AutoZone 401(k) match, vesting and fees
What AutoZone's 401(k) plan says about matching contributions
The Company makes safe harbor matching contributions up to 100% of the first 3% of eligible compensation, plus 50% of the next 2% of eligible compensation contributed by participants after one year of service.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 33 ↗ |
| Match vesting | Participants are immediately vested in all contributions plus actual earnings thereon. | Audit report, p. 33 ↗ |
| Loans | Participants may borrow from their accounts a minimum of $1,000 and up to a maximum equal to the lesser of $50,000 or 50% of the vested balance of their account. The loans are secured by the balance in the participant's account and bear a reasonable rate of interest as determined by the Plan Administrator. At December 31, 2024, outstanding loans bore interest rates ranging from 4.25% to 9.5% over the terms of the loans, not to exceed 5 years or 10 years if used for the purchase of a residence. | Audit report, p. 33 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Forvis Mazars, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 87 defined-contribution plans in retail trade with 10,000 to 49,999 participants.
| AutoZone: employer contribution per participant | $1,515 | |
| Peer median | $1,215 |
| AutoZone: average balance | $41,322 | |
| Peer median | $48,539 |
| AutoZone: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $967M at the end of plan year 2023 to $1.1B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 103,434 | $1.1B | $40.4M | $1,515 | 0.10% | Quoted in the audit report, p. 33 ↗ | Form 5500 ↗ |
| 2023 | 25,858 | $967M | $37M | $1,435 | 0.01% | Not published | Form 5500 ↗ |
Other AutoZone plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Autozone Puerto Rico, Inc. Retirement Savings Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Forvis Mazars (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does AutoZone match 401(k) contributions?
The audit report attached to the Autozone, Inc. 401(k) Plan's plan year 2024 Form 5500, page 33 says: “The Company makes safe harbor matching contributions up to 100% of the first 3% of eligible compensation, plus 50% of the next 2% of eligible compensation contributed by participants after one year of service.” Plan terms may have changed; check your current Summary Plan Description.
When is the AutoZone 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 33 says: “Participants are immediately vested in all contributions plus actual earnings thereon.”
Who manages the AutoZone 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Autozone, Inc..
I left AutoZone. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Autozone, Inc., (901) 495-6500) or the recordkeeper, Fidelity Investments Institutional. The AutoZone old 401(k) page lists the contacts from every plan filing. Find an old AutoZone 401(k)
Data from the public Form 5500 annual reports AutoZone filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with AutoZone. Not financial advice. Report a correction · Methodology