Starbucks 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well

Starbucks 401(k) Plan | Wealth45 | Personal Finance | Build Wealth, Retire Well

Starbucks 401(k) Plan
- $
  
  23000
  
  How much can I contribute?
  
  The IRS limits the total amount you can contribute each year to a 401(k) plan. Limit is $23,000 for 2024.
- $
  
  7500
  
  What are “catch-up” contributions?
  
  For those over 50 years old, you can make additional “catch-up” contributions to your 401(k) plan. Limit is $7,500 for 2024.

- Starbucks 401(k) Plan
  
  At the end of 2022, the Starbucks Corporation 401(k) Plan had 319,804 participants and $3.2B billion in assets.
- Starbucks Employee Contributions
  
  Each participant may elect to contribute between 1% and 75% of pre-tax or after-tax (Roth) compensation to the Plan through payroll deductions up to IRS limits.
- Starbucks’ Matching Contributions
  
  Starbucks makes a 100% match on your first 5% of pay contributed.
- Starbucks Vesting
  
  Contributions and matching contributions are 100% vested at all times.
- Starbucks 401(k) Investment Options
  
  Starbucks’ 401(k) plan has ~28 investment options, including 12 target date retirement funds. The plan is administered by Fidelity.

Investments – Individual Funds
- Vanguard Institutional 500 Index Trust
- Winslow Lorge Cap Growth
- Boston Partners Large Cap Value
- Vanguard Total Bond Market Index Trust
Investments – Complete Portfolios
- Target Retirement 2020 Trust
- Target Retirement 2025 Trust
- Target Retirement 2030 Trust
- Target Retirement 2035 Trust
- Target Retirement 2040 Trust
- Target Retirement 2045 Trust
- Target Retirement 2050 Trust
- Target Retirement 2055 Trust
- Target Retirement 2060 Trust
- Target Retirement 2065 Trust
- Target Retirement Income Trust
Disclaimer: links provided are representative funds, but not necessarily the exact funds available within the Starbucks 401(k) Plan. Wealth45 is not affiliated with Starbucks or their 401(k) plan.

What do Starbucks employees invest in?

Starbucks employees invested in the following funds based on public filings as of 12/31/2022.

Investment	Value ($000)	%
Vanguard Institutional 500 Index Trust	$ 306,867	10%
Vanguard Target Retirement 2050 Trust Plus	$ 277,489	9%
Vanguard Target Retirement 2045 Trust Plus	$ 266,319	8%
Vanguard Target Retirement 2055 Trust Plus	$ 260,815	8%
Vanguard Target Retirement 2060 Trust Plus	$ 250,473	8%
Vanguard Target Retirement 2040 Trust Plus	$ 220,608	7%
Winslow Large Cap Growth Fund	$ 199,551	6%
Vanguard Target Retirement 2035 Trust Plus	$ 192,573	6%
Vanguard Target Retirement 2030 Trust Plus	$ 145,069	5%
Vanguard Target Retirement 2065 Trust Plus	$ 132,096	4%
All other	$ 912,246	29%
Total Assets (excluding participant loans)	$ 3,164,108	100%

Source: Form 5500 filed August 11, 2023

Starbucks 401(k) Resources