Changes to the Plan |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| EBP 016 | |
| EBP, Description of Plan [Line Items] | |
| Changes to the Plan | Note 8. Changes to the Plan During the years ended December 31, 2025 or 2024, the Plan was not amended. Effective January 1, 2026 the Plan was amended as follows:- (1) Add a year vesting schedule for Eligible Employees hired on or after January 1,2026, which applies to the Company Match and Profit Sharing Contributions; (2) Adopt of a Qualified Automatic Contribution Arrangement (QACA) safe harbor design which auto enrolls new hires at an 8% deferral rate and increases their contribution rate by 1% each December up to a maximum of 15%; (3) Add Elapsed Time Method for crediting of service, replacing the actual method; (4) Add Mobile Hourly Union Employees will receive Company Matching Contributions of 100% on the first 5% of eligible earnings contributed; (5) Add mandatory Roth catch-up contributions required for participants age 50+ with prior year FICA wages exceeding $150,000 (subject to IRS adjustments); (6) Add enhanced catch-up contribution limits for participants ages 60–63; (7) Provide that dividends from the K-C Stock Fund will not immediately vest. Dividends will follow the two year vesting schedule; and (8) Amend and restate administrative provisions to implement the new safe harbor design and other design elements articulated above.
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