401(k): Preparing Your Future

• All associates, except for Interns, are eligible to participate.
• 401(k) contributions from your pay are made on a pre-tax basis – up to the IRS annual limit.
• Associates are automatically enrolled at 3% contribution after 30 days of employment. If you do not want to participate, you will need to opt out, or elect 0%.
• If you are 50 years old or older, (or if you reach age 50 by the end of the year), you may make a catch-up contribution in addition to the normal IRS annual limit.
• Associates are enrolled automatically in the 401(k) Saving Plan’s Annual Increase Program. Each year, based on the Plan rules, your deferral will automatically increase 1% on March 1 of every year (up to 10% maximum deferral). Associates may opt out of the auto-increase annually.
• Make changes to your contributions any time during the year at 401k.com. It is not part of annual enrollment.

Dealer Tire matches $0.50 cents on every dollar up to 7% of your eligible compensation.

Vesting refers to your right of ownership to the money in your account. You are immediately vested in all of your contributions and earning on your contributions. Vesting of employer contributions is as follows:

For additional details about the 401(k) Savings Retirement Plan including enrolling, changing your contribution amount, investment elections, loans, withdrawals, distributions, and direct rollovers, please go to 401k.com or contact Fidelity at 1-800-835-5097. Our plan number is 08723.