DSM is committed to supporting your financial well-being — today and tomorrow. The DSM North America Defined Contribution Plan helps you prepare for retirement by offering an easy, tax-advantaged way to save for your future financial needs.

How the Plan Works

    • It's easy. Contributions are deducted from your paycheck. You will be auto-enrolled at 4% of total eligible pay if you do not actively enroll within 45 days of your date of hire. You may change your contributions at any time.
    • DSM contributes. DSM's company contribution to your plan account equals 4% of your total eligible pay whether you contribute or not.
    • DSM matches your contributions. You may receive 100% Company Matching contributions up to the first 4% of total eligible pay that you contribute to the Plan.
    • It's tax-deferred. Your before-tax contributions are deposited in your account before taxes come out. Since before-tax savings reduce your taxable pay, it also makes it easier for you to save.
    • It's yours. When you leave DSM for any reason, your account goes with you to reinvest or leave where it is to continue growing on a tax-deferred basis. See the Vesting information below for more details on when the money in your account is 100% yours.

    Union members' participation in the Plan and its provisions are governed by their collective bargaining agreement.

    Manage your account

    Visit Fidelity to enroll or manage your plan account:

    • Enroll in the plan
    • Check your balance
    • Change your contribution rate
    • Manage your investments
    • Update your beneficiary
    • Use planning tools and calculators
    • Access forms and documents

Help Managing Your Account

Fidelity offers tools and resources that can help you manage and keep your account safe. Learn more!

Before-tax vs. Roth after-tax

The DSM 401(k) Plan gives you the flexibility to save for retirement in a variety of ways. You can make before-tax contributions, Roth after-tax contributions, or a combination of the two.

Before-Tax Contributions Roth After-Tax Contributions
  • The money goes into your Plan account before taxes are deducted, so you keep more of your take-home pay.
  • Since you don’t pay taxes at the time you contribute, you’ll owe taxes on both your contributions and any investment earnings when you withdraw your money in retirement (when you may be in a lower income tax bracket).
  • The money goes into your Plan account after taxes are withheld.
  • In exchange for paying taxes now, both your contributions and any associated earnings can be withdrawn tax-free in retirement, provided you meet two requirements:
    • At least five years have elapsed since your first Roth contribution.
    • You are at least 59½ or the withdrawal follows death or total disability.

Your Contributions

You may contribute between 1% and 100% of your eligible pay to your plan account, up to annual IRS limits. In 2023, you may contribute up to:

  • $22,500 if you are under age 50
  • $30,000 if you’re age 50 or older this year (which includes an additional $7,500 in catch-up contributions, made as a separate dollar amount election).
After-Tax Contributions

If you reach either the maximum annual pre-tax or Roth contribution limits, you may be able to make after-tax contributions to the Plan. DSM will continue to match 100% of the first 4% of your total pay, subject to other IRS limits. You must take action to change to after-tax contributions, it is not automatic. For more information, refer to the Summary Plan Description posted at Fidelity.

Catch Up!

It’s not too late to make up for lost time. If you’ll be 50 or older this year, take advantage of the opportunity to contribute up to an additional $7,500.


Company Contributions

To help you reach your retirement planning goals, DSM makes the following contributions to your account:

Employer Contributions

DSM will make contributions to your 401(k), whether or not you choose to contribute. DSM contributes 4% of your total pay each pay period. Your total pay includes base pay, overtime, and bonuses.

Company Match

To support your retirement saving efforts, DSM matches 100% of your contributions to the plan, up to 4%* of your total pay (includes base pay, overtime, bonuses and any other pay that is subject to income tax withholding).

Meet the match!

Meet the match! To support your retirement saving efforts, DSM matches 100% of your contributions each paycheck to the plan, up to 4% of your total pay. Even if you reach the annual pre-tax contribution maximum, DSM will still contribute to your account if you continue to make posttax contributions (subject to IRS limits).

If you meet the match, you will be saving 12% (your contribution of up to 4% + DSM’s 4% contribution + DSM’s 100% Match of your 4% contribution) toward your retirement!



Vesting is another way of saying “how much of the money is yours to keep if you leave the company." You are 100% vested in contributions that you make to the Plan as well as any Employer Matching Contributions. Employees eligible for the 4% Employer Contribution are fully vested in the Employer Contribution after three years of service. See the Summary Plan Description “SPD" for vesting rules and distribution options at Fidelity or call Fidelity at 1-800-835-5095 between the hours of 8:30 am – 8:00 pm ET.

Have you named a beneficiary?

It’s important to designate a beneficiary to receive the value of your DSM 401(k) Plan account in the event you die before beginning to receive your benefit. As personal circumstances change, be sure to keep that information up to date. Visit Fidelity to add or change a beneficiary.


Withdrawals and Loans

The money in your account is intended as a long-term investment to help you prepare for your financial needs in retirement. However, under certain circumstances, you may be able to access money from your account before reaching retirement age. For more information, visit Fidelity or call 1-800-835-5095.

Think Before You Act

If you’re considering taking a withdrawal or loan from your plan account, be sure to think about the impact it may have on your financial future.

  • Taking money from your account now may lead to a smaller savings balance when you retire.
  • Not only are you taking money away from your retirement savings, but the burden of repaying the loan may make it even harder to get back on track.
  • If you take a plan loan, you’ll also lose more money to taxes because the interest payments on your loan are made with money that has already been taxed, and it will be taxed again when withdrawn from your account.
  • If you withdraw before-tax money from your plan account, in addition to paying current taxes on the money, you may have to pay an additional 10% penalty tax if you are younger than age 59½ or, age 55 if you have retired or left the company.

Tools & Resources

Make the most of your retirement planning. Take advantage of Fidelity’s tools and resources. Visit Fidelity.

Before investing, carefully consider the funds’ or investment options’ objectives, risks, charges, and expenses. Call 1-800-835-5095 for a prospectus and, if available, a summary prospectus, or an offering circular containing this and other information. Please read them carefully.

Investing involves risk, including the risk of loss.