The WSI 401(k) plan makes saving for your future easy. It is a retirement savings plan that lets you automatically set aside and invest a portion of your paycheck — along with matching contributions from WSI. You have the option to save pretax or post-tax.

You can learn more about saving for retirement here and about taking control of your financial ecosystem here.

WHY JOIN?

After you become eligible, WSI will match your contributions — $0.50 for every $1 you contribute, up to 6% of your eligible pay.

There are professionally managed investments to take the worry out of selecting the best performers. You also have access to experienced retirement services professionals to help you get on the right track to reach your retirement goals.

WHO IS ELIGIBLE?

If you are an associate age 21 or older, you are eligible to participate in the 401(k) plan any time after your hire date. There is no special enrollment window.

HOW TO ENROLL

Contact Charles Schwab by calling 800.724.7526 or visiting workplace.schwab.com. If you enroll online, click on the Register Now box and enter the necessary information. Please remember to designate a beneficiary.

HOW TO SELECT YOUR INVESTMENTS

You can invest your contributions in any of the plan’s professionally managed investment options, as well as the Williams-Sonoma, Inc. Stock Fund. If you need help, MorningStar provides investment advice at no extra cost.

HOW TO CONTRIBUTE

You can contribute 1%–75% of your eligible earnings on a pretax and/or post-tax basis, up to the IRS limit of $19,500 for 2020. If you’re 50 or older, you can make a “catch-up contribution” ($6,500 for 2020) in addition to the limit above.

You can make changes to your contribution rate at any time.

HOW MATCHING CONTRIBUTIONS ARE VESTED

The company match is funded twice a year in February and August.

For full-time associates, your contributions will be match going forward starting the first day of the calendar quarter after you complete one year of service. For other associates (part-time, casual, seasonal and temporary), in addition to the one-year service requirement, you must have worked 1,000 hours during the first year of service or during any calendar year thereafter.

You become vested in the company match in 20% increments after each year of service. You’re vested 100% after five years of service.