PepsiCo

RETIREMENT
BENEFITS
SUMMARY

U.S. HOURLY EMPLOYEES OF FRITO-LAY AND QUAKER1

Saving for retirement is important to you and to PepsiCo. PepsiCo's savings and retirement benefits are designed to help you build financial security for your future and help you meet your retirement goals.

IMPORTANT TO UNDERSTAND AS YOU READ THIS GUIDE:

THE PEPSICO SAVINGS PLAN
PepsiCo calls its 401(k) plan, the PepsiCo Savings Plan. Several times throughout this guide you'll see references to the PepsiCo Savings Plan (or the "Savings Plan"). When you do, remember – we're talking about a 401(k) plan.

NETBENEFITS AND THE PEPSICO SAVINGS AND RETIREMENT CENTER AT FIDELITY
PepsiCo's retirement plans are administered by Fidelity Investments. Through Fidelity and its NetBenefits website, you can enroll in the PepsiCo Savings Plan, change the investment of your contributions and PepsiCo's contributions, model future retirement benefits and initiate loans, request withdrawals, learn how to consolidate retirement accounts from prior employers, and get retirement planning help. Visit netbenefits.com/pepsico or call The PepsiCo Savings and Retirement Center at Fidelity at 1-800-632-2014 for more information.

PEPSICO'S HEALTHY MONEY PROGRAM
Healthy Money is PepsiCo's financial well-being program designed to help you manage personal finance issues like budgeting, reducing debt and retirement planning. It offers resources like 1:1 discussions with a financial counselor at PricewaterhouseCoopers, online tools, monthly webinars on important financial topics and more. Plus, it's completely free for all PepsiCo employees. If you have questions about your retirement benefits or need help determining a retirement strategy that's right for you, call a Healthy Money counselor or visit myhealthymoney.pepsico.com for more information.

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The PepsiCo 401(k) Savings Plan

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Your Contributions
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PepsiCo Matching Contributions

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Investing Your Contributions
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Getting Your Money Out of the Savings Plan

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PepsiCo Retirement Contribution (PRC)
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Contacts and Links
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Total Rewards

1 This summary applies to non-union employees hired on or after 1/1/2023. Union employees should refer to their Collective Bargaining Agreement to determine eligibility.

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 2023