SAVINGS PLAN FOR EMPLOYEES AT ORNL Contribution & Employer Match

How UT-BATTELLE, LLC Supports Your Retirement Savings

UT-BATTELLE, LLC provides retirement savings benefits through SAVINGS PLAN FOR EMPLOYEES AT ORNL. 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.

SAVINGS PLAN FOR EMPLOYEES AT ORNL Contribution & Match Policy

1. Employee Contribution Rates: Participants may contribute 1 percent to 75 percent of eligible earnings each pay period (or 16 percent for highly compensated employees, 19 percent effective February 1, 2023).

2. Employer Match/Contribution Conditions: Contributions will be matched at a rate of 50 percent of the first 6 percent of eligible earnings, for a maximum company match of 3 percent of eligible earnings. Contributions above 6 percent are not eligible for Company matching contributions.

3. Vesting Schedule/Eligibility: Company matching contributions become 100 percent vested after three years of service; at age 65 while a Company employee; upon retirement and eligibility to receive an immediate pension; or upon departure from the Company because of permanent disability, death, or involuntary termination for reasons other than cause.

4. Roth 401(k) Contribution: Yes, employee contributions to the Plan may be made on a Roth basis.