401(k) Retirement Savings Plan

401(k) Retirement Savings Plan

Updated 05.16.2019

The 401(k) Retirement Savings Plan is a pre-tax savings plan that Mister Car Wash offers to all eligible employees.   

 

How does a 401(k) retirement savings account work?
 

How do I get FREE MONEY from Mister Car Wash for my 401(k) savings account?
 

Am I eligible to participate in the 401(k) savings plan?
 

How do I enroll into the 401(k) savings plan?
 

How do I access the money in my account?

 

How does a 401(k) retirement savings account work?

You choose how much you want to put into the 401(k) savings account every pay day.  This money is taken out of your paycheck pre-tax and placed into a savings account which grows in value over time.

How do I get FREE MONEY from Mister Car Wash for my 401(k) savings account?

For every pre-tax dollar you put into your 401(k) savings account, Mister will give you an additional $0.50 up to 3% of your salary.

Example:

  • If you earn $1000, 3% of your salary is $30.
  • For every $30 you put into your 401(k), Mister will put in $15.
  • This means you will be putting $45–pre-tax– into your account every pay day!

Am I eligible to participate in the 401(k) savings plan?

To be eligible to participate, you must meet the following requirements:

  • You must be 18 years of age
  • You must work at least 1,000 hours in the previous 12 months
  • Once you become eligible, you remain eligible and can enroll anytime

How do I enroll into the 401(k)?

Once you have been notified of your eligibility to participate, you can enroll in two ways:

  • Register online here
    • Click on “Register” and follow the prompts
  • Call Empower Retirement at 1-800-338-4015

How do I access the money in my account?

Per IRS regulations and Mister Car Wash 401(k) Retirement Plan (“the Plan”) rules, you can withdraw money from your account under the following circumstances:

  • Financial Hardship
    • Overdue medical bills
    • School tuition
    • Purchase of primary residence
    • others as defined by Internal Revenue Code and the Plan’s provision
  • Permanent Disability
  • Severance of Employment
  • Attainment of age 59 1/2
  • Death

Where can I get more information?

For more information or questions not addressed above, please contact:

  • Empower Participant Services at 1-800-338-4015
  • Mister Human Resources at 1-844-529-7392 or [email protected]

 

 

MyEvive

Find a Doctor

Find a Doctor. Please click here

Manage your Money

Mister Care Coordinators by Quantum Health