401(k) Plan

The Petco 401(k) Plan helps you build financial security for your future.

Financial Wellness Workshops Direct Link

We understand partners have a wide range of needs and that financial wellness is unique to every individual. Which is why Petco has teamed up with Fidelity to bring you Harness Your Health Financial Wellness virtual workshops.

The virtual educational workshops were developed to help our partners get the most out of their benefits and meet their financial goals.

You do not have to be currently participating in our 401(k) to attend.

Tuesday, February 13, 2024 Direct Link



12pm-1pm EST

Get started and save for the future you

  • - Understand your retirement plan
  • - Learn steps to enroll in your plan
  • - See if you’re saving enough
  • - Learn ways to save more

2pm-3pm EST

Manage Unexpected events and expenses

  • - Asses spending and take control of your budget
  • - Reasons for taking money from a workplace savings plan
  • - Understand ways Fidelity can help you

4pm-4:30pm EST

Creating a budget and building emergency savings

  • - Learn how to create a budget
  • - Use Fidelity’s 50-15-5 savings and spending guideline
  • - Emergency savings and your budget

Wednesday, February 14, 2024 Direct Link


12pm-1pm EST

Managing my money

  • - Identify core components of a sound budget
  • - Build your emergency savings fund
  • - Prioritize your debt

2pm-2:30 EST

Tackle debt and understand your credit score

  • - Strategies for paying down debt
  • - Understanding credit scores
  • - Taking control of finances

4pm-4:30pm EST

Saving through Roth contributions

  • - Learn about what a Roth plan is
  • - How Roth contributions can affect your paycheck & taxes

Roth Retirement Plan

A new Roth retirement plan option is now available! Roth contributions allow you to contribute after-tax dollars to the plan now and then make tax-free withdrawals when you retire.

How do Roth contributions compare with traditional, pretax contributions?

Just as with traditional, pretax contributions:

  • You elect how much of your salary you wish to contribute
  • Your contributions cannot exceed IRS annual limits
  • Your contribution is based on your eligible compensation

Unlike transitional, pretax contributes, Roth contributions:

  • Allow you to withdraw your money tax free during retirement
  • Require you to make after-tax contributions now.

For more information on this contribution option:

As a Petco partner you are eligible to contribute to the Plan the 1st of the month after completing 6 months of service and 500 hours. You also must be at least 21 years of age. Upon eligibility, Fidelity Investments will send you an enrollment email to your work email on file. If you do not have a work email, an enrollment postcard will be mailed to your home address.

Watch this webinar to get started

Your contributions Direct Link

You may contribute a portion of your pay (up to the 2024 IRS annual limit of $23,000) to your 401(k) account. If you are 50 years of age or older in 2024, you are eligible to make an additional $7,500 in "catch-up" contributions.

Your contributions are not taxed until they are taken out of the plan, which means you have less current taxable income. You may change, stop or start your contributions at any time by contacting Fidelity. You are always 100% vested in your contributions.

You may roll over your account balance from a prior qualified retirement plan to this Plan. Contact Fidelity at 800-835-5091 for information.

* Contributions for highly-compensated partners (as defined by the IRS) may be lower due to IRS testing.

Petco contributions Direct Link

Hourly and Salaried Partners: Petco Matches 100% of the first 1% that you contribute, plus 50% of the next 5%. Meaning, if you contribute at least 6% you will max out the Petco match at 3.5%!

Directors and Officers*: Petco matches 100% of the first 1% that you contribute, plus 50% of the next 2%.

*Contributions for highly-compensated partners (as defined by the IRS) may be lower due to IRS testing.

Vesting Direct Link

You are always 100% vested in employee contributions. Any Petco matching contributions you receive will vest over a three-year period. If you leave Petco before you are fully vested (3 years), you will only retain the percentage of employer matching contributions listed below:

Years of ServicePercent Vested

Investments Direct Link

You can choose from a variety of investment funds to build your portfolio or select a Fidelity Lifecycle Fund which is a blend of stocks, bonds, and short-term investments in a single fund based on the year you plan to retire. You may change your investments at any time on the www.netbenefits.com website or by calling Fidelity at 800-835-5091.

Plan distributions Direct Link

When you leave Petco, you may roll over your vested account balance to an IRA or another employer’s qualified plan, or receive your distribution in cash, subject to applicable taxes.

401(k) Plan Default Investment and Fees & Expenses Notice

To view the Default Investment and Fees & Expenses Notice, click here.

Qualified Domestic Relations Order (QDRO) Information

To view the QDRO information, click here.

Manage your Account Online or by Phone

Once you have signed up for the 401(k), create an account on www.netbenefits.com.

Log in to your Fidelity 401k account at any time to make changes to your contributions or investments. You can also call Fidelity at 800-835-5091.

The plan number is 49089.