You are eligible to contribute to the Plan upon your date of hire.

Enroll in the Plan to build your savings and complement the Firm discretionary contribution by visiting retirementplan.voya.com or by calling the Information Line. You’ll receive your Password from Voya Financial^®, the Plan’s recordkeeper, two to three weeks after your hire date. To enroll immediately after your hire date, call the Plan Information Line at 1-800-961-401K (1-800-961-4015) or Hearing-Impaired 1-877-671-3146. If you are a staff member you will be automatically enrolled at a pre-tax contribution rate of 3%. Your contributions will be invested in the default Vanguard Target Retirement Fund based on your date of birth. Your contribution rate will increase by 1% each year on February 1 – to a maximum of 6%. You can change your investment elections at any time. You can increase or decrease your contribution rate at any time (0-75% or specific dollar amount).

To change your contribution or opt-out, please login to the Plan Website or call the Plan Information Line at 1-800-961-401K (1-800-961-4015) or Hearing-Impaired 1-877-671-3146.

You may save in any whole percent from 1% up to 75% or a dollar amount of your eligible Compensation. You have the option of saving in pre-tax contributions and/or you may make after-tax Roth 401(k) contributions. Please refer to www.voya.com/IRSlimits for current limitations.

Keep in mind that you can always change your contribution rate at any time, day or night by logging in to the Plan Website. You may increase, decrease, or completely discontinue your pre-tax contributions and/or after-tax Roth 401(k) contributions at any time. If you request a change between the 1st and the 15th of the month, the change will be effective as of the last payday of that month. If you request a change between the 16th and the end of the month, the change will be effective as of the payday on the 15th of the following month. To change your pre-tax contribution and or after-tax Roth 401(k) contribution election, you may logon to the Plan Website or call the Plan Information Line at 1-800-961-401K (1-800-961-4015) or Hearing-Impaired 1-877-671-3146.

They’re called catch-up contributions for a reason. They’re designed to help you get caught up on your savings as you get older. If you’ll be 50 or older by the close of the current calendar year, you can make catch-up contributions on top of your regular pre-tax contributions. While catch-up contributions can be made at any time, they are not “classified” as catch-up until you have reached the annual standard IRS limit. Please refer to www.voya.com/IRSlimits for current limitations.

You’re always 100% vested in your contributions, discretionary Firm contributions and any earnings on those contributions.

Who wants to keep track of their savings from a lot of different accounts? Consolidate. Balances from eligible retirement savings plans – like a previous employer’s 401(k) – may be rolled into your Plan account. If you do not designate fund elections or elections do not total 100%, your rollover contribution allocation will default to the Plan's Qualified Default Investment Alternative based on your date of birth. Follow the instructions on this Form to request a rollover. This form is also available on the Plan website or through the Plan Information Line.

The Plan offers plenty of flexibility when it comes to selecting your fund elections as well as making changes when you want to. At any time, on any day, you can:

• Choose different funds for your contributions versus your existing balance
• Transfer balances from fund to fund
• Reallocate your entire portfolio to different fund options

Please note: Be sure to maintain the minimum required balance at all times, whenever applicable.

For a list of the Plan’s investment options, refer to What Kind of Investor Are You? or visit the Investments section of the Plan website at retirementplan.voya.com.

If you are an Employee in the service of the Firm, you may obtain a loan from certain sub-accounts in your account under the Plan, subject to rules and procedures adopted by the Plan Administrator.

You may elect to pay off your loan via ACH, or if you're terminated, have your post-employment loan repayments automatically withdrawn from your bank account via ACH.

If you are interested in taking a loan from the Plan, please call the Plan Information Line at 1-800-961-401K (1-800-961-4015) or Hearing-Impaired 1-877-671-3146, or visit the Plan website at retirementplan.voya.com.

The following types of in-service withdrawals* are available through the Plan:

• Age 59½ - can be taken from your entire Core Fund and Roth 401(k)** account balances (not including any balances in the BGDR*** Money Purchase Account).

For more information or to request an in-service withdrawal, call the Plan Information Line at 1-800-961-401K (1-800-961-4015) or Hearing-Impaired 1-877-671-3146.

* Certain in-service withdrawals from the Plan may be subject to 20% federal tax withholding and state tax withholding may also apply. Federal, state and local taxes may also apply and if you are younger than 59½, a 10% early withdrawal penalty may apply. Note: The rules governing distribution provisions in this Plan may be different than the distribution provision rules from which rollover money originated. The Plan’s withholding rules for distributions may apply to rollover money from other Plans.

** For Roth 401(k) contributions and earnings to be eligible for tax-free withdrawals, your initial Roth 401(k) deposit must have been in your account for at least five years and you must be at least age 59½ (or in the event of your disability or your death).

***If you are a former Brumbaugh, Graves, Donohue & Raymond employee, please call the Plan Information Line for more details on certain in-service withdrawal options available to you.

Effective August 31, 2020, participants in the Baker Botts L.L.P. 401(k) and Savings Plan (“Plan”) may make an In-Plan Roth Conversion (“IPRC”) converting non-Roth amounts in participant accounts into Roth amounts. The decision to make an IPRC is complex. Once made, an IPRC and any tax owed on the conversion are irrevocable. Accordingly, it is recommended you consult your financial and/or tax advisor if you are considering an IPRC.

Eligibility

The IPRC feature is available to all active or inactive participants, beneficiaries, and alternate payees.

An IPRC is processed in two steps:
Step 1: A request for a withdrawal is processed by completing the IRPC Form available on this website (see link below).
Step 2: The total value of the withdrawal is processed as a rollover contribution into the same investment funds you are currently invested in your Plan account.

The number of IPRC withdrawal types offered to a participant will depend on the type of contributions (for example, pre-tax or rollover contributions) in your account.

Types of In-Plan Roth Conversions

An IPRC conversion allows you to convert all or a portion of your non-Roth account balance in the Plan into Roth amounts that will be moved to a separate Roth Conversion account in the Plan. All converted amounts will be invested in the same manner as they were prior to conversion.

Initiating an In-Plan Roth Conversion

To initiate an IPRC, you must complete the In-Plan Roth Conversion Form, which can be found on retirementplan.voya.com under “Forms.”

Your completed IPRC Form must be mailed or sent by facsimile to Voya to the address provided on the IPRC Form. On-line conversions through this website are not available¹.

The conversion will typically be completed within five (5) business days after the date Voya receives your completed IPRC form. Please note that incomplete forms will not be processed.

After the conversion has been completed, you will receive a Statement of Account Distribution by regular U.S. Mail reflecting the details of the conversion. The conversion will also be reflected in your Plan account on this website.

Tax Implications of an In-Plan Roth Conversion

• The IPRC is a taxable transaction. You will owe federal (and, if applicable, state and local) income tax for the calendar year in which the conversion occurs on the total converted amount (less any converted After-Tax contributions (but including the converted earnings thereon)) as if the converted amount had been distributed to you from the Plan. There is no tax withheld on the conversion. You are responsible for estimating and paying the amount of income tax on the converted amount that may be due for the year the conversion is made. This may mean that you have to increase your federal (and if applicable, state and local) income tax withholding or make estimated tax payments to avoid an underpayment of tax penalty. For this reason, it is recommended that you consult with your financial and/or tax advisor before making an IPRC and consult IRS Publication 505 for additional information on tax withholding.
• Once completed, an IPRC is irrevocable.
• The IPRC will be reported to the IRS as taxable income. A Form 1099-R detailing the amount being converted (referred as a distribution from the Plan) and then the converted amounts being immediately rolled back into the Plan as a Roth amount will be sent to you by January 31 of the year following the year of the conversion.

Balance Available for In-Plan Roth Conversion

There is no minimum or maximum amount that can be converted or how often you can request an IPRC. The amount available in your Plan account for an IPRC can be determined by reviewing your source Account balances found online on retirementplan.voya.com by navigating to the Link to “Account” tab, then to “Balances,” then to the “Balance by Source” tab. Note, however, that non-Roth amounts in a Self-Directed Brokerage Account must first be transferred into your Core Funds or Target Date Funds before those amounts will be available for an IPRC.

IPRC Question & Answers

¹ Please note that spousal consent is required to make an IPRC of amounts in the Prior Brumbaugh Plan Account.

Account transactions made weekdays by 4:00 p.m. Eastern Time will be processed that evening; transactions made on weekends or after 4:00 p.m. Eastern Time will be processed the next business day.

The following expenses are associated with participating in the Plan.

• Investment management fees and other fund expenses: These fees support a fund’s management and operations, including advisory, trading, custody, and accounting activities. Investment management and other fund expenses are deducted from fund assets and, therefore, are reflected in each fund’s return. For specific Plan and fund charges, please refer to the Summary Plan Description and each investment’s fact sheet and prospectus found on the Plan website at retirementplan.voya.com.
• Loan fees: There is a $75 non-refundable application fee for each loan request.
• Record keeping fee: A monthly Plan administrative fee which applies to all Plan participants, regardless of account balance.

For specific fees associated with Voya Retirement Advisors and the Self-Directed Brokerage Account, please visit the Plan website.

You have access to statements online at any time, including the ability to generate a statement based on the timeframe you select - even the last 24 hours! Quarterly statements are issued approximately 15 days after each calendar quarter’s close – you can access them through your online mailbox. This feature not only helps the environment and ends mailbox clutter, it’s also more secure. You also have the option to elect to receive a quarterly statement in the mail.

Forgot your Password? Don’t worry – you have a few options!

If you have an email address on file with Voya and your security questions have been answered, you can reset your Password. From the login page of the Plan website, click “Forgot Password” and follow the instructions or call the Plan Information Line and request to have a temporary Password emailed to you. You can also establish a Password reset, allowing you to immediately establish a new Password should you forget your Password in the future. If you do not have an email address on file with Voya, simply call the Plan Information Line at 1-800-961-401K (1-800-961-4015) or Hearing-Impaired 1-877-671-3146 and request to have a Password reminder mailed to your home address.