Dollar Tree 401(k)

Dollar Tree is known as one of the top discount variety retailers in the United States. It is also a Fortune 500 company, with over 15,115 stores and 24 distribution centers. They offer a variety of budget-friendly items to keen shoppers across a range of categories. The company offers employees a wealth of benefits on top of their salary, with the Dollar Tree 401(k) plan being a major incentive. 

You can participate in the Dollar Tree 401(k) if you are age 21 or older, have worked at least 1,000 hours in the last year, and have been with the company (or Family Dollar, their subsidiary) for a year. You can choose to contribute any percentage you wish up to the annual 401(k) limit, and you may also receive a dollar-for-dollar match of up to 5% of eligible pay.

Dollar Tree 401(k) provider

The Dollar Tree 401(k) plan is with Empower Retirement as of 2021. Previously, it was offered through Wells Fargo, so older parked plans may still be with them.

If you need to manage your Dollar Tree 401(k), you can log in through www.dollartree.com/retire or www.familydollar.com/retire, whichever better matches your employment status. You will be required to create your User ID and password as a first-time user, which you will use to access your 401(k) account in the future.

Dollar Tree 401(k) login

You can access your Dollar Tree 401(k) plan anytime via www.dollartree.com/retire or www.familydollar.com/retire. If you have any difficulties remembering your details, you can use the ‘forgot ID or password’ prompts to reset them, and new users can create an account there directly.

Dollar Tree 401(k) match

The Dollar Tree 401(k) plan allows you to contribute any percentage of eligible pay you wish, up to the annual 401(k) contribution limit. They offer a dollar-for-dollar match up to 5% of eligible compensation. Remember, only regular contributions qualify for a match, not catch-up contributions.

Dollar Tree 401(k) customer service

Need help with your Dollar Tree 401(k) plan? You can call Empower Retirement directly at 866-906-0242. They operate between 8:30 am and 8 pm ET on weekdays.

Dollar Tree 401(k) loan

As with most 401(k) plans, you can take a loan from your Dollar Tree 401(k) plan, either as a general-purpose loan or a residential 401(k) loan. 401(k) loans are capped at $50,000 or 50% of your vested account balance, whichever is lesser. You will have 3 years to pay back a general-purpose 401(k) loan, and up to 15 years for home purchase loans.

Dollar Tree 401(k) after termination

Once you leave employment with Dollar Tree, you will have to decide what to do with your Dollar Tree 401(k). If your balance is below $1,000, the plan will automatically pay out your balance in cash. However, if you have a substantial amount invested in your 401(k), you can leave the money invested in the Dollar Tree 401(k) plan, but you will not be able to make further contributions.

Alternatively, you can roll it over to your new employer or another qualified 401(k) or IRA. You can also choose to withdraw the money to pay for an immediate expense, but you will owe back income taxes and penalty fees to the IRS if you are below age 59 ½.

Dollar Tree 401(k) withdrawal

If you are over 59 ½, you can take penalty-free withdrawals from your Dollar Tree 401(k) account, either as a lump sum or in increments. However, if you are below age 59 ½, you won’t be able to make withdrawals from your 401(k) account unless you have a qualifying financial hardship.

Dollar Tree 401(k) early withdrawal

You can only make an early withdrawal from your Dollar Tree 401(k) if you have a qualifying financial hardship. This covers circumstances like burial expenses for you and your immediate dependents, uninsured medical or home repair costs, or foreclosure and eviction. You will need to have exhausted all other logical fund sources to do so, including rolled-over funds and old employer matches. 

Dollar Tree 401(k) rollover form

If you need a Dollar Tree 401(k) rollover form, you can log into your account at either www.dollartree.com/retire or www.familydollar.com/retire. Remember, you will need to verify that any rollover funds originate from a qualified source to do so. If you need any help with the rollover, you can contact Empower about your 401(k) at 866-906-0242 between Monday and Friday from 8:30 am to 8 pm ET.

Dollar Tree 401(k) account number

If you need your Dollar Tree 401(k) account number, the easiest way to get it will be to log in to your account at www.dollartree.com/retire or www.familydollar.com/retire. If you can’t see it, or have any issues, reach out to the help team at 866-906-0242 between 8:30 am and 8 pm ET during weekdays, Monday to Friday. You will need to verify your identity to access this information.

Dollar Tree 401(k) phone number

To get help with your Dollar Tree 401(k) plan, you can use the self-service and chat functions linked to your 401(k) online account. You can also reach out to Empower Retirement at 866-906-0242. They operate from Monday to Friday, 8:30 am to 8 pm ET.

Dollar Tree 401(k) administrator

The Dollar Tree 401(k) plan is administered by Dollar Tree’s Vice President, Total Rewards. That position is currently held by Steve Terry. The plan administrator handles the daily operation of the 401(k) plan. You can phone them at 757-321-5000, or write to them at this address: Dollar Tree, Inc. 500 Volvo Parkway Chesapeake, VA 23320

Dollar Tree 401(k) eligibility

If you are over 21, have worked at least 1,000 hours in the last year, and have worked for Dollar Tree for at least a year as a full-time employee, you will be eligible for the Dollar Tree 401(k) plan.

Dollar Tree 401(k) vesting

The Dollar Tree 401(k) plan offers a stepped vesting. You will be 20% vested after 2 years, 40% vested after 3 years, rising to 80% at 4 years and 100% after 5 years. 

Dollar Tree 401(k) app

Want to manage your Dollar Tree 401(k) on the go? You can use the Empower Retirement mobile app. It is available on both the Apple App Store and Google Play Store.

Dollar Tree 401(k) summary plan description

Every Dollar Tree 401(k) plan participant should receive a summary plan description when they get enrolled into the plan. If you didn’t receive yours or have lost it, you can get a new one from the plan administrator. Contact them at 757-321-5000, or write to them at this address: Dollar Tree, Inc. 500 Volvo Parkway Chesapeake, VA 23320.