NIKE, Inc. 401(k) match: 5% max
401(k) Savings and Profit Sharing Plan for Employees of NIKE, Inc. · NKE · CIK 320187
Maximum employer match, as a share of pay
5%
NIKE, Inc. matches 100% (dollar-for-dollar) of the first 5% of pay.
From the Form 11-K filed November 21, 2025 ↗, covering the plan year ended May 31, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · what the plan reports to the DOL · how it compares · what to do next
What NIKE puts in, and what the plan costs
What NIKE put into the plan, per active participant
$3,849
NIKE, Inc. put $3,849 into this plan for each of its 36,539 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
NIKE put in more per active participant than 70% of plans with 5,000+ participants in wholesale trade. The middle plan in that group of 100 reported $2,549. Wholesale trade comes from business code 424990, which NIKE entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much NIKE pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended May 31, 2025, EIN 930584541, plan 001 · DOL EFAST2 ↗
The $3,849 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. NIKE, Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $2,475 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What NIKE puts in
$2,475
a year, at a $49,500 salary.
The match paragraph, word for word
“Additionally, the Company will match participant pre-tax and Roth contributions at a rate of 100 percent of the first 5 percent of the participant’s eligible pay that is contributed to their account. The Company match follows participants’ fund selections. One of the available investment choices is the NIKE stock fund. No more than 10 percent of a participant’s deferral and corresponding match can go into the NIKE stock fund”
What you contribute to collect all of it
Contribute at least 5% of your pay to collect the full match.
That is $2,475 a year at a $49,500 salary, and it scales with your own.
Vesting score
100 out of 100
How fast the employer’s money becomes yours. Higher than 48% of the 253 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 100%, 100%, 100%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants in the 401(k) portion of the Plan are immediately vested in their elective, rollover, and Company matching contributions, plus actual earnings thereon. The Company’s contributions into the profit sharing portion of the Plan vest at 25 percent per year after completing two years of service, and vests 25 percent for each additional year of service until fully vested after five years. Participants in the profit sharing portion of the Plan become fully vested in the Company’s contributions in the event of total and permanent disability, death, attainment of 65 years of age, or termination of the Plan.”
The match starts with the job. This is a filed term, and it does not move the score above.
Eligibility, word for word
“All employees, except those barred by specific scenarios disclosed within the Plan, are eligible to participate in the 401(k) portion of the Plan on the first day of employment, and receive related matching contributions. These eligible employees may receive profit sharing contributions on the first day of the Plan fiscal year coinciding with or immediately preceding completion of one year of employment with at least 1,000 hours of service if they are employed by the Company on the last day of the Plan year.”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
38th percentile
$42.98 per participant in plan-paid administrative cost, cheaper than 62% of plans with 5,000+ participants.
What is NIKE's 401(k) match formula?
NIKE's 401(k) employer match tops out at 5% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 100% (dollar-for-dollar) of the first 5% of pay |
|---|---|
| Maximum employer match | 5% of compensation |
| Conditions | Match applies to pre-tax and Roth contributions and follows participants' fund selections; no more than 10 percent of a participant's deferral and corresponding match can go into the NIKE stock fund |
| Other employer contribution | Profit sharing contributions for eligible employees, receivable on the first day of the Plan fiscal year coinciding with or immediately preceding completion of one year of employment with at least 1,000 hours of service, if employed by the Company on the last day of the Plan year; amount not stated in the filing |
At a $90,000 salary, contributing 5% ($4,500) earns the full employer match of $4,500 for the year.
What the filing says, word for word
“Additionally, the Company will match participant pre-tax and Roth contributions at a rate of 100 percent of the first 5 percent of the participant’s eligible pay that is contributed to their account. The Company match follows participants’ fund selections. One of the available investment choices is the NIKE stock fund. No more than 10 percent of a participant’s deferral and corresponding match can go into the NIKE stock fund”
Source: Form 11-K filed November 21, 2025, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is NIKE's 401(k) vesting schedule?
NIKE vests the employer match immediately: 100% is yours as soon as it is paid in. Nothing is forfeited when you leave, which is not true of the two schedules that vest over time.
| Employer match vesting | Immediate: employer match is 100% vested when contributed |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Profit sharing contributions vest 25 percent per year after completing two years of service (25% at 2 years, 50% at 3, 75% at 4, 100% after 5 years); full vesting on total and permanent disability, death, attainment of age 65, or termination of the Plan |
Vesting, word for word
“Participants in the 401(k) portion of the Plan are immediately vested in their elective, rollover, and Company matching contributions, plus actual earnings thereon. The Company’s contributions into the profit sharing portion of the Plan vest at 25 percent per year after completing two years of service, and vests 25 percent for each additional year of service until fully vested after five years. Participants in the profit sharing portion of the Plan become fully vested in the Company’s contributions in the event of total and permanent disability, death, attainment of 65 years of age, or termination of the Plan.”
Source: Form 11-K filed November 21, 2025, SEC EDGAR · SEC ↗
Who can join NIKE's 401(k), and is enrollment automatic?
NIKE's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | First day of employment for the 401(k) portion, except employees barred by specific scenarios disclosed within the Plan |
|---|---|
| Match eligibility | Matching contributions from the first day of employment, alongside 401(k) eligibility |
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“All employees, except those barred by specific scenarios disclosed within the Plan, are eligible to participate in the 401(k) portion of the Plan on the first day of employment, and receive related matching contributions. These eligible employees may receive profit sharing contributions on the first day of the Plan fiscal year coinciding with or immediately preceding completion of one year of employment with at least 1,000 hours of service if they are employed by the Company on the last day of the Plan year.”
Source: Form 11-K filed November 21, 2025, SEC EDGAR · SEC ↗
What does the NIKE plan report on Form 5500?
The NIKE plan reported $5.9B in assets and 48,889 participants for plan year 2024.
| Total plan assets | $5,896,318,452 |
|---|---|
| Participants | 48,889 |
| Recordkeeper | The Northern Trust Company (Trustee); Fidelity Workplace Services, LLC (Recordkeeper); Fidelity Management Trust Company (Custodian Of Self-Directed Brokerage Assets) |
| Plan-paid admin cost per participant | $42.98 |
How that cost compares
This plan pays $42.98 per participant. The median across plans in wholesale trade is $149.72, from the 3,304 of 3,490 whose Form 5500 yields a per-participant cost.
How does NIKE's 401(k) match compare?
NIKE, Inc.'s maximum 401(k) match of 5% of pay compares with a median of 4.5% across the 181 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in wholesale trade, two land near NIKE's maximum match and one vests on the same schedule.
Maximum match 5% of pay. Also in wholesale trade.
Maximum match 6% of pay. Also in wholesale trade.
Maximum match 4% of pay. Also in wholesale trade.
Maximum match 5% of pay, level with NIKE.
Maximum match 5% of pay, level with NIKE.
Employer match vests immediately. Vests immediately too, like NIKE.
What can you do next?
Check your own balance and contribution rate at Fidelity NetBenefits ↗, the recordkeeper this plan reports.
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed November 21, 2025, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
- Download this data (CSV)
Formula, vesting and source references for this company, one file.
Questions this filing answers
What is NIKE, Inc.'s 401(k) match?
NIKE, Inc. matches 100% of employee contributions up to 5% of eligible pay (plan year ended May 31, 2025).
When does the NIKE, Inc. 401(k) match vest?
Immediate: employer match is 100% vested when contributed.
Does NIKE, Inc.'s 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Cite: 401(k) Monitor, “NIKE, Inc. 401(k) plan facts”, from SEC Form 11-K accession 0000320187-25-000111, plan year ended 2025-05-31.