Page 34 - 2022 AEO Benefit Guide

SCAN ME BUDGET
Scan the QR code below for 401(k)
access to a video highlighting
the Finanacial management The American Eagle Outfitters, Inc. 401(k) Plan can be one of the best ways to save
tools available to Associates for retirement. The 401(k) Plan is a long term saving plan administered by Fidelity.
or visit: https://flimp.me/ The plan allows you to save a portion of your pay through payroll deductions and
aeo -f i n a nc i a lbe n e f i t s - allows those funds to compound and grow over time. As a participant, you may
2020 benefit from the following features:

Eligibility and Plan Entry
• Minimum eligibility age is 20.
• You are eligible after 30 days of employment.
• Once you meet the requirements, you will be automatically enrolled on the first
day of the next month at a 3% pre-tax deferred rate.
• Leased Associates, non-resident aliens, Associates principally
employed in Puerto Rico, and collectively-bargained Associates
are not eligible for the plan.

Salary Deferral Contributions

• You will be AUTOMATICALLY ENROLLED to contribute 3% of your pay
YOU WILL BE (unless you choose a different percentage).

AUTOMATICALLY • Check your paycheck once you become eligible to participate. If you notice your
deduction has not begun, contact Fidelity or the Benefits Department.
ENROLLED • Under the automatic enrollment provisions, unless you elect otherwise
each year, your deferral election will automatically increase 1% each
On the first pay of the subsequent year until you reach 6%.
month following your 60th • You may choose to contribute 1% to 50% of your pay.
day, you will see a 3%
pre-tax reduction in your • Your taxable income is reduced by the amount you contribute
pay. This money will be through salary deferral.
deposited in your 401(k) • Your total salary deferral may not exceed the
account. To make chang- Internal Revenue Service (IRS) annual Deferral Limit.
es to this percentage or to • If you are age 50 or older during the plan year and have met the annual
opt out of this benefit, IRS Deferral Limit, or the specified plan limit for deferrals, you may
go to www.netbenefits.com. contribute a catch-up deferral.

• For deferral limits and to access your 401(k), visit Fidelity at
www.netbenefits.com.

Company Matching Contributions
AEO will match 100% of the first 3% of your pay plus an additional 25% of the next
3% of pay that you contribute to the plan. You are eligible for the company match
after one year of service.

Vesting
You are always 100% vested in the value of your contributions, subject to any
investment gains or losses. You cannot forfeit these contributions. You are 100%
vested in the value of AE’s contributions after 2 years of service.

32 AMERICAN EAGLE OUTFITTERS, INC.