Page 15 - Monster Energy 2021-2022 Benefits Guide

Additional Benefits and Time Away

401(k) retirement plan

Whether retirement is way down the road or just around the corner, it’s important to have
savings goals and specific investment objectives. To help you meet your goals and objectives,
we offer a 401(k) Retirement Plan, administered by Transamerica, with multiple investment
options and a company match. Key details and features of our plan are shown below.

YOUR CONTRIBUTIONS MONSTER ENERGY CONTRIBUTIONS

• You can contribute up to $19,500 pretax in 2021. And if you • The company match is discretionary and currently matches
are age 50 or older, you may contribute up to an additional 50% of your deferrals on up to 8% or a maximum or 4% of
$6,500 as a “catch-up” contribution. your compensation on a per pay period basis.
• You can also make after-tax (Roth) contributions.

AUTOMATIC ENROLLMENT
To make it easier for you to save, the plan More Information
offers annual savings adjustments to help
you set aside extra money automatically. + You can enroll in the plan and make changes
When you are first eligible, you are to your contributions at any time
enrolled in the 401(k) plan at a 4% pretax
contribution rate, with an auto increase + Transamerica has many different investment
of 1% applied at the first of each year options for you to choose from, along with
until you reach 8%. You have the option of tools and resources you can use to determine
changing this contribution rate, removing which options best meet your investment
the auto increase or opting out of the plan objectives.

at any time.
For additional details about the 401(k) Plan
VESTING or to enroll or change your contribution
Vesting refers to your ownership of the rates or investment elections, visit
money in your 401(k) plan. You will be transamerica.com/portal
100% vested in the company match or call (800) 755-5801.
after four years of service. Of course,
you are always 100% vested in your
own contributions to the plan.

YEARS OF SERVICE VESTING %
are you on track
Less than 1 0%
to meet your
1 0% retirement goals?

2 50% Are your investments diversified?
Get answers from our investment
3 75%
advisor, SageView Advisors.
sageviewadvisory.com or
4 or more 100%
(949) 783-2642