eBay 401(k) match, vesting and fees

Vesting – Participants are vested immediately in their contributions plus actual earnings thereon, including employer safe harbor contributions.

The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan, on the 90th day following the participants entry date, unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 4% of eligible compensation and their contributions invested in a designated fund until elected otherwise by the participant.

Notes receivable from participants – Participants may borrow from their 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 issued by the Plan and secured by the balance in the participant’s account. All loans must be repaid within a period of five years, unless the loan is used to purchase a principal residence, in which case, the loan must be repaid within a reasonable period of time not to exceed ten years. Under the terms of the Plan Agreement, plan loans will bear a reasonable rate of interest determined by the Administrative Committee. Principal and interest are paid ratably through monthly payroll deductions. As of December 31, 2024, the rates of interest on outstanding loans ranged from 3.25% to 9.25%, with various maturities through December 2034.