Planning for the future starts now––Universal Music Group’s 401(k) Plan through Vanguard makes it easier to save for retirement.

What to know before you enroll

• Effective January 1, 2022, new hires will be automatically enrolled with a pre-tax contribution of 3%
  • This is reflected  30 days after hire date (or as soon as administratively feasible). Contributions will be invested in a Target Retirement Trust based on your age
• You can make changes and/or opt out of the auto enrollment at any time—see instructions below

How to enroll

By Phone

• Call Vanguard to enroll in or make changes to your 401(k) enrollment at (800) 523-1188 from Monday-Friday 8:30 am to 9:00 pm ET.

Online – PDF instructions

• Go to Vanguard and register for online access
  • Please wait at least one week after your start date before registering
• Enter your legal name, Social Security Number, birth date, zip code, and use plan number (092022)
• On the home page, click Manage my money and click Change my contribution amount
• Enter your desired 401(k) percentage
• This change will be reflected in the next 1-2 paychecks

Contribution options

• Pre-tax: These contributions are deducted from your taxable income before taxes are calculated so your taxable income is reduced. This means you’ll save on taxes now while you’re saving for retirement.
• Roth after-tax: These contributions allow you to contribute on an after-tax basis so that your earnings grow tax-free and you do not pay taxes on the earnings upon distribution (if it has been 5 years since your initial Roth contribution).
• Bonus contributions: You have the option to make a separate 401(k) election for your annual bonus paycheck (if bonus eligible) on a pre-tax or Roth after-tax basis. This option is provided to you when making 401(k) elections online in your account.

What you can contribute

You can elect up to 1%–75% of your eligible compensation.

In 2025, the IRS limit for pre-tax and/or Roth after-tax contributions is $23,500 (including contributions made to a 401(k) through a previous employer).

If you’re age 50-59 or over 64, you can contribute an additional $7,500 in catch-up contributions in addition to the $23,500 limit for a total maximum contribution of $31,000.

If you’re age 60-63, you can contribute an additional $11,250 in catch-up contributions in addition to the $23,500 limit for a total maximum contribution of $34,750.

What UMG contributes

UMG matches $1 for every $1 you contribute on the first 5% of your eligible compensation, and this is vested immediately.

Non-elective contribution account

UMG also provides a non-elective 3% company contribution for eligible employees in addition to any matching contributions and regardless of any contributions you make to the 401(k) plan.

You are automatically enrolled into this account and this contribution has a three-year cliff vesting schedule. To view these contributions, see instructions here.

Your investment options

Your contributions are automatically invested in a Target Retirement Trust based on your age. However, you can build a portfolio that meets your needs from the investment funds Vanguard provides.

To choose your investments, call Vanguard at (800) 523-1188 or log in to your account.

401(k) rollover options

You can roll over your account from a previous employer’s 401(k) plan by following the instructions at this link.

If you need to roll over your UMG Vanguard 401(k) to a new account, you can find instructions here.

Vanguard Resources (these documents can be at the bottom of this page):

• UMG 401(k) Summary Plan Description 2023
• Update 401(k) Contribution
• UMG Retirement Plan Investment Options
• UMG Vanguard 401(k) Rollover
• UMG Vanguard Non-Elective Contribution Account
• 401(k) Loan Policy
• Guide to Retirement Plan Fees
• 401(k) Funds at a Glance