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
• Eligibility occurs the first of the quarter after the 1 year 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
  • 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]