TargetPayandBenefits is an online portal created by target stores for their employees and associates. Target stores offer several benefits to their employees like medical insurance, life insurance, pension, paid leave and 401K. read this article to find more about TGT401K from TargetPayandBenefits.

What is TGT401K?

It’s a 401K plan from the target store for their employees and associates. Target offers TGT401K plan by matching every dollar up to 5% of the salary. TGT401K will help employees to secure their future and add it to their retirement fund. 401K plans are designed for employees to save for their future with help of their employer. In this case, Target offers an employer-sponsored retirement plan with TGT401K.

TGT401K Criteria

Employees can access their 401K plans directly from TargetPayandBenefits portal but they need to qualify first. There are only a few requirements employees and associates need to fulfill. Every employee who wants to join in with a 401K plan, needs to be at least 18 years of age. Employees need to file their 401K which requires a social security number and US residents get their SSN number after 18 years of age. The other requirement is that target employees need to complete 1000 hours of work before applying for TGT401K. It indicates that employees need to work for around 5 to 6 months first before applying for the benefits.

What type of 401K target offers?

There is more than one type of 401K in the market. Here is the list,

TGT401K Before-tax contributions

Before-tax contribution suggests that employees will receive their 401K amount directly from their salary before the taxes are applied. This way, employees don’t need to pay their taxation for 401K plans, however, when they close the 401K plan, they need to pay the taxes. This plan saves employees from paying taxes on funds they cannot utilize currently.

TGT401K Roth contributions

Roth contribution offers employees a 401K plan that adds the amount after taxation. This means, when an employee retires and closes their 401K plan, they can receive tax-free funds for their retirement. One of the biggest benefits of this plan is, you don’t need to pay any taxes for the 401K funds.

TGT401K Regular after-tax contributions

This 401K plan works similarly to Roth. When employees contribute to their 401K plan, the amount is taxed first which indicates that at the time of distribution, the employee receives tax-free funds. But the main difference is, all the interest 401K plans generate or earn from investments are not tax-free; on the other end, Roth 401K funds are totally tax-free even after earning from it.


TargetPayandBenefits also offers a combination of all three plans for their employees. Target is one of the largest retail stores in the world and they are known as one of the best places to work. They offer a TGT401K plan for their employees so that they can save and plan for their future securely. In this article, we have provided information about how TGT401K plans work and more information regarding TargetPayandBenefits. If you have any questions regarding target pay and benefits, ask us in the comment section.