There is no waiting period. You can enroll in the Plan at any time. All benefit eligible employees are automatically enrolled with a contribution of 1%.

All benefit eligible employees are automatically enrolled with a contribution of 1%. If you do not wish to contribute to the Plan, you must change your contribution to 0% within the first sixty calendar days of your employment. Based on your date of birth and assuming a retirement age of 65, you will be enrolled in the Fidelity Freedom Commingled Pool Class F, with a corresponding target retirement date. More information about the Fidelity Freedom Commingled Pool Class F 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.

We encourage you to take an active role in the Plan and choose investment options that are appropriate for you.

Through automatic payroll deduction, you may contribute up to 35% of your eligible pay on a pretax basis, up to the annual IRS dollar limits.

A Roth contribution to your retirement savings plan 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 401(k) contribution and after you have attained age 59½, or become disabled or die. Through automatic payroll deduction, you may contribute between 1% and 35% of your eligible compensation as designated Roth contributions, up to the annual IRS dollar limits.

Find more information online within the "Plan & Learn" drop down and "Learn" section of NetBenefits^®.

As long as you have reached or will reach age 50 by year end and are making the maximum plan or IRS pretax contribution, you may make an additional "catch-up" contribution each pay period. The maximum annual catch-up contribution is $7,500. Going forward, catch-up contribution limits will be subject to cost of living adjustments (COLAs) in $500 increments. Your employer does not match your catch-up contributions. You make catch-up contributions through payroll deduction, the same way you make regular contributions.

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 2025 is $23,500.

The Plan helps your retirement savings grow by matching your contributions.

After six months of service, as an incentive for participating in your 401(k) Plan, Children's of Alabama will contribute another 50 cents for every dollar you contribute to the Plan, up to 14% of your salary contributed.

Vesting indicates the amount of your account balance to which you are currently entitled according to the Plan's rules. You are immediately 100% vested in the money you invest in your 401(k) Plan account and any returns you earn on your account balance. As the schedule below shows, you also become 100% vested in any matching contributions made by Children's of Alabama, as well as any earnings on those contributions, if any, after six years of continuous employment. Credited service is defined as 1,000 hours of service in a plan year.

Years of Credited Service	Vested Percentage
1	0
2	20
3	40
4	60
5	80
6	100

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 various 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.

Fidelity^® Personalized Planning & Advice ("The Service")
Fidelity^® Personalized Planning & Advice is a retirement goal based managed account service with a team of portfolio managers who manage the investments in your workplace savings plan account. Based on your unique needs and goals, our team of professionals will create a plan that considers your total financial situation, put the plan into action, and work for you putting in the time, resources, and knowledge needed to keep you on track for retirement.

This includes:

• Regularly monitoring and rebalancing of your account
  
• Strategy refinement that supports you as your financial situation evolves
  
• Quarterly check-ins, which include your progress toward key milestones
  
• Personal planning dashboard that includes progress to retirement and other profile details

Although your plan account is intended for the future, you may borrow from your account for any reason.

Learn more about and/or request a loan online, or by calling the Fidelity Retirement Benefits Line at 1-800-343-0860.

Withdrawals from the Plan are generally permitted when you terminate your employment, retire, reach age 59½, become permanently disabled, or have severe financial hardship as defined by your plan. As of July 1, 2013, you will be allowed to take an in-service withdrawal from any rollover money that you may have in your account.

You are permitted to roll over eligible pretax and after-tax contributions from another 401(k) plan or Roth 401(k) plan account or eligible pretax contributions from another conduit individual retirement accounts (IRAs).

A conduit IRA is one that contains only money rolled over from an employer-sponsored retirement plan that has not been mixed with regular IRA contributions.

Contact your Human Resources Benefits department for details.

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.