CAMPBELL FAMILY AND COSMETIC DENTISTRY

is the benefit that can be provided from the participant’s vested account balance. Vesting Participants, except for a limited group of Pacific Foods of Oregon, Inc. employees, are immediately vested in their contributions and in all Company (and prior employer) contributions plus actual earnings thereon. Eligible participants from Pacific Foods of Oregon, Inc. who were participants in the Pacific Foods of Oregon, Inc. sponsored 401(k) plan, not active employees of the Company as of January 1, 2019, and returned to employment with Pacific Foods of Oregon, Inc. after January 1, 2019, do not vest in certain employer contributions previously made by Pacific Foods of Oregon, Inc. under the Pacific Foods of Oregon, Inc. sponsored 401(k) plan until after three years of vesting service. Notes Rece

tax, before-tax, Roth, and catch-up contributions to the Plan are made through payroll deductions and credited to individual participant accounts. All newly eligible employees are automatically enrolled in the Plan at a before-tax contribution rate of 4 % of compensation, as defined in the Plan document, unless an election is made by the participant to participate at a different rate. If employees do not want to participate, they must notify the Recordkeeper and elect not to enroll in the Plan. Compensation is defined by the Plan and the Internal Revenue Code of 1986, as amended (“IRC”). All newly eligible employees that are automatically enrolled will also have their contribution rate automatically increased by 1 % on the anniversary of their automatic enrollment 6 until their contributio

icipants 103,798,452 99,630,223 Total contributions 179,456,361 170,977,295 Total changes 528,401,526 447,994,786 Deductions: Benefits paid to participants 270,624,394 276,295,961 Administrative fees 901,326 923,473 Total deductions 271,525,720 277,219,434 Net increase in net assets available for benefits 256,875,806 170,775,352 Transfers in: Sovos Brands, Inc. 401(k) Retirement Plan (Note 8) 35,358,127 — Total transfers in 35,358,127 — Net increase in net assets available for benefits after transfers 292,233,933 170,775,352 Net assets available for benefits: Beginning of year 2,155,558,367 1,984,783,015 End of year $ 2,447,792,300 $ 2,155,558,367 The accompanying Notes to the Financial Statements are an integral part of these statements 5 The Campbell's Company 401(k) Retirement Plan Note