Hilton Domestic Operating 401(k) match, vesting and fees

All elective contributions, Employer's matching contributions, and investment earnings are 100% vested at all times.

The Plan was amended on January 1, 2019 to revise for eligible employees of the Plan to automatically be enrolled and deemed to have elected to contribute one percent (1%) of compensation to the Plan each payroll period, unless affirmative election otherwise is made prior to the date of eligibility, as well as amended on January 1, 2020 to allow a participant to elect a hardship withdrawal to pay for expenses and losses incurred as a result of a disaster declared by the Federal Emergency Management Agency (FEMA), provided that the participant's principal residence or principal place of employment at the time of the disaster was located in an area designated by FEMA for individual assistance with respect to the disaster.

Participants may make pre-tax and Roth contributions, in the aggregate, from 1% to 75% of their compensation each year, up to a statutory maximum of $23,000 ($30,500 for participants 50 years old or older), as determined by the IRS.

Each participant may borrow from their account a minimum of $1,000 up to a maximum of the lesser of $50,000 reduced by the outstanding balance of other loans, or 50% of the value of the vested balance. Loan transactions are treated as transfers to or from the account from which they are made. Loan terms range up to five years, unless the loan is used for the purchase of a primary residence, in which case the loan term is up to 15 years. Each loan is secured by the balance in the participant's account. Loans bear interest at a fixed rate equal to the prime rate on the last day of the month preceding the month in which the loan is made. Principal and interest are payable in equal installments over the loan term. A loan that is in default is generally treated as a taxable distribution from the Plan for the entire outstanding balance of the loan (a "deemed distribution").