S&P Global Inc. 401(k) Summary Plan Description

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Vesting

You are immediately 100% vested in your before-tax sub-account, your Roth sub-account, your after-tax sub-account, your rollover sub-account, your employer matching contribution sub-account and your employer non-elective contribution sub-account. This means that the money in these sub-accounts is yours and that you have a right to receive the full value of these sub-accounts when you qualify for a Plan distribution unless a valid qualified domestic relations order (“QDRO”) has granted an interest in your Plan Account to another person. Please refer to Restrictions on Payments for more information regarding QDROs.

With respect to your profit sharing sub-account, you are 100% vested in amounts attributable to profit sharing contributions for Plan years beginning prior to January 1, 2007 if you have completed five years of Continuous Service. You will not be vested in any portion of this amount if your employment with the Company terminated before you completed five years of Continuous Service, unless you are rehired and your Continuous Service is restored.

Refer to Continuous Service and Breaks in Service for more information. With respect to amounts attributable to profit sharing contributions made for Plan years beginning on or after January 1, 2007, your profit sharing sub-account will vest in accordance with the following schedule:

Years of Continuous Service

Vested Percentage

Less than 2

0%

2 but less than 3

20%

3 but less than 4

40%

4 but less than 5

60%

5 or more

100%


If you terminate employment with the Company and are rehired by the Company, your years of Continuous Service for vesting in profit sharing contributions will include credit for your prior service regardless of how long you were away from the Company.

The unvested portion of the Plan Account that you forfeited at the time of your termination will be restored if you have not received a distribution (or have repaid any distribution amount received) of the vested portion of your Plan Account, if you meet one of the following requirements:

  • You are rehired without a break in service; or
  • You are rehired with a break in service, but the period of the break in service is less than five years.

You do not continue to vest during a break in service. If the unvested portion of your Plan Account that you forfeited at the time of your termination (if any) is restored, you will be 0% vested in the unvested portion of your Plan Account.

Please note that you will become 100% vested in your entire Plan Account if you attain age 65 while an employee of the Company or any Non-Participating Employer, or if you die while an employee of the Company or a Non-Participating Employer.