Money
PayPal offers benefits to help improve your financial security, today and in the future.
401(k) Savings Plan
Employee Stock Purchase Plan (ESPP)
Even financial app and Ayco financial coaching
Legal insurance and ID protection
Life and accident insurance
Voluntary supplemental insurance
Long-Term Care with Life Insurance
401(k) Savings Plan
The PayPal 401(k) Savings Plan is one of the easiest ways to save pre-tax dollars for retirement — and get free money from PayPal. Contribute up to 50% of your eligible earnings (up to the current IRS limit). PayPal also matches 100% of your contribution, up to 4% of your salary. If you’re age 50 or older, you can make catch-up contributions too.
You can enroll in the 401(k) Plan within seven to ten days of your hire date or as soon as administratively possible after Schwab completes your account profile setup. You’ll receive a welcome communication from Schwab with instructions on how to log in after your profile is set up in the Schwab system.
Employee Stock Purchase Plan (ESPP)
Your hard work contributes to the success of PayPal. Our Employee Stock Purchase Plan (ESPP) lets you reap the benefits of your efforts. With the ESPP, you can buy shares of PayPal stock twice a year at a 15% discount through paycheck deductions. The ESPP is open to all employees who work at least 20 hours per week.
ONE@Work financial app and Ayco financial coaching
Take the stress out of building for a better financial future with the ONE@Work financial wellness app. ONE@Work provides easy-to-use tools that you need to manage your money, without the hassle. With the ONE@Work app, you can track your earnings, save automatically, and hit your money goals all in one place. This benefit is available at no cost to you. Download the ONE@Work financial wellness app today.
Ayco’s financial counseling benefit empowers you to improve your finances now and in the future. You have access to their digital tools and confidential one-on-one coaching to help you navigate challenges, plan for the future, reach your goals, and become financially fit, at no additional cost to you.
Legal insurance and ID protection
With MetLife Legal Plans, you have access to a network of attorneys with an average of 25 years of experience who can help you when you’re buying a home, planning for your family’s future, caring for aging parents, and other key moments in your life — for $8 per paycheck.
PayPal offers identity theft protection to help you regain your identity if it’s stolen. And the service is free to all employees. A Fraud Resolution Specialist can tell you how and where to report fraudulent activity, place alerts or freezes on your credit record, provide an ID theft emergency response kit, and more.
Life and accident insurance
PayPal provides you with life and accidental death and dismemberment (AD&D) insurance at no additional cost. And you’re automatically enrolled in them. You can also get additional financial security when you purchase optional life and AD&D coverage.
Voluntary supplemental insurance
Voluntary supplemental insurance provides an additional level of financial protection in the event of a serious accident or illness. It’s like a safety net for you and your family. Coverage options include accident insurance, critical illness insurance, and hospital indemnity insurance — for costs that are not covered by your medical plan.
Long-Term Care with Life Insurance
Long-Term Care (LTC) with Life Insurance offers financial security and peace of mind if you or your covered spouse or partner experience physical or cognitive impairments resulting in the need for long-term care. This insurance covers the cost of long-term care needs, which can include costs that are not typically covered under medical benefits.
Note: You can only enroll in this optional benefit during a designated open enrollment period and not through YBR.