Company: LPX
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0000060519-25-000023
Chunk: 5

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-06-26
Form: 11-K
Chunk 5
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- Participants direct the investment of their contributions into various investment options offered by the Plan.

#### Vesting
- Participants are immediately 100% vested in their own contributions and in employer matching contributions. Effective August 1, 2024, participants are 100% vested in employer matching contributions.

A participant shall become fully vested in profit sharing contributions to the Plan upon the first of the following events to occur while employed by LP:

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• Completion of three years of service

• Death

• Attainment of age 65

• Involuntary termination due to job elimination effective on or after March 18, 2024

#### Payment of Benefits
- Participants become eligible upon the occurrence of any one of the following:

• Normal retirement of the participant at age 65

• Death of the participant

• Termination of employment

• Age 59 1/2 (distribution restricted to pre-tax elective account and Roth elective account)

On termination of service, a participant may generally elect to receive either a lump-sum amount equal to the value of the participant's vested interest in his or her account or installment payments. If the participant has an account balance less than $1,000, installment payments or partial distributions are not permitted, and distribution to a participant or beneficiary will be made in a lump-sum or distributed to an IRA.

#### Notes Receivable from Participants
- Participants may borrow from their fund accounts up to a maximum of $50 or 50% of their vested account balance, whichever is less, for a period of no more than four years. The loans are secured by the balance in the participant's account and bear interest at rates commensurate with the prime rate plus 1% at the time funds are borrowed as determined by the Plan Administrator. At December 31, 2024, interest rates ranged from 4.25% to 9.50%. Principal and interest are paid ratably through payroll deductions or as a lump-sum for the outstanding loan balance.

#### Hardship Withdrawals
- No amounts may be withdrawn from a salary deferral account before a participant terminates employment with LP or attains the age of 59 1/2, except by reason of financial hardship.

#### Forfeited Accounts
- When certain terminations of participation in the Plan occur, the non-vested portion of the participant's account, as defined by the Plan, represents a forfeiture. Forfeitures may be used to pay Plan expenses or be used to offset the