Your Financial Future

Financial security is an important part of your total well-being. WSP USA helps you prepare for your financial future through the WSP USA Retirement Savings Plan.

Eligiblity and How to Enroll

If you are a regular full-time or regular part-time employee, you are eligible to participate in the WSP USA Retirement Savings Plan. Temporary employees, interns, and union employees are not eligible for participation.

Newly eligible employees have approximately 60 days to actively enroll or opt out of participation before being automatically enrolled in the WSP USA Retirement Savings Plan. If auto-enrolled, you will be defaulted to a 5% pre-tax contribution with an investment election best aligned to your retirement age of 65. You have the right to opt out of automatic enrollment or elect to begin contributing sooner or at a different rate.

If you are newly eligible employee, visit the New to WSP page to help guide you through WSP USA benefits including details on WSP USA Retirement Savings Plan.

Your Contributions

You may elect to contribute between 1% and 50% of your annual compensation on a pre-tax and/or post-tax (Roth) basis, up to annual IRS limits. If you are 50 or older this year, you may also elect an additional flat dollar catch up contribution on a pre-tax and/or post-tax (Roth) basis.

You may change your 401(k) contributions at any time by visiting the T. Rowe Price website or calling 1-800-922-9945. New and updated contribution elections take 1-2 pay cycles to appear in your check.

2024 contribution limits

• $23,000 in regular contributions, based on your 1%-50% election.
• $7,500 in additional catch-up contributions, if you are age 50 or older this year and elect catch up contributions.

These limits include your pre-tax contributions, Roth post-tax contributions or a combination of both. Match contributions made by WSP USA are not considered toward IRS contribution limits.

Your contributions through WSP USA payroll are monitored to ensure you do not exceed annual IRS limits – WSP USA will stop your contributions once limits are met and restart your elected contribution automatically the following year. However, if you recently joined WSP USA, and contributed to another company’s plan within the same year, you must monitor your total annual contributions to ensure you do not exceed limits. Contact T. Rowe Price at 1-800-922-9945 if you were contributing to multiple plans and exceeded the annual limit.

Company Match Contributions

WSP USA helps you reach your retirement goals faster by making matching contributions to your account. WSP USA matches 50 cents for every dollar you contribute on up to 6% of your eligible compensation* each pay. The maximum Company matching contribution employees can receive in a year is 3% of total eligible compensation*.

Here’s how the company match works:

Reminder, catch up contributions are not matched by WSP USA, so be sure to maximize your WSP USA match by contributing enough in your regular contributions to get the full match.

Annual Match True-Up

WSP USA wants to ensure you have the flexibility to contribute throughout the year in a way that supports your savings strategy. For example, you may elect to accelerate contributions early in the year, join the plan later in the year, or stop and re-start your contributions throughout the year – regardless of how you contribute WSP USA ensures you receive the full company match. After the end of each year, WSP USA reviews your overall annual contribution, eligible compensation*, and match contributed – if more match is due to you, WSP makes a “true-up” match contribution. Match true ups are generally made to accounts in late March.

_{*Generally, includes all compensation except for commissions, relocation bonuses, gross ups, reimbursements, payments, and benefits that are excluded from taxable income. Eligible compensation is subject to the compensation limits set annually by the IRS.}

Vesting

Vesting refers to how much of WSP USA's matching contributions you own if you leave the Company.

You are 100% vested in WSP USA's matching contributions after completing 3 years of service. If you leave WSP USA prior to attaining 3 years of service, your match will be forfeited.

If you joined WSP USA as part of an acquisition, your service with the acquired company counts towards your service for WSP vesting.

You are always 100% vested in your own contributions, including any investment gains and losses on the money.

Additional Plan Features

As a participant in the WSP USA Retirement Savings Plan, you can take advantage of the following features:

• Consolidate retirement accounts by rolling in plan assets from a previous employer
• Convert pre-tax contributions or match to Roth, with the In-Plan Roth Conversion feature
• Self-directed brokerage account investment option with Charles Schwab
• Automatic increase and rebalancing
• One-on-one retirement consultation with a T. Rowe Price Retirement Specialist
• Financial wellness benefits available through Smart Dollar, Sofi and Morning Star

WSP USA understands there are specialized saving needs. The WSP USA Executive Deferred Compensation Plan provides an opportunity to reduce taxable income and save on a tax-deferred basis beyond what you contribute to your account in the WSP USA Retirement Savings Plan.

Eligibility and How to Enroll

Eligibility to participate in the Deferred Compensation Plan is extended to certain employees in a select group of management or highly compensated employees. In November of each year, those who are eligible will be notified and provided information for the annual Deferred Compensation open enrollment. The opportunity to start, stop, or update contribution elections for the upcoming year is only available during the open enrollment period.

If you are a current participant and have questions on your account, would like to update investment elections, or review your balance or distribution election, visit the T. Rowe Price website or call 1-800-922-9945.

How to Update your Distribution Election

When you first enroll in the Plan, you elect how you would like to have your account distributed. You may change the time and/or payment method for your Deferred Compensation account by completing a Distribution Election Change form.

This form can be obtained by visiting the T. Rowe Price website or calling 1-800-922-9945. Please note restrictions and delays associated with changing your distribution election, as outlined on the form.