McDonald's raised its 401(k) automatic enrollment default, effective March 1, 2024

“As of March 1, 2024, restaurant management employees are enrolled automatically at a contribution level of 3% of eligible compensation as soon as they have completed one year of service and attained age 21 (the percentage may be changed by the restaurant management employee). Prior to March 1, 2024, the applicable percentage was 1% of eligible compensation. For those auto enrolled participants who do not make investment elections for new contributions to the Plan, all contributions to the Plan, both participant and Company contributions, are invested in the age-appropriate target date fund for participants.”

Quoted verbatim from the filing linked above. Spelling and punctuation are the filing’s own.

401(k) Monitor reads the employer match, vesting, eligibility and automatic enrollment terms out of each plan’s SEC Form 11-K annual report. A change is recorded only when the filing states it, with the effective date the filing gives.

• McDonald's 401(k) match, vesting and plan facts

  The full record for this employer, including the formula in force now.

• Read the Form 11-K on SEC EDGAR ↗

  The filing that discloses this change, accession 0001104659-26-075561.

• All 401(k) match changes we have found

  The tracker this record belongs to, newest change first.

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