401(k) plan (Puerto Rico Mountaineers)

The Iron Mountain Puerto Rico 401(k) retirement plan helps you save for the future and build your financial stability.

Eligibility: Regular full-time or part-time Mountaineers located in Puerto Rico who are at least 18 years of age are generally eligible to participate in The Iron Mountain Companies Puerto Rico 401(k) Plan.

Overview:

• You are automatically enrolled in the Iron Mountain Puerto Rico 401(k) retirement plan at a 3% before tax contribution rate per pay period.

• The contribution will automatically increase by 1% each year up to 15%.

• Iron Mountain matches 67 cents for each dollar you contribute, up to the first 6% of your eligible earnings.

• You are fully vested in all contributions from day one.

• Your contributions are deducted before taxes are taken from your paycheck.

• You can opt out or change your contribution amount anytime through Fidelity NetBenefits or by contacting the Fidelity Retirement Benefits Center within 30 days of your hire date.

• How it works

  You are automatically enrolled in the Iron Mountain Puerto Rico 401(k) plan at a before tax contribution rate of 3% per pay period. We automatically increase this contribution by 1% each year, up to a maximum of 15% of pay.

  Iron Mountain matches 67 cents for each dollar you contribute, up to the first 6% of your eligible earnings each paycheck. If you contribute 6%, you’ll see 4% in employer matching contributions added to your retirement savings.

  View the Plan FAQs here and visit Fidelity NetBenefits for complete details.

• Opting out

  If you want to opt out, you need to do so within 30 days of your hire date through the Fidelity NetBenefits website or mobile app or by calling the Fidelity Retirement Benefits Center at 800-835-5095 (English) or 800-587-5282 (Spanish), Monday through Friday, from 8:30 am to midnight ET.

• Contribution amounts

  You can contribute up to 100% of your base pay in before-tax contributions up to Puerto Rico code limits.

  For 2024 and 2025, the annual contribution limit is:

  • Age 49 or younger: $15,000

  • Age 50 or older: $16,500 (you may contribute an additional $1,500 as a catch-up contribution)

• Vesting

  Vesting refers to a portion of the 401(k) account that you own. You vest, or own, all the contributions made to your account, including any matching contributions from Iron Mountain, beginning on day 1. This means you own all contributions both you and Iron Mountain make to your account when contributions first begin.

  Any company match made prior to 2024 is subject to a vesting schedule.

• Changing your 401(k) contribution amount

  You can change the amount you contribute to your 401(k) account at any time. Go to the Fidelity NetBenefits website or mobile app to increase, decrease, or stop your contributions.

• Withdrawals

  In-service withdrawals are allowed in certain situations, such as:

  • Loans

  • Hardships

  • Disability

  For more information about your options, visit the Fidelity NetBenefits website or contact the Fidelity Retirement Benefits Center at 800.835.5095 (English) or 800.587.5282 (Spanish), Monday through Friday, from 8:30 am to midnight ET.

• Designate a beneficiary

  It’s important to designate one or more beneficiaries for your 401(k) to ensure your money is distributed according to your wishes after death and to avoid a long and costly legal process for your loved ones.

  Designate or update your beneficiaries through your Profile & Settings on the Fidelity NetBenefits website or mobile app.

• Have a 401(k) account from a previous employer?

  You may be able to roll over account balances from other employer-sponsored, qualified 401(k) accounts into your Iron Mountain Puerto Rico 401(k) retirement plan. Go to the Fidelity NetBenefits website to access the rollover instructions. If you need help, contact the Fidelity Retirement Benefits Center.

• Contact

  For more information, visit the Fidelity NetBenefits website or NetBenefits mobile app or contact the Fidelity Retirement Benefits Center at 800-835-5095 (English) or 800-587-5282 (Spanish), Monday through Friday, from 8:30 am to midnight ET. The Fidelity Retirement Benefits Center can support you in your language of choice; interpreters are available by contacting the English contact number.