401k

Key Plan Highlights:

• Eligibility: You must be at least 18 years old to participate. Eligibility begins the first of the month on or following your date of hire.

• Vesting: Your 401(k) will be 100% fully vested after 1 year of service.

• Deferral: You will be automatically enrolled at 4% deferral unless you choose to opt out on Fidelity’s website, www.401k.com. You can change your deferral at any time on www.401k.com.

• Contribution limits: The maximum annual contributions you can defer are regulated by the IRS. For 2025, it is $23,500. If you are 50 years or older, you can contribute an additional $7,500 in 2025. If you are 60-63, you can contribute an additional $11,250 in 2025.

• Company Match: Baxter Auto will match 50% of your chosen deferral up to 4%. The maximum match you can receive is 2%. You must work at least 1,000 hours and be employed on 12/31 to be eligible for the annual match. The match will be deposited into your account the following calendar year.

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• Fidelity Enrollment Guide

• Fidelity Fast Facts

• 401k Contact Information Flyer

• 401k Brainshark - Brief Overview of the Baxter Shared Services Retirement Plan