Company: NPO
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001140361-25-023910
Chunk: 4

Company: Enpro Inc.
Filing Date: 2025-06-27
Form: 11-K
Chunk 4
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 2021, the Employer sold its Compressor Products International (“CPI”) business unit. As a result of its sale, on May 16, 2022, the accounts of all CPI business unit employees were transferred out of the Plan to the Howden USA 401(k) Savings Plus Plan (an existing plan controlled by the acquiring company). Contributions- Each year, participants may contribute from 1% up to 75% of their annual eligible compensation, as defined in the plan document, as pre-tax or Roth contributions. Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions. Participants may also contribute amounts representing distributions from other qualified defined benefit or defined contribution plans (rollover). Participants direct the investment of their contributions into various investment options offered by the Plan. The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan. Automatically enrolled participants have their deferral rate set at 6% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant. The Employer matches 100% of employee contributions up to 6% of the participant’s eligible compensation. The Employer also contributes an additional 2% to certain eligible employees as defined in the plan document. Contributions are subject to certain Internal Revenue Service (“IRS”) limitations. 5 Participant Accounts- Each participant’s account is credited with the participant’s contributions and the Employer’s contributions, as well as allocations of the Plan’s earnings. Participant accounts are charged with an allocation of administrative expenses that are paid by the Plan. Allocations are based on participant earnings, account balances, or specific participant transactions, as defined by the plan document. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Vesting- Participants are immediately vested in their elective contributions and the Employer’s matching contributions plus actual earnings thereon. Vesting in the Employer’s additional 2% contributions is based on years of service. A participant is fully vested when they attain normal retirement age. Prior to normal retirement age, a participant becomes 100% vested in the Employer’s additional 2% contributions, plus actual earnings thereon, after three years of service. Notes Receivable from Participants- Participants may borrow from their accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 or 50% of their vested balance. The loans are secured by the balance