The 401(k) plan is a great place to start building long-term financial security.

Eligibility

You are immediately eligible to participate in the Plan if you are at least 21 years of age and part of an eligible group of employees as defined by the Plan. Refer to the Summary Plan Description for detailed information.

Your contributions

You can contribute from 1% to 75% of your eligible pay as pre-tax or Roth contributions, or a combination, up to the annual IRS dollar limits.

A Roth contribution to your Plan allows you to make after-tax contributions and take any associated earnings completely tax-free at retirement, as long as the distribution is a qualified one. A qualified distribution, in this case, is one that is taken at least five tax years after your first Roth 401(k) contribution and after you have attained age 59½, or become disabled or die.

The maximum contribution you can make to your 401(k) Plan in 2026 is $23,500.

Catch-up contributions

You can make the following catch-up contribution in 2026 based on your age:

  • Age 50 to 59 in 2026: $7,500
  • Age 60 to 63 in 2026: $11,250
  • Age 64 or older in 2026: $7,500

Starting January 1, 2026, associates whose Social Security wages exceed $145,000 in the prior year (2025, indexed for inflation) must make any catch-up contributions to a Roth 401(k) account on an after-tax basis.

Company matching contributions

Albertsons Companies may make an annual discretionary matching contribution to your Plan account. You may receive a percentage of each dollar you contribute up to 7% of eligible pay. Details are provided each year.

You are eligible to receive the matching contribution after completing 1000 hours of service as of your one-year anniversary or as of the end of the next plan year. You must also be employed at the end of each plan year. Some exceptions apply; refer to the Summary Plan Description (SPD) for details.

Only contributions made AFTER meeting match requirements are eligible to receive a match contribution.

Company match example

Here’s an example of how the 2023 Company match worked if your eligible pay was $50,000 in 2023 and you met the eligibility requirements to receive the Company match. The table below shows the Company match dollars you received and the Company match dollars you missed out on based on contributing between 0% and 7% of your eligible pay.

If You Contributed

Company Match You Received

Company Match You Missed Out On

0% ($0)

$0

$1,750

1% ($500)

$250

$1,500

3% ($1,500)

$750

$1,000

5% ($2,500)

$1.250

$500

7% ($3,500)

$1,750

$0

Unions associates may be subject to an alternative matching contribution formula. Please see your union representative for details.

Vesting

You are always 100% vested in your own contributions and earnings. You become vested in employer matching contributions based upon years of service (1,000 hours each year).

Years of Service

% Vested

0-2

0%

2-3

50%

3 or more

100%

How to enroll

You can enroll on Fidelity NetBenefits® at www.netbenefits.com or call a Fidelity representative at 866-956-3433. To use the EasyEnroll feature and enroll in the Plan in just 60 seconds, go to www.netbenefits.com/easy.

Investments

The Plan offers a range of options to help you meet your investment goals.

You can select a mix of investment options that best suit your goals, time horizon, and risk tolerance. Descriptions of the Plan’s investment options and their performance are available online at www.netbenefits.com.