Red Bull North America 401(k) match, vesting and fees
What Red Bull North America's 401(k) plan says about matching contributions
Company Contributions - The Plan provides for discretionary Company matching contributions and for the year ended December 31, 2024, the Company matched 50 percent of each participant’s deferral up to eight percent of compensation. For the year ended December 31, 2024, the Company made discretionary matching contributions of $16,100,357.
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. 29 ↗ |
| Match vesting | Vesting - Participants are vested immediately in their contributions and Company contributions, and any earnings thereon. Forfeitures - Forfeitures arise from corrections of participant accounts. Forfeitures may be used to pay Plan administrative expenses or to reduce future Company contributions and total $972 and $944 as of December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, no forfeitures were used. | Audit report, p. 29 ↗ |
| Automatic enrollment | The Plan includes an automatic enrollment provision that all eligible employees are automatically enrolled at a pretax deferral rate of four percent of eligible compensation, which is automatically increased by two percent each year up to a maximum of 12 percent, unless they elect otherwise. | Audit report, p. 29 ↗ |
| Roth contributions | Effective January 1, 2024, the Plan was amended to allow participants to make Roth contributions. | Audit report, p. 29 ↗ |
| Loans | Participants may borrow from their accounts up to a maximum equal to the lesser of $50,000 less the highest outstanding loan balance during the prior 12 months or 50 percent of their account balance. Loans are generally issued with a maturity of up to five years. The term of any loan for the purpose of purchasing a primary residence shall not exceed 15 years. The loan interest rate is set at one percent above the prime rate, as defined in the Plan. | Audit report, p. 32 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Holthouse Carlin & Van Trigt LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 56 defined-contribution plans in wholesale trade with 5,000 to 9,999 participants.
| Red Bull North America: employer contribution per participant | $2,177 | |
| Peer median | $2,404 |
| Red Bull North America: average balance | $56,829 | |
| Peer median | $85,831 |
| Red Bull North America: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.10% |
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 $339M at the end of plan year 2023 to $420M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 7,593 | $420M | $16.1M | $2,177 | 0.10% | Quoted in the audit report, p. 29 ↗ | Form 5500 ↗ |
| 2023 | 6,797 | $339M | $13.3M | $1,992 | 0.11% | Not published | Form 5500 ↗ |
Common questions
Does Red Bull North America match 401(k) contributions?
The audit report attached to the Red Bull North America, Inc. Retirement Income Plan's plan year 2024 Form 5500, page 29 says: “Company Contributions - The Plan provides for discretionary Company matching contributions and for the year ended December 31, 2024, the Company matched 50 percent of each participant’s deferral up to eight percent of compensation. For the year ended December 31, 2024, the Company made discretionary matching contributions of $16,100,357.” Plan terms may have changed; check your current Summary Plan Description.
When is the Red Bull North America 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 29 says: “Vesting - Participants are vested immediately in their contributions and Company contributions, and any earnings thereon. Forfeitures - Forfeitures arise from corrections of participant accounts. Forfeitures may be used to pay Plan administrative expenses or to reduce future Company contributions and total $972 and $944 as of December 31, 2024 and 2023, respectively. During the year ended December 31, 2024, no forfeitures were used.”
Who manages the Red Bull North America 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Red Bull North America, Inc..
I left Red Bull North America. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Red Bull North America, Inc., (310) 460-4736) or the recordkeeper, Principal Life Insurance Company. The Red Bull North America old 401(k) page lists the contacts from every plan filing. Find an old Red Bull North America 401(k)
Data from the public Form 5500 annual reports Red Bull North America 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 Red Bull North America. Not financial advice. Report a correction · Methodology