Student Debt Retirement Program

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Student Debt Retirement Program

Ulta Beauty’s Student Debt Retirement Program allows you to receive company matching 401(k) contributions on the payments you are making towards your student loans.

Eligibility: All Ulta Beauty associates ages 21+ with 61 days of employment & a student loan in your name

Provider: Fidelity

Contact: www.401k.com

The Student Debt Retirement Program allows eligible associates to earn company 401(k) matching contributions based on qualifying student loan payments.

How it works:

  • Enroll through Fidelity at 401k.com > Accounts & Benefits > Student Debt Retirement Contribution

  • Track and certify your qualifying student loan payments throughout the year

  • At year-end, Ulta Beauty will make a matching contribution to your Fidelity 401(k) account based on your eligible student loan payments

Company match:

  • Ulta Beauty matches 100% of the first 3% and 50% of the next 2% of eligible compensation, for a maximum company match of 4%

  • Your company match is based on your combined eligible 401(k) contributions (Traditional and Roth) and qualifying student loan payments

  • Total company matching contributions cannot exceed the maximum 4% company match

  • 401(k) matching contributions are deposited each pay period

  • Student Debt Retirement matching contributions are deposited annually

  • All company matching contributions are immediately 100% vested

Disclaimer:

This guide highlights certain features of the Company’s benefit programs. It does not contain all of the terms and provisions of the programs. If there is a discrepancy between the content of this guide and the official legal documents for the programs, the official legal documents will govern.

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