Saving for retirement doesn’t have to be complicated. The Pandora 401(k) plan, through Banco Popular, helps you build long-term financial security with easy paycheck savings, a generous company match, and free one-on-one support whenever you need it.
Make a smart move with the 401(k)
The 401(k) plan is designed to make saving feel doable with no finance degree required! With the 401(k) you can take advantage of plan benefits such as:
- Save automatically from your paycheck.
- Grow your savings faster with our match of up to 6% of your pretax contributions—that’s like free money just for contributing!
- Pick your own investments, or if you need some guidance, the plan can do it for you.
Who can participate?
You’re eligible if you are at least 21 years old and have completed 90 days of service. You can participate the month after you become eligible and adjust your savings anytime as your life changes.
How much can you save?
You have flexibility to save in a way that works for you:
- Pretax contributions: Up to $15,000 per year
- Catch-up contributions (age 50+): Add up to $1,500 more
Plus, you’re in control. You can increase, decrease, or pause contributions anytime (monthly).
Grab the company match!
One of the best parts about the Pandora 401(k) is that we invest in your future, too! Pandora matches 100% of your pretax contributions, up to 6% of your pay.
This match begins after your first three months of employment, and you’re immediately vested in the money we contribute. This means it’s yours to keep—no strings attached!
Even though 6% of your pay may feel like a stretch to contribute, you’ll instantly double your savings when you contribute 6% of your pay.
How your money is invested
If you don’t make an election, your money goes into a Target Date Fund based on your age. These funds automatically adjust over time—more growth early on, more stability as you near retirement.
Prefer more control? You can build your own portfolio using available investment options. Smart tip: Try to spread your investments across different options. Putting too much (more than ~20%) in one investment can increase risk.
Manage your account
Log in to your account to view your statements at popular.com/401k with your:
- Username: First letter of your first name plus the first six letters of your last name plus the last four digits of your Social Security number
- Password: Your date of birth (MMDDYYYY)
How to enroll
- Go to popular.com/401k.
- Log in with your username and password.
- Follow the prompts to enroll and choose your contributions.
Need help? We’ve got you covered
Contact the Service Center (TeleBanco Popular®) Monday–Friday, 8:00 a.m. to 5:30 p.m. at (787) 724-3657 (select option #2, three times).
On the go? Download the app to manage your account anytime, anywhere.
