FUELCELL ENERGY INC. CAPITAL ACCUMULATION PLAN Contribution & Employer Match

How FUELCELL ENERGY, INC. Supports Your Retirement Savings

FUELCELL ENERGY, INC. provides retirement savings benefits through FUELCELL ENERGY INC. CAPITAL ACCUMULATION PLAN. Understanding your employer’s contribution structure is essential — it directly affects how quickly your retirement nest egg grows. Below you will find the plan’s average account values and contribution patterns based on publicly filed data.

* Data are from public filings.

Are You Leaving Dollars on the Table?

If you are not contributing enough to capture the maximum employer match, you are literally turning down part of your compensation. For many plans, this can mean thousands of dollars per year in lost employer contributions — money that would compound over decades.

Use the policy details and calculator below to find out exactly how much you need to contribute to capture every dollar of employer matching.

FUELCELL ENERGY INC. CAPITAL ACCUMULATION PLAN Contribution & Match Policy

1. Employee Contribution Rates: Employees can contribute from 1% to 50% of their base pay on a pre-tax basis.

2. Employer Match/Contribution Conditions: The employer matches 25% of the first 8% of employee salary deferrals, provided that the employee contributes a minimum of 2% of eligible earnings. (Note: After January 1, 2023, the employer match was increased to 50% of the first 6% of employee contributions, not to exceed 3% of eligible earnings).

3. Vesting Schedule/Eligibility: Participants vest at the rate of 20% per year of service and are 100% vested after five years of service. As of May 1, 2023, the vesting schedule for employer match contributions is 33% per year of service, becoming 100% vested after 3 years of service. Immediate vesting for employees’ own contributions.

4. Roth 401(k) Contribution: The plan allows participants to designate some or all of their contributions as Roth deferral contributions.