Company: ENBSF
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0001193125-25-149184
Chunk: 6

Company: ENBRIDGE INC
Filing Date: 2025-06-27
Form: 11-K
Chunk 6
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 Services, LLC is the record keeper of the Plan for US Utilities employees.

Individual accounts are maintained for each Plan participant. Each participant’s account is credited with the participant’s contributions, employer
contributions, and Plan earnings, and charged with benefit payments and allocations of Plan losses and any applicable Plan expenses. Allocations are based on participant earnings or account balances. The benefit to which a participant is entitled is
the benefit that can be provided from the participant’s vested account. The selection from available investment funds is the sole responsibility of each participant. Participants may invest their Plan accounts in any or all of the investment
funds offered in the Plan.

Forfeited Accounts

The non-vested portion of the participant’s accounts shall become a forfeiture as of the earlier of (i) the date of distribution of the participant’s vested accounts, or (ii) the date the participant
incurs five consecutive one-year periods of severance. As at December 31, 2024 and 2023, the Plan had a balance of $51,000 and $92,000, respectively, in the forfeited
non-vested accounts. During the year ended December 31, 2024, there were withdrawals of $1,000 from the forfeited accounts to reduce Company contributions.

Vesting and Payment of Benefits

For participants, except
for US Utilities employees, who provide services to the Company after December 31, 2017, the Company’s matching contributions and related earnings are fully vested. For US Utilities employees, participants generally become vested in the
Company’s matching contributions and related earnings after three years of service.

Upon retirement or termination of employment, a participant may
elect to receive the value of the participant’s account in any of the following forms of distribution: (i) a single distribution; (ii) two or more installments over a period elected by the participant; or (iii) in two or more
partial withdrawals provided that, for non-US Utilities employees, any such amount may be no less than $1,000. Distributions must commence no later than the required commencement date as set forth in the Plan.

The Plan also permits withdrawals of pre-tax and Roth elective deferral contributions in the event of a hardship.
A hardship distribution must comply with section 401(k) of the IRC.

Notes Receivable from Participants

Participants may borrow from their accounts, with some limitations, a minimum of $1,000 up to a maximum equal to the lesser of (1) $50,000 minus