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 in your first paycheck 30 days after your hire date)
• UMG matches up to 5%, so you’ll need to actively change your election to at least 5% if you want to receive UMG’s full match
• Contributions are automatically 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 – enrollment instruction PDF

• Go to Vanguard and register for online access (registration instructions PDF)
• Enter your Social Security Number, legal name, birth date, and use plan number (092022) instead of employee number
• 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.
• The IRS contribution limit is $23,500 for 2025 and $24,500 for 2026. This includes any 401(k) contributions you made with a previous employer in the same year.

Catch-up contributions (for employees 50+)

If you’re age 50 or older by the end of the year, you can add extra contributions on top of the annual limit.

• Ages 50–59 or 65+: You can contribute an additional $7,500, for a total of $31,000. In 2026, you can contribute an additional $8,000, for a total of $32,500.*
• Ages 60–63: You can contribute an additional $11,250, for a total of $34,750.*

Important 2026 change (SECURE 2.0 Act)

If you’re age 50+ and earned more than $150,000** in the previous year:

• Your catch-up contributions must be Roth (after-tax) starting in 2026, as pre-tax catch-up contributions won’t be allowed.
• If this applies to you, you’ll need to switch your catch-up election to Roth in Vanguard once you’re close to the $24,500 regular limit.

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

• UMG 401(k) Summary Plan Description
• How to Register for Vanguard Account
• How to 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

*These contribution limits are automatically applied in the system if you earned less than $150,000 in the previous year

**This amount will be adjusted annually by the IRS