RETIREMENT PLAN Overview BB&N sponsors a 403(b) Retirement Plan through TIAA. Participants select investments based on their goals and risk tolerance. There are two classes of Participants. Full Participants are those employees in regularly scheduled positions with service requirements of at least 1,000 hours per year. Limited Participants are those with lesser schedules, such as those who are temporary, seasonal, or part-time. All Participants, regardless of Plan class, may save from their pay on a pre-tax basis up to IRS limits. Enrollment in this plan must be completed prior to making employee contributions or receiving employer matching contributions. The Plan document has more detailed provisions which will override any conflict with this brief description. IRS Limits + You may contribute up to $23,000 annually + Employees aged 50+ may contribute an additional $7,500 annually + Click here to access the contribution form BB&N Contribution + BB&N contributes 8% of base pay plus a 2% match for those who save at least 2% + Full participants receive BB&N contributions without a waiting period Additional Details (applicable to anyone who began work on or after June 1, 2023) + Any BB&N contributions are forfeited if employment terminates before 15 months of service + Service age requirement of 21 is also added for employer contributions, but not for voluntary savings contributions 2024 Benefits Guide | 18