Active full-time and part-time U.S. employees, including interns and foreign service assignees, who are paid a salary that is subject to U.S. Federal wage withholding are immediately eligible to participate in the ABC Retirement Plan.

Eligible employees will be enrolled automatically in the Plan as soon as administratively feasible at a 3% pre-tax contribution rate. A 3% pre-tax contribution rate will be deducted from your eligible compensation and a 3% pre-tax contribution rate will be deducted from your eligible bonus payments.

To help you reach your retirement income goals, your contribution rate and your separate election rate for bonus payments will automatically increase by 1% each July 1 starting the year following your hire date, until you are contributing at a 10% rate. You may stop or change these automatic increases at any time.

Your contributions will be automatically invested in the Vanguard Target Retirement Trust with the year closest to the year you will turn age 65. You can change your contribution rates, your automatic increase and how your contributions are invested at any time.

You choose a percentage of your eligible compensation to contribute to the Plan. This is your contribution rate. Your contributions are automatically deducted each pay period and deposited into your Plan account.

You may contribute up to 50% of your eligible compensation on a combined before-tax, Roth, and after-tax basis. Total contribution rates may not exceed 50% of your eligible compensation. The IRS also limits contributions. For current IRS limits, visit voya.com/IRSlimits.

Visit voyadelivers.com/Roth to learn more about the Roth contribution option in your Plan.

If you are age 50 or older by the end of the year, you are eligible to make catch-up contributions to the plan. Once your contribution reach the annual IRS contribution limit, your contributions will automatically continue up to the catch-up contribution limit. Catch-up contributions are subject to a separate IRS limit.

Separate contribution elections for bonus payments

You choose a percentage of your eligible bonus compensation to contribute to the Plan. This is your bonus contribution rate. Your bonus contributions are automatically deducted each bonus payment and deposited into your Plan account.

You can contribute up to 50% of your eligible bonus compensation on a combined before-tax, Roth, and after-tax basis. Your bonus contribution rate will be separate from your regular eligible compensation contribution rate.

You can change your contribution rates at any time on the Plan website at abcretirementplan.voya.com by going to Contributions & Savings > Manage Contributions. You can also use the Voya Retire mobile app or call the Voya Retirement Service Center at 888-888-8888. Changes will become effective as soon as administratively possible.

Increasing your contributions on a regular basis may help you reach your savings goals faster. At enrollment, your automatic increase was defaulted to 1% per year beginning July 1 of the year you were hired. Using the contribution rate escalator, you can change your automatic increase on a schedule you select. You can choose the incremental increase percentage and how often it takes effect. You can change or turn off rate escalation at any time by going to Contributions & Savings > Manage Contributions.

The Company will match your combined payroll contributions and your separate bonus contributions (before-tax, Roth, after-tax). Matching contributions will be deposited into your account each pay period as follows:

• Dollar-for dollar on the first 1% you contribute
• $0.60 per dollar on the next 4% you contribute
• $0.10 per dollar on the next 1% you contribute

This means you’ll need to contribute at least 6% in combined contributions each payroll or bonus period to get the full 3.5% company match.

In the first quarter of each calendar year, ABC will make a Company Annual Retirement contribution to each eligible employee’s 401(k) account. Your contribution will be a percentage of the eligible compensation you received as of December 31 of the previous year.

If you were hired or rehired on or AFTER January 1, 2006, your Company Annual Retirement Contribution is

If you were hired BEFORE January 1, 2006, your Company Annual Retirement Contribution is 5% of your eligible calendar year annual pay.

Your Company Annual Retirement Contribution is deposited into the Vanguard Target Retirement Trust that is dated closest to the year you turn 65. You may leave it in the default investment fund or you may move it to any of the other investment options available through the 401(k) plan (except for the brokerage option). You cannot direct the investment prior to its deposit.

To be vested is to own the money in your account. You’re immediately 100% vested in your own contributions, rollover contributions, and any investment earnings on those contributions.

You become 100% vested in company matching contributions and any earnings on those contributions after completing one year of credited service.

You become 100% vested in Company Annual Retirement contributions and any earnings on those contributions after completing three years of credited service.

If you leave and are rehired, your vesting is based on your “adjusted hire date,” which takes into account years of credited service prior to the date that you terminated employment with ABC. Please see the SPD for additional information.

Balances from eligible retirement savings plans, such as a previous employer’s plan, may be rolled into your ABC Retirement Plan account. Consolidating multiple retirement accounts may make it easier to manage your savings because your money is all in one place. Download a rollover-in form from the Plan website by going to Plan Information > Forms.

Voya’s Account Consolidation Team
Voya’s team of professionals will help you understand all of your rollover options. To learn more or for help consolidating your accounts, call 1-866-865-2660.

You decide how to invest the money in your account. The plan provides multiple investment approaches – giving you the flexibility to choose to do the investment work yourself or letting Voya do some, or all, of the investment work for you.*

• Vanguard Target Retirement Trusts — designated to be all-in-one investments, Target Retirement Trusts are professionally managed and automatically invest your assets in a diversified portfolio appropriate for each stage in your life, up to and including your retirement years. Each Target Date Trust gradually shifts its emphasis from more aggressive to more conservative investments based on the target retirement date in the name of the Trust. The Vanguard Target Retirement Trust with the year closest to the year you turn age 65 is the default investment for all contributions made to the ABC Retirement Plan. You may direct all or a portion of your account to a different investment option at any time.
• Individual Core Funds — the Plan offers a variety of individual investment funds across a broad spectrum of investment classes. You can allocate your 401(k) account balance in any of these funds in 1% increments and reallocate your account balance to align with your investment objectives at any time. Review your investment performance regularly and make adjustments to your portfolio when necessary.
• Self-Directed Brokerage Account (SDBA) — experienced investors who are comfortable doing their own research and accepting more potential risks can invest in thousands of individual stocks, bonds, ETFs, and mutual funds. There is an annual fee for the SDBA and brokerage fees and commissions will be assessed on each SDBA transaction.

A current list of funds offered in the ABC Retirement Plan can be found on the Plan website in the Investments section.

* All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit nor protect against a loss.

You can choose to invest your contributions in any combination of the Plan’s investment funds. You have the flexibility to choose a mix of funds for your current account balance and a different mix for future contributions. Or you can select the same mix for both. Your elections will apply to before-tax, Roth, and after-tax contribution types. You can change your investment elections at any time through the Plan website, the Voya Retire mobile app or by calling the Voya Retirement Service Center at 888-888-8888.

If you need help making investment decisions, professional advice is available. See the Investment Advice below for additional information. If you do not select investments, your contributions will be automatically invested in the Vanguard Target Retirement Trust with the year closest to the year you will turn age 65.

You can transfer money between investment funds to change the percentage of your savings in each fund or to move your entire portfolio to a completely different mix of funds. You can request fund transfers through the Plan website, the Voya Retire mobile app, or by calling the Voya Retirement Service Center at 888-888-8888.

Following a sale of any Vanguard Fund, you may not repurchase the same fund for 30 days.

Account transactions—such as changing contributions or selecting a different mix or investments—that are confirmed before 4 p.m. ET, will be processed the same business day. Transactions confirmed after 4 p.m. ET, or on weekends or stock market holidays will be processed on the next business day.

Your asset allocation is the percentage you have invested in each investment fund. As the value of your funds may go up and down over time, your asset allocation can change. A change in your asset allocation can affect your investment objectives and risk level. You have the option of having your account automatically rebalanced according to your investment allocations on file for future contributions. Automatic rebalancing can help maintain your preferred asset allocation percentages across your investment elections.

You can set your account to automatically rebalance across your investment elections to your preferred asset allocation quarterly, semi-annually, or annually. If you manually change your investment elections or move money from one fund to another, automatic rebalancing will stop and you will need to reset it to continue to have your account rebalanced. You can start or stop automatic rebalancing at any time.

Elect Automatic Account Rebalancing by going to Investments & Research > Manage Investments

Investment and retirement planning advice is offered through Voya Retirement Advisors (VRA), powered by Edelman Financial Engines^{® 1}.

With VRA, you can receive investment advice through the following options:

• Speak to a VRA Investment Advisor Representative — personalized advice from a licensed representative over the phone weekdays from 7 a.m. to 8 p.m. ET. There are no additional fees for this support.
• Online Advice — a no-cost service available through the Plan to all participants.
• Professional Management — a fee-based service for participants who prefer to have their account managed for them.
  • If you’re age 55 or older and within seven years of your expected retirement age, consider adding Professional Management with Income+.² You’ll get a personalized retirement plan that will be managed to generate monthly income payouts, which can start at your request. There is no additional cost to Professional Management members for this service.

For details on the Online Advice and Professional Management services offered through Voya Retirement Advisors, select the Get Investment Advice link on the Plan website, or call the Voya Retirement Service Center at 888-888-8888 and ask to speak to a VRA Investment Advisor Representative.

¹ Advisory Services provided by Voya Retirement Advisors, LLC (VRA). VRA is a member of the Voya Financial (Voya) family of companies. For more information, please read the Voya Retirement Advisors Disclosure Statement, Advisory Services Agreement and your Plan’s fact sheet. These documents may be viewed online by accessing the advisory services link through your Plan’s website. You may also request these from a VRA Investment Advisor Representative by calling your Plan’s information line. Financial Engines Advisors L.L.C. (FEA) acts as a sub advisor for Voya Retirement Advisors, LLC. Financial Engines Advisors L.L.C. (FEA) is a federally registered investment advisor. Neither VRA nor FEA provides tax or legal advice. If you need tax advice, consult your accountant or if you need legal advice consult your lawyer. Future results are not guaranteed by VRA, FEA or any other party and past performance is no guarantee of future results. Edelman Financial Engines^® is a registered trademark of Edelman Financial Engines, LLC. All other marks are the exclusive property of their respective owners. FEA and Edelman Financial Engines, LLC are not members of the Voya family of companies. ©2023 Edelman Financial Engines, LLC. Used with permission. IMPORTANT: Forecasts regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results (including investment results) and are not guarantees of future results. Results may vary with each use and over time.

² With Edelman Financial Engines^® Professional Management with Income+, payouts begin in retirement at your request. Professional Management with Income+ seeks to manage your investments to create payouts that can last into your early 90s. If you think you’ll want payouts longer than that and want a lifetime guarantee, consider an optional out-of-plan annuity purchase. Guarantees of lifetime income are based on the claims-paying ability of the issuing company. However, annuities are not guaranteed to be available and are generally unavailable to those over age 85 or for balances less than $10,000. Annuities are not right for everyone, and you should decide if they are appropriate for you. Financial Engines does not sell or solicit the sale of insurance products. Voya Retirement Advisors, LLC and Edelman Financial Engines, LLC do not guarantee payout amounts or payouts for life.

Your beneficiary is the person (or persons) who will receive your vested account value in the event of your death. You may designate anyone (or more than one person) as your beneficiary. If you are married and want to name someone other than your spouse as your primary beneficiary, federal law requires your spouse’s written, notarized consent; otherwise, your spouse will be your sole primary beneficiary. It’s important to have the right beneficiary listed and to review your choice periodically, especially after a major life event such as marriage, the birth of a child, divorce or death of a previously named beneficiary. Beneficiary designations cannot be overridden by a will, trust or other directive. Designate your beneficiary on the Plan website by going to Personal Information > Beneficiary Information.

Having your bank account linked to your Plan account can make it easy to move money for:

• New loan requests
• Loan payoffs
• Loan repayments if you are terminated
• Distributions and withdrawals

Link your bank account now so it will be ready when you need it.

The Plan is designed to help you build long-term savings and help supplement your retirement income. But you also have the ability to borrow a portion of your account balance before retirement by requesting a Plan loan. The loan feature is available to active employees not on a leave of absence. You pay yourself back, with interest, through automatic after-tax payroll deductions. Taking a loan requires selling a portion of your vested account balance. Reducing your account balance may make it harder for you to reach your retirement goals so you may want to consider other options before taking a Plan loan.

You may borrow up to 50% of your vested account balance (excluding portion attributable to Company Annual Retirement contributions), but not more than $50,000. The minimum loan amount is $1,000. There are two types of loans:

• General purpose loans of up to 5 years.
• Residential loans of up to 10 years.

Here are a few other things to be aware of before taking a loan:

• You are allowed to have one loan of each type outstanding at the same time. No more than one loan of each type may be granted in any one 12-month period.
• The interest rate for loans is the Prime rate (in effect on the first business day of the month), as quoted in The Wall Street Journal, plus 1%.
• There is a one-time loan initiation fee of $50 for each new loan requested.

If you have an outstanding loan and you leave the company and do not repay the loan or make timely monthly repayments, your loan will go into default and you will be considered by the Plan (and the IRS) to have received a taxable distribution of the amount of your outstanding loan balance.

While you are an active employee, you may be able to withdraw money from your account under certain circumstances. Withdrawals generally will be taken on a pro-rata basis—meaning in equal amounts—from all of your eligible Plan sources and investments.

Types of withdrawals:

• Age 59½ – Once you reach age 59½, you can make withdrawals from your entire vested account balance (excluding Company Annual Retirement contributions.)
• Rollover – You can withdraw all or part of any money that you rolled over from another plan.
• After-Tax (non-Roth) – You can withdraw all or part of your traditional after-tax contributions. Investment earnings on after-tax contributions are taxable when you withdraw them.
• Qualified birth or adoption – Eligible participants may withdraw up to $5,000 for each birth or adoption within one year of the date of the event. Your distribution will be subject to federal income taxes, but the 10% early withdrawal penalty will not apply. Additionally, distributions will not be subject to the usual 20% federal tax withholding rules. You may have the option to repay your QBAD distribution to the plan, partially or in full (by following plan rules).
• Hardship – You can withdraw Pre-Tax and Roth contributions from your account for a serious financial hardship, including:
  • Purchase of a principal residence.
  • Unreimbursed medical expenses.
  • Tuition and fees for postsecondary education.
  • Prevention of eviction or mortgage foreclosure.
  • Burial or funeral expenses for a parent, spouse, child, dependent, or designated beneficiary.
  • Certain expenses for repairing your principal residence, if the expenses qualify as a casualty deduction.
• Disability – You can withdraw all or part of your vested balance if you are approved for Long-Term Disability benefits under the Voya Welfare Plan or Social Security Disability Insurance

To learn more or to request a withdrawal, go to Loans & Withdrawals on the Plan website or call the Voya Retirement Service Center at 888-888-8888.

Withdrawals from the Plan may be subject to 20% federal tax withholding and state tax withholding may also apply. Employee before-tax contributions that are part of a hardship withdrawal are not subject to the 20% withholding. Federal, state and local taxes may also apply and if you are younger than 59½, a 10% early withdrawal penalty may apply.

If you leave the company, or retire, you will be eligible to receive distributions of your vested account balance. Your distribution options are based on the value of your account when you separate from service and annually thereafter.

• If your vested account balance is $1,000 or less:
  • Your balance will be automatically paid to you as a cash distribution 60 days after you separate from service, unless you elect to roll it over into a traditional IRA or another employer’s eligible retirement plan, or convert it to a Roth IRA.
  • If you have an outstanding Plan loan when you separate from service, your loan must be repaid before you receive your final distribution from the Plan. If you do not repay your loan, the outstanding loan balance will be deducted from your total account balance prior to determining the distribution amount you may be entitled to receive.
• If your vested account balance is more than $1,000, you can choose to:
  • Leave your money in the Plan
  • Take a lump sum cash distribution
  • Roll over to another eligible retirement account
  • Take a portion of your money in cash and roll over the rest
  • Request a distribution in installment payments

If you become disabled or upon your death, your 401(k) account balance becomes 100% vested and you (or your beneficiary) can receive the total value of your account.

You can learn more about distributions by going to Loans & Withdrawals or by calling the Voya Retirement Service Center at 888-888-8888. Some distribution options may have tax considerations. It is recommended that you consult with a financial or tax advisor before choosing a distribution option.

A Qualified Domestic Relations Order (QDRO) is a judgment, decree, or order from a state court directing the Plan Administrator to pay all or a portion of a participant’s Plan benefits to a spouse, former spouse, child, or other dependent of the plan participant.

A QDRO may relate to the provision of child support, alimony payments, or marital property rights.

For additional information about QDROs or to request a QDRO template, contact QDRO Administration at:

Voya Financial QDRO
Post Office Box 417
Hartford, CT 06141
Phone: 904-791-2490
Fax: 904-791-2328

There are costs associated with operating the Plan. Some of the costs are shared by all participants. Investment funds have certain expenses that are deducted from fund returns. These fund expenses are listed on the fund fact sheets and on the Plan website. There are one-time fees for certain Plan services, such as requesting a loan.

To learn more about fees and expenses, please review the Annual Fee Disclosure Notice. You can request a copy of the Annual Fee Disclosure Notice from the Forms section on abcretirementplan.voya.com or by calling the Voya Retirement Service Center at 888-888-8888.

You can call the Voya Retirement Service Center at 888-888-8888 and speak to a Voya Customer Service Associate (CSA) weekdays from 7 a.m. to 8 p.m. ET, except on stock market holidays. Live chat is also available. CSAs can co-browse your online account to walk you through transaction steps and show you where to find specific resources and account features.