[ FINANCIAL ]

You may start contributing to the RSP immediately upon hire.

• You can contribute from 1% to 50% of your eligible pay as pre-tax contributions or Roth after-tax contributions.
  • Pre-tax contributions put more money in your pocket now, but you will pay taxes on your contributions and earnings when you withdraw.
  • For Roth contributions, you pay income taxes on those contributions now but can receive tax-free distributions when you make an eligible withdrawal.
• A calendar year limit of $23,500 (for 2025) applies to your total pre-tax and Roth after-tax contributions. But if you are at least age 50, you can make additional catch-up contributions of $7,500 (2025).
• If you don’t make an enrollment election, you will be automatically enrolled in the Plan at 4% pre-tax deductions, automatically increasing 1% per year up to 10%.
• You also can contribute from 1% to 50% of your eligible pay as after-tax contributions, but these amounts do not receive company matching contributions.
• BCU offers a company 100% match on your pre-tax and Roth deferrals, up to 4% of your eligible pay (2025).*
• You also will receive a non-matching contribution of 3% of your eligible pay for the year. Non-matching contributions will be made to all eligible employees’ accounts, regardless of whether you elect to make pre-tax or Roth after-tax contributions. You must be employed with BCU on the last day of the calendar year to be eligible for a non-matching contribution.
• You can roll over distributions from another qualified plan, including the Baxter Retirement Savings Plan.
• You are 100% vested in your and the company’s matching contributions. Non-matching contributions vest after three years of service, including your time as a former Baxter employee.
• You can determine how your contributions are invested, selecting from a diversified menu of investment funds. For an additional fee, you also can invest your plan balances in stocks, bonds, and additional mutual funds through a self-directed brokerage window.
• If you need more help investing our plan balances, the Plan offers My Total Retirement™ through Empower Retirement Advisory Services. This optional service provides personal guidance, investment strategy, and ongoing account management for a monthly fee deducted directly from your account.
• If you do not make an investment election, your contributions will be automatically invested in the Target Date fund nearest to your expected retirement date (age 65).
• Two in-service loans are allowed at a time, up to 50% of your vested balance (or $50,000 if less).
• In-service withdrawals are allowed for hardships.

* Eligible pay under the Plan does not include one-time bonuses, educational reimbursements, expense allowances, severance pay, disability income not paid by BCU, imputed income, discretionary awards, reimbursement from other plans, or workers’ compensation.