Company: SXT
Filing Date: 2025-06-09
Form Type: 11-K
Source: 0001140361-25-021884
Chunk: 2

Company: SENSIENT TECHNOLOGIES CORP
Filing Date: 2025-06-09
Form: 11-K
Chunk 2
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1974, as amended (ERISA). Employees who were hired (or rehired) on or after January 1, 2006, and on or before December 31, 2013, were automatically enrolled in the Plan at 2% of eligible compensation. Employees who were hired (or rehired) on or after January 1, 2014, were automatically enrolled at 4% of eligible compensation. Employees hired (or rehired) on August 1, 2021 or after, are automatically enrolled at 6% of eligible compensation, unless the participant timely elects contributions at a different contribution percentage or elects not to participate in the Plan. Any participant automatically enrolled on or after January 1, 2010 (or rehired on or after such date), has his or her automatic deductions increase by an additional 1% each year up to a maximum of 10%, unless the participant timely elects contributions at a different contribution percentage or elects not to participate in the Plan. The Plan accepts Roth elective deferrals made on behalf of participants. The participant’s Roth elective deferrals are allocated to a separate account maintained for such deferrals. Employees can contribute a portion of their eligible compensation up to the maximum amount prescribed by law. Employees may also contribute amounts representing distributions from other qualified plans. Employee contributions are 100% vested at all times. Company matching contributions are also 100% vested at all times. The Company contributes an amount sufficient to provide 100% matching of the first 4% of eligible compensation contributed to the Plan by those employees who made contributions during the Plan year. The Plan has a “Revenue Credit Program” with Fidelity Management Trust Company (the Trustee). When recordkeeping revenue earned in connection with the plan services exceeds agreed-upon compensation, the Company can deposit excess revenue, regardless of source, in a revenue credit account. These funds can be used to pay ERISA-qualified expenses or can be allocated to eligible participant accounts. Revenue credits received in 2024 totaled $37,070. During 2024, the revenue credit account earned dividends of $1,477. As of December 31, 2024 and 2023, the balance in the Revenue Credit Program account was $32,531 and $63,984, respectively. Participants may elect an in-service withdrawal on or after attaining age 59 ½. 7 Table of Contents SENSIENT TECHNOLOGIES CORPORATION SAVINGS PLAN NOTES TO FINANCIAL STATE