The Walgreens Retirement Savings Plan —also called a 401(k) savings plan—helps you build income for your retirement future. You can enroll in this plan at any time after you’re eligible. Once you join, you can contribute up to 90% of your pay, up to the annual IRS limit, and Walgreens will match 100% of each eligible dollar you contribute on the first 4% of pay that you defer to your plan. Matching contributions apply to Before-Tax, Roth, Before-Tax Catch-up and Roth Catch-Up contributions.

Eligibility

As a Walgreens team member, you can join the plan if you’re 18 years of age or older and can participate immediately upon hire, with no waiting period. You are generally eligible for company matching contributions once you reach a year of service and have worked at least 1,000 hours in your initial 12-month period of service. If the 1,000 hours aren’t achieved in your initial 12-month period of service, your total hours worked will be reviewed again in each subsequent 12-month calendar year.

How the plan works

Through automatic payroll deduction, you may contribute between 0% and 90% of your plan eligible pay on a Before-Tax, Roth, and/or After-Tax basis. In addition, you can automatically increase your retirement savings plan contributions each year through the Annual Increase Program. Employees determined to be highly compensated may have limitations on after-tax deferral amounts.

You choose how to invest your plan account. The Walgreens Retirement Savings Plan offers a tiered lineup of investment options that enable you to select options that best suit your individual preferences and goals.

When you’re first hired by Walgreens, you’ll receive enrollment information from Fidelity investments at the email you have on file with Walgreens. If you don’t have an email on file with Walgreens, you’ll receive your enrollment information via postal mail at your home address.

FINANCIAL WELLNESS TOOLS

When it comes to team member retirement benefits, the company cares about all facets of your well-being, including your access to financial wellness tools. That’s why Walgreens has teamed up with Fidelity Investments® to make more financial help available on NetBenefits®. You can find personalized support on topics such as budgeting, debt management, student debt, preparing and paying for college, and estate planning. You’ll also have access to the Planning and Guidance Center, where you can create a comprehensive plan for retirement and continually monitor your progress.

READY TO ENROLL?

Note: Due to existing agreements and/or applicable legal requirements, these benefits may vary, and some of this information may not apply to you or other team members. For union-represented team members, we will follow the terms of the collective bargaining agreement. If any information provided in this communication conflicts with the official benefit plan and policy documents, those official documents and policies will govern.