For a complete list of the investments in DICK’S Sporting Goods, Inc. Smart Savings 401(k) Plan, go to https://retirementplans.vanguard.com/PubFundChart/dicks/5223.
Please note: The disclosures in the “A Note About Risk” section support investments that appear in the plan’s investment lineup.
If you join the plan through the Enroll Now feature, you will be enrolled automatically in the Vanguard® Institutional Target Retirement Fund with the target date closest to the year in which you will reach age 65.
A Target Retirement Fund offers the simplicity of a complete portfolio in a single fund. Each fund invests in several broadly diversified Vanguard funds. As the target date in the fund’s name draws near, its investment mix becomes more conservative. Through this sophisticated approach, a single Target Retirement Fund is meant to serve you throughout both your career and retirement.
Keep in mind that all investing is subject to risk, including the possible loss of the money you invest. Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the workforce. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. An investment in a Target Retirement Fund is not guaranteed at any time, including on or after the target date. Diversification does not ensure a profit or protect against a loss.
You may want to consider investing in just one Vanguard Target Retirement Fund. A single Target Retirement Fund provides diversification and is designed to keep your assets invested appropriately for someone in your stage of life, up to and including your retirement years. Consider choosing the fund whose target date is closest to the year you expect to retire.
Make Your Own Investment Choices
If you would like to create your own diversified investment mix, consider one or more of the investments under “Other options,” in your plan’s investment lineup.
Not sure what the best mix is for you? Use Vanguard's Investor Questionnaire.
By taking a few minutes to answer 11 questions about your investment experience, risk tolerance, and when you’ll need your money, the questionnaire will suggest a potential investment mix for creating your own diversified portfolio.
A Note About Risk
While U.S. Treasury or government agency securities provide substantial protection against credit risk, they do not protect investors against price changes due to changing interest rates. Although the market values of government securities are not guaranteed and may fluctuate, these securities are guaranteed as to the timely payment of principal and interest. Bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments. High-yield bonds generally have medium- and lower-range credit quality ratings and are therefore subject to a higher level of credit risk than bonds with higher credit quality ratings. Prices of mid- and small-cap stocks often fluctuate more than those of large-company stocks. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility.
Vanguard Federal Money Market Fund:
You could lose money by investing in the fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.
A stable value investment is neither insured nor guaranteed by the U.S. government. There is no assurance that the investment will be able to maintain a stable net asset value, and it is possible to lose money in such an investment.
Vanguard Retirement Savings Trust is not a mutual fund. It is a collective trust available only to tax-qualified plans and their eligible participants. Investment objectives, risks, charges, expenses, and other important information should be considered carefully before investing. The collective trust mandates are managed by Vanguard Fiduciary Trust Company, a wholly owned subsidiary of The Vanguard Group, Inc.
When You Are Able To Enroll
You can begin saving in the plan on the day you meet the following requirements:
- You are at least age 21; and
- You are a salaried, full-time hourly associate or part-time hourly associate; and
- You have completed one month of service.
How Much You Can Save
You can save from 1% to 50% of your pay on a pre-tax basis. Remember that saving even a little now could make a big difference later.
The IRS also limits the amount you can save per year. For current IRS limits, visit vanguard.com/contributionlimits.
This savings calculator can help you see how saving a little can really add up over time.
If you contributed to a previous employer’s plan this year, be aware that the annual IRS limit applies to the sum of your contributions to all employer plans for the current year. You should monitor your contributions to ensure that your total contributions for the current year do not exceed the annual IRS limit.
If you are age 50 or older, or will turn 50 by year’s end, and you contribute the maximum allowed by the plan, you may contribute an additional amount as a catch-up contribution. Catching up could be especially important if you are approaching retirement and want to make sure you are building an appropriate savings nest egg.
All investing is subject to risk, including the possible loss of the money you invest.
To help you save more, you can have your pre-tax contribution rate automatically increased for you each year. Simply decide how much more you'd like to save annually—from one to three percentage points—and the month you'd like to have your increases take effect.
You can set a personal cap for your annual increases from 2% to 50% of your pay. Your contribution rate will continue to increase annually until it reaches that cap or the IRS limit, whichever is less.
You can set up, change, or stop your automatic annual contribution increases at vanguard.com/retirementplans or by speaking with a Vanguard Participant Services associate at 800-523-1188.
A Little Can Go A Long Way
See how small increases can have a big impact on your long-term savings by using Vanguard's tools and calculators.
All investing is subject to risk, including the possible loss of the money you invest.
Who Will Benefit From Your Savings When You Pass On?
Designating beneficiaries allows you to pass on your hard-earned savings as you would like, when you die.
Or, contact Vanguard Participant Services at 800-523-1188 to request a paper form.
Note: If you are married, your spouse must be your primary beneficiary unless he/she signs off allowing another beneficiary.
When you save in the plan, the company may make a discretionary contribution—typically $0.50 for every $1 you contribute up to 10% of your pay—to help you save for your future.
To receive any discretionary contribution, you must have completed one year of service, which is a 12-month period in which you complete at least 1,000 hours of service. Every year thereafter, you must have worked a minimum of 501 hours, and have an active associate status on December 31 of the plan year.
Want To Combine Retirement Accounts?
You may be able to manage both plans more easily by rolling a former employer's plan into the Smart Savings 401(k) Plan, if it’s eligible. You may also roll over assets from certain IRAs.
To begin the rollover process, call Vanguard at 800-523-1188. Participant Services associates are available to help Monday through Friday from 8:30 a.m. to 9 p.m., Eastern time.
When The Company Contributions Become Yours
Vesting refers to your right to take your money with you if you leave the company.
You are always 100% vested in your contributions and any related earnings. You become vested in the company contributions based on your years of eligible service with the company (eligible service means working 1,000 or more hours in a calendar year).
|Years Of Eligible Service:||Vested Percentage:|
|Less than one year||0%|
Borrowing From Your Account
Although it’s designed for long-term savings, if you have an emergency situation you can borrow from your account. You will need to repay your loan plus interest through payroll deductions.
If you fail to repay on time or leave the company before the loan is fully repaid, you could owe taxes and a 10% federal penalty on the outstanding amount.
Things to know about taking a loan:
- Maximum amount you can borrow: 50% of your vested account balance up to $50,000 (or less if you have had an outstanding plan loan in the past 12 months).
- Minimum amount you can borrow: $1,000.
- Maximum number of outstanding loans: one.
- Length of time to repay a loan: up to 5 years for a general purpose loan, or up to 30 years if the loan is used for the purchase of a principal residence.
- Origination fee: $50 when applying online or through Vanguard's VOICE® Network; $100 when applying by phone with personal assistance from a Vanguard associate. The origination fee is paid every time a new loan is taken.
- Annual maintenance fee: $45.
Taking Savings Out While Still Employed
Under specific circumstances, you can make a withdrawal, which is to permanently take money out of your account.
Age 59½ Withdrawals. Once you turn age 59½, you can take money out of your vested account balance.
Hardship Withdrawals. You can take out money from your account for a serious financial hardship, including:
- Purchase of a principal residence.
- Unreimbursed medical expenses.
- Tuition and fees for postsecondary education.
- Prevention of eviction or mortgage foreclosure.
- Burial or funeral expenses for a parent, spouse, child, or dependent.
- Certain expenses for repairing your principal residence if the expenses qualify as a casualty deduction.
Rollover Withdrawals. You can take out all or part of any assets that you rolled over from another plan.
Tax Implications: You will be responsible for paying any federal, state, local, or foreign taxes on a distribution or withdrawal. Early withdrawals may be subject to a 10% federal penalty tax. To the extent required by law, Vanguard will make the appropriate withholding for tax purposes.
What Can You Do With Your Savings When You Leave?
You are eligible to receive your vested account balance upon retirement, termination of employment, or total and permanent disability. Your beneficiary will receive your vested account balance if you die. Depending on your balance, you may be able to leave it in the plan until you reach age 70½. Or you can:
- Receive it as a lump-sum cash payment.
- Keep your savings tax deferred by rolling it over to another employer’s eligible plan or an IRA.
For information on a direct rollover to a Vanguard IRA®, call a Vanguard Participant Services associate at 800-523-1188.
There are important factors to consider when rolling over assets to an IRA or employer-sponsored plan or leaving assets in an employer retirement plan account. These factors include, but are not limited to, investment options in each type of account, fees and expenses, available services, potential withdrawal penalties, protection from creditors and legal judgments, required minimum distributions, and tax consequences of rolling over employer stock to an IRA.
Tax implications: You will be responsible for paying any federal, state, local, or foreign taxes on a distribution or withdrawal. Early withdrawals may be subject to a 10% federal penalty tax. To the extent required by law, Vanguard will make the appropriate withholding for tax purposes.