Be Well means knowing that you’ll be financially stable after you’ve left the workforce. That’s why we encourage you to plan for your retirement through the Danone U.S. 401(K) Plan so you can live comfortably and make the most of your retirement.

Benefit eligibility and plans may differ for those governed by a collective bargaining agreement (CBA). See your CBA for details.   

Danone Matching Contributions

Danone matches 100% of each dollar on the first 4% of pay that you contribute to your account, and then 50% of each dollar for the next 2%. Matching contributions are 100% vested at the time the contributions are made.

Vesting

Vesting refers to your "ownership" of your account. You are always 100% vested in your own contributions plus any earnings on them (including any rollover or transfer contributions you have made). You are also 100% vested in the Danone Matching Contributions.

Eligibility

If you’re a full-time employee, you can enroll on the first of the month that follows 30 days of service. If you’re a part-time employee, you need to complete at least 500 hours of service in an eligibility computation period. All participants must be at least 18 years of age.

Enrolling in the Plan 

Full-time employees are automatically enrolled on the first day of the month that follows 30 days of service. At that time, 4% of your pay will be deducted pre-tax and will be invested in the Target Date Fund that most closely matches your expected retirement year, based on your birth date. If you don’t make any changes to your contributions, your savings rate will automatically increase each year until it reaches 10%. 

Your Contributions

You can contribute to your 401(k) with pre-tax money or Roth after-tax money. The type of contributions you make is a personal decision and depends on your financial goals and circumstances. Both pre-tax and Roth after-tax contributions count toward the IRS maximum of $23,000 in 2024. 

You may not contribute more than 85% of your income. If you are age 50 or older by the end of the calendar year, you may make additional catch-up contributions — up to an additional $7,500 in 2024. 

Investment Options 

The plan offers you a variety of investment options to choose from. It’s important to carefully consider your investment goals, retirement timeframe, and risk tolerance when deciding how to invest your plan contributions. 

Visit transamerica.com/portal/danone or call 1-800-755-5801 to learn more about your investment options.

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