PepsiCo

PepsiCo matching contributions

To help you build your Savings Plan account balance, PepsiCo will match a portion of your pre-tax and Roth contributions (if eligible). The match amount depends on your years of service:

Years of service PepsiCo contributes
Up to 10 years 50¢ on every $1, up to 4% pay = up to 2% of pay
10 years or more 50¢ on every $1, up to 6% pay = up to 3% of pay

You must be contributing your own money to the Savings Plan to receive the match. The match will be calculated each paycheck based on your pre-tax and/or Roth contributions (after-tax contributions are not eligible for the match). Match is made beginning with your first contribution to the Savings Plan.

Eligibility

Generally, most hourly employees are eligible for the match. Certain union employees may not be eligible. If you are a union employee, please refer to your collective bargaining agreement to determine eligibility.

Vesting

You will generally vest in PepsiCo's matching contributions after three years of service. This means if you were to leave PepsiCo at any point before completing three years of service, you will forfeit the entire amount of matching contributions that PepsiCo deposited into your Savings Plan account.

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Total Rewards

This guide is intended to provide a summary of some of the features of the PepsiCo Savings Plan; however the official plan documents remain the final authority and, in the event of a conflict with this guide, will govern in all cases. While PepsiCo, Inc. (Company) currently intends to continue the Savings Plans and programs described herein, the Company reserves the right to amend, modify or terminate the Savings Plans or programs at any time. Nothing in this guide should be construed as a promise or guarantee of future benefits or any level or amount of benefits, or as a promise or guarantee of employment or future employment for any duration.

January 2024