Team Members who meet the IRS definition of a Highly Compensated Employee (those who earned $135,000 or more in 2022) are not permitted to participate in the 401(k) Plan in 2023.

Instead, these Team Members may elect once a year in December to participate in the OSI Restaurant Partners, LLC HCE Deferred Compensation Plan (the “DCP Plan”). To better understand the DCP Plan, go to Deferred Comp.