Tyson 401(k)

Tyson Foods is an American multinational company based in Springdale, Arkansas. It is the world’s second-largest producer of meat products and one of the United States’ biggest exporters of meat products. It employs more than 150,000 people, with 120,000 of these being based in the US. Tyson offers a wide variety of benefits to their employees, including a 401(k) retirement savings plan.

Tyson employees can participate in the company-sponsored 401(k) plan after 59 days of continuous full-time employment, provided they are over 18 years of age. To receive a company match, employees must have completed a full year of service with Tyson; if you are eligible for the match, you will receive a 100% match on the first 3% of eligible pay, and a further 50% on the next 2% of eligible pay.

Tyson 401(k) provider

The Tyson 401(k) plan provider is currently NorthWest Plan Services. You can access your Tyson 401(k) plan via the NorthWest Plan Services website. If you are a new employee, you will be able to set up a new 401(k) account on the website. You can also access your 401(k) directly through the portal via www.tysonbenefits.com.

Tyson 401(k) login

You can access your Tyson 401(k) on the employee login portal, at www.tysonbenefits.com. As a new 3mployee, you can use the ‘register’ link to set up your account with a username and password of your choice. If you have forgotten your login details, you can also reset them from the same page. You can also access your Tyson 401(k) via the NorthWest Plan Services website that manages the 401(k) plan.

Tyson 401(k) match

Tyson 401(k) offers both pre-tax and after-tax 401(k) match. To get the employer match, you will need to have completed a full year of service with the company. Once you become eligible for the match, you get a 100% match on the first 3% of eligible pay you contribute, and an additional 50% match on the next 2% of eligible pay you contribute.  

Tyson also matches 25% of the first 10% of eligible pay contributed to the company’s Stock Purchase Plan. Both matches only apply to pay contributions, not to catch-up contributions.

Tyson 401(k) customer service

If you need help with your Tyson 401(k), you can use the company’s AskHR online service, especially if you are a current employee with an active account. Alternatively, if you are a non-active team member, you can call the AskHR helpline at 1-479-290-5000 Monday to Friday between 6.00 am to 6.00 pm CT.

Tyson 401(k) loan

Tyson 401(k) plan participants can borrow up to two 401(k) loans at any time. The minimum amount you can borrow is $1,000 for each loan, and the maximum amount you can borrow is half of your vested 401(k) balance, or $50,000, whichever is lower. The 401(k) loan repayment period is up to 5 years, or more if you are borrowing to buy your principal residence.

Tyson 401(k) after termination

Your vested Tyson 401(k) can be withdrawn on termination, remain with the fund, or be rolled over to another retirement plan. If the 401(k) balance is under $1,000, you will receive a cash payout. If the balance is over $5,000, you will be allowed to leave the 401(k) money behind, as you decide what to do with the money. Remember that any withdrawal from a 401(k) plan before age 59 ½ will trigger income taxes and a 10% early withdrawal penalty.

Tyson 401(k) withdrawal

If you are still working with the company, you can withdraw your after-tax contributions or rollovers from other employers if you are under 59 ½ years of age. However, your pre-tax contributions and employer matching contributions can only be withdrawn after age 59 ½. The only exemption to this rule is if you have a qualifying “financial hardship”; in this case, you will only be allowed to withdraw an amount required to satisfy the financial need.

Tyson 401(k) early withdrawal

Early withdrawals from the Tyson 401(k) are only allowed to participants facing certain circumstances of hardship. Qualifying hardships may include costs required to purchase a primary residence, certain medical expenses, post-secondary tuition expenses, costs required to prevent an eviction or foreclosure, and funeral expenses. The administrator can also evaluate other needs that fit an ‘immediate and heavy financial need’ on a case-by-case basis.

Tyson 401(k) rollover form

The easiest way to obtain a rollover form for your Tyson 401(k) is to log into the employee portal at www.tysonbenefits.com. You will need to confirm that the rollover is coming from a valid source. You can request a direct rollover to have the money deposited directly to your 401(k) account. However, if you opt to use an indirect rollover, be aware that you will have 60 days to deposit the amount into a qualified account.

If you need help with the rollover, you can use the AskHR online service or call the AskHR helpline at 1-479-290-5000 from Monday to Friday between 6.00 am to 6.00 pm CT.

Tyson 401(k) account number

To find your Tyson 401(k) account number, you will need to log in to the employee 401(k) portal. Once you log in to your account, go to the 401(k) tab and you will see your 401(k) number. Alternatively, you can find your plan communications such as 401(k) statements and plan notifications, and check your 401(k) account number. If you need help in finding your 401(k) account number, use the AskHR service, or phone the AskHR helpline at 1-479-290-5000 between 6.00 am and 6.00 pm CT on weekdays.

Tyson 401(k) phone number

While Tyson Foods encourages current employees to use the AskHR portal for any queries or assistance they need, you can also call the AskHR helpline at 1-479-290-5000. It is open between 6 am and 6 pm CT on weekdays. You can also contact the plan administrator at 1-479-290-8670, or write to them at 2200 W DON TYSON PKWY, SPRINGDALE, AR, 72762-6901.

Tyson 401(k) administrator

Tyson 401(k) plan is administered by the Vice President of Benefits at Tyson Foods. As of 2023, this role is held by Lee Kid. The 401(k) plan administrator is responsible for managing the plan's day-to-day operations. If you need help with your Tyson 401(k) account, you can contact the plan administrator at 1-479-290-8670, or mail through the following address: 2200 W DON TYSON PKWY, SPRINGDALE, AR, 72762-6901.

Tyson 401(k) eligibility

You are eligible to participate in the Tyson 401(k) plan if you are 18 years or older, and have worked for the company for at least 59 days of continuous full-time employment. You will only be eligible for the company match, however, once you have completed a full year of service with the company. For employees who were previously eligible and who are rehired within 5 years, these requirements are waived and you can contribute again immediately. 

Tyson 401(k) vesting

Your pre- and after-tax contributions to the Tyson 401(k) plan, as well as earnings from these contributions, are fully vested at all times. Additionally, Target allows 100% vesting of employer-matching contributions immediately.

Tyson 401(k) app

If you want to manage your Tyson 401(k) via mobile app, you can use the NorthWest Plan Services app, which is available for both Apple and Android devices.

Tyson 401(k) summary plan description

All 401(k) plans, including the Tyson 401(k) plan, are required to give participants a summary plan description that outlines their benefits, rights, and responsibilities for the plan in plain language.

Tyson Foods employees receive a summary plan description when they enroll in the 401(k) plan. This document is also available on the Tyson employee portal. You can also request a copy of the summary plan administrator by calling the plan administrator at 1-479-290-8670, or in writing through the following address: 2200 W DON TYSON PKWY, SPRINGDALE, AR, 72762-6901.