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Starbucks Benefits Plan Description
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Reference Guide 4
Plan Highlights 5
Using the Plan 7
Future Roast 401(k) 9
Why Save in Future Roast 401(k)? 10
Eligibility 10
If you are rehired 11
Enrolling in Future Roast 401(k) 12
Beneficiary designations 12
Contributions to Your
Future Roast 401(k) Account 13
401(k) payroll contributions 13
Starbucks Match 14
Eligible pay 14
Exceeding IRS limits in a calendar year 14
Safe Harbor Plan qualification 15
Discrimination test annual limit 16
Tax credit for eligible savers 16
Rollover contributions 16
Starbucks discretionary
profit-sharing contributions 17
Investment Option Tiers 18
Target Date Retirement Investments
U.S. and Foreign Equity Investments
Bond and Stable Value Investments
ESG Sustainable Investments
The importance of diversifying the
investment of your accounts 19
The Future Roast 401(k)
default investment 20
For more information 20
Things to consider 20
Valuing your Future Roast 401(k)
account 20
Making your investment elections 21
Making changes to your
investment elections 21
Managing Your Account 22
Account statements 22
Frequent trading 23
Loans 23
Minimum and maximum loan amounts 24
Applying for a loan 24
Loan fees 25
Repaying your loan 25
More about loan defaults 27
Early loan payoff 27
Future Roast 401(k)
Savings Plan
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Starbucks Benefits Plan Description
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Withdrawals During Employment 28
Hardship withdrawals 28
HEART Act (active military) withdrawals 29
Qualified Birth or Adoption Distribution 29
Age 59½ withdrawals 29
Withdrawals from your rollover account 30
Total distribution from
Future Roast 401(k) 30
If you are disabled 30
Recontribution of a CARES Act
withdrawal 30
If You Terminate Employment with
Starbucks and Any Related Company 31
Termination withdrawals 31
Recontribution of a CARES Act
withdrawal after separation 32
Deferred payment 32
Rollover distributions into another plan 32
Pre-tax rollover to a Roth IRA 33
Two ways to roll over your
account balance 33
Requesting a rollover or withdrawal 34
Death benefit 34
Beneficiary designation 35
Administrative Information 35
Your rights and responsibilities 35
Paying income taxes 35
Contributions 36
Hardship withdrawals and taxes 37
Loans and taxes 37
Rollovers 37
Tax-exempt Thrift Savings Plan (TSP)
rollovers 37
Pre-tax rollover to a Roth IRA 37
General Provisions 38
Loss or denial of benefits 38
Rights of participants 38
Plan amendment or termination 38
PBGC coverage 38
Disclaimer 38
Assignments 39
Qualified domestic relations order 39
Responsibility for investment
decisions 39
How 401(k) contributions affect
other benefits 40
Tax treatment 40
Correction of errors 40
Top-heavy provisions 40
Your ERISA Rights 41
Your Rights Under USERRA 42
Plan Funding and Expenses 42
Claims 43
Claiming benefits 43
Procedures for benefit claims 43
Request for review 44
Limitations on legal action 44
Plan information for Starbucks
Corporation 401(k) Plan 45
STARBUCKS FINANCIAL WELL-BEING 46
What is Financial Well-being? 46
My Starbucks Savings 46
Starbucks Financial Resilience Toolkit 47
Starbucks Student Loan Management 48
Other Financial Well-Being Resources 49
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REFERENCE GUIDE
Fidelity NetBenefits
SM
Log on to Fidelity NetBenefits (NetBenefits
SM
) via netbenefits.com
or call Fidelity to speak with a Service Representative for more
information about Future Roast 401(k), such as:
• Eligibility
• Enrollment
• Rollovers
• Account balance
• Investment options and fund prospectuses
• Investment changes
• Loans
• Changing beneficiaries
• Withdrawals and distributions
• Qualified domestic relations orders
Link to Fidelity NetBenefits
SM
via netbenefits.com
or mysbuxben.com
Virtually 24/7
For help with preparing Future Roast 401(k)
Qualified Domestic Relations Orders, link to
qdro.fidelity.com
Fidelity
(866) 697-1048 or (800) 587-5282 (Spanish line)
Representatives available weekdays
530 a.m. – 9 p.m. Pacific Time
Language translation and relay services available
Fidelity® Personalized Planning & Advice
Professional management of the investments in your
Future Roast 401(k) Plan account (optional fee-based service)
Log into netbenefits.com/plan for information on
the fee-based managed account advisory service available
through Fidelity.
(866) 811-6041
Fidelity representatives available weekdays
530 a.m. – 9 p.m. Pacific Time
Savings Team at Starbucks
Available to answer your specific questions about the
Future Roast 401(k) Plan
Starbucks Partner Contact Center
Call Starbucks Partner Contact Center for information about:
• Your paycheck
• Your payroll deductions
• Your payroll taxes
• Your change of address or other personal changes
Starbucks Coffee Company
P.O. Box 34067
Seattle, WA 98124-1067
(888) SBUX-411 or (888) 728-9411 weekdays
5 a.m. – 5 p.m. Pacific Time
Social Security Administration
Call the Social Security Administration or access its website to:
• Learn about Social Security benefits and how to apply
• Understand how Social Security works
• Request your free Personal Earnings and Benefit Estimate Statement
• Locate an office in your area
(800) 772-1213
socialsecurity.gov
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PLAN HIGHLIGHTS
Eligibility Partners on the Starbucks or a participating company’s U.S. payroll who:
• Are at least age 18 and
• Have completed 90 days of employment with Starbucks or any related company
Pre-tax 401(k)
contributions and/or Roth
after-tax contributions
You can choose to contribute from 1% to 75% of your eligible pay each pay period, in a combination of 401(k) pre-tax
and/or Roth after-tax contributions up to the annual IRS limit, $20,500 for calendar year 2022. For partners age 50 or
older in 2022, the IRS limit is $27,000.* Any Starbucks Match contributed to your account does not count toward these
dollar limitations. Your 401(k) pre-tax contributions and/or Roth after-tax contributions are deducted from your pay
and are credited to your account at Fidelity.
* The 2023 contribution limits have not been released by the IRS by the effective date of this document. When available, they will be communicated to
partners and posted on netbenefits.com.
Enrollment Partners will be able to enroll online or by phone starting approximately 75 days prior to attainment of eligibility.
Payroll contributions will start within one to two pay periods after the later of the date you enroll or the date you meet
the Plan’s eligibility requirements (90 days of employment, age 18 and on the Starbucks or a participating company’s
U.S. payroll).
Starbucks Match
(Safe Harbor Match)
Eligible partners who contribute to Future Roast 401(k) will receive matching contributions. As of January 1, 2022, and
for future calendar years (unless changed by Starbucks), the Starbucks Match is 100% of the first 5% of eligible pay*
contributed by eligible participants each pay period.
The Starbucks Match will be contributed along with your 401(k) pre-tax contributions and/or Roth after-tax
contributions each pay period. For any pay period in which you do not make 401(k) pre-tax contributions and/or Roth
after-tax contributions, you will not receive the Starbucks Match.
Eligible participants should consider contributing at least 5% of eligible pay* (in a combination of 401(k) pre-tax and/or
Roth after-tax contributions) each paycheck throughout the calendar year to maximize the Starbucks Match.
The Starbucks Match will be shown in your account as Safe Harbor Match contributions.
* The maximum amount of eligible pay that will be taken into consideration when calculating 401(k) pre-tax and or Roth after-tax contributions
and match for any calendar year is subject to IRS limits ($305,000 for calendar year 2022).
Vesting You are always 100% vested in all your accounts under the Plan, including 401(k) pre-tax, Roth after-tax, Match
(pre-2011), Starbucks Match, and any discretionary profit-sharing and rollover accounts.
Investment options The Plan offers a variety of investment options within the following categories or tiers:
1) target date investment options,
2) U.S. and foreign equity investments,
3) bond and stable value investments, and
4) ESG sustainable investment options.
You may select any one or combination of the investment options offered under the Plan. The default investment
option is the Vanguard Target Retirement Trust Select with the target year closest to the year you will reach age 65. You
can change your investment choices or move your existing account balance to different investment choices any time
(subject to frequent trading restrictions).
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Plan loans You can borrow up to 50% of your account balance, but no more than $50,000 (reduced by your highest outstanding
loan balance in the last 12 months).
The minimum loan amount is $500 and fees are assessed for each loan.
Two types of loans are permitted: General purpose loan (maximum 5-year loan) or primary residence loan (maximum
15-year loan).
You may have no more than one loan of each type outstanding at the same time.
Portability/rollovers You can transfer (roll over) your account to a new employer’s eligible retirement plan or an individual retirement
account (IRA) when you leave Starbucks.
You can roll over your account from another employer’s eligible retirement plan and/or an IRA into the Future Roast
401(k) any time after you are hired if you are on the Starbucks or a participating company’s U.S. payroll.
Tax savings Your 401(k) pre-tax and match accounts (including earnings) accumulate on a tax-deferred basis. No federal income taxes
are due until withdrawn. A 10% early withdrawal penalty may apply in some instances (generally applicable if you are under
age 59½ or if you are separated from Starbucks before age 55 and you take a distribution). You can continue to defer taxes
and avoid the early withdrawal penalty by rolling over your account balance to another employer’s eligible retirement plan
or a traditional IRA. Rollover from your pre-tax and match accounts to a Roth IRA will result in immediate taxation but the
early withdrawal penalty will not apply.
Roth after-tax contributions are made on an after-tax basis and are included in current taxable income. However, Roth
after-tax contributions, and, in certain cases, the earnings on those contributions, are not subject to income taxes when
distributed to you. In order for the earnings to be tax-free, the distribution must be a qualified distribution. A qualified
distribution is a distribution that is taken after you have had a Roth after-tax account in the Plan for at least five years and
after you have (a) reached age 59½, (b) become disabled, or (c) died. In applying the five-year rule, you count from January
1 of the year your first Roth after-tax contribution was made to the Plan (or, if earlier, to another eligible employer plan if
such amount was directly rolled over into this Plan). For example, if you make your first Roth after-tax contribution to the
Plan on November 30, 2022, your five-year period will end on December 31, 2026. It is not necessary to make Roth after-tax
contributions in each of the five years.
While amounts held in your Plan accounts must be paid out during your lifetime (generally starting after
age 72), if you roll your Roth after-tax account out of the Plan and into a Roth IRA prior to that time, you will not be
required to take distributions from your Roth IRA during your lifetime. This means that your Roth amounts, including
any earnings on those amounts, can continue to be tax-free and distributions from the Roth IRA can be postponed until
after your death.
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USING THE PLAN
Transaction When How Effective date
Enroll/start contributing Partners will be able to enroll
online or by phone starting
approximately 75 days prior to
attainment of eligibility
Go to netbenefits.com or
call Fidelity at (866) 697-1048
or (800) 587-5282 (Spanish line),
weekdays 530 a.m. to 9 p.m.
Pacific Time
Payroll contributions will start within
one to two pay periods after the later of
the date you enroll or the date you meet
the Plan’s eligibility requirements (90
days of employment, age 18 and on the
Starbucks or a participating company’s
U.S. payroll)
Starbucks Match The Starbucks Match is 100% of the
first 5% of eligible pay contributed
each pay period. This match rate is
in effect for future calendar years
unless changed by Starbucks.
The Starbucks Match is credited
to participants’ accounts
along with their 401(k) pre-tax
contributions and/or Roth
after-tax contributions
The Starbucks Match is deposited to
your account in the Plan as soon as
administratively possible after each pay
period in which you make 401(k) pre-tax
contributions and/or Roth after-tax
contributions (subject to IRS limits)
Change or stop
contributions
Any time after you start making
401(k) pre-tax and/or Roth
after-tax contributions
Go to netbenefits.com
or call Fidelity
As soon as administratively possible
following the request (usually within
1 to 2 pay periods)
Roll over a pre-tax and/
or Roth after-tax balance
from another employer’s
eligible retirement plan or
an IRA
Any time after you are hired and are
on the Starbucks or a participating
company’s U.S. payroll
Go to netbenefits.com
or call Fidelity
As soon as administratively possible
Change investment
direction for future
contributions
Any time after you start making
401(k) pre-tax and/or Roth
after-tax contributions
Go to netbenefits.com
or call Fidelity
Professional management
of your Plan account is
available through Fidelity
Personalized Planning & Advice,
netbenefits.com/plan
The day you make the change online or
by phone (if before 4 p.m. Eastern Time
or by the daily market close); otherwise,
the next business day excluding NYSE
holidays
Change existing
investment elections;
rebalance or exchange
your current account
balances
Any time after you have a
rollover, 401(k) pre-tax and/or
Roth after-tax account balance
in the Plan (frequent trading
restrictions apply)
Go to netbenefits.com
or call Fidelity
Professional management
of the investments in your
401(k) account is available
through Fidelity Personalized
Planning & Advice,
netbenefits.com/plan
(optional fee-based advisory
service)
The day you make the change online or
by phone (if before 4 p.m. Eastern Time
or by the daily market close); otherwise,
the next business day excluding NYSE
holidays
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Transaction When How Effective date
Request a loan When your account balance is at
least $1,000
Go to netbenefits.com
or call Fidelity
General purpose loan – a check is
generally mailed or via EFT 3-5 business
days after your loan request is processed
Residential loan – application paperwork
mailed to you; check is generally mailed or
via EFT 3-5 business days after request is
received in good order
Request an age 59½
withdrawal
Annually from your 401(k)
pre-tax and/or Roth after-tax
account if you have attained at
least age 59½ and you are
actively employed
Go to netbenefits.com
or call Fidelity
A check is generally mailed or via
EFT 3-5 business days after request
is processed
Request a rollover account
withdrawal
Annually from your pre-tax rollover
account and annually from your
Roth after-tax rollover account if
you are actively employed
Go to netbenefits.com
or call Fidelity
A check is generally mailed or via
EFT 3-5 business days after request
is processed
Request a hardship
withdrawal
When you qualify for and apply for
a hardship withdrawal due to an
immediate, heavy financial need
(as defined in the Plan document).
Go to netbenefits.com
or call Fidelity
Hardship withdrawals are generally
processed within one business day
and mailed or sent via electronic funds
transfer the next business day
Request a final distribution When you leave Starbucks and any
related company for any reason,
you may take a distribution of
your account (in a lump-sum,
partial withdrawal or installment
payments) or roll over your account
into another employer’s eligible
retirement plan or into an IRA
Go to netbenefits.com
or call Fidelity
As soon as administratively possible
after Fidelity has been notified of your
separation, usually within 2-4 weeks
after your change in status
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FUTURE ROAST 401(k)
The Starbucks Future Roast 401(k) Savings Plan (also referred to in this chapter as the “Future Roast 401(k)” or
the “Plan”) can help you build financial security for your retirement and future needs. Through Future Roast
401(k), you can save part of your eligible pay before it is taxed for federal (and in most cases state) income
taxes (referred to as your “401(k) pre-tax contributions”). You can also elect to save part of your eligible pay
after it has been taxed for federal and state income taxes (referred to as your “Roth after-tax contributions”).
The amount you save is subject to FICA taxes. Plus, Starbucks matches a portion of your 401(k) pre-tax and/or
Roth after-tax contributions each pay period. See the section titled Contributions to Your Future Roast 401(k)
Account on page 13 for more details about matching contributions.
You decide how your entire Future Roast 401(k) account is invested among a variety of available investment
funds. You do not pay federal (and in most cases state) income taxes or penalties on the pre-tax money in
your Future Roast 401(k) account until it is distributed to you. If you timely roll your pre-tax account balance
into a traditional IRA or another employer’s eligible retirement plan when you separate from Starbucks and
any related company, you can continue to defer income taxes on your pre-tax account balance. Distributions
of your Roth after-tax contributions are tax- free. However, distribution of the earnings on those contributions
will be subject to income tax unless they are part of a qualified distribution. A qualified distribution is one that
is taken after you have had a Roth after-tax account in the Plan for at least five years and after you have (a)
reached age 59½, (b) become disabled, or (c) died. In applying the five year rule, you count from January 1 of
the year your first Roth after-tax contribution was made to the Plan (or, if earlier, to another eligible employer
plan if such amount was directly rolled over into this Plan). For example, if you make your first Roth after-tax
contribution to the Plan on November 30, 2022, your five-year period will end on December 31, 2026. It is not
necessary to make Roth after-tax contributions in each of the five years.
This chapter serves as the summary plan description (SPD) for the Future Roast 401(k) and summarizes the
Plan’s most important provisions as in effect on October 1, 2022. It applies to employees of Starbucks and
any participating company (as defined on page 45) who are eligible on or after that date. If your
employment with Starbucks or a participating company has terminated, portions of this SPD may not apply
to you. Within the SPD, references to “Starbucks” is intended to include Starbucks and any participating
company. Generally, your rights to benefits are governed by the terms of the Plan as in effect at the time your
employment terminated.
Please keep in mind that this SPD is only a summary of the principal features of the Plan. Although every
effort has been made to make this SPD as complete and accurate as possible, it is not a substitute for the Plan
document itself. The detailed provisions of the Plan document, not this SPD, govern the administration of the
Plan and the actual rights and benefits to which you are, or may become, entitled. Accordingly, in case of any
conflict between this SPD and the terms of the Plan document, the Plan document will control.
Este folleto contiene un resumen en inglés de los derechos y beneficios de su plan conforme al Plan de Ahorro
401(k) Starbucks Future Roast. Si tiene problemas para entender cualquier apartado de este folleto, envíe sus
preguntas a [email protected]. También puede escribirle a la Sra. Lisa Coutts, Savings and Retirement
Plan Administrator, Starbucks Corporation, 2401 Utah Ave S., MS: HR-3, Seattle, WA 98134. Asimismo, puede
llamar al despacho de la administradora del plan al (888) SBUX-411 or (888) 728-9411 para solicitar ayuda.
Horarios de atención: de lunes a viernes, de 7:30 a.m. a 4:30 p.m., hora del Pacífico.
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WHY SAVE IN FUTURE ROAST 401(k)?
The Future Roast 401(k) offers several important advantages over typical savings accounts:
• Your taxable pay is reduced because your 401(k) pre-tax contributions are not subject to federal and, in
most cases, state income taxes until they are withdrawn.
• While Roth after-tax contributions are made on an after-tax basis, any earnings are tax-free if they are
part of a qualified distribution.
• If you meet the eligibility requirements and contribute to the Plan, you will share in the Starbucks Match.
The Starbucks Match is contributed each pay period when you make 401(k) pre-tax contributions and/or
Roth after-tax contributions from your eligible pay
1
.
• Your 401(k) pre-tax contributions and any Starbucks matching contributions — plus any earnings — are not
subject to federal (and in most cases state) income tax until you take a distribution of your account balance
without timely rolling it over.
• You may be eligible for a federal tax credit on your tax return of up to 50% on the first $2,000 you
contribute ($4,000 if married filing jointly) to Future Roast 401(k) (certain income limits apply). For more
information about this special tax credit, see Tax credit for eligible savers on page 16.
Future Roast 401(k) is completely portable — meaning you can take your money with you if you are no longer
employed by Starbucks and any related company. If you withdraw your account balance upon your separation,
the taxable portion of your distribution may be subject to 20% mandatory withholding and possibly a 10%
early withdrawal penalty. Upon your separation, you may also be able to roll over (transfer) your account
balance into another employer’s eligible retirement plan, such as a 401(k) plan, 403(b) plan or 457 plan, or to a
traditional or Roth individual retirement account (IRA). Except for a rollover of your pre-tax balance into a Roth
IRA, when you roll over your Future Roast 401(k) account to another eligible retirement plan, you postpone
paying federal (and in most cases state) income taxes on your pre-tax money until required by the IRS (i.e.,
upon withdrawal or age 72 required minimum distribution payout). See Paying income taxes on page 35
for more information.
ELIGIBILITY
In general, you are eligible to contribute to Future Roast 401(k) if you satisfy each of the following conditions:
• Are on the Starbucks or a participating company’s U.S. payroll
• Are at least age 18, and
• Have completed 90 days of employment with Starbucks or any related company.
Different eligibility requirements may apply if you are employed by an entity that was recently acquired. See
Special eligibility rules for employees of acquired companies on page 11 for more information.
You are not eligible to contribute to Future Roast 401(k) if you are:
• Under age 18,
• Covered by a collective bargaining agreement, unless your bargaining agreement provides for participation
in Future Roast 401(k),
• Treated by Starbucks as an independent contractor or consultant,
• Leased as an employee from another company,
• Not on the Starbucks or a participating company’s U.S. payroll — such as a nonresident alien with no
U.S. source of income,
1 The maximum amount of eligible pay that will be taken into consideration when calculating 401(k) pre-tax and/or Roth after-tax
contributions and the Starbucks Match for any calendar year is subject to IRS limits ($305,000 for calendar year 2022).
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• Assigned to work overseas or in a foreign country permanently or indefinitely, or
• Not classified by Starbucks as an employee even if it is later determined that you were an employee.
A participating company is one that is wholly owned or partially owned by Starbucks Corporation and that has
adopted Future Roast 401(k) for its eligible partners.
If you are rehired
If you leave before 90 days of employment and are rehired
If you leave Starbucks and any related company before you have completed 90 days of employment and
are rehired within 12 months of leaving Starbucks and any related company, your time away counts toward
the 90-day eligibility requirement. If you are rehired after 12 months of leaving Starbucks and any related
company, your time away does not count for service credit. However, you still receive credit for the days
you had originally worked. Special rules may apply if you were separated from Starbucks or a participating
company for more than five years.
In certain circumstances, if you enroll prior to your eligibility date and subsequently separate employment
and rehire within 30 days of your date of termination, your prior enrollment election will apply to your future
eligible pay until changed by you. This 30-day period may be longer depending on your actual rehire date and
processing dates. If you believe this situation applies to you, you may contact Fidelity for confirmation of your
election status or to make another election.
Please contact the Starbucks Savings team via email at [email protected]om for more information.
Special eligibility rules for employees of acquired companies
Certain prior service for acquired companies is counted for purposes of eligibility as follows:
• Pasqua Coffee — Prior service counted for partners who were employed by Pasqua Coffee on March 1, 1999.
• Tazo, LLC — Prior service counted for partners who were employed by Tazo, LLC on January 20, 1999.
• Tympanum, Inc. (Hear Music) – Prior service counted for partners who were employed by Tympanum, Inc.
on October 18, 1999.
• Seattle’s Best Coffee LLC and Torrefazione Italia LLC – Prior service counted for partners who were
employed by Seattle’s Best Coffee LLC or Torrefazione Italia LLC on July 14, 2003.
• Coffee Equipment Company — Prior service counted for partners who were employed by Coffee
Equipment Company on or before April 1, 2008.
• Evolution Fresh — Prior service counted for partners who were employed by Evolution Fresh, Inc. on
November 10, 2011.
• Bay Bread, LLC and The New French Bakery, Inc. — Prior service counted for partners who were employed
by Bay Bread, LLC or the New French Bakery, Inc. on January 1, 2013.
• Teavana — Prior service counted for partners who were employed by Teavana Corporation on March 8, 2013.
If you are rehired and were previously eligible
If you left Starbucks and any related company after meeting the Plan’s eligibility requirements, you may be
immediately eligible to begin contributing to Future Roast 401(k) upon your rehire by a participating company.
Special rules may apply if you were separated from Starbucks or a participating company for more than five
years and in certain other situations. Please contact the Starbucks Savings team via email at
[email protected]om for more information if this applies to you.
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ENROLLING IN FUTURE ROAST 401(k)
You can enroll starting approximately 75 days prior to attainment of eligibility. Your payroll contributions will
start within one to two pay periods after the later of the date you enroll or the date you meet the Plan’s eligibility
requirements (90 days of employment, age 18 and on the Starbucks or a participating company’s U.S. payroll).
Participants will receive information from Fidelity containing enrollment instructions and Plan information
utilizing your email address and/or home address on file with Starbucks before you are expected to meet
the eligibility requirements and if you have not yet enrolled. If you meet the eligibility requirements and
you do not receive enrollment instructions from Fidelity, contact the Starbucks Savings team via email at
[email protected]om. You will need your Social Security number (Customer ID) in order to set up your
Personal Identification Number (PIN) when you enroll via the NetBenefits
SM
website or by phone. If you
already have an account with Fidelity, you will use the same Customer ID and PIN to enroll.
To enroll:
• Go online via the NetBenefits
SM
website at netbenefits.com 24 hours a day, seven days a week
• Speak with a Fidelity representative at (866) 697-1048 or (800) 587-5282 (Spanish line), weekdays from
5:30 a.m. to 9 p.m. Pacific Time, or
• Go to the Partner Hub under “Stock and Retirement Plans” on the Benefits tab. Click on “Future Roast
401(k)” to access Plan information and to link to NetBenefits
SM
to enroll.
Once you have completed your Future Roast 401(k) enrollment, your elections generally take effect within two
paychecks after the later of the date you meet the Plan’s eligibility requirements or the date you enroll.
Beneficiary designations
When you enroll, you must name one or more beneficiaries for your Future Roast 401(k) account. Your
beneficiary receives your account balance if you die. If you are married, your spouse is automatically your
beneficiary unless your spouse agrees in writing, with a notarized consent, to name another beneficiary.
Your spouse for purposes of Future Roast 401(k) means your “spouse” for federal income tax purposes.
Review, designate or change your beneficiary information online by accessing the NetBenefits
SM
website at
netbenefits.com, or by speaking with a Fidelity Representative at (866) 697-1048 or (800) 587-5282 (Spanish
line) to request a beneficiary designation form. If, at the time that you make your beneficiary designation,
you confirm that you are legally married, a spousal consent form will automatically be mailed to you for your
spouse’s signature if you name someone other than your spouse as your beneficiary. Your properly completed
beneficiary designation will become effective once the spousal consent is received by Fidelity.
If you do not have a valid beneficiary designation at the time of your death (i.e., you do not name a beneficiary,
you improperly complete the beneficiary designation form, you didn’t obtain any required spousal consent
or your designated beneficiary predeceases you) your Future Roast 401(k) account balance will be distributed
based on the following “hierarchy” or order:
1) Your spouse at the time of your death will automatically be your primary beneficiary (if you are married at
the time of your death),
2) In the event no such spouse survives you, your children (including natural and adopted children) will be
entitled to equal shares,
3) In the event no such spouse or child survives you, your estate will receive the balance of your Future Roast
401(k) account.
Refer to the Death benefit on page 34 for more information.
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CONTRIBUTIONS TO YOUR FUTURE ROAST 401(k) ACCOUNT
Your account can include several types of contributions:
• Your 401(k) pre-tax and/or Roth after-tax contributions deducted from your paycheck,
• Starbucks matching contributions,
• Rollover contributions, including (but not limited to) pre-tax, Roth after-tax, and tax-exempt
Thrift Savings Plan (TSP) contributions that you rolled over into this Plan,
• Contributions from another 401(k) plan that was merged into this Plan,
• Qualified non-elective contributions,
• Qualified matching contributions, and
• Starbucks discretionary profit-sharing contributions.
401(k) payroll contributions
In general, you can contribute from 1% to 75% of your eligible pay to Future Roast 401(k) each pay period, in
a combination of 401(k) pre-tax and/or Roth after-tax contributions, up to the annual IRS limit, $20,500¹
for calendar year 2022. For partners age 50 or older in 2022, the IRS limit is $27,000¹. These additional
contributions for partners age 50 or older are called “catch-up” contributions. These limits apply to only your
401(k) pre-tax and Roth after-tax contributions (and not to any of the other types of contributions listed
above). For example, if you are age 45 and you make 401(k) contributions in calendar year 2022 totaling
$20,500 and you receive Starbucks Match of $5,000, you have not exceeded the limits. Your 401(k) pre-
tax contributions and/or Roth after-tax contributions are deducted from your pay and are credited to your
account at Fidelity. Note that "catch-up" contributions do not require a separate election. Based on your
contribution rate, and during any year in which you are at least age 50, your payroll contributions will simply
continue until you reach the higher IRS limit applicable to partners who are "catch-up" eligible.
Your 401(k) pre-tax contributions are deducted from your eligible pay before federal (and in most cases state)
income taxes are calculated and withheld. This means you defer paying income taxes on your 401(k) pre-tax
account balance until you withdraw it. Your Roth after-tax contributions are deducted each pay period from
your eligible pay after your income taxes are taken out. Therefore, your take home pay will be less if you are
making Roth after-tax contributions than it would be if you were making the same amount of 401(k) pre-tax
contributions. The annual IRS limit applies to your combined 401(k) pre-tax and Roth after-tax contributions
in the Plan, and your pre-tax and Roth after-tax contributions to all other retirement plans (e.g., other 401(k)
plans, 403(b) plans and 457 plans) during the calendar year. The maximum amount of eligible pay that will be
considered annually when calculating your 401(k) pre-tax contributions and/or Roth after-tax contributions
and Starbucks Match is $305,000¹ for calendar year 2022. Some additional contribution limits may apply,
depending on your contribution rate, pay or position. These limitations are described in more detail in the
following pages.
1 These IRS limits are subject to annual cost of living adjustments published by the IRS.
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Starbucks Match
The Future Roast 401(k) provides for a matching contribution (as described below and on the following page).
Eligible partners who contribute to Future Roast 401(k) will receive the Starbucks Match. For the 2022 calendar
year and for future calendar years (unless changed by Starbucks), the Starbucks Match is 100% of the first
5% of eligible pay contributed by eligible participants each pay period. For any pay period in which you don't
make 401(k) pre-tax or Roth after-tax contributions, including those pay periods in which your contributions
are suspended due to reaching an IRS or Plan limit, no Starbucks Match will be contributed. Starbucks Match is
referred to as “Safe Harbor Match” in your account at netbenefits.com.
Your contribution as percentage of eligible pay Starbucks Match - 100% of the first 5% of eligible pay per
pay period. Maximum match = 5%
1%
100% match
2%
3%
4%
5%
The Starbucks Match will be contributed along with each participant’s 401(k) pre-tax and/or Roth after-tax
contributions each pay period to his or her account. All Starbucks Match contributions are immediately 100%
vested. This means you own Starbucks Match contributions as soon as they are deposited to your account.
Eligible pay
Eligible pay¹ for purposes of determining your 401(k) pre-tax and/or Roth after-tax contributions, Starbucks Match
and Starbucks discretionary profit-sharing contributions is generally defined as your regular salary or wages,
overtime and cash bonuses (except sign-on bonuses). Excluded from eligible pay are (1) distributions from the
Management Deferred Compensation Plan and taxable distributions from an unfunded, nonqualified plan of
deferred compensation, (2) CUP Fund payments, (3) tips (except for digital tips), (4) allowances, (5) gifts and
awards (unless designated by Starbucks as includable in eligible pay at the time of the award), (6) severance pay,
(7) non-U.S. source income, (8) amounts paid after the first pay period following severance from employment,
(9) child day care scholarships, (10) short-term and long-term disability payments, (11) differential wage payments
p
aid to partners in qualified military service, (12) any compensation for services paid to a nonresident alien who
is not a participant, (13) any amounts that would not be payable in cash, and (14) any other items excluded from
eligible pay as provided by the Plan document.
401(k) pre-tax and/or Roth after-tax contributions to Future Roast 401(k) are deducted from your eligible
pay each pay period according to your enrollment election. These deductions typically begin as soon as
administratively possible after the later of the date you enroll or the date you meet the Plan’s eligibility
requirements (usually within one to two pay periods). You can change, stop and restart your contributions at
any time without penalty. Contribution changes typically occur within two paychecks of your request.
Exceeding IRS limits in a calendar year
Controls are in place to appropriately limit your combined 401(k) pre-tax and/or Roth after-tax contributions
under the Future Roast 401(k) each calendar year. These controls are set to the appropriate IRS limit applicable
to you based on whether you will attain at least age 50 during the calendar year. However, in the event your
total 401(k) pre-tax and/or Roth after-tax contributions to the Future Roast 401(k) for a calendar year exceed
1 The maximum amount of eligible pay that will be taken into consideration when calculating 401(k) pre-tax and/or Roth after-tax
contributions and the Starbucks Match for any calendar year is subject to IRS limits ($305,000 for calendar year 2022).
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the IRS dollar limit for that year, the excess amount (referred to as "excess deferrals") will automatically be
distributed to you, adjusted for gains or losses. Starbucks matching contributions relating to any returned
excess deferrals will be forfeited.
Excess deferrals may also occur if you participated in both the Future Roast 401(k) and in a retirement plan
such as a 401(k), 403(b) or 457(b) plan maintained by another employer in the same calendar year. In this
situation, the monitoring and determination of whether an excess has occurred is your responsibility. The
excess amount, adjusted for gains or losses, is subject to federal (and in most cases state) income tax (to the
extent the excess is not attributable to Roth after-tax contributions) and must be returned to you by April 15 of
the following year to avoid adverse tax consequences. If this situation applies to you:
• You will need to decide which plan you wish to designate as the plan with the excess amount. To designate
the Future Roast 401(k), contact Fidelity at (866) 697-1048 by March 15 following the calendar year in
which your excess deferrals were made and request the Return of Excess Contributions form. You may
also find this form on netbenefits.com or on Partner Hub, under Benefits, then Future Roast 401(k). Your
excess deferrals will be returned to you, adjusted for gains or losses, by April 15 following the calendar year
in which your excess deferrals were made. 401(k) pre-tax contributions will be returned before Roth after-
tax contributions unless you elect otherwise. Applicable federal (and state) income taxes on any pre-tax
amounts being returned to you will be withheld. Starbucks matching contributions relating to any returned
excess deferrals will be forfeited along with any related gains or losses.
• If you fail to request the distribution of your excess deferrals by March 15 (resulting in the inability for the
Plan to process this refund by April 15), the excess amount is prohibited from being distributed until the
rest of your account is distributed. In this instance, you may end up paying income tax on the pre-tax
portion of any excess twice – once in the year in which the excess deferrals were made and again when
such excess amount is actually distributed to you.
If you feel this situation may apply to you, please contact Fidelity directly at (866) 697-1048.
If you are considered a highly compensated partner (as defined below), you may be further limited in the
amount you can contribute to Future Roast 401(k) in the event the Plan does not qualify for Safe Harbor status
in any given year. You will be notified if this applies to you.
Highly compensated definition for 2022
Partners are considered by the IRS to be highly compensated employees (HCEs) in 2022 if
they earn more than $130,000 gross pay (excluding Management Deferred Compensation
Plan deferrals) in the prior calendar year (2021) or if they are more than a 5% owner of
Starbucks. This compensation threshold is determined annually by the IRS and may be
increased in future years based on inflation.
Your 401(k) pre-tax and/or Roth after-tax contributions to your Future Roast 401(k) account will automatically
be suspended during the plan year when your total Future Roast 401(k) contributions have reached the
maximum allowed by law or the Plan. Beginning with the first paycheck of the following plan year, your 401(k)
pre-tax and/or Roth after-tax contributions will automatically resume at the rate they were when they were
discontinued unless you elect otherwise.
Safe Harbor Plan qualification
In any year in which the Starbucks Match (Safe Harbor Match) is made and the Plan meets the requirements to
qualify as a Safe Harbor Plan, the Future Roast 401(k) will automatically pass the applicable nondiscrimination
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tests. This means that highly compensated partners will not have additional refunds or limits imposed on them
due to nondiscrimination test results for the applicable year.
Discrimination test annual limit
In any year in which Starbucks is required to test the Plan for compliance with IRS nondiscrimination
regulations, limits may be imposed on certain highly compensated partners or refunds may be required. The
nondiscrimination regulations place limits on the amount that highly compensated partners can contribute
to Future Roast 401(k) as compared to contributions by non-highly compensated partners. If the limits are
exceeded, the Plan may be required to return to certain highly compensated partners a portion of their 401(k)
pre-tax and/or Roth after-tax contributions (and associated earnings), called excess contributions, made
during the plan year. A portion of Starbucks matching contributions, if any, (and associated earnings) may also
be considered excess contributions. You will be notified if these limits apply to you.
As an alternative, Starbucks may choose to make a 100% vested qualified non-elective contribution to the
Plan to satisfy all or a portion of the nondiscrimination regulations. Such contribution will be allocated to any
or all of the members of the non-highly compensated group who have met the eligibility requirements as
determined by Starbucks in accordance with the nondiscrimination regulations.
Tax credit for eligible savers
In addition to the tax advantages of participating in Future Roast 401(k), by contributing to the Plan you may
be eligible to receive a federal tax credit called the Saver’s Credit. The Saver’s Credit is up to 50% of your Plan
contributions depending on your adjusted gross income on your federal tax return (certain income limits
apply). Since the Saver’s Credit is not a deduction, it is used to reduce your tax payment to the IRS dollar for
dollar. The Saver’s Credit applies to the first $2,000 you contribute ($4,000 if married filing jointly). Certain
plan distributions in the same year may offset or limit your Saver’s Credit. A taxpayer who is younger than 18, a
full-time student, or who is claimed as a dependent on someone else’s return is not eligible for the Saver’s Credit.
For more information, contact your tax advisor or financial planner.
Rollover contributions
If you participated in a prior employer’s eligible retirement plan or if you have an individual retirement account
(IRA), you may be able to roll over the taxable portion of your account in that plan or IRA into the Future Roast
401(k) as soon as you are hired at Starbucks. Your rollover account is always 100% vested and belongs to you.
You will need to select your investment options at the time of your rollover.
Amounts that you can roll over
1
include:
• Pre-tax balances from your previous employer’s eligible retirement plan, including a Code Section 401(a)
qualified plan, a federal Thrift Savings Plan, a Code Section 403(b) annuity contract, or a Code Section
457(b) eligible deferred compensation plan,
• Direct rollover of Roth after-tax contributions from your previous employer’s eligible retirement plan,
including a Code Section 401(a) qualified plan, a federal Thrift Savings Plan, a Code Section 403(b)
annuity contract, or a Code Section 457(b) eligible deferred compensation plan,
• Direct rollover of tax-exempt amounts in uniformed services accounts in the Thrift Savings Plan for
federal employees,
• Balances from a traditional IRA, including conduit, SEP and Simple IRAs,
• Eligible retirement plan distributions that you receive as a surviving spousal beneficiary or as an
alternate payee under a Qualified Domestic Relations Order (QDRO), and
1 Subject to change. Please refer to the current Rollover Contribution Instructions and Application for eligible rollover sources
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• Distributions from 403(a) annuity plans.
Some payments that are not eligible for rollover into Future Roast 401(k) include:
• Periodic payments made to you from a previous employer’s eligible retirement plan that are scheduled to
last over a period of 10 years or more,
• Required minimum distributions (usually due to reaching age 72 or retiring) from previous employers’
eligible retirement plans,
• Non-taxable distributions received from previous employers’ eligible retirement plans (i.e., distributions of
after-tax contributions — pay you put into a savings plan after you have paid income taxes on it),
• Amounts held in a Roth IRA or a Coverdell Education IRA,
• Hardship withdrawals,
• Distributions from retirement plans of foreign countries, and
• In-kind distributions of employer stock.
For more information about rollover contributions, or to request a rollover contribution form, log on to
NetBenefits
SM
at netbenefits.com, on Partner Hub or call Fidelity at (866) 697-1048 (or (800) 587-5282 for a
Spanish speaking representative).
Starbucks discretionary profit-sharing contributions
In any plan year, Starbucks may choose to make a profit-sharing contribution to Future Roast 401(k). Any profit-
sharing contribution is solely at Starbucks discretion.
Partners eligible to participate in Future Roast 401(k) are eligible for a profit-sharing contribution, even if they
have never enrolled in Future Roast 401(k) or are not currently making 401(k) pre-tax and/or Roth after-tax
contributions. However, discretionary profit-sharing contributions will only be allocated to partners who are
actively employed by Starbucks or any participating company on the last day of the plan year (December 31)
and to partners who terminated employment during the plan year due to death, disability or retirement at or
after age 65.
The amount of any profit-sharing contribution allocated to an eligible partner’s account will be a percentage
of the total profit-sharing amount allocated to Future Roast 401(k). The eligible partner’s percentage will be
determined by dividing the partner’s eligible pay by the total eligible pay of all eligible partners. Eligible pay,
for purposes of allocating profit-sharing contributions, is the same as eligible pay for purposes of determining
your 401(k) pre-tax and/or Roth after-tax contributions and calculating the Starbucks Match as described
in Eligible pay on page 14, and is subject to the annually indexed IRS compensation limit ($305,000 for
calendar year 2022).
If a profit-sharing contribution is approved, more information will be provided at the time the contribution is
made to participant accounts.
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INVESTMENT OPTION TIERS
The Future Roast 401(k) offers a variety of investment options under four different categories or tiers as
provided below. You may choose to invest your account balance in any one or combination of such
investment options.
Tier 1 - Target Date Retirement Investments
To help you meet your investment goals, the Plan offers target date investment options (with different
allocations of stocks, bonds, and short-term investments) that vary in risks and returns. The year in the trust
name refers to the approximate year (the target date) when an investor in the trust would retire. For instance,
if you were born in 1980, you might choose the 2045 Target Retirement Trust Select because that is the year in
which you will attain age 65 (retirement). The trust will gradually shift its emphasis from more aggressive
investments (stocks) to more conservative ones (bonds and short-term reserves) based on its target date.
Investment performance in a Target Retirement Trust Select is not guaranteed at any time, including on or after
the target date.
Each Target Retirement Trust Select is designed so that it can be selected as a single stand-alone age-
appropriate investment based on the participant's default date of retirement (although there is no
requirement for the participant to select it as his or her only investment under the Plan).
A Target Retirement Trust Select 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 subsidiary of The Vanguard Group, Inc.
Tier 2 - U.S. and Foreign Equity Investments
The funds in this category primarily focus their investments in the stock of public companies of varying sizes.
Depending on the fund, the companies can be based in the United States or internationally. Both actively
managed funds and passively managed index funds are included in this tier.
Tier 3 - Bond and Stable Value Investments
The funds in this category primarily focus their investments in bonds and other debt instruments. Depending
on the fund, investments are predominantly issued in the U.S. and may include government, corporate, or
inflation-protected bonds. Both actively managed funds and passively managed index funds are included in
this tier.
Tier 4 - ESG Sustainable Investments
These options take into consideration ESG (Environmental, Social and Corporate Governance) factors along
with financial factors in their investment decision making process. Both actively managed funds and a
passively managed index fund are included in this tier.
By selecting a combination of investment funds from the various tiers above, you can create an investment mix
that best suits your investment goals, time horizon and tolerance for risk. Each fund has a different objective
and strategy.
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Tier 1 - Target Date Retirement Investments
Vanguard Target Retirement Income Trust Select
Vanguard Target Retirement 2020 Trust Select
Vanguard Target Retirement 2025 Trust Select
Vanguard Target Retirement 2030 Trust Select
Vanguard Target Retirement 2035 Trust Select
Vanguard Target Retirement 2040 Trust Select
Vanguard Target Retirement 2045 Trust Select
Vanguard Target Retirement 2050 Trust Select
Vanguard Target Retirement 2055 Trust Select
Vanguard Target Retirement 2060 Trust Select
Vanguard Target Retirement 2065 Trust Select
Vanguard Target Retirement 2070 Trust Select
Tier 3 - Bond and Stable Value Investments
PIMCO Real Return Fund Institutional Class
Dodge & Cox Income Fund Class X
Vanguard Institutional Total Bond Market Index Trust
Wells Fargo Stable Value Fund E
Tier 2 - U.S. and Foreign Equity Investments
Winslow Large Cap Growth Fund Class I
Vanguard Institutional 500 Index Trust
Boston Partners Large Cap Value Equity Fund Class D
William Blair Small-Mid Cap Growth CIT Class III
Goldman Sachs Small Cap Value Fund Class R6
Vanguard Small Cap Index Fund Institutional Shares
MFS International Equity Fund Class 4
Vanguard Institutional Total International Stock Market Index Trust
Tier 4 - ESG Sustainable Investments
Legal & General Future World Developed Climate Change CIT Class A
Hartford Global Impact Fund Class R6
Nuveen Core Impact Bond Fund Class I
The investment options listed above are current as of July 1, 2022 and are subject to change. You can find more
detailed information about the current investment options by visiting NetBenefits
SM
at netbenefits.com or by
calling Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking representative).
Your total account balance is affected by the performance of your Future Roast 401(k) investments.
The importance of diversifying the investment of your accounts
To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-
balanced and diversified investment portfolio. Spreading your assets among different types of investments
can help you achieve a favorable rate of return, while minimizing your overall risk of loss. This is because market
or other economic conditions that cause one category of assets, or one particular security, to perform very well
often cause another asset category, or another particular security, to perform poorly. If you invest more than
20% of your savings in any one company or industry, your savings may not be properly diversified. Although
diversification is not a guarantee against loss, it is an effective strategy to help you manage investment risk.
In deciding how to invest your savings, you should consult your personal advisor and take into account all of
your assets, including any savings outside of the Plan. No single approach is right for everyone because, among
other factors, individuals have different financial goals, different time horizons for meeting their goals, and
different tolerances for risk.
It is also important to periodically review your investment portfolio, your investment objectives and the
investment options to help ensure that your savings will meet your goals. You are solely responsible for investment
decisions under the Plan. Refer to Responsibility for investment decisions on page 39 for more information.
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The Future Roast 401(k) default investment
If you are participating in the Plan but you did not choose specific investment options, the Plan automatically
invests your existing balance and future contributions in the “default” investment option unless and until you
make an investment choice. The designated default investment option is the Vanguard Target Retirement Trust
Select with the target year closest to the year you will reach age 65.
For more information
More information about all of the investment options available in the Future Roast 401(k) can be obtained:
• On NetBenefits
SM
via netbenefits.com by clicking on the “Investment Performance and Research” link
under “Quick Links.”
• By speaking with a Fidelity representative at (866) 697-1048 or (800) 587-5282 (Spanish line) weekdays
from 5:30 a.m. to 9 p.m. Pacific Time.
• By calling (866) 811-6041 to inquire about Fidelity
®
Personalized Planning & Advice, an optional fee-based
managed account advisory service, or by logging on to netbenefits.com/plan.
Things to consider
Starbucks cannot provide investment advice. Each individual has their own unique investment time horizon
and risk tolerance. It is important for you to review the prospectus, the descriptions of the investment options
offered within the Future Roast 401(k) and all other available materials and resources to help you make
well-informed choices. You can access this information as well as tools for helping you determine the right
investment mix based on your needs by logging on to netbenefits.com. Additionally, partners have access
to enroll in professional management of their Future Roast 401(k) investments through Fidelity
®
Personalized
Planning & Advice, a fee-based managed account advisory service. Go to netbenefits.com/plan for more
information.
All investing is subject to risk. Investments in bond funds are subject to interest rate, credit, and inflation risk.
Diversification does not ensure a profit or protect against a loss in a declining market.
Each individual should carefully consider their investment objectives, risk tolerance, and the expenses and
charges associated with any option before investing.
Valuing your Future Roast 401(k) account
When you and Starbucks contribute to your Future Roast 401(k) account and you direct this money into the
investment funds, these funds can earn interest, dividends and capital gains (generally referred to as earnings
or gains). Sometimes your investment funds will record losses. These gains and losses are determined and
applied proportionately to your account through a process known as valuation.
Your account will typically be valued every business day the U.S. stock and bond markets are open. The
gain or loss from each of your funds is calculated based on the change in value of the underlying securities
each fund owns and any additional income since the previous day’s valuation. Fund expenses – such as
management fees, brokerage and transaction costs – are then subtracted, and the net gain or loss is allocated
proportionately to the number of shares you hold in your account.
In addition to your investment fund value changes, your account value is adjusted for contributions,
withdrawals and loan repayments. On occasion, Starbucks may need to delay or temporarily stop daily
valuation for special activities, such as changing Plan record keeping or investment funds.
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Making your investment elections
Before making your investment choices, be sure to read the detailed fund descriptions and prospectuses
available through NetBenefits
SM
at netbenefits.com or by calling Fidelity at (866) 697-1048 or (800) 587-5282
for a Spanish speaking representative. Also refer to Responsibility for investment decisions on page 39.
You can choose to invest in any one or combination of the investment options offered under the Plan. Your
investment elections must be made in whole percentages and must add up to 100%. If you choose to invest
in the target date investment options, it is recommended that you select the option that is closest to the date
you will reach age 65, although it is not required.
If you fail to make a valid investment election when you enroll, your account will be invested in the default
investment option, which is the Vanguard Target Retirement Trust Select with the target year closest to the
year you will reach age 65. Any Starbucks Match and discretionary profit-sharing contributions (if any) are
invested in the same funds you elect for your 401(k) pre-tax and/or Roth after-tax contributions.
Making changes to your investment elections
As with all investment decisions, participants are encouraged to review their own specific goals and risk
tolerance prior to investing in any fund(s).
Future contributions
You can change your investment elections for your future contributions at any time. Your investment election
changes will go into effect and apply to contributions starting within one to two business days of your election.
Existing account balance
The Future Roast 401(k) allows participants to change the investment of their existing account balance by using
the following transfer options:
• Change Future Investment Elections
• Exchange One Investment
• Exchange/Rebalance Multiple Investments
Change Future Investment Elections: You may elect to choose how your future contributions will be invested.
Your contribution sources, i.e., pre-tax, Roth after-tax, rollover accounts, Starbucks Match, Pre-2011 match
are all invested the same way, with the investment fund choices and percentages applied based on your
investment election.
Exchange One Investment: The exchange feature allows you to move a specific dollar amount or specific
percentage of a single fund to one or more funds. Exchanges are allowed at any time; however, there are
certain limitations and restrictions. For more information on Fidelity’s frequent trading policies, see
Frequent trading on page 23.
Exchange/Rebalance Multiple Investments: The rebalance feature allows you to change the allocation of your
existing account balance among the investment options on a percentage basis. When rebalancing, you would
consider your entire account balance and determine the percentage that you would like to invest in each
fund, so that in total 100% of your account balance is reallocated among the funds you choose. Rebalancing is
allowed at any time; however, there are certain limitations and restrictions. For more information on Fidelity’s
frequent trading policies, see Frequent trading on page 23.
Investment changes to your existing account balances received by stock market close (typically 1:00 p.m.
Pacific Time) will take effect the same business day. Investment changes received after market close will
transact the next business day. Investment changes you make to your existing account balances will apply
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to all your Future Roast 401(k) accounts, including any merged plan account and discretionary profit-sharing
contribution account.
You may make separate investment elections for your core accounts, which include your 401(k) pre-tax, Roth
after-tax and matching accounts (i.e. Match (pre-2011) and Safe Harbor Match) including earnings. Separate
investment elections may also be made for any rollover accounts including any pre-tax rollover account, Roth
after-tax rollover account and tax-exempt TSP rollover account.
How to make a change
You can make investment option changes, obtain additional information including fund performance and
expense and fee information, or access updated information about your Future Roast 401(k) accounts by:
• Logging on to NetBenefits
SM
at netbenefits.com.
• Calling Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking representative), weekdays
5:30 a.m. to 9 p.m. Pacific Time.
• You can also access NetBenefits
SM
via the Partner Hub under “Stock and Retirement Plans” on the Benefits
tab. Click on “Future Roast 401(k)” to access Plan information and to link to NetBenefits
SM
to enroll. Or log
into mysbuxben.com and click on the “Other Benefits” tab on the top, then click on “Your 401(k) or
Bean Stock” to link to NetBenefits
SM.
Partners can elect to enroll in professional management of their Future Roast 401(k) investments
through Fidelity
®
Personalized Planning & Advice, a fee-based managed account advisory service. Go to
netbenefits.com/plan for more information.
MANAGING YOUR ACCOUNT
You can request the following transactions online via NetBenefits
SM
at netbenefits.com or by contacting
Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking representative):
• Review your account balances.
• Review, increase or decrease your contribution percentage rate.
• Review fund information.
• Review or change your investment choices.
• Exchange or rebalance your account balances among the available investment funds.
• Designate your beneficiary.
• Manage a rollover.
• Request a loan.
• Request a hardship withdrawal.
• Request an in-service non-hardship withdrawal (i.e., age 59½ or rollover account withdrawal)
• Request a distribution following disability or separation from employment.
You can also review a summary of Future Roast 401(k) provisions by accessing “Plan Information and
Documents” under “Quick Links” on NetBenefits
SM
at netbenefits.com.
Account statements
Each quarter, Fidelity will make available a Future Roast 401(k) account statement online at netbenefits.com.
You will receive notification from Fidelity via email or postcard about the availability of your statement online.
The statement details all activity and investment results for your account during the quarter. You can also go
online via NetBenefits
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at netbenefits.com and elect to receive a paper statement of your Future Roast 401(k)
account at any time.
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Frequent trading
Future Roast 401(k) has a long-term objective: to help you build enough savings for you to live on when you
stop working. While you can transfer your Future Roast 401(k) account balance among the available investment
options on any business day, neither the Plan nor its investment options were designed for frequent trading.
Frequent or “excessive” trading is the purchase and subsequent sale (or vice versa) of a mutual fund within a
short period of time. Short-term and other excessive trading by shareholders can adversely affect a fund’s
performance by disrupting the portfolio manager’s investment strategy, by increasing expenses (such as
trading commissions) or by allowing some investors to capitalize on stale pricing at the fund’s expense.
To help protect the interests of fund investors who are seeking long-term returns on their investments, Fidelity
monitors excessive trading and limits the number of times investors exchange in and out of its funds, as well as
other investment products offered as options in workplace retirement plans as directed by the fund managers
or sponsors of the retirement plans.
Fidelity’s monitoring is based upon the concept of a “roundtrip” within a fund. In retirement plans, a roundtrip
transaction occurs when a partner exchanges in and then out (purchase and sale) of a fund option within
30 days. For the purposes of its excessive trading policies, purchases and sales do not include systematic
contributions or withdrawals (i.e., regular contributions, loan payments, hardship withdrawals) as permitted by
the Plan; they only include partner-initiated exchanges greater than $1,000.
Under Fidelity’s excessive-trading policies, partners are limited to one roundtrip transaction per fund within
any rolling 90-day period, subject to an overall limit of four roundtrip transactions across all funds over a
rolling 12-month period.
The first roundtrip in any fund results in a warning letter. Partners with two or more roundtrip transactions
in a single fund within a rolling 90-day period will be blocked from making additional purchases of the fund
for 85 days. Any four roundtrips in one or more funds in a 12-month rolling period will result in the partner
being limited to one exchange per quarter for 12 months. This applies to all investments subject to Fidelity’s
excessive trading policies. Once the 12-month exchange limitation expires, any additional roundtrip in any
fund in the next 12-month period will result in another 12-month limitation of one exchange per quarter.
Trading suspensions do not restrict a partner’s ability to make loan repayments, transact withdrawals from
Plan accounts, make investment exchanges out of the fund or continue to allocate employee and employer
contributions to the fund. In other words, the right to redeem (sell) is not affected by these policies, but the
ability to make subsequent exchanges into the fund will be.
Fidelity’s excessive trading limit and other short-term trading policies are subject to change by Fidelity.
Information about frequent trading restrictions and investment options including expenses and historical returns
is available at netbenefits.com in the “Investment Performance and Research” section under “Quick Links.”
Loans
Future Roast 401(k) is designed for long-term savings with a clear emphasis on planning for the future.
However, life sometimes involves pressing financial needs — short-term needs that may seem more important
than your long-term goals. That is why Future Roast 401(k) offers a loan option for partners who have a Future
Roast 401(k) account balance and are actively employed by Starbucks or a participating company at the time
the loan is taken.
When borrowing money from your Future Roast 401(k) account balance, there are no tax penalties (provided
you pay the loan back as scheduled), and the interest you pay goes right back into your own Future Roast 401(k)
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account. In general, you may borrow up to 50% of your vested account balance up to a maximum of $50,000,
whichever is less. This amount will be reduced by your highest outstanding loan balance in the past 12 months.
When you take out a loan, you pay yourself back with interest. The interest rate is set at the time that you take
the loan and is the Wall Street Journal Prime Rate plus 1%. The current rate is available by calling Fidelity at
(866) 697-1048 (or (800) 587-5282 for a Spanish-speaking representative). The current interest rate is also
displayed when you model a loan on NetBenefits
SM
at netbenefits.com.
Future Roast 401(k) offers two types of loans: a general purpose loan and a primary residence loan. You can take
a general purpose loan for any reason for a maximum repayment period of five years. A primary residence loan
can only be obtained for the purchase of a home you are going to live in with a maximum repayment period of
15 years. Primary residence loans, like general purpose loans, are not tax-deductible. Only one outstanding loan
of each type is permitted at any time. Your account balance is the security collateral for your loan.
You are not eligible to take a loan if you:
• Do not have an account balance
• Have a loan of the same type outstanding
• Have defaulted on a loan within the last two years (see Repaying your loan on page 25), or
• Have terminated employment with Starbucks and any participating company.
If you are an active partner and have a rollover balance in Future Roast 401(k), you may obtain a loan from your
rollover account regardless of whether you are eligible to participate in Future Roast 401(k).
In general, 15 days must elapse between the final payment on one loan and obtaining a new loan.
Minimum and maximum loan amounts
The minimum amount you may borrow from your Future Roast 401(k) account balance is $500. The maximum
amount you may borrow is 50% of your account balance, up to a loan amount of $50,000. The $50,000 limit
is adjusted for the highest combined outstanding loan amounts you may have had in the past 12 months —
including those loans you have paid in full.
Applying for a loan
You can model different loan scenarios and/or request a loan by calling Fidelity at (866) 697-1048
(or (800) 587-5282 for a Spanish speaking representative), or by accessing the NetBenefits
SM
website at
netbenefits.com and clicking on “Loans or Withdrawals” under “Quick Links.” To request a loan to purchase
a primary residence, you must provide documentation as proof of intent to purchase (i.e., a signed purchase
agreement).
Again, there are no tax penalties when you take a Future Roast 401(k) loan, provided you repay it as scheduled.
Once you have requested a loan, a promissory note is available to you at the NetBenefits
SM
website or, if
your loan was requested via a representative, mailed to you within three to five business days following your
request. Loan proceeds are generally processed within three to five business days after your loan request is
received by Fidelity. By using your customer ID and PIN to complete the loan request, you agree to the terms of
the loan agreement. You also agree to any deemed or actual distribution of your loan if you fail to make timely
payments (default) on your loan.
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Your loan is funded by withdrawing your approved amount from your accounts (as applicable) in the
following order:
• Prior plan or merged accounts (from acquired companies)
• Starbucks prior match account
• Starbucks discretionary profit-sharing account
• Match (pre-2011) account
• Safe Harbor Match account
• Pre-tax rollover account
• Roth after-tax rollover account
• Tax-exempt Thrift Savings Plan (TSP) rollover account
• 401(k) pre-tax account
• Roth after-tax account
• Qualified non-elective contributions account
• Other accounts as designated within the Loan Policy
Amounts withdrawn from these accounts are taken proportionately from your investment funds.
Loan fees
Your Future Roast 401(k) account will be charged a $35 loan initiation fee plus an annual $15 maintenance fee,
deducted quarterly (i.e., $3.75 per quarter), until your loan is paid off. This fee may be adjusted based on the
actual per-participant fee assessed by Fidelity.
Repaying your loan through payroll deductions
Your loan payments will be set up as automatic payroll deductions and are invested in the Future Roast 401(k)
investment fund options you have selected for your current contributions. Unlike your Future Roast 401(k)
pre-tax contributions, these payments are deducted after taxes are withheld.
If your paycheck does not cover your loan payment
You will need to send a certified check, cashier’s check or money order for any loan payments you miss or fail
to pay in full because your paycheck was not sufficient to cover your loan payment. Make your certified check,
cashier’s check or money order payable to FIIOC. Write your name and Social Security number on your certified
check, cashier’s check or money order and mail it to Fidelity Investments, P.O. Box 770001, Cincinnati, OH
44277-0008.
If you do not make up your missed loan payments sufficiently, you may be considered in default by the end of
the calendar quarter following the quarter in which you failed to make the necessary loan payments. If your loan
is considered in default, your pre-tax unpaid loan balance, plus accrued interest, will be subject to taxation. This
means you will be required to pay income taxes on the amount of your pre-tax unpaid loan balance and you
may be subject to a 10% penalty tax. See Paying income taxes on page 35 for more information.
If you default on a loan due to non-payment, you may not request a new loan for two years. If, after two years, you
wish to take out a new loan, you are required to first pay off your prior loan balance, plus any accrued interest.
If you take an approved unpaid leave of absence
If you are on an approved unpaid leave of absence, you may choose either to continue making loan payments
or to suspend your loan payments for up to one year or for the period of your approved leave, whichever is
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less. You will have the opportunity to make loan payments by enrolling in electronic loan repayments through
ACH debit from your bank account during your approved leave of absence. Consistent loan payments during
your absence enable you to avoid additional accrued interest and re-amortization of your loan upon your return.
If you do not make loan payments while on your approved leave, we will assume you have elected to suspend
your loan payments. The maximum suspension for an approved non-military leave of absence is 12 months,
the end of the loan term or the end of your approved leave, whichever occurs first. After your approved leave
ends (or when your approved non-military leave exceeds one year), you must make up your missed payments,
with accrued interest. Your remaining loan payments will be increased (re-amortized) to cover your missed
payments and interest so that the total length of your loan does not exceed your original loan term of five
years for a general purpose loan or 15 years for a residence loan).
If your approved non-military leave exceeds one year (or extends beyond the end of the loan term, if sooner)
and you do not make payments on your loan, you will be considered in default. Your outstanding loan balance,
plus accrued interest, will be considered a taxable distribution to you. You will be required to pay income
taxes on the pre-tax unpaid amount of your loan, including accrued interest and you may be subject to a 10%
penalty tax. For more information, see Paying income taxes on page 35.
If you default on a loan due to non-payment, you may not request a new loan for two years. If, after two years, you
wish to take out a new loan, you are required to first pay off your prior loan balance, plus any accrued interest.
If you take an approved military leave of absence
Loan repayments are not required during approved military leave. You will have the opportunity to make loan
payments by enrolling in electronic loan repayments through ACH debit from your bank account during your
leave. Depending on the interest rate of your outstanding loan, you may be eligible for a reduction in the
interest rate of your loan during your military leave. If this is the case, your electronic loan repayments will
reflect this lower rate. Making consistent loan payments during your absence enables you to avoid additional
interest accrual and re-amortization of your loan upon your return. If you do not make loan payments while
on your approved military leave, we will assume you have elected to suspend your loan payments during the
length of your approved military leave.
After your approved military leave ends, you may either increase the amount of your loan payments to pay it
off by the original payoff date or make payments at the previous level for an extended period. The loan period
can be extended by adding the period of time that you were on approved military leave to the original loan
payoff date. The maximum loan payoff date is five years from the original loan inception date plus the period
of military service for a general purpose loan and 15 years from the original loan inception date plus the period
of military service for a primary residence loan. If, upon your return from approved military leave, you do not
make payments on your loan, you will be considered in default by the end of the calendar quarter following
the quarter in which you failed to make the necessary loan payments. If your loan is considered in default, your
pre-tax unpaid loan balance, plus accrued interest, will be subject to taxation. This means you will be required
to pay income taxes on the amount of your pre-tax unpaid loan balance and you may be subject to a 10%
penalty tax. See Paying income taxes on page 35 for more information.
If you default on a loan due to nonpayment, you may not request a new loan for two years. If, after two years,
you wish to take out a new loan, you are required to pay off your prior loan balance, plus any accrued interest.
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If your employment terminates
If your employment with Starbucks and any related company terminates and you have an outstanding loan
balance, you may continue to repay the outstanding balance on the loan until the earliest of the following dates:
(A) The date on which you request a distribution of your Future Roast 401(k) account
(B) The date on which a distribution is made to you without consent (such as distributions of accounts that
are $1,000 or less, or required minimum distributions), or
(C) The last day of the calendar quarter following the calendar quarter in which your payments were not
sufficient to avoid default.
Loan repayments after your employment ends shall be made by a cashier’s check, certified check or money
order directly to Fidelity, by an electronic bank transfer through ACH debit from your bank account to Fidelity,
or by other means as the Plan may specify. If your employment has ended, full or partial prepayment of the
loan may be made in the same manner.
If you do not repay the loan by the earliest of one of the dates above, you will be considered in default. Your
Future Roast 401(k) account balance will be reduced by the amount of the loan balance, plus accrued interest,
and will be treated as a loan offset distribution to you, and you may be subject to a 10% penalty tax on the
pre-tax portion of the distribution. You will be required to pay income taxes on the unpaid pre-tax amount of
your loan and accrued interest. For more information, see Paying income taxes on page 35.
To continue loan payments after separation, call Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish
speaking representative).
More about loan defaults
Loan defaults are considered withdrawals from Future Roast 401(k) and the pre-tax portion of such loan
default will be taxed as ordinary income. The pre-tax portion of such loan default may also be subject to a 10%
early withdrawal penalty if it occurs before you reach age 59½ and you are still working for Starbucks or any
related company, or if you terminated employment from Starbucks and any related company before age 55.
If you default on a loan, you may not receive another loan for a minimum of two years and not until you repay
the defaulted loan. This applies even if your defaulted loan was considered a distribution to you and you have
been taxed on it (called a “deemed distribution”).
Early loan payoff
At any time, you may pay the full outstanding balance of your loan without penalty. You may also prepay a
loan in part (if greater than or equal to the periodic payment amount) at any time without penalty. Partial
prepayment will not reduce the amount of any subsequent periodic payment (except, possibly, the final
periodic payment), but may reduce the number of such periodic payments required to repay the loan. Call
Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking representative) to notify them of
your intent to repay your loan in full or in part. You may also request your loan payoff on NetBenefits
SM
at
netbenefits.com by accessing your existing loan and clicking on “Payoff Loans.” To complete your partial or full
loan payoff, you must:
• Obtain a money order, certified check or cashier’s check for the payoff amount, made payable to FIIOC
(Fidelity Investments Institutional Operating Company).
• Enclose a note providing your name, Social Security number, plan ID (21053) and loan number.
• Send your loan payoff to Fidelity Investments, P.O. Box 770001 Cincinnati, OH 44277-0008.
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Alternatively, the Plan may allow you to arrange for ACH debit from your bank account for the partial or full
payoff amount. If allowed, you will first need to establish your bank account information by accessing
NetBenefits and clicking on “Bank/Tax Information” under “Quick Links.” After you have submitted your bank
information, you are required to wait six days until the prenote period is complete. At that time, you may click
on “Loans or Withdrawals” under “Quick Links.” Choose the loan you wish to payoff and click on the link
“Pay Off Loan” to use the bank information you have established..
WITHDRAWALS DURING EMPLOYMENT
Hardship withdrawals
If you find yourself in a serious financial situation, you may be eligible for a hardship withdrawal from your
Future Roast 401(k) account. You must be actively employed at Starbucks or a participating company and not
eligible for an age-59½ or rollover account withdrawal (explained on page 29) to receive a hardship withdrawal.
Unlike a loan where you pay yourself back, when you withdraw all or a portion of your account balance as part
of a hardship withdrawal, you permanently remove your savings from Future Roast 401(k). Income taxes and a
10% early withdrawal penalty may apply on the amount you withdraw (see Paying income taxes on page 35
for more information).
What qualifies as a hardship
You can request a hardship withdrawal for situations the IRS considers immediate and serious financial needs
that cannot be met by:
• Taking a non-hardship distribution from your Future Roast 401(k) (i.e., from your rollover account or age
59½ withdrawal, if applicable), and
• Taking a hardship/financial emergency withdrawal from your Management Deferred Compensation Plan
(MDCP), if applicable.
In other words, if you are eligible for the withdrawals described above, you will need to take such withdrawals
before taking a hardship withdrawal from the Future Roast 401(k). The IRS considers only the following events
as qualifying for hardship withdrawals under the Future Roast 401(k):
• Unreimbursed medical expenses incurred or necessary to obtain medical care for you, your spouse,
children, dependents or a primary beneficiary designated by you under the Plan.
• Purchase of your primary residence.
• College tuition and related educational fees for up to the next 12 months for you, your spouse, children,
dependents or a primary beneficiary designated by you under the Plan.
• Expenses to prevent eviction from your primary residence.
• Expenses to prevent foreclosure on your mortgage on your primary residence.
• Payment of funeral or burial expenses for your deceased parent, spouse, child, dependent or a primary
beneficiary designated by you under the Plan.
• Payment for repair of damage to your primary residence that would qualify for a casualty loss deduction
on your federal income tax return (without regard to whether the loss is attributable to a federally declared
disaster or exceeds 10% of adjusted gross income).
• Expenses and losses (including loss of income) incurred by you on account of a FEMA-declared disaster,
provided that your home or workplace at the time of the disaster is located in an area designated by FEMA
for individual assistance with respect to the disaster.
• Any other immediate and heavy financial need as determined based on IRS regulations.
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Maximum hardship withdrawal
The maximum you may withdraw from your Future Roast 401(k) account for a financial hardship is the lesser of
the amount needed to cover your qualified financial need or 100% of your account balance available for hardship
withdrawals. Your account balance available for hardship withdrawals includes the following (as applicable):
• 401(k) pre-tax contributions and/or Roth after-tax contributions (including earnings).
• Match (Pre-2011) account (excluding any balance in the Safe Harbor Match source).
• Starbucks Prior Match account.
• Pre-tax and Roth after-tax rollover accounts.
• Prior Plan account.
The hardship withdrawal cannot be for more than the amount you need to meet your financial hardship,
including taxes and penalties you will incur on your hardship withdrawal. Hardship withdrawals are not
subject to the mandatory 20% federal income tax withholding; however, elective federal and state income
tax withholding applies. The pre-tax portion of the hardship withdrawal is subject to federal (and state, if
applicable) income taxes, and the 10% early withdrawal penalty may apply. For more information, see
Paying income taxes on page 35.
Hardship withdrawals cannot be rolled over to another eligible retirement plan or individual retirement
account (IRA). A hardship withdrawal can be requested online via netbenefits.com or by calling Fidelity at
(866) 697-1048 (or (800) 587-5282 for a Spanish speaking representative). You will be required to provide
documentation showing that your situation qualifies as a financial hardship and to represent that you do NOT
have sufficient cash or other liquid assets reasonably available to satisfy the financial need.
HEART Act (active military) withdrawals
If you are on an approved military leave and have completed at least 30 days of military service, you are
eligible for a withdrawal under the HEART Act. If eligible, you can take a full distribution of your entire account
balance, but if you do so, you may not make 401(k) pre-tax or Roth after-tax contributions to the Plan, nor will
you receive any Starbucks Match for six months following the distribution. The withdrawal may be subject to
the 10% early withdrawal penalty tax if you are under age 59 1/2.
Qualified Birth or Adoption Distribution - QBOAD
Active and separated participants with a balance in the Plan may take a withdrawal of up to $5,000 for
the birth or adoption of a child. The distribution must be made within one year of the birth of the child or
finalization of the adoption. The distribution amount is not subject to a 10% early withdrawal penalty though
the taxable portion of the withdrawal becomes subject to federal income tax upon withdrawal. Active
participants can recontribute the withdrawal back to Future Roast 401(k) or, if you are separated, to an IRA or
an applicable eligible retirement plan in which you are then eligible to make rollover contributions.
Age 59½ withdrawals
If you are age 59½ or older and still actively employed by Starbucks or a related company, you can take a
withdrawal from your pre-tax accounts once a year. There are no early withdrawal penalties for this type of
distribution. You may roll over a pre-tax distribution to another eligible retirement plan or traditional or Roth
IRA. If you directly roll over your pre-tax distribution to a Roth IRA, the taxable portion of the distribution is
subject to income tax in the year in which the direct rollover occurs. To the extent that you do not timely roll
over the pre-tax distribution to another eligible retirement plan or IRA, the pre-tax distribution is subject to
federal income tax, and 20% of the taxable portion of the distribution will be withheld to apply against your
federal income tax liability. For more information, see Paying income taxes on page 35.
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If you are age 59½ or older and still actively employed by Starbucks or a related company, you can also take
a withdrawal from your Roth after-tax account once a year. There are no early withdrawal penalties for this
type of distribution. You will also not be taxed on distributions of your Roth after-tax contributions, and the
earnings on those contributions will not be taxed if the distribution is taken after you have had a Roth after-tax
account in the Plan for at least five years. In applying the five year rule, you count from January 1 of the year your
first Roth after-tax contribution was made to the Plan (or, if earlier, to another 401(k) plan if such amount was
directly rolled over into this Plan). For example, if you make your first Roth after-tax contribution to the Plan
on November 30, 2022, your five-year period will end on December 31, 2026. It is not necessary to make Roth
after-tax contributions in each of the five years.
To request an age 59½ withdrawal, call Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking
representative) or go online via NetBenefits
SM
at netbenefits.com.
Withdrawals from your rollover account
You are permitted to take one in-service withdrawal per plan year from each of your pre-tax rollover account,
your Roth after-tax rollover account (if any) and any tax-exempt TSP rollover account. A rollover account
withdrawal can be a full or partial withdrawal. To request a withdrawal from your rollover account(s), call Fidelity
at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking representative) or request a withdrawal form by
accessing NetBenefits
SM
at netbenefits.com.
Total distribution from Future Roast 401(k)
Total Future Roast 401(k) account balances are usually distributed for one of the following reasons:
• You are disabled.
• You terminate employment with Starbucks and any related company, or
• Your death.
If you are disabled
If you are disabled (as defined below), you are eligible to receive a total distribution of your Future Roast 401(k)
account. Refer to Paying income taxes on page 35 to learn about taxation of your distribution.
Under Future Roast 401(k), in general, you are “disabled” if:
• You have a medically determinable physical or mental impairment that can be expected to result in death
or last for 12 continuous months or more,
• You are incapable of continuing your usual and customary employment with Starbucks, and
• You are receiving income replacement benefits for a period of not less than three months from Starbucks or
a participating company’s long-term disability plan (or if you are not eligible to participate in such plan, you
are unable to engage in any substantial gainful activity by reason of such impairment).
The Plan Administrator shall determine, at its discretion, whether a partner is disabled under the terms of the Plan,
except that any partner who is approved for long-term disability payments under Starbucks’ or a participating
company's long-term disability plan and is a separated partner will be deemed disabled for purposes of the Plan.
Recontribution of a CARES Act withdrawal
The CARES Act allowed partners who were qualified individuals adversely affected by COVID-19 to take
distributions of up to $100,000 from their Future Roast 401(k) accounts before December 31, 2020. If you took
such a CARES Act withdrawal, you can recontribute the withdrawal back to Future Roast 401(k) if you are an
active partner or, if you are separated, to an IRA or your new employer’s eligible retirement plan (if allowed for
in that plan) within three years from when you took the withdrawal.
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IF YOU TERMINATE EMPLOYMENT WITH STARBUCKS AND ANY
RELATED COMPANY
You have several options available for your Future Roast 401(k) account balance when you leave Starbucks and
any related company.
Termination withdrawals
If you have a balance in Future Roast 401(k), you can request payment of your account balances after
termination of employment with Starbucks for any reason. If you are separated and have an account balance
greater than $1,000, you can elect an unlimited number of withdrawals each year. Your withdrawal can be
taken as:
1. A lump-sum payment,
2. A roll over into another eligible retirement plan or individual retirement account,
3. Partial payments as requested from time to time, or
4. Systematic withdrawal (installment) payments limited to the life expectancy of you and your beneficiary
at the time payments commence.
All withdrawals (other than direct rollovers) will be paid in cash.
Termination withdrawal requests can be changed or stopped at any time with the exception of systematic
withdrawal (installment) payments. Once started, the amount of your installment payment can be increased,
but it cannot be decreased or stopped. You retain the ability to choose a full payout as a lump sum or rollover
even after initiating Installment Payments. It is important that you discuss and understand all your withdrawal
options with Fidelity (866) 697-1048 prior to making an election.
You generally must pay federal (and in most cases state) income taxes on your withdrawals from the Future
Roast 401(k) unless the withdrawal is rolled over or is a “qualified distribution” of Roth after-tax contributions.
You may also be subject to a 10% early withdrawal penalty if you are younger than age 59½ at the time of
the withdrawal or if you leave Starbucks and any related company prior to attaining age 55. If you are rehired
before your account is distributed to you, you will not receive a distribution of your account.
If you leave Starbucks and any related company and have a vested account balance of $1,000 or less (or at
any applicable valuation date thereafter) in Future Roast 401(k), you will automatically receive a lump-sum
payment of your account. After leaving Starbucks and any related company, you will be notified and will
be provided an opportunity to request a rollover to another employer’s eligible retirement plan or IRA as
described in Rollover distributions into another plan on page 32. If you do not make a rollover election
within the time stated in the notice, your account will be paid to you in a lump-sum, less 20% of your pre-tax
account balance for mandatory income tax withholding, and mailed to your home address of record. The pre-
tax portion of the distribution is subject to federal (and state, if applicable) income taxes. Also, if you are under
age 55 when you leave Starbucks and any related company, the pre-tax portion of the distributed amount will
generally be subject to a 10% early withdrawal penalty.
If you have a vested account balance of more than $1,000, you may request a withdrawal of your account as
described under Termination Withdrawals or leave it in the Plan (as long as it remains more than $1,000 as
of any applicable valuation date thereafter) until April 1 following the calendar year in which you reach age
72. At that time, you will be required to begin receiving annual distributions from your account (required
minimum distributions). You may also roll over your account balance to a Roth IRA to avoid required minimum
distributions of those amounts.
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Any termination withdrawal of pre-tax amounts (excluding earnings in your Roth after-tax accounts if the
distribution is a qualified distribution) is subject to federal (and state, if applicable) income tax in the year
in which the distribution is made. Federal income tax will be withheld from your pre-tax distribution at a
mandatory 20% rate on the portion of your distribution that is not a required minimum distribution (following
attainment of age 72). A 10% early withdrawal penalty tax may also apply if you are under age 55 at the time
you leave Starbucks.
A termination withdrawal of Roth after-tax contributions, and in certain cases, the earnings on those
contributions, are not subject to federal (and state, if applicable) income taxes when distributed to you. For the
earnings to be tax-free, the distribution must be a qualified distribution. A qualified distribution is one that is
taken after you have had a Roth 401(k) account in the Plan for at least five years and after you have (a) reached
age 59½, (b) become disabled, or (c) died. In applying the five-year rule, you count from January 1 of the year
your first Roth after-tax contribution was made to the Plan (or, if earlier, to another 401(k) plan if such amount
was directly rolled over into this Plan). For example, if you make your first Roth after-tax contribution to the
Plan on November 30, 2022, your five-year period will end on December 31, 2026. It is not necessary to make
Roth after-tax contributions in each of the five years.
For more information, see Paying income taxes on page 35.
Recontribution of a CARES Act withdrawal after separation
If you took a CARES Act withdrawal from your Future Roast 401(k) account in 2020, you can recontribute
the withdrawal to an IRA or your new employer’s eligible retirement plan (if allowed for in that plan) within
three years from when you took the withdrawal. For more information, see Recontribution of a CARES Act
withdrawal on page 30.
Deferred payment
If you leave Starbucks and any related company, you can choose to leave your money in your Future Roast
401(k) account if your account balance is more than $1,000. However, you must begin receiving your required
minimum distributions (RMDs) no later than April 1 of the calendar year following (a) the calendar year you
attain age 72, or (b) if later, the calendar year you leave Starbucks and any related company. You may roll over
your account balances to a Roth IRA to avoid required minimum distributions of those amounts.
Even though you may no longer be employed by Starbucks and any related company, which means you
will not be making any contributions to your Future Roast 401(k) account, you can still make changes to
your investment elections by calling Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish speaking
representative) or by accessing NetBenefits
SM
at netbenefits.com and clicking on “Change Investments” under
“Quick Links”. See Plan Funding and Expenses on page 42 for fees that apply to separated participants.
Rollover distributions into another plan
To continue to defer income taxes and continue earning on your investments if you leave Starbucks and any
related company, you may decide to transfer (roll over) all or a portion of your Future Roast 401(k) pre-tax
account balance to another employer’s eligible retirement plan — if the new plan permits — or to a traditional
or Roth IRA. Except for a rollover of pre-tax amounts to a Roth IRA as described on the following page, the
rollover is not subject to federal (and in most cases state) income tax nor subject to the 10% early withdrawal
penalty tax (if applicable) until you withdraw it from your eligible retirement plan or IRA.
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Pre-tax rollover to a Roth IRA
If you directly roll over a pre-tax distribution to a Roth IRA, the taxable portion of the distribution is subject to
income tax for the taxable year in which the distribution occurs.
Examples of plans that may qualify for rollovers are:
• Your new employer’s 401(a), 401(k), 403(b) or 457 plan — if those plans accept rollover contributions
• Conduit IRAs, traditional IRAs, or Roth IRAs
If you do not directly roll over your account balance into an eligible retirement plan or IRA, the taxable
portion of your distribution is subject to federal (and state, if applicable) income tax in the year in which the
distribution is made. Federal income tax will be withheld from the taxable portion of your distribution at a
mandatory 20% rate unless the distribution is a required minimum distribution (following attainment of age
72). A 10% early withdrawal penalty may also apply to the taxable portion of your distribution if you are under
age 55 at the time you leave Starbucks and any related company. For more information, refer to Paying income
taxes on page 35.
Two ways to roll over your account balance
1. Direct rollover: When you request a direct rollover, you will receive your Future Roast 401(k) account balance
in the form of a check made out to the eligible retirement plan or IRA financial institution. For most partners,
a direct rollover is most advantageous since no federal income taxes are withheld. However, if you complete
a direct rollover of only a portion of your Future Roast 401(k) account, you will be subject to federal income
tax withholding, as described in paragraph 2 below, on the pre-tax portion of the distribution paid to you.
Also, if you elect a direct rollover of only a portion of your Roth account, with the remaining balance paid to
you, each of the payments will include an allocable portion of the earnings in your Roth account. To request a
direct rollover of your Future Roast 401(k) account balance, call Fidelity at (866) 697-1048 (or (800) 587-5282
for a Spanish speaking representative). You may also request a withdrawal form by accessing NetBenefits
SM
at
netbenefits.com. If you request a rollover through any other method, including submission of a form from your
new plan or IRA, your request will not be accepted.
2. 60-day rollover: You can request a lump-sum cash distribution of your Future Roast 401(k) balance made
payable to you. You will be subject to federal income tax withholding on the pre-tax portion of the distribution
(including earnings on your Roth after-tax contributions if the distribution is not a qualified distribution) at
a mandatory 20% rate; consequently, your distribution will reflect 80% of your pre-tax Future Roast 401(k)
account balance plus your Roth after-tax contributions. You have 60 days to deposit the money into another
employer’s eligible retirement plan or IRA. If you have a Roth account, you can only do a 60-day rollover into
a Roth IRA, unless the distribution is a nonqualified distribution, in which case you can do a 60-day rollover
of the earnings in the Roth account to a Roth account in another employer’s eligible retirement plan, with the
balance of the distribution to a Roth IRA if you wish. To roll over 100% of your taxable distribution, you would
need to use your own funds to replace the 20% withheld for income taxes.
Most distributions qualify for a rollover, but certain distributions may not. Future Roast 401(k) distributions that
may not be rolled over include:
• Hardship withdrawals.
• Loans.
• Required minimum distributions.
• Refund of excess deferrals (amounts over the IRS 401(k) dollar limitation).
• Refund of excess contributions (refer to Discrimination test annual limit on page 16).
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Requesting a rollover or withdrawal
To initiate a rollover or request a withdrawal, call Fidelity at (866) 697-1048 (or (800) 587-5282 for a Spanish
speaking representative), or access a withdrawal form at NetBenefits
SM
at netbenefits.com. Generally, once
requested, distribution of your Future Roast 401(k) benefits will be processed within 10 business days.
Death benefit
If you die while employed by, or after leaving, Starbucks and any related company and still have a Future Roast
401(k) account, your beneficiaries will be entitled to 100% of your vested Future Roast 401(k) account balance.
• If you are married when you die, your spouse will automatically be your beneficiary unless you have
elected otherwise, in writing with your spouse’s notarized consent, on a Future Roast 401(k) beneficiary form.
Your death benefit will be paid to your spouse in a single lump-sum at the time described below under
Timing of death benefit distributions.
• If you are not married, you are divorced or your spouse cannot be found, your death benefit will be
paid to your designated beneficiaries in a single lump-sum at the time described under Timing of death
benefit distributions.
• If you have a domestic partner whom you would like to be your beneficiary, you must complete the
beneficiary designation procedure. Due to federal law, a domestic partner will not be automatically
designated as your beneficiary upon your death.
• If no beneficiary has been properly designated, or if all of your designated beneficiaries are deceased,
distribution of your account balance will be paid out as described under Timing of death benefit
distributions and based on the following “hierarchy” or order:
1. Your spouse at the time of your death will automatically be your primary beneficiary (if you are
married at the time of your death),
2. In the event no such spouse survives you, your children (including natural and adopted children) will
be entitled to equal shares,
3. In the event no such spouse or child survives you, your estate will receive the balance of your Future
Roast 401(k) account.
Timing of death benefit distributions:
In instances where a participant passes away on or after January 1, 2020, and where the participant’s account
balance is more than $1,000, the Setting Every Community Up for Retirement Enhancement (SECURE) Act
modified the maximum payout term. In general, beneficiaries must be paid out by the end of the 10th calendar
year following the year of the participant’s death. However, a surviving spouse, a minor child, chronically ill
beneficiaries, and beneficiaries who are not more than 10 years younger than the deceased, are excepted from
this rule, and such a beneficiary may generally stretch distributions out over his or her life or life expectancy.
The following applies to participants whose death occurred prior to January 1, 2020:
• If your legal spouse is your sole beneficiary and your account balance is more than $1,000,
distribution must be made by December 31 of the calendar year immediately following the calendar
year of your death or, if later, by December 31 of the calendar year in which you would have reached the
required minimum distribution age of 72 (or age 70½ if you would have attained such age before 2020).
Alternatively, you or your beneficiary may elect to have your account balance distributed by December 31
of the calendar year containing the fifth anniversary of your death. The distribution will be made in a lump-
sum. If your account is $1,000 or less, the value of your account will be distributed to your spouse as soon
as practicable after your death.
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• If your legal spouse is not your sole beneficiary and your account balance is more than $1,000,
distribution of your Future Roast 401(k) account must be made by December 31 of the calendar year
immediately following the calendar year of your death. Alternatively, you or your beneficiary may elect to
have your account balance distributed by December 31 of the calendar year containing the fifth anniversary
of your death. However, distribution must be made by December 31 of the calendar year immediately
following the calendar year of your death if your beneficiary wishes to roll over the distribution to an
inherited IRA and retain the option to have benefits paid out over his or her life expectancy. If your account
balance is $1,000 or less, the value of your account will be distributed to your beneficiary as soon as
practicable after your death.
A beneficiary may choose to “disclaim” or deny receipt of payment of a death benefit. If they do so, that
beneficiary will be treated as predeceasing the participant for purposes of distributing the account.
NOTE: Amounts set aside for an alternate payee (see Qualified domestic relations order on page 39) will
be paid to the alternate payee. Except as otherwise provided by the qualified domestic relations order, if there
is no surviving alternate payee, then amounts set aside for that alternate payee will be paid to the alternate
payee’s beneficiary, or if none, to the alternate payee’s estate.
Beneficiary designation
You may make a beneficiary designation, or request a Future Roast 401(k) beneficiary designation form with
spousal waiver if you are married and are naming someone other than your spouse as primary beneficiary,
by accessing netbenefits.com. To request a beneficiary designation form, call Fidelity at (866) 697-1048 or
(800) 587-5282 for a Spanish speaking representative.
ADMINISTRATIVE INFORMATION
Your rights and responsibilities
The Starbucks Future Roast 401(k) Savings Plan (“Future Roast 401(k)” or “Plan”) is governed by legal Plan
documents that ensure the program complies with federal and state laws. In this section, you can see at a
glance who serves as the administrator or trustee of the Plan, how the Plan is financially structured and what
your rights and responsibilities as a Plan member are under ERISA and other laws.
This chapter serves as a summary plan description of the Future Roast 401(k). In all cases, the legal Plan
documents are the final authority.
Paying income taxes
General income tax rules
Future Roast 401(k) is intended to meet the requirements of Section 401(a) of the Internal Revenue Code.
Meeting these requirements means that you do not pay federal (and in most cases state) income taxes on any
of the pre-tax funds in your Future Roast 401(k) account until you receive a distribution (check is made payable
to you).
Except for qualified distributions from your Roth after-tax account and Roth rollover account as described
below, when you receive a distribution from your Future Roast 401(k) account, you must pay federal (and in
most cases state) income taxes on your 401(k) pre-tax contributions, pre-tax contributions you rolled over
from your previous employer’s eligible retirement plan or conduit IRA, Starbucks matching and profit-sharing
contributions, merged plan contributions and all earnings in your Future Roast 401(k) accounts.
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Qualified Distribution of Roth Accounts
A qualified distribution from your Roth after-tax account and Roth rollover account is not subject to federal (and
in most cases state) income taxes when distributed to you, nor is it subject to a 10% early withdrawal penalty. A
qualified distribution is one that is taken after you have had a Roth 401(k) account in the Plan for at least five years
and after you have (a) reached age 59½, (b) become disabled, or (c) died. In applying the five-year rule, you count
from January 1 of the year your first Roth after-tax contribution was made to the Plan (or, if earlier, to another
401(k) plan if such amount was directly rolled over into this Plan). For example, if you make your first Roth after-
tax contribution to the Plan on November 30, 2022, your five-year period will end on December 31, 2026. It is not
necessary to make Roth after-tax contributions in each of the five years. If you are under age 59½ and you take a
withdrawal from your Roth after-tax account or your Roth rollover account, any earnings included in the withdrawal
will be subject to the 10% penalty tax described below unless one of the exceptions listed below applies.
10% Penalty Tax
If you are under age 59½, you may be required to pay an additional 10% early withdrawal penalty tax on the
pre-tax distribution amount when you:
• Take a hardship withdrawal.
• Default on loans against your account.
• Take a distribution without timely rollover after terminating your employment from Starbucks and any
related company before age 55.
The exceptions to this penalty include, in general, the following situations:
• You took a CARES Act withdrawal before December 31, 2020 (see Withdrawals During Employment and/or
Termination Withdrawals).
• You are age 59½ or older when taking a withdrawal.
• You leave Starbucks and any related company after you reach age 55 and take a distribution.
• You receive your distribution after becoming totally disabled as defined by the IRS.
• You take the distribution to pay for tax-deductible medical expenses.
• Your account is distributed due to your death.
• Your account is distributed to an alternate payee in connection with a qualified domestic relations order
(QDRO).
• You make an indirect rollover into an eligible retirement plan, traditional IRA or Roth IRA within 60 days of
the withdrawal or distribution (any amount not rolled over may be subject to the 10% penalty).
• You receive a corrective distribution of contributions that exceed tax law limitations.
You should consult your personal tax advisor if you have any questions about the penalty or the exceptions.
Contributions
In computing its federal income tax liability, Starbucks and any participating company is entitled to deduct the
amounts set aside for contributions to Future Roast 401(k) paid on your behalf.
You are not subject to federal income tax on 401(k) pre-tax contributions made to your Future Roast 401(k)
account or any earnings on any contributions until you take a distribution of these account balances. You
are, however, subject to federal income tax on excess deferrals you make to Future Roast 401(k) that exceed
the annual dollar limits set by the IRS and excess contributions that must be returned to comply with the
nondiscrimination tests. See Contributions to Your Future Roast 401(k) Account on page 13 for more
information about IRS contribution limits and Discrimination test annual limit on page 16 for more
information about the nondiscrimination tests.
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Hardship withdrawals and taxes
Most pre-tax hardship withdrawals are taxable according to the regular income tax rate in effect during the
calendar year you make the withdrawal. You may also be subject to an additional 10% penalty tax unless you
meet the criteria outlined in Paying income taxes on page 35.
Hardship withdrawals cannot be rolled over to any other plan or IRA.
Loans and taxes
Generally, a loan from Future Roast 401(k) is not considered a true distribution because repayment is anticipated.
So, as long as you are repaying the loan as scheduled, you will not pay income taxes on the amount you
borrowed. However, if you stop repaying the loan and do not resume making payments on a timely basis (and
therefore default on the loan), the loan then becomes a deemed distribution, and you will pay federal (and state,
if applicable) income taxes on the pre-tax loan balance as well as any penalties described in Paying income
taxes on page 35.
Rollovers
You (or, in the case of your death, your surviving spouse or your beneficiaries) may defer income taxation
on the taxable amount of your distribution by rolling it over directly or transferring it within 60 days (if your
distribution was paid directly to you) to an IRA (other than a Roth IRA) or another eligible retirement plan. Roth
after-tax accounts may only be directly rolled into a designated Roth account in another employer’s eligible
retirement plan or to a Roth IRA. (Non-spouse beneficiaries may only elect a direct rollover of their benefits
to an inherited IRA, which is established in accordance with rules prescribed by the IRS.) Rollovers of pre-tax
amounts to Roth IRAs are subject to immediate taxation as described on the following page. If you roll over
only a portion of the pre-tax distribution to a traditional IRA or eligible retirement plan, the balance of the
pre-tax distribution not rolled over will be taxable as ordinary income. If you or your beneficiary receives any
portion of a pre-tax payment that is eligible for direct rollover treatment, mandatory 20% withholding for
federal income tax will be applied.
Tax-exempt Thrift Savings Plan (TSP) rollovers
If you have a traditional (non-Roth) balance that was rolled over from a TSP account into the Future Roast
401(k) and it contains tax-exempt money (i.e., tax-exempt contributions from pay earned in a combat zone),
you may transfer or rollover the balance of such account into a traditional IRA, Roth IRA or an eligible employer
plan, but only if the IRA or eligible employer plan accepts tax-exempt balances. (An IRA or employer plan is
not legally required to accept the rollover or transfer.) If you choose to transfer a portion of the eligible rollover
distribution, the taxable portion of your balance will be transferred first. Tax-exempt money will be transferred
only if the taxable portion of your distribution does not satisfy your requested transfer amount. Any tax-
exempt money in your distribution that cannot be transferred will be paid directly to you. If you transfer or roll
over a tax-exempt balance into a traditional IRA, it is your responsibility to keep track of the amount of those
contributions and report that amount to the IRS on the appropriate form so that the nontaxable amount of any
future distribution(s) can be determined. You should consult a tax advisor to ensure that you understand the
tax consequences of these transactions.
Pre-tax rollover to a Roth IRA
If you directly roll over a pre-tax distribution to a Roth IRA, the taxable portion of the distribution is subject to
federal (and state, if applicable) income tax for the taxable year in which the distribution occurs.
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GENERAL PROVISIONS
(ANY REFERENCE TO “STARBUCKS” IS INTENDED TO INCLUDE ANY RELATED COMPANY)
Loss or denial of benefits
Under the following circumstances, some or all of your benefits might not be payable to you:
• If a qualified domestic relations order applies to your interest under the Plan, all or a portion of your
account balance may be payable to the alternate payee named in the order. See Qualified domestic
relations order on page 39 for more information on QDROs.
• Contributions may be reduced or frozen to comply with maximum limitations prescribed by federal law.
• Depending on the investment performance of the investment funds in which you elect to invest your
account, the amount you ultimately receive could be more or less than your current vested account balance.
In addition, if your Plan benefits become payable after termination of employment and the Plan Administrator
is unable to locate you at your last address of record, you may forfeit your benefits. Therefore, it is very
important that you keep the Plan Administrator apprised of your mailing address even after you have
terminated employment. (The amount forfeited, unadjusted for net income, gain or loss, will be restored if you
later make a claim for your benefit before the Plan is terminated.)
Rights of participants
The adoption and maintenance of the Plan is not a contract of employment between Starbucks and any partner.
Nothing contained in the Plan documents, insurance contracts, trusts, this summary plan description or any
other related documents gives any partner the right to remain employed by Starbucks or interferes with
Starbucks right to discharge any partner at any time.
Similarly, nothing in the documents described above gives Starbucks the right to require any partner to remain
employed by Starbucks or interferes with the partner’s right to end employment with Starbucks at any time.
Plan amendment or termination
Starbucks, or any other authorized person, reserves the right to amend the Plan at any time and for any reason. In
some cases, an amendment may be retroactive. Although Starbucks adopted the Plan with the intention that it is to
be continued indefinitely, Starbucks also reserves the right to terminate the Plan at any time, and for any reason.
PBGC coverage
Benefits under the Plan are not insured by the Pension Benefit Guaranty Corporation (PBGC) because the Plan
is a defined contribution plan. The PBGC only insures defined benefit plans.
Disclaimer
In exercising its responsibilities, the Plan Administrator or Trustee has sole and absolute discretion in
determining whether, and to what extent, participants and beneficiaries are entitled to benefits — and to
interpret Plan terms. Failure to enforce any provision of any Plan at any time does not mean that the right to
enforce that provision at another time has been waived.
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Assignments
As a general rule, the interest in your account cannot be sold, used as collateral for a loan, given away or
otherwise transferred. In addition, any creditors you may have cannot attach, garnish or otherwise interfere
with your account. However, a court order may require that part or all of your Future Roast 401(k) benefits
be paid to an alternate payee, such as your former spouse under a qualified domestic relations order (see
Qualified domestic relations order below), and the Plan Administrator must honor IRS levies against your
account and orders to pay arising from judgments or convictions for crimes involving the Plan.
Qualified domestic relations order
A qualified domestic relations order (QDRO) is a court order that provides child support, alimony or marital
property rights from your account to your spouse, former spouse or dependent ("alternate payee").
The Plan Administrator will determine whether any domestic relations order the Plan receives is a “qualified”
one that the Plan must honor. A copy of the procedures used by the Plan Administrator to make this
determination is available without cost online through Fidelity at qdro.fidelity.com. You may also request a
copy from the Plan Administrator. Participants may initiate a QDRO online through Fidelity at qdro.fidelity.com.
QDROs that are processed online and submitted to Fidelity for approval are subject to a fee that is payable
by the participant and/or the alternate payee. The fee is communicated to participants who initiate and draft
QDRO paperwork online, and generally only applies once the Order is submitted for approval. A fee of $300
applies for the review of Orders generated via Fidelity’s QDRO website with no modifications. A fee of up to
$1,200 applies for the review of certain complex Orders or custom Orders not generated via Fidelity’s website,
or for review of an Order that is generated via the website, but subsequently altered. These fees are subject to
change and apply regardless of whether the Order is determined to be qualified or not.
If an approved QDRO awards your alternate payee a portion of your account, such portion will be transferred
into an account in the name of your alternate payee and your alternate payee can then direct the investment
of that account.
Responsibility for investment decisions
You choose how to invest your account in Future Roast 401(k). The Plan Trustee follows your investment
directions without reviewing your investment decisions.
Starbucks, as the Plan Administrator, and Fidelity Management Trust Company as the Plan Trustee, are not
responsible or liable for the investment choices that you make or for any investment losses that are the
direct and necessary result of your investment choices. This is because the Plan is intended to satisfy the
requirements of Section 404(c) of the Employee Retirement Income Security Act of 1974 (ERISA) and Title 29 of
the Code of Federal Regulations Section 2550.404c-1. ERISA Section 404(c) provides that if a Plan participant
controls the investment of his or her account, then the participant is responsible for the investment results,
including both earnings and losses.
Nothing contained in this summary plan description is intended to constitute investment advice. Please
carefully review the information provided to you about the investment funds, including the prospectus for
each fund, before deciding how you would like your account to be invested.
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How 401(k) pre-tax contributions and/or Roth after-tax contributions affect
other benefits
401(k) pre-tax contributions under Future Roast 401(k) reduce your current taxable income — that is, they are
not reported as taxable income on your W-2 earnings statement. However, they are included in determining
your Social Security taxes and benefits.
Roth after-tax contributions are deducted from your eligible pay after income taxes are withheld. Therefore,
your take home pay will be less if you are making Roth after-tax contributions than it would be if you were
contributing the same percentage in 401(k) pre-tax contributions.
Saving with 401(k) pre-tax dollars and/or Roth after-tax dollars does not reduce the eligible pay used to
calculate pay-related benefits, such as life insurance and disability coverage.
Tax treatment
Starbucks intends to operate the Plan so that it qualifies under Sections 401(a) and 501(a) of the Internal
Revenue Code. Accordingly, 401(k) pre-tax contributions, pre-tax rollovers, matching contributions,
discretionary profit-sharing contributions, merged plan accounts and any earnings on these contributions
should not be taxable to partners until distributed directly to them from the Plan.
Roth after-tax contributions are taxed at the time they are made to the Plan. However, such contributions,
and in certain cases the earnings on those contributions, are not subject to income taxes when distributed
to you. In order for the earnings to be tax-free, the distribution must be a qualified distribution. A qualified
distribution is one that is taken after you have had a Roth 401(k) account in the Plan for at least five years
and after you have (a) reached age 59½, (b) become disabled, or (c) died. In applying the five-year rule, you
count from January 1 of the year your first Roth after-tax contribution was made to the Plan (or, if earlier, to
another 401(k) plan if such amount was directly rolled over into this Plan). For example, if you make your first
Roth after-tax contribution to the Plan on November 30, 2022, your five-year period will end on December 31,
2026. It is not necessary to make Roth after-tax contributions in each of the five years.
Correction of errors
You are responsible for identifying any discrepancies in the percentage of eligible pay you have elected to
contribute to the Plan, in the allocation of your account among the various investment funds or in the amount
of Plan loan payments withheld from your paychecks. You should review each quarterly account statement and
paycheck carefully. You must notify the Plan Administrator in writing of any such discrepancies within 60 days
after you receive notification from Fidelity that your statement is available online at netbenefits.com or within
60 days of receipt of a paper statement or confirmation notice that contains the discrepancy. Discrepancies
reported after 60 days will not be corrected unless required by applicable law. If you discover a discrepancy,
send your written notification to Starbucks Corporation, c/o Savings Department, 2401 Utah Avenue South,
Mail Stop S-HR3, Seattle, WA 98134.
Top-heavy provisions
Certain plans that provide a significant percentage of their total benefits to employees who are defined as “key
employees” by the Internal Revenue Code are known as “top-heavy” plans. If the Plan is deemed top-heavy,
certain partners may be entitled to receive a top-heavy contribution. The Plan is currently not top-heavy and
you will be notified in the event that the Plan ever becomes top-heavy.
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YOUR ERISA RIGHTS
As a participant in the Plan, you are entitled to certain rights and protections under the Employee Retirement
Income Security Act of 1974, as amended (ERISA). ERISA provides that plan participants shall be entitled to:
Receive information about your Plan and benefits
• Examine, without charge, at the Plan Administrator’s principal office and at other specified locations, such
as worksites and union halls, all documents governing the Plan, including insurance contracts and collective
bargaining agreements, if any, and a copy of the latest annual report (Form 5500 Series) filed by the Plan
with the U.S. Department of Labor and available at the Public Disclosure Room of the Employee Benefits
Security Administration.
• Obtain, upon written request to the Plan Administrator, copies of documents governing the operation
of the Plan, including insurance contracts and collective bargaining agreements, if any, and copies of the
latest annual report (Form 5500 Series) and updated summary plan description. The Plan Administrator
may make a reasonable charge for the copies.
• Receive a summary of the Plan’s annual financial report. The Plan Administrator is required by law to furnish
each participant with a copy of this Summary Annual Report.
Prudent action by Plan fiduciaries
In addition to creating rights for Plan participants, ERISA imposes duties upon the people who are responsible
for the operation of the Plan. The people who operate Future Roast 401(k), called “fiduciaries” of the Plan, have
a duty to do so prudently and in the interest of you and other Plan participants and beneficiaries.
Discrimination
No one, including your employer or any other person, may fire you or otherwise discriminate against you in any
way to prevent you from obtaining a Plan benefit or exercising your rights under ERISA.
Enforce your rights
If your claim for a benefit is denied or ignored, in whole or in part, you have a right to know why this was done,
to obtain copies of documents relating to the decision without charge and to appeal any denial, all within
certain time schedules.
Under ERISA, there are steps you can take to enforce the above rights. For instance, if you request a copy of the
Plan documents or the latest annual report from the Plan Administrator and do not receive them within 30
days, you may file suit in a federal court. In such a case, the court may require the Plan Administrator to provide
the materials and pay you up to $110 a day until you receive the materials, unless the materials were not sent
because of reasons beyond the control of the Plan Administrator.
If you have a claim for benefits that is denied or ignored, in whole or in part, you may file suit in a state or
federal court. In addition, if you disagree with the Plan’s decision, or lack thereof, concerning the qualified
status of a domestic relations order, you may file suit in federal court. If it should happen that Plan fiduciaries
misuse the Plan’s money, or if you are discriminated against for asserting your rights, you may seek assistance
from the U.S. Department of Labor, or you may file suit in a federal court. The court will decide who should pay
court costs and legal fees. If you are successful, the court may order the person you have sued to pay these
costs and fees. If you lose, the court may order you to pay these costs and fees, for example, if it finds that your
claim is frivolous.
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Assistance with your questions
If you have any questions about your Plan, you should contact the Plan Administrator. If you have any questions
about this statement or about your rights under ERISA, or if you need assistance in obtaining documents from
the Plan Administrator, you should contact:
• The nearest office of the Employee Benefit Security Administration, U.S. Department of Labor, listed in your
telephone directory, or
• The Division of Technical Assistance and Inquiries, Employee Benefits Security Administration, U.S.
Department of Labor, 200 Constitution Avenue N.W., Washington, D.C. 20210.
You may also obtain certain publications about your rights and responsibilities under ERISA by calling the
publications hotline of the Employee Benefits Security Administration.
YOUR RIGHTS UNDER USERRA
The Plan provides for make-up contributions and service credits to partners returning to employment after
military service, to the extent required by federal law. If you are rehired following a period of uniformed service
that entitles you to rights under the Uniformed Services Employment and Reemployment Rights Act (USERRA),
you will be credited with such service for purposes of determining years of service for eligibility and any
applicable vesting.
You will also be able to make up missed 401(k) pre-tax contributions and/or Roth after-tax contributions
for the period while you were in qualified military service. For purposes of determining your make-up
contributions, you generally will be treated as having earned eligible pay during your military leave at the
rate you would have earned it had you been actively at work with Starbucks during your period of uniformed
service, or if the determination of such rate is not reasonably certain, on the basis of your average rate of
eligible pay during the 12-month period immediately preceding such period (or, if shorter, your actual period
of employment with Starbucks immediately preceding such period). You have a limited time (three times your
period of military service, but not more than five years) to make up your missed 401(k) pre-tax contributions
and/or Roth after-tax contributions and qualify for Starbucks matching contributions.
You may be eligible for Starbucks matching contributions based on the make-up contributions you make. You
will also be eligible for your share of any Starbucks discretionary profit-sharing contributions made during
the period you were in qualified military service. You may also be able to suspend payments on any Plan loan
during the period of your military leave and receive an extended period to repay the loan.
Because your rights under USERRA are subject to certain conditions and time restrictions, you should contact
the Starbucks Savings team via email at Savings@Starbucks.com before commencing leave and as soon as you
return to employment.
PLAN FUNDING AND EXPENSES
The Plan is funded through contributions by partners who designate a part of their eligible pay to be
contributed on their behalf and by Starbucks through matching and discretionary profit-sharing contributions.
All contributions to the Plan are placed in a trust fund. The Plan Trustee, Fidelity Management Trust Company,
administers all funds under the Plan. The funds are invested for the exclusive benefit of partners and for
defraying reasonable Plan administration expenses.
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Starbucks generally pays the expenses of administering the Future Roast 401k) Plan, while investment fees are
paid, directly and indirectly, by the investments in the respective investment funds and to the extent provided
in the applicable prospectus or profile for each fund. The following exceptions apply:
• Separated partners with an account balance are assessed an annual administrative fee for account
maintenance, which is deducted quarterly from their Future Roast 401(k) Savings Plan account.
The annual administrative fee is generally $26 per year and may be adjusted periodically based on the
actual per-participant fee assessed by Fidelity.
• The initial loan setup fee for all new loans is deducted from the partner’s account balance when the loan is initially
taken out. The loan setup fee is $35 but may be adjusted based on the actual loan fee assessed by Fidelity.
• The annual ongoing loan maintenance fee is deducted from the partner’s account balance quarterly.
The annual loan maintenance fee is $15 ($3.75 per quarter) but may be adjusted annually based on the
actual loan maintenance fee assessed by Fidelity.
• The cost of overnighting a distribution check to a partner (upon their request) is $25 (subject to
adjustment). This fee will be deducted from the partner’s account balance.
• The cost for reviewing a Domestic Relations Order to determine whether it is qualified ranges from
$300 to $1,200 depending on how the Order was generated or drafted (see the section titled
Qualified domestic relations order on page 39). This fee will be deducted from the participant and/or
the alternate payee accounts per applicable rules.
Fidelity
®
Personalized Planning & Advice
If you actively elect to utilize the fee-based professional management advisory service offered through
Fidelity
®
Personalized Planning & Advice, the fees include the following: 0.35% annually for the first $50,000
in your Future Roast 401(k) account; 0.25% annually on the next $50,001 to $250,000; 0.20% annually for
amounts over $250,000. These fees are calculated and deducted quarterly from your Future Roast 401(k)
account. For additional information regarding this fee-based managed account advisory service, log on to
netbenefits.com/plan. You may also call Fidelity at (866) 811-6041, Option 1.
CLAIMS
Claiming benefits
Distribution of your benefits will normally be made as described in Total Distribution from Future Roast 401(k)
on page 30. However, if you do not receive a distribution to which you believe you are entitled, you may file
a claim in writing with the Plan Administrator for any unpaid benefits.
If you believe you are entitled to, but have not received, a benefit from the Plan or if you disagree with the Plan
Administrator’s determination of the amount of your Plan benefit or any other decision regarding your interest
in the Plan, you or your duly authorized representative may present a claim to the Plan Administrator.
Submit your claim in writing to the Plan Administrator at Starbucks Corporation, c/o Savings Department,
2401 Utah Avenue South, Mail Stop S-HR3, Seattle, WA 98134.
Procedures for benefit claims
NOTE: The procedures described on this page do not apply to claims and appeals for a benefit due to disability.
The procedures for claims and appeals due to disability are set forth in a separate document, which you can
request free of charge from the Plan Administrator.
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If you or your representative submits a written claim for benefits (other than a benefit due to disability) and
your claim is denied in whole or in part, the Plan Administrator will notify you in writing of such denial within
90 days after the claim is received, unless special circumstances require an extension of up to 90 more days, in
which case, you will be notified in writing of the extension, the special circumstances requiring the extension
and the date by which the Plan Administrator expects to render its decision.
The denial notice will include all of the following:
• The specific reason(s) for the denial
• References to the specific Plan provision(s) on which the denial was based
• A description of any additional material or information that is necessary to perfect the claim and an
explanation of why such material or information is necessary
• A description of the Plan’s procedures for appealing the denial
• A statement regarding your right to bring an action under Section 502(a) of ERISA
Request for review
If you disagree with the Plan Administrator’s decision, either you or your representative has 60 days from the
receipt of the original denial notice to appeal the decision. This appeal must be in writing and sent to the
Plan Administrator.
You or your representative have the right to review and receive copies of (upon request and at no charge) all
documents and other information relevant to your claim and to submit written comments, documents and
other information relating to your claim (whether or not such information was submitted or considered in the
initial benefit determination). The Plan Administrator will notify you in writing of its decision within 60 days
after it receives your appeal, unless special circumstances require an extension of up to 60 more days, in which
case you will be notified in writing of the extension, the special circumstances requiring the extension and the
date by which the Plan Administrator expects to render its decision. If your appeal is denied, written notice will
include all of the following:
• The specific reason(s) for the denial.
• References to the specific Plan provision(s) on which the denial was based.
• A statement that you will be provided, upon request and free of charge, reasonable access to, and copies
of, all documents and other information relevant to your claim.
• A statement regarding your right to bring an action under Section 502(a) of ERISA.
Limitations on legal action
You may file a lawsuit regarding the denial of an appeal after following the claims and review procedures
above. You must file any lawsuit within 12 months after the date the Plan Administrator issued its final decision
on an appeal. If you do not file a claim or exhaust the claims review process for any reason, any lawsuit must be
filed within 12 months of the date of the conduct at issue in the lawsuit (which includes, among other things,
the date you became entitled to any Plan benefits at issue in the lawsuit). If you fail to file a lawsuit within these
timeframes, you will lose your right to bring the lawsuit at any later time.
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Plan information for Starbucks Corporation 401(k) Plan
(Informally known as Starbucks Future Roast 401(k) Savings Plan and Future Roast 401(k))
EIN/Plan Number 91-1325671 / 001
Type of Plan Section 401(k) Defined Contribution Plan
Subject to Section 404(c) of ERISA
Not subject to Pension Benefit Guarantee Corporation (PBGC) insurance
Plan Year January 1 through December 31
Plan Sponsor Starbucks Corporation, c/o Savings Department
2401 Utah Avenue South, Mail Stop S-HR3, Seattle, WA 98134
(888) SBUX-411 or (888) 728-9411
Plan Administrator Administrative Committee, c/o Savings Department
2401 Utah Avenue South, Mail Stop S-HR3, Seattle, WA 98134
(888) SBUX-411 or (888) 728-9411
Plan Trustee Fidelity Management Trust Company
53 State Street
Boston, MA 02109
Type of Plan Administration The Plan is administered by an internal Administrative Committee. The Plan Administrator has contracted
with Fidelity Investments Institutional Services Company to assist with Plan administration.
Agent for Service of Legal Process Starbucks Corporation, c/o General Counsel
2401 Utah Avenue South, Mail Stop S-LA1, Seattle, WA 98134
(888) SBUX-411 or (888) 728-9411
Service of legal process may also be made on the Plan Administrator or the Trustee.
Plan Funding Starbucks Future Roast 401(k) Savings Plan benefits are paid from a trust fund. Contributions are made by
partners and the Plan Sponsor and other participating companies, as applicable.
Participating Companies
(as of October 1, 2022)
Starbucks Corporation
Any other participating U.S. affiliates
Information provided by Starbucks. Fidelity is not responsible for contents.
Every effort has been made to communicate this benefit information clearly and in easily understandable
terms. If there is any discrepancy between the information set out here and the legal Plan and trust
documents, the terms of the legal Plan and trust documents always govern. Starbucks intends to continue the
Future Roast 401(k) Savings Plan indefinitely but reserves the right to amend or terminate the Plan at any time
and for any reason.
Este folleto contiene un resumen en inglés de los derechos y beneficios de su plan conforme al Plan de Ahorro
401(k) Starbucks Future Roast. Si tiene problemas para entender cualquier apartado de este folleto, envíe sus
preguntas a [email protected]. También puede escribirle a la Sra. Lisa Coutts, Savings and Retirement
Plan Administrator, Starbucks Corporation, 2401 Utah Ave S. Ste 800, MS: HR-3, Seattle, WA 98134. Asimismo,
puede llamar al despacho de la administradora del plan al (888) SBUX-411 or (888) 728-9411 para solicitar
ayuda. Horarios de atención: de lunes a viernes, de 7:30 a.m. a 4:30 p.m., hora del Pacífico.
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STARBUCKS FINANCIAL WELL-BEING
What is Financial Well-being?
Financial Well-being is feeling confidence in your financial situation, having an emergency saving fund, and
understanding how to better manage your money, your credit, your debt and your investments. For many of
us, this is simply taking small, positive steps toward financial goals and avoiding costly mistakes. For others,
it might include retirement and estate planning. Money plays a critical role in our lives and good money
management can positively impact our physical and mental wellness.
Every individual’s financial situation is unique and can be complex. There is no one-size-fits-all solution.
Starbucks Financial Well-Being is a gathering of resources and tools offered by experts in money management,
including Fidelity and Tuition.io.
Resources from Fidelity and Tuition.io
Fidelity NetBenefits® (netbenefits.com) is your destination for broad financial help. It is a place to turn to
for answers on everything from budgeting and debt management to Future Roast 401(k) and Bean Stock
questions. More financial education, tools and resources curated by Fidelity and available in easy to access
format are available on MyStarbucksSavings.com. There you will also be able to set up your payroll savings
election. Starbucks.tuition.io is your platform that will provide you with student loan payment strategies, ways
to manage your existing student loan(s), how best to take advantage of any federal student debt relief and
access to loan management coaches.
MY STARBUCKS SAVINGS
What is My Starbucks Savings?
My Starbucks Savings is uniquely designed to help you achieve important, short-term savings goals—
like saving for an emergency, home repair or even a much-needed vacation.
Through this program, you can save towards your goals directly from your paycheck (after taxes), and
incentive-eligible partners can earn incentives of up to $250.
Who is eligible?
Active U.S. Starbucks partners 18 or older are eligible to save on an after-tax basis through their paycheck.
Eligibility for incentives through My Starbucks Savings is limited to active U.S. Starbucks partners, at least age
18 with 90 days of service, excluding partners at the director level or above. Incentives are subject to required
income tax withholding. Federal law prohibits Starbucks from providing these incentives to all partners: please
see one.starbucks.com for more information, or the Financial Well-Being section of the Partner Hub.
How does it work?
As a part of the program, you will choose a Fidelity non-retirement account for your goal. This account is not
associated with Starbucks or your Future Roast 401(k), and any money you save—as well as any Starbucks
incentives you receive—are yours to use as you see fit.
Best part? Eligible partners can earn incentives for saving as little as $5 per paycheck.
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What are the savings incentives?
START - Set a goal and start saving at least $5 per paycheck to earn your first incentive! A $50
Starbucks cash incentive will be deposited into your account after the end of the first month.
BUILD YOUR SAVINGS - Keep up the saving habit throughout each calendar quarter and earn $25
per quarter, up to $150! Maintain $50 in your account and save at least $5 per paycheck, and a $25
Starbucks cash incentive will be deposited into your account after the end of the quarter.
CELEBRATE! - Keep saving and when you reach $400 in savings, it's time to celebrate! When you reach
this milestone balance as of the end of a month, a one-time $50 Starbucks cash incentive will be
deposited into your account after the end of that month.
Your savings account and any incentives you earn are all yours to spend as you need to. Use for an immediate
financial need or save for an important financial goal!
Incentive eligibility is determined at the end of each month or quarter as applicable.
How do I get started?
Go to MyStarbucksSavings.com to enroll in My Starbucks Savings. Additional information is located on the
Financial Well-Being page under the Benefits tab on the Partner Hub
STARBUCKS FINANCIAL RESILIENCE TOOLKIT
Whether you’re just starting out in your career, building a partnership or family with loved ones, or planning for
long-term financial goals, even a little financial guidance can make a huge difference.
What is the Financial Resilience Toolkit?
Full of useful information Fidelity put together just for Starbucks partners, the toolkit allows you to explore
topics ranging from budgeting and short-term savings to long-term savings and retirement tips and guidance.
Who is eligible?
Partners who use My Starbucks Savings can access the Financial Resilience Toolkit.
How does it work?
The Financial Resilience Toolkit breaks down important financial topics into bite-sized pieces, giving you
control over how deep you want to go. Explore topics that help you learn to:
• Better budget
• Manage debt more effectively
• Improve your credit score
• Save for short- or long-term goals, including retirement
You can also speak directly to a Fidelity financial consultant (a real live person!) about your financial questions.
How do I get started?
Visit the Financial Resilience Toolkit (aka Financial Well-Being Resources) now to explore tools for budgeting,
managing debt, retirement and investing!
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You can also find the toolkit by visiting MyStarbucksSavings.com and selecting Financial Well-Being Resources
at the top of the page. (On MyStarbucksSavings.com, you can also explore and enroll in My Starbucks Savings,
if you're eligible.)
STARBUCKS STUDENT LOAN MANAGEMENT
Starbucks has teamed up with Tuition.io to help you better manage student debt. This benefit can help
whether you're a recent graduate with loans, just starting college or the parent of a college-bound child.
What is the Starbucks Student Loan Management benefit?
The Starbucks.tuition.io platform provides you with payment strategies, student loan management
coaches and links to take action.
Who is eligible?
Active U.S. Starbucks partners 18 or older with at least 90 days of service may be eligible to participate in the
Starbucks Student Loan Management benefit. Federal law prohibits Starbucks from providing these benefits to
all partners: See one.starbucks.com for more information, or the Financial Well-Being section of the Partner Hub.
How does it work?
First, be aware: The pause on federal student loan repayments ends this year.
The COVID-19 Emergency Relief and deferment of federally-held student loan repayments will end on December
31, 2022. The current payment pause included a suspension of federally-held loan payments, a 0% interest rate
and a cessation of collections on defaulted loans. When this deferment period ends on December 31, partners
with active federal student loans will resume making minimum monthly payments toward these loans. If you
have federal student loans, you can plan now for how to best manage your impending loan payments.
The Starbucks Student Loan Management benefit will:
• Allow you to link and view all your existing federal and/or private student loans in a single place to help you
define a payment strategy that will work best for your current situation.
• Help you compare different payment strategies and refinancing options, and guide you through these
complicated choices.
• If you are considering college or are the parent of a college-bound student, help you compare different
higher education options, as well as understand and take action on the financing options available to you.
• Help you navigate the recently announced Federal Student Debt Relief plan. You can speak with a loan
coach who can advise you on the most beneficial student debt management plan for you, which may
include federal student loan forgiveness and options for Income Driven Repayment to lower your monthly
payments based on your current pay, with the flexibility to change payments as your income changes.
The myriad of choices and options is complicated. Tuition.io student loan management coaches will be
available one-on-one via email and phone to help navigate through your individual situation and identify the
best strategy for you.
How do I get started?
Visit Starbucks.tuition.io to sign up. You can also scan or click the above QR code!
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OTHER FINANCIAL WELL-BEING RESOURCES
Financial Wellness Checkup
You can take the Fidelity Financial Wellness Checkup and get suggestions to help improve your financial
health. This free and confidential tool will give you immediate feedback including a broad evaluation of
your current financial situation and personalized financial content and direction. This checkup is entirely
confidential, and none of your personal information or individual responses are shared with anyone. Find it by
visiting fidelity.com/mymoneycheckup or by texting “Checkup” to 343898. After logging on to netbenefits.com,
simply enter a few details about your financial situation such as annual income, spending and savings habits
and goals. Upon completion of the assessment, you will receive evaluation scores for four categories:
• Budgeting
• Debt management
• Savings
• Protection
Based on your input and scores, Fidelity will recommend a specialized set of resources relevant to you. The
customized tips will show you things you can do today to help improve your financial standing and give you
direction on future goals.
For Everyday Money Matters
Explore Fidelity’s full online financial library to help you make educated financial decisions. This is where you
can find answers to common questions, (e.g. renting a home vs buying, how to consolidate credit card debt
etc.). Resources are available in different formats, including articles, infographics, videos, and podcasts. You can
browse any of these financial resources based on topic or format. Log on to netbenefits.com, click on the “Plan
and Learn” tab, and start exploring.
• Access live and on-demand webinars about managing your money – from paying down debt to budgeting
and emergency funds
• Learn the basics to help improve your finances
• Search for topics relevant to your major life events such as buying a home or getting married
• Help grow your savings and protect your lifestyle
For Retirement Readiness Help
• Retirement Analysis – Go to Fidelity’s Planning and Guidance Center to get your personalized retirement
score. Consider aggregating your account information using Full View® to get the most accurate picture of
your projected retirement outcome.
• If you contribute to the Future Roast 401(k), look for an annual Personalized Retirement Assessment that will
show how you are saving and investing, and what changes might help you improve your retirement outlook.
Fidelity® Personalized Planning & Advice
Managing your Future Roast 401(k) Savings Plan investment funds can be confusing, and yet neglecting to
manage your investments can reduce your potential for growth over time.
For those who like to manage their investments themselves, the Future Roast 401(k) Savings Plan offers a variety
of options including target date funds, foreign and U.S. equity investments, bond and stable value investments
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as well as a tier of ESG (Environmental, Social and Corporate Governance) sustainable investment options.
More information about these options can be found in the Future Roast 401(k) Summary Plan Description
“Investment Options Tiers” section or when you log in to netbenefits.com.
For those who want someone to manage their funds for them, Fidelity® Personalized Planning & Advice is a
fee-based investment service that includes a dedicated team of professionals that will manage your Future
Roast 401(k) account investments on your behalf. You provide information about your savings goals and
preferences online, then Fidelity will create a personalized savings plan, put the plan into action and track
your progress against your savings goals. As you notify Fidelity of changes in your life or as the investment
environment changes, Fidelity will make adjustments to your investments. Fees associated with the Fidelity®
Personalized Planning & Advice service are outlined online at netbenefits.com/plan. You can also learn more
by calling Fidelity at (866) 811-6041, option 1.
Talk to an expert
Fidelity’s registered phone representatives are only a call away and can help you with lots of everyday and
long-term financial questions. Call (800) 603-4015 to utilize this complimentary resource.
Partner Hub Financial Well-Being
Go to the Financial Well-Being page on the Partner Hub to access links to the partner benefits programs
offered by Fidelity and Tuition.io along with other free tools, services and content.
This communication provides an overview of My Starbucks Savings and Starbucks Student Loan Management offered by Starbucks
Corporation to eligible Starbucks partners and eligible partners of participating affiliated companies of Starbucks Coffee Company.
Starbucks presently intends to continue My Starbucks Savings plus incentive and Starbucks Student Loan Management but reserves the
right to change, modify or terminate the plans at any time and with or without notice and for any reason. This information is not a promise
or guarantee of benefits, nor is it a guarantee of employment with Starbucks. Nothing herein creates contractual rights or obligations, nor
does it restrict the rights of Starbucks Corporation, its subsidiaries, and its affiliates in any manner. Every effort has been made to ensure the
accuracy of the information contained in this communication. Nonetheless, if there is any discrepancy between the information set out here
and the plan provisions, the terms of the plan provisions will govern.
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