Company: IR
Filing Date: 2025-06-24
Form Type: 11-K
Source: 0001628280-25-032871
Chunk: 4

Company: Ingersoll Rand Inc.
Filing Date: 2025-06-24
Form: 11-K
Chunk 4
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 company matching contribution eligible to him/her. To be eligible for the “true-up” contribution, a participant needs to be active on the last day of the Plan year. For the year ended December 31, 2024, the Company will make a “true-up” contribution of $932,501, of which all will be contributed by the Company in 2025. For the year ended December 31, 2023, the Company made a “true-up” contribution of $744,998, of which all was contributed by the Company in 2024. The $932,501 and $744,998 are included in the Company contributions receivable line within the Plan’s statements of net assets available for benefits for the years ended December 31, 2024 and 2023.

#### Vesting
Participants in the Plan are immediately fully vested in their contributions, Company matching contributions and the earnings thereon. There are certain accounts in the Plan related to prior Company contributions that are subject to vesting schedules, which require 5 years of service or 3 years of service to become fully vested in such accounts, depending on the type of historic Company contribution. Notwithstanding the foregoing, participants become fully vested upon reaching retirement age, death, or permanent and total disability.

#### Forfeitures
Forfeitures of terminated participants’ nonvested accounts are used to reduce future Company contributions or administrative expenses. Forfeitures of $188,726 and $175,257 were used to reduce Company contributions and pay administrative expenses for the years ended December 31, 2024 and 2023, respectively. At December 31, 2024 and 2023, there were $181,120 and $94,399, respectively, in forfeitures available for use.

#### Benefits
Upon termination of service, death, disability or retirement, a participant may elect to receive an amount equal to the value of the participant’s vested interest in their account. The form of payment is a lump-sum distribution or installments, as elected by the participant. If the benefit is $1,000 or less at the time it becomes payable, the participant does not have the option of leaving their

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balance in the Plan. Participants eligible for retirement may elect a lump-sum distribution or, under certain conditions, a transfer of the value of their account to the Gardner Denver, Inc. Pension Plan to receive monthly pension payments.

Active participants who reach age 59-1/2 or experience a qualifying