64 • Support for dependent care – We offer several options for dependent care support . These include discounts with local child care facilities, and financial support for backup child care and adult care . We also offer referral services for child and elder caregiving support . Across international locations, we provide a range of leave and benefit programs specifically designed to support employees with their caregiver responsibilities, including access to competitive maternity, parental, adoption, and paternity leave programs . In many countries, Wells Fargo provides child/elder and critical caregiving leave, as well as the ability to buy additional time off, allowing employees to increase their level of time away if they need more leave to suit their individual needs and personal circumstances . Where available and feasible, we also provide fully funded access to emergency backup care programs for child and elder care support as well as child care reimbursement programs . Retirement income and planning Wells Fargo provides a 401(k) plan to help eligible U .S . employees plan and save for retirement . We match employees’ contributions up to 6% of eligible pay annually, after employees complete one year of service . In addition, Wells Fargo may make a discretionary contribution to eligible employees’ 401(k) plan accounts . In 2021, we added a nondiscretionary base contribution of 1% for lower-paid employees to provide them a foundation to build their retirement savings . Across international locations, we offer programs to help employees save for retirement by providing market competitive contributions to retirement plans as well as access to alternative retirement savings plans, where feasible, such as the National Pension System (NPS) accounts in India . Financial protection Wells Fargo provides employees with a variety of employer-paid financial protection benefits aligning with local market practice, including life insurance, critical illness insurance, paid sick leave, short-term and long-term disability, accidental death and dismemberment, and business travel accident insurance . In many countries, Wells Fargo also provides additional top-up plans and flexible benefits options such as critical illness and personal accident coverage . Employment security and responsible workforce restructuring We’re committed to managing our talent in ways that support employment security and responsible workforce restructuring . We consider impacts on our people in our strategic planning process and in our review of new business initiatives . As we continue transforming our business, we recognize that our employees may be impacted and we aim to provide transparent communication so that employees are aware of the programs and opportunities available to support them . We assess any adjustments we make to our organizational structure based on customer needs and business objectives to help make sure we are adhering to local legislation and regulatory requirements . In some cases, restructurings result in employee displacements or involuntary separations as a result of economic or operational factors . In the event of a workforce restructuring involving displacements in the U .S ., we support our employees and provide tools to assist them with career transitions, including: • Wells Fargo’s Displacement policy requires that all displaced employees in the U .S . are provided a 60 day notice period, unless otherwise required by business needs, federal, state, or local laws . Regardless of working or nonworking status, employees are still considered actively employed during the entire notice period .