DRIVEN BASE
A beach Path

Retirement & 401(k)

401(k) DENSO Retirement Savings Plan (DRSP)

Full-time and part-time associates are eligible to participate in DENSO's 401(k) Retirement Savings Plan (DRSP), administered by Empower Retirement. DENSO will automatically enroll you in the 401(k) plan with a 4% employee contribution of your pre-tax earnings into your 401(k) account each pay period. DENSO will also contribute up to a 4% company match. In addition, your pre-tax contributions will increase automatically by 1% each year, until you reach 15%.

You can opt out or change either of the above options by contacting Empower either via phone at 888.411.4015 or online at empowermyretirement.com. Visit empowermyretirement.com to:
--Know your estimated monthly income in retirement: see if you're on track to meet your goal.
--Opt in for messages about your plan: stay up to date on plan events and changes.
--Get account details: see your balance, get fund information, view statements.
--Access your personal profile: choose electronic communications, update your email address, select or change your beneficiary.
--Quickly link to My Financial Path: offers actionable next steps toward reducing stress and helping you achieve financial goals.

Contribution Types

The below items are types of contributions made to your 401(k):

--Traditional Pre-tax or Roth After-tax: You can elect to contribute up to 75% of your eligible pay, subject to IRS limits.
--Catch-up: If you will be age 50 or older by the end of the year, you are eligible to make additional 401(k) contributions. These contributions may increase your contributions above 75% of pay.
--Company Match: Employer-matching contributions equal to 100% of the first 4% of compensation you defer (either Pre-tax or After-tax contributions can be matched to 4%; subject to IRS limits).
--Company Discretionary: DENSO may contribute up to an additional 3% of your eligible earnings on an annual basis.
--Annual True-up: Company matching contributions are reviewed annually to ensure you receive the maximum allowed amount. True-up contributions are paid at the end of the first quarter following the calendar year.

Choosing Your Investments - Two Ways to Diversify

There are two options to invest in your 401(k):

--Choose a single, ready-mixed portfolio (RetireReady Goal Setter): Make a single investment choice based on the date you want to retire and professionally diversify your total retirement savings across an array of funds.
--Build your own portfolio: Choose your own diversified combination of individual funds offered by the plan.

Vesting

Employer Matching Contributions and Employer Annual Discretionary Contributions consist of separate components, which vest differently.

--Total Company Match (100%) = Regular Match (75%) + QMAC (25%)
--Total Annual Discretionary (100%) = Annual Discretionary (75%) +QNEC (25%)

See the annual Benefits Guide for the Vesting Schedule for Employer Contributions. 

Additional Resources

Education Information

Effective August 1, 2026, SageView Advisory Group (the financial advisor to the DENSO Retirement Savings Plan) is now officially Creative Planning Institutional Advisors.  Under the Creative Planning name, the monthly financial wellness workshops (webinars) have not changed – simply rebranded from ‘PersonalSAGE’ to ‘Live Well.’ 

Please register, even if you are unable to attend a live session.  A webinar recording will be shared at the end of the quarter for anyone who registered.