Company: ABBV
Filing Date: 2025-06-13
Form Type: 11-K
Source: 0001104659-25-059360
Chunk: 4

Company: AbbVie Inc.
Filing Date: 2025-06-13
Form: 11-K
Chunk 4
---
of the Plan’s provisions.

General

In general, United States employees of AbbVie
Inc. (“AbbVie”) and selected participating subsidiaries and affiliates may, after their date of hire, voluntarily participate
in the Plan. Any eligible employee who begins employment or re-employment on or after January 1, 2022, and any eligible employee who first
becomes eligible to participate in the Plan on or after January 1, 2022, shall be covered by the AbbVie Savings Plan Plus (“ASP+”)
provisions set forth in the Plan document. The ASP+ provisions provide for automatic enrollment into the Plan and matching contribution
and annual company contribution formulas that differ from those that apply to participants who joined the Plan before January 1, 2022.
The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”), as amended.

Empower Retirement serves as the recordkeeper
and Empower Trust Company, LLC (“Custodian” and “Trustee”) serves as the custodian and trustee.

Contributions and Vesting

Contributions to the Plan are paid to the AbbVie
Savings Plan Trust (“Trust”). The Trust is administered by the Trustee and an investment committee comprised of AbbVie employees
(the “Committee”).

Eligible employees electing to participate may
choose to make their contributions from pre-tax earnings, after-tax earnings or both. The Plan permits Roth 401(k) after-tax contributions
and a Roth 401(k) conversion feature. Participants who have attained age 50 before the end of the Plan year and who are making the maximum
pre-tax or Roth contributions are eligible to make catch-up contributions. The pre-tax contributions are an elective deferral feature,
which is a cash or deferred arrangement under the provisions of Section 401(k) of the Internal Revenue Code (“IRC”). All the
contributions are subject to certain limitations of the IRC. Participant contributions may be invested in any of the investment options
offered by the Plan.

Eligible employees who are not covered by ASP+
and who elect to participate in the Plan may contribute from 2% to 50% of their eligible earnings to the Trust. Eligible employees covered
by ASP+ and who elect to participate in the Plan may contribute from 1% to 50% of their eligible earnings to the Trust. Following the
30-day period from an employee’s hire or eligibility date, employees covered by ASP+ who have