The 401(k) allows for both pre-tax and Roth (post-tax) contributions, up to the IRS maximum, which is $23,500 per year for 2025. Employees ages 50 and over can contribute an additional $7,500 per year as a “catch-up” contribution.

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Important Notice Regarding 401(k) Contributions:

If you contributed to another 401(k) plan earlier this year before starting at loanDepot, please keep in mind that these contributions count toward the annual IRS limit. When determining the maximum amount you can elect to contribute to your loanDepot 401(k), you must take your prior year-to-date contributions into account to avoid exceeding the annual contribution limit.

The loanDepot match is discretionary and contributed pre-tax based on your combined traditional (pre-tax) and Roth contributions.

Three year vesting schedule: 1 yr: 25%, 2 yrs: 50%, 3 yrs: 100%. You are also 100% vested upon your death, normal retirement, or disability.

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Ready to simplify your retirement planning? You can roll over funds from previous employer's retirement plans to keep track of your money in one place.

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While having your savings and investments all in one place may offer many benefits, the decision to make a rollover requires careful consideration. Be sure to review all of your options carefully. For help on choosing the distribution option that is right for you, call 800-835-5095 to speak with a Fidelity Representative. When making a rollover into the Plan, you will need to choose from the investment options offered in the Plan.

Loan

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If you are an active employee, you may apply for a 401k loan. You can only have one active loan, to a maximum of 50% of your vested account balance up to $50,000. General purpose loans must be repaid in 5 years or less, while loans for the purchase of a principal residence can be paid off over a 15 year term.

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Hardship Withdrawal

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If you need your 401(k) funds to cover an immediate and heavy financial need (as defined by IRS rules), you may take a hardship withdrawal. You must be able to provide supporting documentation of the financial need, and the amount withdrawn will be subject to regular state and federal income tax and a 10% early withdrawal penalty.

Refer to the 401(k) Summary Plan Document for the complete plan rules for withdrawals. Email the liveWell Team for a copy.

Effective January 1, 2026, for eligible plans, if you are a catch-up eligible participant (age 50+) and your wages in the prior calendar year exceed a specified threshold, all of your catch-up contributions must be made on a Roth (after-tax) basis. This means taxes are paid now, rather than upon withdrawal in retirement.

• The threshold for wages is $150,000 (for the preceding year). Bonus and commissions included.

• If your wages are at or below that amount, you can continue to choose whether your catch-up contributions go into the traditional 401(k) (pre-tax) or Roth account.

Who is affected

You will be subject to the Roth catch-up requirement beginning in 2026 if all of the following apply:

1. You are age 50 or older by the end of 2026.

2. You are eligible for catch-up contributions under our 401(k) (or similar) plan.

3. Your wages from our company in 2025 exceed the Roth threshold (currently $150,000).

If you don’t meet #3 (your prior-year wages are at or below the threshold), the change does not force your catch-up contributions to be in a Roth.

What this means for you

• If you will be affected, starting Jan. 1, 2026, your catch-up contributions will be after-tax. That means you’ll pay taxes on that portion now, but qualified distributions (when you retire) will be tax-free for those Roth catch-up amounts.

• Your regular (non-catch-up) contributions are not impacted by this requirement — you can still make them pre-tax or Roth.

• You should review your current contribution elections to make sure you’re comfortable with this change. If you prefer, you may shift more contributions into pre-tax vs Roth, depending on what makes sense for your tax situation.

Next Steps

• Learn more [click.fidelityinvestments.com] about Roth contributions.

• When available, review your 2025 W-2 to check your FICA wages to see if you are subject to the Roth Catch-up Requirement.

• If you are subject to the Roth Catch-up requirement and currently have pre-tax contributions elected, you must make an affirmative Roth contribution election in order to make any catch-up contributions.

• Talk to a financial advisor to understand how Roth contributions may impact your goals.

• Login to NetBenefits® [click.fidelityinvestments.com] to view or update your contribution elections.