LUMEN 401(K) SAVINGS PLAN Contribution & Employer Match

LUMEN 401(K) SAVINGS PLAN Average Participant Retirement Account Value

LUMEN 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

• Participants not covered by collective bargaining agreements are eligible to enter the Plan immediately following the completion of 30 consecutive calendar days of employment and are automatically enrolled at a contribution rate of 3% of their eligible compensation if they do not opt out of the Plan or voluntarily set their contributions at a different level.
• Participant contributions may be made on a pre-tax, after-tax or Roth 401(k) basis or in any combination up to 80% of eligible compensation.
• As established in Code Section 402(g)(1), combined pre-tax and Roth 401(k) employee elective contributions were limited to $23,000 and $22,500 for 2024 and 2023, respectively.
• Participants who have reached age 50 may make additional catch-up contributions up to certain annual maximum amounts established in Code Section 414(v)(2)(B)(i).
• The maximum additional contribution was $7,500 for both 2024 and 2023.

• The Company matches 100% of a participant’s pre-tax and/or Roth contributions of the first 1% of the participant’s eligible compensation plus 60% of the same contributions that exceed 1% up to a maximum of 6% of the participant’s eligible compensation.

• Participants are always 100% vested in their own contributions and resulting investment income.
• Those employees not covered under a collective bargaining agreement are required to complete two years of vesting service before becoming 100 percent vested in the matching contributions allocated to their Plan accounts.
• Vesting service is credited using the elapsed time method.
• Company matching contributions and any associated investment income for employees covered under a collective bargaining agreement are subject to the vesting schedule (if any) as prescribed by the participant’s collective bargaining agreement.