BUCKEYE PIPE LINE SERVICES COMPANY RETIREMENT AND SAVINGS PLAN Contribution & Employer Match

BUCKEYE PIPE LINE SERVICES COMPANY RETIREMENT AND SAVINGS PLAN Average Participant Retirement Account Value

BUCKEYE PIPE LINE SERVICES COMPANY RETIREMENT AND SAVINGS PLAN Estimated Average Employee Contribution Amount

• A participant may elect to contribute, on a pre-tax or Roth 401(k) basis, up to 50% of the participant’s weekly compensation to the Plan.
• The maximum employee contribution cannot exceed the limits on pre-tax and/or Roth 401(k) elective deferrals and annual additions permitted by the Internal Revenue Code of 1986, as amended (IRC).
• Participants who have attained or will attain age 50 by the end of the calendar year may make additional catch-up contributions.
• A participant may elect to make after-tax contributions by designating a whole percentage of compensation between 1% and 15%.
• The participant’s after-tax contributions are made through payroll deductions.
• The Plan includes an auto-enrollment provision whereby newly eligible employees are automatically enrolled in the Plan after 40 days of employment at a deferral rate of 5% of eligible compensation unless they affirmatively elect to opt out of the Plan or elect a deferral rate other than 5%.

• The Company contributes to the Plan on behalf of each participant an amount equal to 100% of such participant’s contribution up to a maximum of 5% of the participant’s eligible compensation per payroll period for employees with less than 20 years of service and 6% of the participant’s eligible compensation per pay period for employees with 20 years of service or more.
• Contributions of the Company up to an amount equal to the first 2% of the participant’s eligible compensation are allocated to the participant’s 401(k) account and the remaining Company contributions are allocated to the participant’s 401(a) account.
• The Company also provides participants with a retirement account contribution of 5% of the participant’s eligible compensation per payroll period.

• Vesting schedule: Years of Service: 1 – Percent Vested: 20% Years of Service: 2 – Percent Vested: 40% Years of Service: 3 – Percent Vested: 60% Years of Service: 4 – Percent Vested: 80% Years of Service: 5 – Percent Vested: 100% Company contributions to a participant’s retirement account and Company contribution 401(a) account become fully vested after five years of service (20% vesting per Plan Year, which is January 1 – December 31).
• Company contributions to the retirement account and Company contribution 401(a) account also become fully vested upon the participant’s termination of employment due to death, disability, attainment of age 65, or termination of the Plan.
• Participants are fully vested at all times in their contributions to the Plan, including their rollover account, their Roth rollover account, their retirement rollover account, and their Company contribution 401(k) pre-tax and Roth deferral accounts.