You will receive a $1,000 club contribution for your first credited season. Starting with your second credited season, you are eligible for a club matching contribution of $2 for every $1 that you contribute during that calendar year, up to $28,000 for 2019-2020 credited seasons.
You can contribute to up the IRS Maximum ($19,500 for 2020 calendar year) to your 401k during the contribution period (November 1st through March 31st) from eligible club paychecks. Manage your contributions through nflplayerbenefits.com.
The “default” Investment Fund Option is a Target Date Fund designed to mature within a few years of your 60th birthday. You can change how your money is invested every 31 days and may choose from among twenty 401(k) Savings Plan’s Investment Fund Options online at nflplayerbenefits.com.
You are able to start withdrawing your money from the 401(k) Savings Plan as soon as you turn 45--if you aren’t employed by an NFL Club at the time.