401(k) Plan

Overview

The Plan provides for automatic enrollment. This means that we will automatically withhold 5% of your compensation as an Elective Deferral unless you elect to withhold a different percentage or opt-out of auto enrollment. You will receive a letter from Empower about your auto-enrollment. You will have 30 days from the date of the letter to opt-out.

If you choose auto-enrollment, your contribution percentage will then be auto increased by 1 percentage on the anniversary of your auto enrollment.

You’re eligible to participate immediately. You can access your Heritage Distribution Holdings 401(k) plan account online (see below for details). Make sure to increase your contribution amount in order to take advantage of the full Company match!

You can contribute up to the following IRS limits in 2025:

• $23,500/year
• If you’re age 50 to 59, you can contribute an additional $7,500/year catch-up contribution.
• If you’re age 60 to 63, you can contribute an additional $11,250/year catch-up contribution.

Heritage will also match your contributions:

• On the first 4% of your income: For every dollar you contribute, the Company will contribute one dollar.