401K Plan

PetSmart offers a SaveSmart 401(k) Plan. You can participate in the plan if you are 21 years of age or older, you have completed six months of employment with PetSmart, and you worked at least 500 hours. For every dollar you contribute, up to 6 percent of your pay, PetSmart deposits 50 cents into your account. For every calendar year you work 1,000 hours, you own 20 percent of the value of the company’s contributions. (That’s called vesting.) So, after five years, you own 100 percent of PetSmart’s contributions. You’re always 100 percent vested in your own contributions.