MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN Contribution & Employer Match

How MICROCHIP TECHNOLOGY INCORPORATED Supports Your Retirement Savings

MICROCHIP TECHNOLOGY INCORPORATED provides retirement savings benefits through MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

MICROCHIP TECHNOLOGY INCORPORATED SAVINGS PLAN Contribution & Match Policy

1. Employee Contribution Rates: Participants may contribute 1% to 60% of their base earnings.

2. Employer Match/Contribution Conditions: The employer provides a non-discretionary match of 25% of participant contributions up to 6% of the participants’ annual compensation, combined with a discretionary match of 50% of participant contributions up to 6%, for a total combined match of 75% for all four quarters.

3. Vesting Schedule/Eligibility: Participants are immediately vested in their contributions and actual earnings. For the employer’s discretionary and non-discretionary contributions, participants are fully vested upon reaching age 65, total disability, plan termination, or death; otherwise, they vest 20% after the first year and an additional 20% each year until fully vested after 5 years of service.

4. Roth 401(k) Contribution: Yes, the plan allows Roth 401(k) contributions.