Comcast 401(k) match, vesting and fees

Each participant has at all times a 100% non-forfeitable interest in in the participant’s contributions and earnings attributable thereto. Effective January 1, 2018, the Company match was increased to 6%. For eligible employees with an employment commencement date prior to January 1, 2018, matching contributions are 100% vested when contributed to the Plan. For eligible employees with an employment commencement date on or after January 1, 2018, matching contributions will become 100% vested after the employee completes two years of service with the Company. The Company may also make a contribution of up to 1% of eligible compensation on behalf of certain other non-highly compensated employees of the Company eligible to participate in the Plan. In each case, such employer contributions become vested in annual 20% increments based on years of service with the Company and its subsidiaries commencing with the attainment of 2 years of service.

Employees of the Company become eligible to participate in the Plan after completion of 90 days of service (or, in the case of employees of NBCUniversal Media, LLC and its subsidiaries (“NBCUniversal”), immediately following their hire date) and are automatically enrolled in the Plan at a contribution rate equal to 3% of eligible compensation on a pre-tax basis unless they opt out of participation. Automatically-enrolled participants may thereafter increase or decrease their contribution at any time. Contribution rates for participants who were automatically enrolled on or after January 1, 2013, will increase 1% per year up to 10%, subject to certain limits imposed by the Code, unless a participant elects to opt out of the automatic increase program.

In addition, eligible participants may elect an in-plan rollover of all or any portion of their account balances to the participant’s Roth rollover account.

A participant may borrow from their Plan account subject to the approval of the Plan Sponsor in accordance with applicable regulations issued by the Internal Revenue Service (“IRS”) and the Department of Labor. In general, a participant may borrow a minimum of $500 up to a maximum of the lesser of $50,000 or 50% of the participant’s non-forfeitable accrued benefit on the valuation date (as defined by the Plan) last preceding the date on which the loan request is processed by the Plan Sponsor. The maximum term of a loan made pursuant to the Plan is five years. Loans with terms of greater than five years are permissible for the purchase of a primary residence or may exist under the Plan as a result of rollovers from merged plans. Interest accrues at the rate of prime plus 1% as of the month the loan application is approved.