall financial wellness is one of the top five reasons your colleagues call AFA. Turn to an expert today to help boost your financial well-being!

Retirement Evaluation: Are You on Track?

Each spring, you'll receive a personalized retirement evaluation from Alight Financial Advisors. This evaluation tells you how effective your current retirement savings strategy may be in helping you reach your financial goals. Based on recommendations you receive as part of the evaluation, you may want to consider adjusting your contribution and/or investment strategy.

Alight Financial Advisors (AFA) Investment Advisors

Citi offers general financial advice on balancing debt, budgeting household expenses or saving for a large purchase at no additional cost to you. Speak with an AFA Investment Advisor by calling ConnectOne at 1 (800) 881-3938. From the ConnectOne “benefits” menu, choose the “401(k) Plans” option, then “Contact an Advisor regarding Investment Advice and Financial Guidance.” AFA Investment Advisors are available 9 a.m. to 9 p.m. ET, Monday through Friday. To learn more about the services available through AFA, visit Your Benefits Resources™ through My Total Compensation and Benefits.

Citi has hired Alight Financial Advisors, LLC (AFA) to provide investment advisory services to plan participants. AFA has hired Financial Engines Advisors L.L.C. (FEA) to provide sub-advisory services. AFA is a federally registered investment advisor and wholly owned subsidiary of Alight Solutions, LLC. FEA is a federally registered investment advisor. Neither AFA nor FEA guarantee future results.

AFA Online Advice

If you are looking for personalized advice on how to strengthen your overall financial health and plan for retirement based on your age, contributions, and risk level, AFA’s online advice can help. Based on your input (which can include your investments outside the Plan), this planning software will provide a retirement forecast of your current account as well as investment and savings recommendations. Get started by accessing your Citi Retirement Savings Plan account online through Your Benefits Resources™ via My Total Compensation and Benefits.

AFA Professional Management Program

If you are looking for assistance with managing your account to help keep you on track for retirement, participate in the AFA Professional Management Program. This service provides a personalized savings and investment strategy recommendation and the ability to have your account proactively managed for you for a fee. Get started by calling an AFA Investment Advisor through ConnectOne at 1 (800) 881-3938. From the ConnectOne “benefits” menu, choose the “401(k) Plans” option, then “Contact an Advisor regarding Investment Advice and Financial Guidance.” AFA Investment Advisors are available 9 a.m. to 9 p.m. ET, Monday through Friday. Or, learn more about the Professional Management Program online by visiting Your Benefits Resources™ through My Total Compensation and Benefits.

Lipper Fund Fact Sheets

For additional investment advice, view the Fund Fact sheets, prepared by Lipper Inc., a Thomson Reuters company, by visiting My Compensation and Benefits. From the “Want to Get to Our Best in Class Vendors Fast?’ section, select the ‘Retirement Savings/401(k)’. Under the “401(k) Savings Plan” menu, select “Investments.” Then select the “Fund Performance” tab and click on any fund name to view the current Lipper page for that fund.

Alight Financial Education Center

This service is designed to provide you with financial education through the use of articles, videos, decision support tools and calculators at no cost. To access the Alight Financial Education Center, visit the Your Benefits Resources™ website through My Total Compensation and Benefits. From the “Want to Get to Our Best in Class Vendors Fast?’ section, select the ‘Retirement Savings/401(k)’. Under the “Save Well - Education” menu, select the “Financial Education Center”.



When your contributions are “vested,” you have ownership and the full right to your account balance, even after you leave Citi.

You are always 100% vested in:

  • Your own contributions
  • The Citi Matching Contribution
  • The Citi Fixed Contribution after three years of employment

Under certain limited circumstances, Citi’s Fixed Contributions will automatically vest.


Withdrawals and Loans

The Plan allows you to withdraw certain amounts from your accounts while you are still actively employed by Citi.


IRS and Plan rules specify which of your accounts are eligible for withdrawal while you are employed and under what circumstances. These withdrawals may result in taxable income and/or tax penalties to you.

Amounts are withdrawn pro-rata across all your investment options. The amounts withdrawn may only be in cash. You may wish to consult a tax adviser before taking a withdrawal from the Plan.


The Plan is designed so that your Plan accounts will be available to you at retirement or when you leave Citi. However, you may be able to borrow against your Plan accounts while you are working for Citi by taking a loan from the Plan.

The Plan Administrator will decide whether to grant the loan based on IRS and Plan rules and its decision will be final. You are required to repay any loan taken from the Plan. When you repay these loans, you repay your account with interest over a period of 12 to 60 months.

Note: Any money Citi has contributed since 2017 (for the 2016 Plan year or after) is not available for loan purposes (e.g., Citi Matching, Fixed and Transition Contributions, plus all earnings). The only money that is available for loans is the money you contribute to your account and any Citi contribution made prior to 2017.

You may wish to consult a tax adviser before borrowing from the Plan.

Think Twice Before Taking a Loan from the Plan

Citi recognizes that financial emergencies arise, but a loan from your Plan account should not necessarily be your first option when you are in need of financial assistance. A loan from your Plan account can take a bite out of your retirement savings — possibly jeopardizing the lifestyle you may envision for the future.

Citi wants you to live well and save well; that is why our loan policy ensures Citi’s Matching Contributions remain in your account to help it grow. Be sure to familiarize yourself with your debt reduction options and the effects taking a loan against your Plan account can have on your retirement savings. If you need help with managing your debt, contact AFA for guidance.