Bbu 401(k) match, vesting and fees

The Company provides matching contributions contingent upon which participant group participants are members of, as defined in the plan document. The Company matches 50% of participants' salary deferrals up to 5% of compensation except for former MB participants and former SL participants, as defined, who receive a match equal to 50% of participants' salary deferrals up to 3% of compensation. Participants that are members of certain collective bargaining units receive a matching contribution of 100% of their salary deferrals up to 3% of compensation. For certain collective bargaining units, there is no Company match. Employer contributions were reduced by $38,310 and $24,482 from forfeited nonvested accounts to fund the 2023 and 2022 plan year's true-up employer contribution, respectively. The employer true-up contribution pertaining to 2024, in the amount of $35,923, was fully funded from the forfeiture account in March of 2025. These true-up contributions were made to make certain participants whole for employer matching contributions due to them.

Participants are vested immediately in their contributions plus actual earnings thereon. Vesting in the Company's contribution portion of their accounts is based on years of continuous service. A participant is 100% vested in Company contributions after three years of credited service based on a graded schedule, as defined in the plan document. Former MB participants and former SL participants are 100% vested in Company contributions after five years of credited service based on a graded schedule, as defined in the plan document. Participants also become 100% vested in Company contributions upon death, disability or attainment of age 65. For certain former SL participants who are members of the Bakery Group Union and the Maintenance Grocers Union, participants become fully vested after two years of service for Company contributions. Local 433 Participants and ABA Participants are immediately 100% vested in Company contributions.

The Plan includes an auto-escalation provision whereby each plan year following the employee's initial enrollment, a participant may elect, in the manner prescribed by the plan administrator, to have an automatic annual increase of between 1% and 5%, apply to their pre-tax basis or after-tax contributions, to go into effect May 1 of each year, up to the maximum contributions allowable by the Plan. Auto-escalation is not permitted for certain collective bargaining participants, including former SL participants. Certain union groups are eligible for auto-enrollment into the Plan, as defined in the plan document.

Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested account balance. The loans are secured by the balances in the participants accounts and bear interest at rates that range from 4.25% to 9.50%, based on the prime rate as reported by Reuters on the last day of the month prior to loan issuance, plus 1% at December 31, 2024. A participant may only have one general purpose loan outstanding at a time, except for a former SL participant who may have up to two general purpose loans outstanding. The maximum loan term is five years, or fifteen years if the loan is used to purchase a primary residence.