| collapsed, click to expand | When can I enroll in the Plan? |
You can enroll in the Plan immediately and we encourage you to do so. If you have not enrolled in the Plan after the first of the month coincident with or next following 60 days from your date of hire, you will be automatically enrolled in the Plan at a contribution rate of 3% of your pretax eligible earnings. In addition, you will be automatically enrolled in the Annual Increase Program (AIP) - which automatically increases your contribution amount by 1% each year until you reach a deferral rate of 6%. Your contributions will be invested in a Vanguard Target Retirement Trust Plus fund based on your date of birth assuming a retirement age of 65. However, we encourage you to take an active role in the Plan by enrolling today and choosing a contribution rate and investment options that are appropriate for you. You can contribute pretax, Roth or a combination of both to the Plan. Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.
If you wish to contribute to the Plan before you are automatically enrolled or to opt out of enrollment or AIP, log on to Fidelity NetBenefits® at www.netbenefits.com or call the 401(k) Savings Line at 1-800-635-4015.
If you do not wish to contribute to the Plan, you must change your contribution rate to 0% prior to the first of the month coincident with or next following 60 days from your date of hire. You may change your contribution rate virtually at any time.
| collapsed, click to expand | How do I enroll in the Plan? |
Enroll online at any time, or by calling the 401(k) Savings Line at 1-800-635-4015.
| collapsed, click to expand | How much can I contribute? |
Through automatic payroll deductions, you may contribute up to 50% of your eligible compensation as pretax and/or Roth contributions. Sign up online by accessing the “Contribution Amount” section under “Quick Links” on NetBenefits®, or by calling the 401(k) Savings Line at 1-800-635-4015.
In addition, you can automatically increase your retirement savings plan contributions each year through the Annual Increase Program. This program increases your contributions 1% annually, to help to ensure continued progress toward meeting your future goals. You can opt out of the Annual Increase Program at any time online, or by calling the 401(k) Savings Line at 1-800-635-4015.
| collapsed, click to expand | What catch-up contribution can I make? |
If you have reached age 50 or will reach 50 during the calendar year January 1 – December 31 and are making the maximum plan or IRS contribution, you may make an additional catch-up contribution each pay period. The maximum annual catch-up contribution is $8,000. Going forward, catch-up contribution limits will be subject to cost-of-living adjustments (COLAs) in $500 increments.
Starting in 2026, if your FICA wages from the prior calendar year with your current employer exceeded $150,000, any age 50 catch-up contributions to the Plan must be made as Roth contributions. If your FICA wages were $150,000 or less, you can designate your catch-up contribution to be pretax or Roth.
Starting in 2025, the SECURE 2.0 Act increases the limit for you if you have attained age 60, 61, 62, or 63 in a given calendar year. The limit for 2026 is $11,250.
You make catch-up contributions through payroll deductions, the same way you make regular contributions. Note: Catch-up contributions are not eligible for the company match.
| collapsed, click to expand | What is the IRS contribution limit? |
The IRS contribution limit for 2026 is $24,500.
| collapsed, click to expand | Does the Company contribute to my account? |
On the first of the month coincident with or following 60 days of employment, Sysco automatically contributes an amount equal to 3% of your eligible pay to your 401(k) account every pay period.
In addition to the automatic contributions, Sysco makes employer-matching contributions annually to encourage you to contribute to your retirement savings plan. The Company contributes 50 cents for every dollar you contribute to the plan up to 6% of your eligible pay.
For your detailed match criteria, contact your local Employee Benefits Department.
*All Employees whose employment is not governed by the terms of a collective bargaining agreement, and those Employees whose employment is governed by the terms of a collective bargaining agreement which have adopted the January 1, 2015 Safe Harbor Plan provisions are eligible for the automatic Company contribution.
| collapsed, click to expand | When am I vested? |
You are always 100% vested in your contributions and in the automatic Company contributions to the 401(k) Plan, as well as any earnings on them. The Company's matching contributions and any earnings vest according to the following schedule:
| Years of Employment | Percent |
| 1 | 0 |
| 2 | 25 |
| 3 | 50 |
| 4 | 75 |
| 5 | 100 |
| collapsed, click to expand | What are my investment options? |
To help you meet your investment goals, the Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The many investment options available through the Plan include conservative, moderately conservative, and aggressive funds. A complete description of the Plan’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online.
| collapsed, click to expand | Can I take a loan from my account? |
Although your plan account is intended for the future, you may borrow from your account for any reason. Generally, the 401(k) Plan allows you to borrow up to 50% of your vested account balance. The minimum loan amount is $1,000, and a loan must not exceed $50,000. You then pay the money back into your account, plus interest, through after-tax payroll deductions. Any outstanding loan balances over the previous 12 months may reduce the amount you have available to borrow. You may have two loans outstanding at a time, increased to four if the third and fourth are for college education expenses. If you fail to repay your loan (based on the original terms of the loan), it will be considered in “default” and treated as a distribution, making it subject to income tax and possibly to a 10% early withdrawal penalty. Defaulted loans may also impact your eligibility to request additional loans. Be sure you understand the plan guidelines and impact of taking a loan before initiating a loan from your plan account.
To learn more about or request a loan, log on to www.netbenefits.com or call the 401(k) Savings Line at 1-800-635-4015.
| collapsed, click to expand | Can I make withdrawals from my account? |
Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 59½, become permanently disabled, or have a severe financial hardship as defined by your Plan.
When you leave the Company, you can withdraw contributions and any associated earnings or, if your vested account balance is greater than $5,000, you can leave contributions and any associated earnings in the Plan. After you leave the Company, if your vested account balance is equal to or less than $1,000, it will automatically be distributed to you. However, if your vested account balance is greater than $1,000 but not more than $5,000, you will be notified that your entire vested account balance will be transferred to an Individual Retirement Account (Rollover IRA) with Fidelity Investments and the assets invested in Fidelity® Investments Money Market Government Portfolio—Institutional Class, a money market mutual fund, unless you request either a cash distribution or a rollover distribution of your choice.
You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
Fidelity's government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares.
| collapsed, click to expand | Can I move money from another retirement plan into my account in the Plan? |
You are permitted to roll over eligible pretax and Roth contributions from another 401(k) or a 401(a) plan account or eligible pretax contributions from conduit individual retirement accounts (IRAs). A conduit IRA is one that contains only money rolled over from an employer sponsored retirement plan that has not been mixed with regular IRA contributions. Call the 401(k) Savings Line at 1-800-635-4015 or log on to Fidelity NetBenefits® at www.netbenefits.com for details.
Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.
| collapsed, click to expand | How do I designate my beneficiary? |
If you have not already selected your beneficiaries, or if you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, it’s time to consider your beneficiary designations. Fidelity’s Online Beneficiaries Service, offers a straightforward, convenient process that takes just minutes. To make your elections, click on the “Profile & Settings” icon in the upper right-hand corner, then select “Beneficiaries” and follow the online instructions.
| collapsed, click to expand | Where can I find information about exchanges and other plan features? |
Learn about loans, exchanges, and more online. In particular, you can access loan modeling tools that illustrate the potential impact of a loan on the long-term growth of your account. You will also find a withdrawal modeling tool, which shows the amount of federal income taxes and early withdrawal penalties you might pay, along with the amount of earnings you could potentially lose by taking a withdrawal. Additional information can be obtained by calling the 401(k) Savings Line at 1-800-635-4015.
| collapsed, click to expand | How do I access the Plan's Summary Plan Description? |
In order to learn more about the 401(k) Plan, please read the Summary Plan Description (SPD), which is posted on NetBenefits® at www.netbenefits.com. Just click on "Summary Plan Description" under the "Featured Resources" section at the bottom of the Home Page. If you want a printed copy of the 401(k) SPD, you may obtain one at no cost through the Corportate Benefits Department by sending a written request to: Sysco Corporation, Attention: 401(k) Administrator, 1390 Enclave Parkway, Houston, TX 77077.