401(k) Eligibility and Participation
You are eligible to participate in the Discover 401(k) Plan on your first day of work. You can enroll or make changes at any time. But if you don’t take action and enroll, Discover will enroll you automatically at 3% of your eligible base salary on a pre-tax basis. Why? Because this is an important benefit and we don’t want you to miss out on company matching contributions — free money. Remember, if you are enrolled automatically, you can make changes or opt-out at any time.