401(k) Retirement Savings Plan

401(k) Retirement Savings Plan

Updated 03.30.2021

The 401(k) Retirement Savings Plan is a retirement 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 with the traditional option, or after-tax with the Roth option, 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 dollar you put into your 401(k) savings account, Mister will give you an additional $0.50 up to 3% of your salary. All matching contributions are made on a pre-tax basis. 

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 for Mister at least 6 months
  • Once you become eligible, you remain eligible and can enroll anytime
  • Eligibility occurs on your 6 month anniversary date

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
    • Follow the instructions to create a username and password
  • Call 1-888-976-4907

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:

  • Mercer Wise retirement at 1-888-976-4907
  • Mister Human Resources at 1-844-529-7392 or [email protected]

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