401(k) Plan

Contributing to your tax-advantaged 401(k) now can help you prepare for retirement and “what-ifs” down the road. The Lineage plan is easy to use because your savings come out of your pay automatically, plus, Lineage contributes to your account to help your savings grow faster. 

You will become eligible to contribute to the 401(k) on the first of the month following 30 days of continued employment. You can receive the Lineage match on the first of the month after working at Lineage for six months.

Once you become eligible, you’ll be contacted by Vanguard directly via mail to set up your account.

• Existing team members: If you’ve been with Lineage over 30 days and haven’t enrolled in the 401(k) plan, contact Vanguard at 1-800-523-1188, Monday‑Friday 7:30 AM to 8:00 PM CT to get started.

You may start, stop or change your contribution rate and investment elections at any time by visiting the Vanguard website or calling 1-800-523-1188. Open Enrollment is a great time to review your current contributions and beneficiaries and make changes as needed.

Once your account is created, you can choose how much of your paycheck to set aside. You may contribute between 0% and 75% of your eligible pay to your plan account, up to annual IRS limits.

2025 contribution limits

401(k) account holders	2025 contribution limits
Those under 50	$23,500
Those 50 and over this year	$31,000 (which includes an additional $7,500 in catch-up contributions)
Those 60 through 63 this year	$34,750 (which includes an additional $11,250 in catch-up contributions)

These limits include your pre-tax contributions, post-tax contributions or a combination of both.

Investment Options

You can choose your own investment options or pick from Vanguard’s recommended funds, including Target Retirement funds, to give you the best mix of investments to maximize your earnings before retirement.

Lineage helps you reach your retirement goals faster by making matching contributions to your account.

• Lineage matches 100% of your pre-tax and post-tax contributions to the plan, up to 3% of your eligible pay*
• Lineage matches 50% of your pre-tax and post-tax contributions to the plan for the next 2% of your eligible pay*

This means that if you put at least 5% of your base pay towards your retirement savings, Lineage will contribute an amount equal to another 4% of your pay.

* Eligible pay includes your base salary, not including any bonus or commissions.

Here’s how the company match works:

For example, if you earn $50,000 per year and wish to receive the maximum company match:

Vesting

Vesting is another way of saying, “how much of the money is yours to keep if you leave the company.”

Unlike many companies, Lineage provides immediate vesting of all employer matching contributions. You are 100% vested in your own contributions and the company’s contributions to your account, including any investment gains and losses on these contributions. This means you own all the money in your account right away and if you leave the company, you will take both your and Lineage’s contributions to your account when you go.

To ensure your family’s financial security, it’s important to designate a beneficiary and keep your beneficiary information up to date with Vanguard. Regularly review and update beneficiaries, especially after major life events.

In the event of your death, your 401(k) balance will go to your beneficiaries. Naming your beneficiary ensures the money goes to the right person. You can designate more than one beneficiary or name a trust, charity or estate to receive the benefit.

To add or change your beneficiary: Vanguard beneficiaries are not housed in the Workday system. To access your current beneficiary details or make a change, log on to your personal Vanguard account.

The money in your account is a long-term investment to help you prepare for your financial needs in retirement. However, under certain circumstances, you may be able to access money from your account before reaching retirement age. For more information, visit the Vanguard website or call 1-800-523-1188.

Whether you’re new to investing or a seasoned pro, Vanguard offers complementary advisory services and resources to help you understand what you need for a successful retirement*.

* Before investing, carefully consider the funds’ or investment options’ objectives, risks, charges and expenses. Call 1-800-523-1188 for a prospectus and, if available, a summary prospectus, or an offering circular containing this and other information. Please read them carefully. Investing involves risk, including the risk of loss.

If your loved one passes away and you are their beneficiary, be sure to complete the process to inherit their account to ensure their 401(k) balance goes to you. Log in to your Vanguard account to begin the process.

How it works:

For more information on this process, please visit the Vanguard Inheritance Overview website. You can also reach out to the Lineage Benefits Department at benefits@onelineage.com for more information on filing a distribution due to death or contact Vanguard directly at 1-800-523-1188 to get the forms needed to process a distribution.