Amazon 401(k) match, vesting and fees

Participants may direct the investment of contributions to any of the Plan’s investment fund options. The Company Stock Fund is an available investment alternative for matching contributions and is not an available investment alternative for employee contributions. The Company makes matching contributions to the Plan equal to 50% of each participant’s contributions (excluding rollover and catch-up contributions), with a maximum contribution amount eligible to be matched of 4% of a participant’s annual compensation as defined by the Plan.

Participants are immediately vested in their own contributions, as well as any actual earnings thereon. Participants are 100% vested in Company contributions and any actual earnings on such amounts after three years of service.

Participants may also roll over amounts representing pre-tax or Roth after-tax distributions from other qualified plans.

Participants may borrow from their fund accounts a minimum of $1 up to a maximum amount equal to the lesser of 50% of their vested account balance or $50 (less the highest outstanding loan balance in the prior year). Loan terms range from one to five years, or up to 15 years for the purchase of a primary residence. All loans will bear interest at a commercially reasonable rate determined by the plan administrator and are secured by the participant’s vested account balance. Participant loans are treated as notes receivable to participants’ accounts. Principal and interest can be repaid by participants ratably through payroll deductions or as a lump sum for the outstanding loan balance. Partial repayments of the outstanding loan balance are permitted.