During these challenging times, it can be hard to focus on saving money for your future, but building up your savings account can help you feel more secure, prepare to face any challenges and emergencies that may lie ahead, and take advantage of future investment opportunities.

How Transocean Helps You Save

At Transocean, we encourage you to take advantage of the ways we help you save for your present and future:

Health Savings Account

If you are enrolled in the Transocean HSA Plus or HSA Basic plan, you can use your Health Savings Account to save pre-tax dollars to use on eligible healthcare expenses now and in retirement. Visit HSAYourWay.com to learn more.

Transocean U.S. Savings Plan or 401(k) Plan

Start saving for your retirement now through the Transocean U.S. Savings Plan or 401(k) plan. You can contribute a percentage of your eligible compensation to your account through:

• Pre-Tax Contributions – Save 1% to 50% on a pre-tax basis (up to the IRS-defined annual limit)
• Roth After-Tax Contributions – Save 1% to 50% on an after-tax basis to a Roth 401(k) account (up to the IRS-defined annual limit).
• Catch-Up Contributions – If you are at least age 50, you can save an additional 1% to 25% of your eligible base pay on a pre-tax and/or Roth after-tax basis (up to the IRS-defined annual limit).

Transocean matches 200% on up to 5% of eligible compensation you contribute to the Savings Plan. Learn more here.

Fidelity Personalized Planning & Advice

Fidelity Personalized Planning & Advice connects Transocean employees with a team of investment professionals. They can help you manage and adjust your investments in your 401(k) based on your specific needs and situation. Visit Fidelity’s website at NetBenefits.com today to connect with an investment professional.

Fidelity Tools and Resources

Fidelity can help you get started with tools and resources that enable you kick start your savings. Visit Fidelity’s website at NetBenefits.com today to start creating your savings strategy.

You can also check out these Fidelity webinars held during America Saves Week, February 22-26, for helpful tips on how to save for your present and future!

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