Dollar General 401(k)

Dollar General is an American discount retailer that operates a large network of stores across the United States. It is one of the largest employers in the United States, with over 185,000 employees. Dollar General employees get various benefits, including a 401(k) plan.

Dollar General employees are eligible to enroll in the company-sponsored 401(k) plan immediately. Plan participants must set their contribution rates and choose investment options. Dollar General also offers a 401(k) match to employees who have completed one year of service; the company matches contributions dollar-for-dollar up to 5% of employee contributions.

Dollar General 401(k) provider

Dollar General offers its employees a 401(k) plan through Voya Financial. The 401(k) plan, also known as the Dollar General Corp 401(k) Savings and Retirement Plan, covers 144,000 employees as of 2024. Voya Financial is a financial services company that offers retirement, investment, and insurance products, and it manages over $890 billion in assets under management.

Voya allows eligible employees to access their 401(k) plans through a user-friendly portal on the Voya Financial website. Participants can access various helpful tools, including retirement calculators, educational tools, and investment information, to help them manage their retirement savings better.

Dollar General 401(k) login

Eligible Dollar General 401(k) plan participants can access their 401(k) plan by visiting the Voya website. You must enter your username and password to access your 401(k) account or use the forgot password feature to reset your login credentials.

If you are a new user, you will be required to sign up for a new account using your Social Security Number and other employment details. Then, use the login details to access your 401(k) on the Voya website or mobile app.

Dollar General 401(k) match

Dollar General offers a 100% match on up to 5% of an employee’s contributions. So, if an employee contributes 5% to their 401(k) plan, Dollar General will match the contribution dollar-for-dollar, bringing the total contribution to 10%.

However, to qualify for the match, you must have completed at least one year of service and be age 21 or older. Also, the company offers the company match to full-time employees; part-time employees are not eligible.

Dollar General 401(k) customer service

If you need help with your 401(k) plan, you can contact Voya Financial customer service representatives at 1-877-269-8758 anytime from Monday to Friday 8.00 am to 8.00 pm EST, excluding public holidays. You can also check Voya’s FAQ to get answers to common questions you might have.

Dollar General 401(k) loan

Dollar General employees are eligible to borrow against their vested 401(k) balances. You will be allowed to borrow the lesser of 50% of your vested balance, or a maximum of $50,000. The minimum amount you can borrow is $1,000. Loan repayment terms range from 1 to 5 years, made through payroll deductions, which are credited back to your 401(k) account.   

Dollar General 401(k) after termination

When you leave Dollar General, your 401(k) account will remain with Voya Financial until you decide what to do with the money. Generally, you may have several options with the money.

First, you can choose to leave the 401(k) money in the plan, allowing the funds to continue growing tax-deferred. You can also roll over the funds into your new employer’s 401(k) plan, or to an Individual Retirement Account (IRA). If you need money immediately, you can withdraw your 401(k) balance, but it will be subject to income taxes and an early withdrawal penalty if you are under 59 ½.

Dollar General 401(k) withdrawal

You will be allowed to make regular withdrawals once you attain age 59 ½ or later when you retire. These withdrawals will be subject to income taxes at your tax bracket. In some cases, you may be allowed to make withdrawals before 59 ½ due to a financial hardship.

Once you attain age 73, you will be required to start making Required Minimum Distributions (RMDs) annually. To request a withdrawal, you can log in to your 401(k) plan or contact Voya Financial customer service for assistance.

Dollar General 401(k) early withdrawal

You may be allowed to access your 401(k) money before age 59 ½, but these withdrawals incur a 10% penalty in addition to regular income taxes. However, if you are facing an immediate and heavy financial need, you may qualify for penalty-free withdrawals.

Some of the situations that qualify for penalty-free withdrawals include qualified medical expenses, first-time home purchases up to $10,000, permanent disability, etc. Keep in mind that you will only be able to withdraw the amount needed to satisfy the specific financial need.

Dollar General 401(k) rollover form

If you want to transfer your 401(k) to another retirement plan, you can obtain a rollover form on the Voya website. Log in to your Voya 401(k) account to download the rollover form. You can also contact Voya customer service via phone to request the rollover form.

When filling out the rollover form, you will be required to provide details about the receiver retirement plan, including the plan name, account and routing number, and the type of rollover. A direct rollover is recommended since it transfers funds directly to the new retirement plan, avoiding taxes and penalties.

Once you verify that all the information provided is accurate, you can submit the paperwork to Voya to initiate the rollover.

Dollar General 401(k) account number

You can find your Dollar General 401(k) account number by logging in to your 401(k) account on the Voya website. You can find it on your dashboard, or under the account management tab. You can also check your account number by checking your old 401(k) statements or contacting Voya customer service.

Dollar General 401(k) phone number

If you need help with your Dollar General 401(k) plan, you can contact Voya Financial at 1-877-269-8758 anytime from Monday to Friday 8.00 am to 8.00 pm. You can contact the plan provider for account-related issues or to request information related to Dollar General’s 401(k) plan.

Dollar General 401(k) administrator

The plan administrator for the Dollar General 401(k) plan is Barbara Springer, the Vice President and Treasurer at Dollar General Corporation. You can contact the plan administrator at 1- 615-855-4000. You can also write to the plan administrator through the following address: 100 Mission Ridge, Goodlettsville, TN, 37070.

Dollar General 401(k) eligibility

New Dollar General employees become eligible to participate in the company’s 401(k) plan immediately upon hire, and this applies to both full-time and part-time employees. Once you join the 401(k) plan, you will be required to customize your contributions and choose investment options.

Dollar General 401(k) vesting

Employee contributions made to the Dollar General 401(k) plan are always fully vested. Additionally, employer matching contributions vest immediately, and employees get to own contributions made by themselves and their employer immediately.

Dollar General 401(k) app

The Voya Retire Mobile app is available on both Android and iOS, and it allows Dollar General employees to manage their 401(k) money on the go. It is available in both English and Spanish. The app gives participants real-time access to the 401(k) balance, withdrawals, investment options, and important updates related to the retirement plan. Additionally, participants can adjust contribution rates and request a 401(k) statement through the app.

Dollar General 401(k) summary product description

Dollar General employees receive a summary plan description (SPD) once they enroll in the company’s 401(k) plan. The SPD provides information about the 401(k) plan, including eligibility, contribution rates, 401(k) match, investment options, withdrawals, and vesting. You can obtain the SPD through the Voya website or by contacting the plan administrator.