Kao America Inc 401(k) Savings Plan

The Kao America Inc. 401(k) Savings Plan is the primary program that allows you to save for your retirement. Kao will match your savings plan contribution, subject to the Plan’s Rules and IRS annual contribution limits. You may enroll or increase your contribution in this plan at any time. While participation is not mandatory, we strongly encourage you to use this plan to help build an adequate retirement nest egg.

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Review the 401(k) plan basics in the chart below. Then, contact Fidelity Investments who is the plan’s recordkeeper to enroll or make changes.

401(k) Plan Basics

PLAN FEATURE HOW IT WORKS

Enrollment & Account Management Enroll any time by logging on to http://www.netbenefits.com and following instructions or by calling the Fidelity Retirement Benefits Line at 800-294-4015. You are eligible to enroll on your date of hire.

Contributions Types You may choose to make pre-tax, or Roth contributions up to the annual IRS limit.

Pre-tax — your contributions are made before your current payroll taxes are calculated providing you a tax savings right now.

Contribution Limits & Kao Matching Contributions Roth — your contributions are made after your current payroll taxes are calculated and the funds when they are withdrawn at retirement will be generally tax-free providing you a tax savings in retirement.

You may contribute 1%–80% of your eligible pay on a pre-tax and/or Roth after-tax basis up to the IRS limit for 2022.

If you are 50 or over you may contribute an additional amount to your plan as Catch-up Contributions. These contributions are match-eligible up to the IRS limit for 2022.

Employer Matching & Vesting Kao matches 100% of the first 3%, 50% of the next 2%, and 50% of the following 2% (discretionary) you contribute, up to a total of 5% employer match in 2022. In order to receive the full employer match you will want to contribute at least 7%. Matching contributions are calculated at each pay period. In order to get the maximum match, you should spread your contributions out evenly throughout the year. All company contributions are immediately 100% vested.

Rollover

More Information If you have a retirement plan from a prior employer, you may be able to rollover this balance into your Kao 401(k) Plan. Please contact Fidelity at 800-294-4015 for more information on rolling over your prior plan.

You can learn more about how the plan works and how to invest by visiting http://e-learning.fidelity.com. Also on the “Tools & Learning” section of the Fidelity website there are many helpful articles and calculators to help you plan your retirement.

For additional Plan details refer to the Summary Plan Description at http://www.netbenefits.com.