Philip Morris International Inc. 401(k) match: 6% max
Philip Morris International Deferred Profit-Sharing Plan · PM · CIK 1413329
Maximum employer match, as a share of pay
6%
Philip Morris International Inc. matches 100% (dollar-for-dollar) of the first 6% of pay.
From the Form 11-K filed June 29, 2026 ↗, covering the plan year ended December 31, 2025. Why filings lag
On this page: the formula, word for word · when the money becomes yours · who can join · what else the 11-K reports · how it compares · what to do next
What Philip Morris puts in, and what the plan costs
What Philip Morris puts in
$2,970
a year, at a $49,500 salary.
The match paragraph, word for word
“Match-Eligible Employees who make before-tax, Roth after-tax and/or traditional after-tax contributions for any payroll period upon their date of hire will also receive a Company Match Contribution. The Company will match the participant's before-tax contributions, Roth after-tax and traditional after-tax contributions, dollar for dollar, up to the first 6% of eligible compensation that the participant contributes for each payroll period as well as a non-elective Company Contribution upon the participants' date of hire equal to 5% of the employees eligible compensation.”
What you contribute to collect all of it
Contribute at least 6% of your pay to collect the full match.
That is $2,970 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 4% 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: 0%, 0%, 0%, 100%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“All participant contributions (including rollover contributions) plus actual earnings or losses thereon are immediately 100% vested and are nonforfeitable. Effective for participants whose employment commencement date occurs on or after January 1, 2025, all Company contributions made on behalf of such participants are subject to a three-year cliff vesting schedule. Participants who were participating in the Plan as of December 31, 2024, remain fully vested in the balance held in their Plan accounts. A participant is credited with a year of service for vesting purposes upon completion of 365 days (one year) of service.”
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
Not reported
No Form 5500 record is joined to this employer, so there is no plan-paid cost to show.
What is Philip Morris' 401(k) match formula?
Philip Morris' 401(k) employer match tops out at 6% of pay. The match is deposited each payroll. 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 6% of pay |
|---|---|
| Maximum employer match | 6% of compensation |
| Deposited | Each payroll |
| Conditions | Match applies only to Match-Eligible Employees (hired, rehired or transferred on or after January 1, 2009) and is calculated per payroll period; grandfathered employees hired by January 1, 2009 receive the Grandfathered Company Contribution instead of a match. On a Change of Control, Company Contributions for that year and two years after must be at least the lesser of the prior year's contribution percentage or 10 percent of aggregate annual compensation |
| Other employer contribution | Non-elective Company contribution of 5% of eligible compensation for Match-Eligible Employees from date of hire |
| Other employer contribution | Discretionary Company contribution for Match-Eligible Employees of 0% to 5% of eligible compensation based on the global Company score, allocated at year-end (5% for 2025) |
| Other employer contribution | Grandfathered Company Contribution for employees hired by January 1, 2009 who are not Match-Eligible, ranging from 7% to 15% of eligible compensation based on the annual business rating, allocated at year-end (15% for 2025) |
At a $60,000 salary, contributing 6% ($3,600) earns the full employer match of $3,600 for the year.
What the filing says, word for word
“Match-Eligible Employees who make before-tax, Roth after-tax and/or traditional after-tax contributions for any payroll period upon their date of hire will also receive a Company Match Contribution. The Company will match the participant's before-tax contributions, Roth after-tax and traditional after-tax contributions, dollar for dollar, up to the first 6% of eligible compensation that the participant contributes for each payroll period as well as a non-elective Company Contribution upon the participants' date of hire equal to 5% of the employees eligible compensation.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Philip Morris' 401(k) vesting schedule?
Philip Morris vests the employer match on a cliff schedule: nothing is yours until three years of service, then 100% at once. Leave a day early and the employer money goes back to the plan, the edge a three-year cliff creates.
| Employer match vesting | Cliff: 100% vested after 3 years of service |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Year of service | A year of service for vesting is credited upon completion of 365 days (one year) of service |
| Other employer contributions | The three-year cliff on Company contributions applies only to participants whose employment commenced on or after January 1, 2025; participants in the Plan as of December 31, 2024 remain fully vested in their Plan account balances |
Vesting, word for word
“All participant contributions (including rollover contributions) plus actual earnings or losses thereon are immediately 100% vested and are nonforfeitable. Effective for participants whose employment commencement date occurs on or after January 1, 2025, all Company contributions made on behalf of such participants are subject to a three-year cliff vesting schedule. Participants who were participating in the Plan as of December 31, 2024, remain fully vested in the balance held in their Plan accounts. A participant is credited with a year of service for vesting purposes upon completion of 365 days (one year) of service.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
Who can join Philip Morris' 401(k), and is enrollment automatic?
Philip Morris enrolls new hires automatically at 5% of pay.
| Plan entry | Eligible salaried U.S. employees may contribute as soon as administratively feasible after date of hire |
|---|---|
| Match eligibility | Match-Eligible Employees (hired, rehired or transferred on or after January 1, 2009) are eligible for the Company Match Contribution from their date of hire |
| Automatic enrollment | Yes: default deferral 5% of pay |
Eligibility, word for word
“Each eligible employee of the Company may make before-tax, Roth after-tax and traditional after-tax contributions to the Plan as soon as administratively feasible after a participant’s date of hire. All eligible grandfathered employees (hired by, rehired by or transferred to the Company by January 1, 2009), who are not Match-Eligible Employees, are eligible for the Company's contribution (the “Grandfathered Company Contribution”). Match-Eligible Employees (defined as employees who are hired or rehired by, or transferred to, the Company on or after January 1, 2009) automatically become eligible for a non-elective Company contribution upon the participants' date of hire equal to 5% of the employee's eligible compensation and a discretionary Company contribution based on a global Company score from a scale of minimum 0% to a maximum 5%.”
Automatic enrollment, word for word
“However, new employees are automatically enrolled in the Plan to make before-tax contributions of five percent (5%) of their eligible compensation beginning with the first payroll period that is administratively practicable after the employee's date of hire. Employees that are automatically enrolled can elect not to make contributions or to contribute a different percentage of their eligible compensation.”
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
What else does Philip Morris' 11-K report?
The Philip Morris plan held $321.8M in net assets at the end of the plan year ended December 31, 2025.
| Net plan assets (end of plan year) | $321,830,000 |
|---|---|
| Trustee / recordkeeper | Fidelity Management Trust Company (trustee through 2025); Plan administration transferred to Empower Retirement LLC effective January 1, 2026 |
| Plan auditor | PricewaterhouseCoopers LLP |
| Notable events | Effective January 1, 2026 the Plan merged with the Employee Retirement Saving Plan sponsored by Swedish Match North America LLC, transferring in about $138 million of assets, and Plan administration moved from Fidelity to Empower Retirement LLC |
Source: Form 11-K filed June 29, 2026, SEC EDGAR · SEC ↗
How does Philip Morris' 401(k) match compare?
Philip Morris International Inc.'s maximum 401(k) match of 6% 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, five land near Philip Morris' maximum match and one vests on the same schedule.
Maximum match 6% of pay, level with Philip Morris.
Maximum match 6% of pay, level with Philip Morris.
Maximum match 6% of pay, level with Philip Morris.
Maximum match 6% of pay, level with Philip Morris.
Maximum match 6% of pay, level with Philip Morris.
Maximum match 4% of pay. Same 3-year cliff as Philip Morris.
Compare Philip Morris International Inc. with any company, side by side
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 June 29, 2026, 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 Philip Morris International Inc.'s 401(k) match?
Philip Morris International Inc. matches 100% of employee contributions up to 6% of eligible pay (plan year ended December 31, 2025).
When does the Philip Morris International Inc. 401(k) match vest?
Cliff: 100% vested after 3 years of service.
Does Philip Morris International Inc.'s 401(k) plan have automatic enrollment?
Yes: default deferral 5% of pay.
Cite: 401(k) Monitor, “Philip Morris International Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001628280-26-045929, plan year ended 2025-12-31.