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This might not be on your mind at the moment, but taking steps and saving for retirement today can help protect you and support you in the future when you reach retirement age.

Enjoy 401(k) Plan is an easy, tax-friendly way to help you reach your future financial goals. With the 401(k) Plan, you can elect a percentage of your pay to contribute, and Enjoy automatically deducts that amount from your paycheck and deposits it into your 401(k) account in the investments you’ve chosen.

Please note that at this time Enjoy does not provide a company match.

Key benefits

Tax-advantaged saving

Convenient, automatic payroll deductions

Broad range of investment options

Features that simplify planning 

An account you can take with you when you leave

What you need to know


Your Contributions

You are eligible if you are 18 or older.

There are two tax-advantaged ways to contribute to your 401(k):  Pre-Tax Contribution and After-Tax Roth Contributions. At this time Enjoy does not provide a company match.

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For 2022, you can contribute up to 60% of your base pay, up to these limits:

  • $20,500 in tax-advantaged contributions, either pre-tax and/or Roth

  • $6,500 additional, pre-tax and/or Roth, if you’re 50 or older

  • $61,000 from all sources (combined pre-tax, Roth and after-tax).


Vesting refers to the ownership of contributions and earnings.


You’re always 100% vested in your contributions, your earnings, and any funds you roll over from a previous company’s plan. This means that, if you were to leave Enjoy, you would own the entire value of your account

Early Withdrawals and Loans

You may make withdrawals or loans from your 401(k) plan.


  • In-Service Withdrawals — You may take an in-service withdrawal from your account when you are 59 ½ without penalty. However, that money will not be there when you retire, nor will it earn interests. The minimum amount for this type of withdrawal is $500.

  • Hardship Withdrawals — If you have an immediate financial need — like buying a house or paying educational expenses — you may be able to take a hardship withdrawal. You may also be eligible to withdraw certain post-tax money from your account.

  • After-tax Withdrawals — You can withdraw after-tax contributions from your account at any time without paying taxes. But you still have to pay taxes and a penalty on the earnings if you’re younger than age 59½.



You can have one loan at any time, and in most cases, you need to repay them within 5 years. You repay yourself through payroll deduction, with principle and interest deposited to your account. Please be aware that the interest you pay on the loan may be taxed the 2nd time when you later withdraw it at retirement.


When you retire, you have to decide what to do with your 401(k) money.


When you retire (or if you die), money can be distributed from your account without penalty. You may leave your money parked in the plan, roll the money into an IRA, take a lump-sum distribution, or take periodic distributions.


It’s mandatory that you start taking distributions when you turn 70½.  

If you withdraw money before age 59 ½, it may be subject to a 10% tax penalty.


You can also take a distribution from your account if you leave Enjoy. But you’ll pay a penalty if you’re under age 59 ½ and if you don’t roll it into an Individual Retirement Account (IRA) or another qualified plan within 60 days of the distribution.

Enrolling in 401(k)

You can enroll online now at 

Contact ADP at 1-866-695-7526, M-F, 8am -9pm ET, if you have any questions. 

This summary is not intended to replace the detailed information in the Summary Plan Description. Please refer to the Summary Plan Description for more detail.

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