401(k) Savings Plan
The 401(k) Savings Plan offers several savings advantages, making it easy to prepare for retirement.
US
All non-union, US benefit-eligible employees have access to the Diageo 401(k) Savings Plan to help prepare for retirement. As part of the plan, you may contribute 1% – 50% of your eligible earnings each year. Annual IRS contribution limits do apply.
You will be automatically enrolled in the 401(k) Savings Plan at a contribution rate of 3% of your eligible earnings on a pre-tax basis 30 days from your hire date if no active election is made with Fidelity.
To make an active election, enroll or disenroll, log on to www.401k.com or call the Fidelity Retirement Benefits Line at 1-800-421-3844. You may change your contribution percentage amount at any time.
Review the plan details for more information about the US 401(k) Savings Plan.
USVI
If you are a Diageo employee residing in the US Virgin Islands, you may contribute 1% – 50% of your eligible earnings each year to the Diageo USVI 401(k) Savings Plan. Diageo will match 100% of your contribution up to 4% as an employer contribution. In addition, Diageo will also automatically provide an employer contribution equal to 6% of your eligible earnings regardless of whether or not you contribute. All employer contributions are made on a pre-tax basis. Annual IRS contribution limits do apply.
To make an active election, enroll or disenroll, log on to www.401k.com or call the Fidelity Retirement Benefits Line at 1-800-421-3844. You may change your contribution percentage amount at any time.
View the USVI 401(k) Summary Plan Document for more information about the USVI 401(k) Savings Plan.