Company: VSAT
Filing Date: 2025-09-25
Form Type: 11-K
Source: 0001193125-25-217139
Chunk: 3

Company: VIASAT INC
Filing Date: 2025-09-25
Form: 11-K
Chunk 3
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 of the Plan pursuant to a trust agreement (the “Trust Agreement”) and is authorized to hold the assets of the trust under the terms of the Trust Agreement. Administration The Plan is administered by the Company. The Company has the full power to administer the Plan. Eligibility To be eligible to participate in the Plan, an employee must be age 18 or older. Employees represented by a collective bargaining agreement or who are nonresident aliens are ineligible. Contributions Participants may contribute to the Plan on a pre-tax basis and/or on an after-tax Roth basis subject to the provisions of the Internal Revenue Code (the “Code”). New employees will be automatically enrolled in the Plan at a pre-tax deferral rate of 5 % unless an employee opts out. Employees automatically enrolled in the Plan will receive an automatic 1 % increase in their deferral rate on each anniversary of their automatic enrollment date up to a maximum of 10 % unless they opt out. In addition, participants who will be at least age 50 by the end of the tax year may make an additional “catch-up” contribution as prescribed by the Code. Participants can change their elective deferral percentage or opt out at any time. The Company may, at its discretion, make matching contributions to the Plan in the form of cash or the Company’s common stock. During the fiscal year ended March 31, 2025 , the Company elected to make matching contributions of 50 % of each employee’s pre-tax and after-tax Roth contributions, with a matching limit not to exceed 5 % of the employee’s eligible compensation. Matching contributions are accrued in the period in which the Plan administrator is reasonably certain of their occurrence. Matching contributions made by the Company in cash are invested in the participants’ accounts according to their specified allocation of investment fund options as of the date of the contribution. However, if the match is made with the Company’s common stock, participants have the option to transfer all or part of those amounts into any other investments available under the Plan. The employer matching contributions receivable of $ 27,806,355 as of March 31, 2025 was paid in June of 2025 with the Company’s common stock. The employer matching contributions receivable of $ 28,056,876 as of March 31, 2024 was paid in June of 2024 with the Company’s common stock. Additionally, the Plan allows for discretionary profit-sharing contributions and qualified non-elective contributions (“QNEC”) by the Company. For the fiscal year ended March 31