There is no waiting period. You can enroll in the 401(k) at any time.

If you are an eligible employee and have not enrolled in the 401(k) within 60 days of your hire date, you will be automatically enrolled in the 401(k) at a contribution rate of 3% of your pretax eligible pay. Your contributions will be automatically invested in a Target Series Retirement Fund based on your age and an assumed retirement date of age 65.

You may change your contribution rate at anytime. Unless you take action, your contribution rate will automatically increase by 1% each year, up to a maximum rate of 10%.

Enroll online at any time, or by calling the DXC Wealth and Retirement Center at 877-839-2627.

Your enrollment becomes effective once you elect a deferral percentage, which initiates deduction of your contributions from your pay. These salary deductions will generally begin with your next pay period after we receive your enrollment information, or as soon as administratively possible.

You may contribute up to 50% (in increments of 1%) of your eligible pay on a pretax and/or Roth (after-tax) basis, though certain highly compensated employees may be limited to lower percentages. In addition, you are permitted to roll over distributions from certain retirement plans, annuity contracts, and individual retirement accounts.

A Roth contribution to your DXC 401(k) allows you to make after-tax contributions and take any associated earnings completely tax free at retirement - as long as the distribution is a qualified one. A qualified distribution, in this case, is one that is taken at least five tax years after your first Roth contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you can contribute between 0% and 50% of your eligible pay as designated Roth contributions, up to the annual IRS dollar limits.

Find more information online within the "Learn" section of NetBenefits^®.

If you are age 50 or will reach 50 during the plan year and are making the maximum contributions permitted by law and the 401(k), you may make additional “catch-up” contribution each pay period. The maximum annual limit for catch-up contributions in 2025 is $7,500. The overall IRS contribution limit, including catch-up contributions, in 2025 is $31,000.

These limits are subject to cost-of-living adjustments and may increase by $500 increments in future years.

Starting in 2025, the SECURE 2.0 Act increases the limit for you if you have attained age 60, 61, 62, or 63 in a given calendar year. The limit for 2025 is $11,250.

The IRS contribution limit for your pretax and/or Roth contributions in 2025 is $23,500.

These limits are subject to cost-of-living adjustments and may increase by $500 increments in future years.

Employer matching contributions are deposited annually in the first quarter of the new year for the contributions you made during the prior plan year. In general, DXC will match 50% of the first 6% of the eligible pay you contribute to the 401(k) during the plan year. If you contribute at least 6% of your eligible pay by the end of the plan year, but not evenly each pay period, DXC will make a “true-up” contribution, if needed, to ensure you receive a full match for the year.

In general, you must be an active employee on December 31 to receive the matching contribution in the first quarter of the new year. However, you will receive the match in the event you are involuntarily terminated in December, you die, or you retire after age 55 during the plan year.

You are always 100% vested in your own contributions to your 401(k) account, as well as any earnings on them.

Most employees become 100% vested in company matching contributions after one year of service with DXC.

To help you meet your investment goals, the Plan offers you a range of options. You can select a mix of investment options that best suits your goals, time horizon, and risk tolerance. The variouus investment options available through the Plan include conservative, moderately conservative, and aggressive funds. A complete description of the Plan’s investment options and their performance, as well as planning tools to help you choose an appropriate mix, are available online.

We encourage you to take an active role in the DXC 401(k) and choose investment options that best suit your goals, time horizon, and risk tolerance. If you do not select specific investment options in the plan, your contributions will be invested in the Target Series Retirement Fund with the target retirement date closest to the year you might retire, based on your current age and assuming a retirement age of 65. More information about the Target Series Retirement Fund options can be found online.

Target Date Funds are an asset mix of stocks, bonds and other investments that automatically becomes more conservative as the fund approaches its target retirement date and beyond. Principal invested is not guaranteed.

For those desiring the most investment flexibility and choice, the Plan offers Fidelity BrokerageLink^®, a self-directed brokerage account, which provides you with the opportunity to select from thousands of mutual funds beyond those offered in the standard plan lineup. More information about BrokerageLink^®, including an overview, the commission schedule, and a fact sheet that outlines the Plan-level restrictions and other settings, is available online at NetBenefits. Click on "Quick Links," then select "BrokerageLink."

Although your 401(k) account is intended for the future, you may borrow from your account for any reason if you are actively employed.

You may only have one outstanding loan at a time and may only request one loan in any 12-month period. The minimum loan amount is $1,000, and the legal maximum is the lesser of 50% of your vested account balance or $50,000. Terms of the loan may be from one year up to 5 years for general purpose loans and up to 15 years if the loan is for the purchase of a primary residence.

When you take a loan, you pay yourself interest. The interest rate is set for the duration of the loan and is based on the prime rate on the last business day of the month prior to your loan, plus 1%. Repayments are made through payroll deductions.

Learn more about and/or request a loan online, or by calling the DXC Wealth and Retirement Center at 877-839-2627.

While an active employee, you are permitted to receive a withdrawal from your 401(k) account if you experience financial hardship or upon reaching age 59 ½ (once each 12-month period), subject to certain legal and 401(k) limits. In addition, you may withdraw your rollover contributions (including Roth rollovers) for any reason.

Participants are only allowed one age 59.5 withdrawal within any 12-month period.

Learn more about and/or request a withdrawal online, or by calling the DXC Wealth and Retirement Center at 877-839-2627.

You are permitted to roll over distributions from certain retirement plans, annuity contracts, and individual retirement accounts.

Additional information can be obtained online, or by calling the DXC Wealth and Retirement Center at 877-839-2627.

Be sure to consider all your available options and the applicable fees and features of each before moving your retirement assets.

If you have not already selected your beneficiaries, or if you have experienced a life-changing event such as a marriage, divorce, birth of a child, or a death in the family, it’s time to consider your beneficiary designations. Fidelity’s Online Beneficiaries Service, offers a straightforward, convenient process that takes just minutes. To make your elections, click on the “Profile & Settings” icon in the upper right-hand corner, then select “Beneficiaries” and follow the online instructions.

Learn about loans, exchanges, and more online. In particular, you can access loan modeling tools that illustrate the potential impact of a loan on the long-term growth of your account. You will also find a withdrawal modeling tool, which shows the amount of federal income taxes and early withdrawal penalties you might pay, along with the amount of earnings you could potentially lose by taking a withdrawal. Additional information can be obtained by calling the DXC Wealth and Retirement Center at 877-839-2627.