QT - QuikTrip - Servicing Employees in Arizona
Retirement Transition
Retiring before 60? We discuss the challenges and solutions to help you prepare for your retirement.
Will you have enough saved to live comfortably in retirement?
QuikTrip’s Retirement Plan consists of 401(k), Profit Sharing and ESOP.
- Plan Eligibility Requirements for Participation: Active QuikTrip employees who are at least 21 years old and who have at least one year of service in which they have worked 1,000 hours, are automatically enrolled in the Plan.
- 401(k): A participant may contribute up to the IRS limit each calendar year to his/her QuikTrip 401(k) account.
- 401(k) Employer Match: QuikTrip matches contributions at a 50% rate for the first 6% of a participant’s annual pay. *
- Employer Profit Sharing Contribution: QuikTrip may annually contribute a percentage of pretax profits to the Plan, to be allocated to participants to share in the contribution for the Plan Year. *
- Employee Stock Ownership Plan: QuikTrip may annually contribute company stock equivalent to a percentage of pretax profit to the Plan, to be allocated to participants to share in the contribution for the Plan Year. *
* To be eligible to receive employer contributions, the participant must be actively employed on the last day of the Plan Year and must have completed at least 1,000 hours of service during the Plan Year.
https://www.quiktrip.com/employee-benefits/
