Accenture United States New Pension Plan. Summary Plan Description. (Effective May 31, 2016)

Transcription

1 Accenture United States New Pension Plan Summary Plan Description (Effective May 31, 2016)

2 TABLE OF CONTENTS INTRODUCTION...1 BACKGROUND...1 ELIGIBILITY AND PENSION PARTICIPATION...1 Rehired Participants... 2 THE RETIREMENT BENEFIT...2 Summary of Retirement Benefits... 2 Benefit Formula... 2 TYPES OF RETIREMENT BENEFITS...3 Normal Retirement Benefit... 3 Deferred Retirement Benefit... 3 Early Retirement Benefit... 3 Deferred Vested Benefit... 4 Reemployment Following Benefit Commencement... 4 HOW BENEFITS ARE PAID...5 Normal Forms of Payment... 5 Optional Forms of Payment... 5 Mandatory Lump Sum Payment... 6 Choosing a Form of Payment... 6 Paying Taxes on Your Benefits... 6 SURVIVOR BENEFIT...6 MILITARY SERVICE...7 PLAN ADMINISTRATION...8 AMENDMENT AND TERMINATION...8 OTHER IMPORTANT INFORMATION...8 Form of Elections... 8 No Guarantee of Employment... 8 No Assignment... 8 New Pension Plan Funding... 9 Benefit Restrictions... 9 Missing Participants or Beneficiaries... 9 Top Heavy Plan Rules... 9 GLOSSARY OF TERMS Accrued Benefit Average Monthly Earnings Benefit Computation Period Benefit Distribution Date Deferred Retirement Date Early Retirement Date Earnings... 10

3 Normal Retirement Date New Pension Plan Plan Administrator Plan Year Prior Plan Protected Benefit Spinoff Transaction Spouse Year of Benefit Service Year of Service APPENDIX - TRANSFER PENSION PLAN COMPONENT INTRODUCTION 12 ELIGIBILITY AND TRANSFER PENSION PLAN PARTICIPATION THE RETIREMENT BENEFIT Summary of Retirement Benefits Benefit Formulas TYPES OF RETIREMENT BENEFITS Normal Retirement Benefit Deferred Retirement Benefit Early Retirement Benefit Disability Retirement Benefit Deferred Vested Retirement Benefit HOW BENEFITS ARE PAID Normal Forms of Payment Optional Forms of Payment Mandatory Lump Sum Payment Choosing a Form of Payment Paying Taxes on Your Benefits SURVIVOR BENEFITS Death Benefit Company-Paid Survivor Benefit Supplemental Company Paid Survivor Benefit Designated Survivors TPP GLOSSARY OF TERMS Accenture Profit Sharing Equivalent Annuity Average Monthly Earnings Benefit Computation Period Deferred Retirement Date DuPont Transfer Benefit Early Retirement Date Earnings (k) Match Plan Normal Retirement Date Permanently Disabled Plan Administrator Plan Year Primary Social Security Benefit Profit Sharing Plan... 24

4 Protected Benefit Spouse Total Years of Benefit Service Transfer Pension Plan Year of Accenture Benefit Service Year of DuPont Benefit Service Year of Service EXHIBIT A - EARLY RETIREMENT REDUCTION FACTORS

5 New Pension Plan 1 May 2016 INTRODUCTION This summary explains the main features of the Accenture United States New Pension Plan (the New Pension Plan ) as in effect on May 31, The New Pension Plan was established by Accenture LLP ( Accenture ) effective May 31, 2016 and results from a spinoff of assets and liabilities valued at the close of business on May 30, 2016 (the Spinoff Transaction ) and attributable to certain members of the Accenture United States Pension Plan (the Prior Plan ). The Prior Plan was terminated immediately following the Spinoff Transaction on May 30, The New Pension Plan is meant to mirror the provisions of the Prior Plan, including the provisions of the Prior Plan that reflect the merger of the Accenture United States Transfer Pension Plan (the Transfer Pension Plan ). Benefits for, and special provisions that apply to, participants in the Transfer Pension Plan are described in the Appendix to this document. Accenture sponsors the New Pension Plan to provide you with retirement and other benefits. Accenture LLP is the administrator of the New Pension Plan. The administrator of the New Pension Plan is referred to in this summary as the Plan Administrator. The terms of the New Pension Plan are complicated. This summary is intended to explain the principal terms of the New Pension Plan in non-technical language. The complete terms and conditions of the New Pension Plan are described in a complex legal document. This summary is not intended to cover every circumstance covered in the plan document. Should there be any inconsistency between this summary and the plan document, the terms of the plan document will govern. No benefits shall be paid based on the terms of this summary, unless such benefits are provided for under the terms of the plan document. (Of course, you may examine the complete plan document on which this summary is based. It is available from Accenture.) This summary applies to eligible employees of Accenture and its subsidiaries that have adopted the New Pension Plan. Where appropriate, references to Accenture will include the subsidiaries that have adopted the Pension Plan. Later in this document, you will find a Glossary of Terms. You will better understand this summary if you first read the Glossary of Terms. BACKGROUND Prior to July 1, 1999, employees of Accenture were eligible to participate in the Andersen Worldwide Societe Cooperative United States Retirement Plan (the AW Plan ). On July 1, 1999, assets and liabilities attributable to current and former employees of Accenture were transferred to the Prior Plan. If you were a participant in the AW Plan, your accrued benefit under the AW Plan that was transferred to the Prior Plan has now been transferred to the New Pension Plan. All your compensation and years of service under the AW Plan will be counted under the New Pension Plan. Also, your accrued benefit under the New Pension Plan will not be less than the benefit you had accrued under the AW Plan. Effective May 28, 2010 (the Merger Date ), the Transfer Pension Plan was merged into the Prior Plan. Effective as of the Merger Date, all benefits accrued under the Transfer Pension Plan were transferred to the Prior Plan, and have been subsequently transferred to the New Pension Plan as a result of the Spinoff Transaction. All retirement and other benefits that were payable to you under the Transfer Pension Plan will be paid to you from the New Pension Plan. Benefits payable under the New Pension Plan to former participants in the Transfer Pension Plan ( Transfer Pension Plan Participants ) are described in the appendix to this document. ELIGIBILITY AND PENSION PARTICIPATION Participation in the New Pension Plan is limited to individuals who satisfy each of the following criteria: You were a participant in the Prior Plan (including the Transfer Pension Plan) prior to its termination on May 30, 2016; You did not make a valid 2008 new program election under the Prior Plan or the Transfer Plan; Your benefits under the Prior Plan were not frozen prior to May 30, 2016; You were an eligible employee under the terms of the Prior Plan at the time of the Spinoff Transaction on May 30, 2016; and Your benefit was transferred to the New Pension Plan as part of the Spinoff Transaction.

6 New Pension Plan 2 May 2016 If you satisfy the criteria listed above, you will continue to be an active participant under the New Pension Plan until the date on which the earliest of the following occurs: You cease to be on the regular payroll of Accenture, or cease to be classified as an Accenture employee for purposes of wage withholding of Federal income taxes; For participants who are not Transfer Pension Plan Participants: o o o You are promoted to Managing Director, or You are classified as an Accenture employee who is below Career Levels 5 and 6 and transferred to: (i) the Career Track in Client Delivery & Operations aligned with the Technology Delivery Center Business Group, or (ii) the San Antonio Delivery Center, or You are transferred to the Acquisition Specific Business Area, as defined by Accenture, or you are transferred to Client Delivery and Operations aligned with Agility Services; For participants who are Transfer Pension Plan Participants: o o You are promoted to Managing Director, or You are transferred to an employer other than Accenture LLP. Any participant who ceases to be eligible for active accruals based on the criteria above will no longer be eligible to actively participate in the New Pension Plan after the date such status changes. If you do not satisfy the eligibility requirements described above, any subsequent determination by your employer, a government agency, a court, or other third party that you are an eligible employee will not have a retroactive effect for purposes of your eligibility to participate in the New Pension Plan, even if the determination is applicable to prior years. Rehired Participants If you terminate employment after May 31, 2016 and are subsequently reemployed by Accenture, you will not be eligible to resume active participation under the New Pension Plan. However, you will receive credit for all your Years of Service and Years of Benefit Service that you had earned prior to your termination of employment, and you will continue to earn Years of Service for purposes of satisfying the Rule of 80 described below. THE RETIREMENT BENEFIT Summary of Retirement Benefits Your retirement benefit is calculated under a formula that considers your Earnings and Years of Benefit Service with Accenture. You may begin to receive retirement benefits on your Normal Retirement Date, Deferred Retirement Date, or Early Retirement Date, as described below. The New Pension Plan offers several forms of payment. If you are married, spousal consent may be required to elect certain forms of payment. If you are a Transfer Pension Plan Participant, your retirement benefit is summarized in the Appendix. Benefit Formula Your monthly normal retirement benefit under the New Pension Plan is comprised of two parts a Variable Benefit plus a Fixed Benefit. The Variable Benefit is 1.25% of your Average Monthly Earnings multiplied by your Years of Benefit Service (maximum of 25). The Fixed Benefit is $20 multiplied by your Years of Benefit Service (maximum of 25). The current maximum monthly retirement benefit any participant can receive is $3, ($40,000 per year).

7 New Pension Plan 3 May 2016 Example 1 Assume you retire at age 62 with 20 Years of Benefit Service. Your Average Monthly Earnings are $7,000. Your Variable Benefit is: $1,750 (1.25% x $7,000 Average Monthly Earnings x 20 Years of Benefit Service = $1,750) Your Fixed Benefit is: $400 ($20 x 20 Years of Benefit Service = $400) Your monthly normal retirement benefit is: $2,150 payable as a monthly annuity for life ($1,750 (Variable Benefit) + $400 (Fixed Benefit) = $2,150) Example 2 Assume you retire at age 62 with 25 Years of Benefit Service. Your Average Monthly Earnings are $10,000. Your Variable Benefit is: $3,125 (1.25% x $10,000 Average Monthly Earnings x 25 Years of Benefit Service = $3,125) Your Fixed Benefit is: $500 ($20 x 25 Years of Benefit Service = $500) Your monthly normal retirement benefit is: $3,333.33* payable as a monthly annuity for life ($3,125 (Variable Benefit) + $500 (Fixed Benefit) = $3,625*) * $3, monthly retirement benefit maximum applies Special rules may apply in calculating your benefit under the New Pension Plan if you became employed by Accenture between July 1, 1999 and June 30, 2001 and you were employed by Arthur Andersen LLP immediately before you were employed by Accenture. Please contact the Accenture Benefits Center for more information. TYPES OF RETIREMENT BENEFITS In general, you may not begin to receive your New Pension Plan benefits until you terminate employment with Accenture and all of its affiliates and reach your Normal Retirement Date, Early Retirement Date or Deferred Retirement Date, as described below. However, in certain circumstances, you may elect to begin your benefits after you attain age 70½ even if you continue to work for Accenture (or an Accenture affiliate). If you make such an election, the benefits you accrue after your benefits have commenced will be actuarially reduced to reflect benefits paid to you. In addition, if you continue to be employed by Accenture or an affiliate after your Normal Retirement Date, your retirement benefit will be paid to you for any month in which you have less than 41 hours of service. The amount payable to you for such a month will be paid no later than the first day of the third calendar month next following such month. If you are a Transfer Pension Plan Participant, the types of retirement benefit available to you are summarized in the Appendix. Normal Retirement Benefit The normal retirement benefit is payable beginning on your Normal Retirement Date. Your Normal Retirement Date is the first day of the month following the date you attain age 62 (your normal retirement age). You are fully vested (that is, you have a non-forfeitable right to your accrued benefit) if you remain employed through the date you reach age 62. Deferred Retirement Benefit The deferred retirement benefit is payable beginning on your Deferred Retirement Date. Your Deferred Retirement Date is the first day of the month following the date you retire after age 62. You may elect to have your deferred retirement benefit commence on your Deferred Retirement Date or on the first day of any month after your Deferred Retirement Date. Your deferred retirement benefit is a monthly benefit equal to your normal retirement benefit calculated based on your Average Monthly Earnings and Years of Benefit Service as of your Deferred Retirement Date. Early Retirement Benefit The early retirement benefit is payable on your Early Retirement Date. Your Early Retirement Date is the first day of the month following the date you retire before your Normal Retirement Date, but after you have completed 5 Years of Service and attained age 55. You may elect to have your early retirement benefit commence on your Early Retirement Date or on the first day of any month after your Early Retirement Date up until your Normal Retirement Date. Your early retirement benefit is calculated in accordance with the following rules.

8 New Pension Plan 4 May 2016 General Rule: Your early retirement benefit will be reduced to reflect that your benefits may be paid for a longer period of time than if you began receiving your benefits at your Normal Retirement Date. Your monthly benefit payable at your Normal Retirement Date will be reduced by 0.5% for each month by which payment of your benefit precedes your 62nd birthday. This reduction will be applied after applying the New Pension Plan s cap on the monthly benefit (currently $3,333.33). Special Grandfather Rules for Pre-January 1, 2004 Prior Plan Participants: Special grandfather rules may apply in calculating your early retirement benefit if you were a participant in the Prior Plan prior to January 1, Prior to January 1, 2004, the Prior Plan used different rules to calculate participants early retirement benefits. Under the old rules, a participant s retirement benefit was reduced by 0.5% for each month by which payment of the benefit preceded the participant s 62nd birthday, to reflect commencement of the benefit before normal retirement age (age 62). The Prior Plan s cap on a participant s monthly benefit (then $2,250) was applied after applying the reduction for early commencement. However, a participant s early retirement benefit was not reduced if the participant retired from Accenture on an Early Retirement Date and his or her age plus Years of Service, both rounded down to the nearest whole year, totaled at least 80 at his or her Early Retirement Date (the Rule of 80 ). The Prior Plan was amended to ensure that early retirement rights were preserved for participants in the Prior Plan prior to January 1, If you were in the Prior Plan prior to January 1, 2014, your benefit under the New Pension Plan will not be less than the amount of your retirement benefit accrued as of December 31, 2003 (the Protected Benefit ). If you terminate employment on an Early Retirement Date and elect to receive payment of an early retirement benefit, your early retirement benefit will be the greater of: (a) (b) Your Protected Benefit, applying the Rule of 80 (if applicable), and applying the $2,250 cap on your monthly benefit after applying the reduction for early commencement; or Your benefit calculated as of your Early Retirement Date using the New Pension Plan terms, without applying the Rule of 80, and applying the new $3, cap on your monthly benefit before applying the reduction for early commencement. The rules described in this Early Retirement Benefit section apply only if you retire from Accenture on an Early Retirement Date. The rules in this section do not apply if you terminate employment prior to your Early Retirement Date). Deferred Vested Benefit If you terminate employment before age 55 or your death, but after you have completed at least 5 Years of Service, you will have a non-forfeitable right to 100% of your retirement benefit earned to the date of your termination. If you terminate employment before completing 5 Years of Service, you will forfeit your retirement benefit. (If you are reemployed by Accenture, you may continue to vest in your benefit, but you will not be eligible for continued benefit accruals.) Payment of your deferred vested benefit normally will commence when you reach age 62. However, you may elect to have your monthly deferred vested benefit commence after you have attained age 55. If you elect to commence your benefit after age 55 but before age 62, your deferred vested benefit will be reduced to reflect that your benefits may be paid for a longer period of time than if you began receiving your benefits at age 62. Your monthly benefit will be reduced by 0.5% for each month by which payment of your benefit precedes your attainment of age 62. This reduction will be applied after applying the New Pension Plan s cap on the monthly benefit (currently $3,333.33). If, however, the lump sum present value of your deferred vested benefit is determined to be $1,000 or less, your benefit will be paid to you in a lump sum. Reemployment Following Benefit Commencement If you are reemployed by Accenture after receiving a lump sum payment of your accrued benefit under the New Pension Plan, you will not be entitled to any further benefits under the New Pension Plan.

9 New Pension Plan 5 May 2016 If you are receiving a monthly retirement benefit under the New Pension Plan and you are reemployed before you reach age 70½, your retirement payments will be suspended. Upon your subsequent retirement, your retirement benefit will be determined in accordance with the rules of the New Pension Plan then in effect but reduced to take into account the payments that you previously received. If you are receiving a monthly retirement benefit under the New Pension Plan and you are reemployed after you reach age 70½, your benefit payments from the New Pension Plan will continue. HOW BENEFITS ARE PAID Normal Forms of Payment Not Married Life Annuity: The life annuity is a monthly benefit payable during your lifetime. Payments cease upon your death. The life annuity is the normal form of benefit for participants who are not legally married when payments commence. That means that your benefits will be paid in the form of a life annuity if you are not legally married on the date payments commence and you do not waive the life annuity form of payment and elect an optional form of payment described below. If you are married, you may elect to receive your benefit in the form of a life annuity if you legally waive the indexed joint and 50% spousal annuity form of payment with your spouse s consent (as described below). Married Indexed Joint and 50% Spousal Annuity: The indexed joint and 50% spousal annuity is an actuarially reduced monthly benefit payable during your lifetime, and if your spouse is living at your date of death, payment of 50% of the last amount payable to you while living to your spouse until your spouse s death. As of January 1 of each calendar year following payment commencement, the amount of the monthly payment to you (or your surviving spouse) will be increased by 3%. Your spouse means the individual to whom you were legally married at the date payment of your benefits commenced. The indexed joint and 50% spousal annuity is the normal form of benefit for participants who are legally married when payments commence. That means that your benefits will be paid in the form of an indexed joint and 50% spousal annuity if you are legally married on the date payments commence and you do not waive the indexed joint and 50% spousal annuity (as described below). If you are married, you may waive the indexed joint and 50% spousal annuity and elect either a life annuity or an optional form of payment described below. Your election will be effective only if your spouse consents to the election in writing, acknowledges the effect of the waiver and has such consent witnessed by a notary public. In addition, your election to waive the indexed joint and 50% spousal annuity must be made within the 180-day period before your payments begin. Optional Forms of Payment In lieu of the normal forms of payment described above, before payment of your benefits has commenced, you may elect (subject to spousal consent if you are married) to receive an actuarially equivalent benefit in one of the following forms: Life and 10-Year Certain Annuity: A reduced monthly payment terminating at your death and, if you die within 120 months of the date payments commenced, a continuing monthly payment of the same amount to a person designated by you for the balance of the 120-month period. Joint and 50%, 75%, or 100% Survivor Annuity: A reduced monthly payment during your lifetime. If the person designated by you (your spouse or a non-spouse beneficiary) is living at the time of your death, such person will receive payments for such person s lifetime equal to 50%, 75%, or 100% of the monthly amount payable to you during your life. Indexed Life Annuity: A reduced monthly retirement benefit payable during your lifetime, with the last payment to be made for the month in which you die. As of January 1 of each calendar year following payment commencement, the amount of the monthly benefit will be increased by 3%. Indexed Joint and 50% Survivor Annuity: If you are not married, a reduced monthly retirement benefit payable during your lifetime. If the person designated by you (a nonspouse beneficiary) is living at the time of your death, such person will receive payments equal to 50% of the last monthly amount payable to you while living until such person s death. As of January 1 of each calendar year following payment commencement, the amount of the monthly payment to you (or your surviving non-spouse beneficiary) will be increased by 3%.

10 New Pension Plan 6 May 2016 Payment of your New Pension Plan benefits under any of the normal or optional forms of payment must satisfy the IRS s required minimum distribution requirements. Mandatory Lump Sum Payment If the lump sum present value of your vested accrued benefit does not exceed $1,000 as of your Benefit Distribution Date, your benefit will be automatically paid to you in a lump sum. Choosing a Form of Payment Once you begin the retirement process and submit the appropriate information, you will receive benefits under the applicable normal form of payment, unless you make a change in writing before your payments are scheduled to start. As described above, if you are married, your spouse must consent to your election of a life annuity or other optional form of payment in writing, and his or her consent must be witnessed by a notary public. Once payments begin, you cannot change your form of payment under any circumstances. To receive benefits from the New Pension Plan, you must contact the Benefits Center ( ) or access the Retiree Now functionality on Live Well at Accenture ( with your intent to retire. You may be asked to submit proof of your date of birth when you return your completed paperwork. You may also be required to submit proof of your spouse s or beneficiary s date of birth, if applicable. A copy of your birth certificate, or passport, for example, will suffice. If you are a Transfer Pension Plan Participant, the forms of payment available to you and the process for choosing a form of payment are summarized in the Appendix. Paying Taxes on Your Benefits Any payments you receive from the New Pension Plan are generally considered taxable income. Federal tax laws require taxes to be withheld from your retirement benefits before they are paid to you, unless you elect otherwise. The amount withheld will depend on your filing status and the number of exemptions you claim. Note that if you choose not to have taxes withheld from your retirement benefits and taxes are due, you will be responsible for paying the taxes (plus any applicable penalties) when you file your federal, state, and local income tax returns. If no taxes are withheld, or if the amount withheld is not enough to cover the actual taxes due, you may need to file estimated tax returns. There are penalties for not paying enough tax during the year, either through withholding or estimated tax payments. Also, note that some states have mandatory withholding requirements. Because tax laws are complex and subject to change, you are encouraged to get professional tax advice that takes into account your particular circumstances before you elect to begin receiving your retirement benefits. Subject to mandatory withholding rules, you can choose the amount you want to have withheld from your retirement benefits for both federal and state taxes. The Benefits Center (or the Plan Administrator with respect to Transfer Pension Plan participants) will send you a tax withholding election form on which you will make your election. SURVIVOR BENEFIT If you die prior to the date on which you were to begin receiving benefits under the New Pension Plan, your spouse will receive a survivor benefit if you were legally married on the date of your death. If you die prior to the date on which you were to begin receiving benefits under the New Pension Plan and you were not legally married on the date of your death, your named beneficiary will receive a survivor benefit. No survivor benefit is payable if you had not completed five (5) Years of Service as of your death. If you are a Transfer Pension Plan Participant, the survivor benefits available to you are summarized in the Appendix. Your survivor s benefit will be an amount determined as follows: 1. If, as of the date of your death, you had attained your Normal Retirement Date (or would have if you retired immediately prior to your death), 50% of your monthly retirement benefit determined as if you had retired and benefit payments had commenced immediately prior to your date of death with benefits payable in an indexed joint and 50% spousal annuity form (with your named beneficiary as the joint annuitant if you are not legally married on the date of your death).

11 New Pension Plan 7 May If Clause 1 above does not apply, but as of the date of your death (or earlier retirement), you had attained your Early Retirement Date (or would have if you retired immediately prior to your death), 50% of the monthly early retirement benefit (based upon your Years of Benefit Service as of your date of death or earlier retirement) to which you would have been entitled at your Normal Retirement Date, subject to reduction for early commencement, with benefits payable in an indexed joint and 50% spousal annuity form (with your named beneficiary as the joint annuitant if you are not legally married on the date of your death). 3. If Clauses 1 and 2 above do not apply, but as of the date of your death (or earlier termination of employment), you had completed five (5) Years of Service, 50% of the monthly deferred vested benefit (based upon your Years of Benefit Service as of your date of death or earlier termination of employment) to which you would have been entitled at your Normal Retirement Date, subject to reduction for early commencement, with benefits payable in an indexed joint and 50% spousal annuity form (with your named beneficiary as the joint annuitant if you are not legally married on the date of your death). Your survivor s benefit will paid in the form of an indexed life annuity, which is a reduced monthly benefit payable for the life of your spouse or named beneficiary. As of January 1 of each calendar year following payment commencement, the amount of the monthly benefit will be increased by 3%. In lieu of an indexed life annuity, your spouse or named beneficiary may elect, prior to commencement of the survivor s benefit, to receive his or her survivor s benefit in the form of a life annuity. Payment of your survivor s benefit will begin on the later of (1) the first day of the month following your date of death or (2) the date that would have been your Normal Retirement Date. However, your spouse or named beneficiary may elect to have his or her payments begin on the earliest date on which your benefits could have commenced, in which case the monthly benefit will be reduced for commencement prior to what would have been your 62nd birthday as provided under the New Pension Plan. If the lump sum present value of your survivor's benefit does not exceed $1,000 as of the date benefits are to commence, the benefit will automatically be paid in a lump sum. For unmarried participants, named beneficiary means the individual designated by you in writing in accordance with the Plan Administrator s procedures. You may only designate one individual as your named beneficiary, and may not designate a trust, corporation, estate or other entity. You may change your named beneficiary, but such change will only be effective when filed with the Plan Administrator. If you are subsequently married, your current designation will be suspended, any survivor benefit will be paid to your spouse and no survivor benefit will be payable to your named beneficiary. If you again become unmarried through divorce or death of your spouse, any suspended beneficiary designation will again become effective unless and until you file a new beneficiary designation. If you are not married at the time of your death and do not have a valid beneficiary designation on file, or if your named beneficiary predeceases you, the following rules will apply: If you are survived by a same-sex partner with whom you have entered into a civil union or a state-registered domestic partnership, your survivor benefit will be paid to your surviving partner. If you are not survived by such a partner described above, no survivor benefit will be payable on your behalf. Only unmarried participants have the discretion to designate a named beneficiary for purposes of receiving the survivor benefit. If you are legally married at the time of your death, your spouse is your named beneficiary, and any survivor benefits payable under the New Pension Plan will be paid to your spouse. MILITARY SERVICE If you leave your job for active duty with one of the branches of the United States military, you may be entitled to reemployment rights under the Uniformed Service Employment and Reemployment Rights Act of If you return to work with Accenture or its subsidiaries after a period of qualified military service,

12 New Pension Plan 8 May 2016 benefits and service for your period of qualified service will be provided in accordance with Internal Revenue Code requirements. If you die while performing qualified military service, New Pension Plan benefits (other than benefit accruals for the period of qualified service) will be provided to your spouse or beneficiary as if you had returned to work immediately prior to your death. PLAN ADMINISTRATION The Plan Administrator has the exclusive responsibility and complete discretionary authority to control the operation and administration of the New Pension Plan. The Plan Administrator may delegate all or a portion of its powers, rights, and responsibilities for plan administration to one or more persons. Any references in this summary to the Plan Administrator include the Plan Administrator s delegatees. The Plan Administrator has complete discretion to determine all questions arising under the New Pension Plan, such as questions arising because of ambiguities, inconsistencies, or omissions in the plan document and questions as to the rights or eligibility of employees or participants and their beneficiaries and the value of their benefits under the New Pension Plan. Any interpretation of the New Pension Plan and any good faith decision on any matter within the Plan Administrator s discretion is final and binding on all persons. Benefits will be paid under the New Pension Plan only if the Plan Administrator decides in its discretion that the claimant is entitled to them. A misstatement or other mistake of fact shall be corrected when it becomes known, and the Plan Administrator shall make such adjustment as it considers equitable and practicable. For example, if a participant or beneficiary receives a payment from the New Pension Plan that is greater than the payment that should have been made to the participant or beneficiary, or if a person receives an erroneous payment from the New Pension Plan, the Plan Administrator has the right to recover the excess amount or erroneous payment (plus interest) from the recipient. In certain circumstances, the Plan Administrator may deduct the amount of the excess or erroneous payment from any future benefits payable to the participant or beneficiary. The New Pension Plan is administered on the basis of a Plan Year that begins each May 31 and ends on May 30. AMENDMENT AND TERMINATION Accenture LLP reserves the right to amend or terminate the New Pension Plan at any time in its sole discretion. The New Pension Plan may be amended or terminated by instrument signed by Accenture LLP s Managing Partner or by such other person or persons authorized to amend or terminate the New Pension Plan. No employee, officer, director, or agent of Accenture has the authority to alter, vary or modify the terms of the New Pension Plan, except by means of authorized written amendments to the New Pension Plan. No verbal or written representations contrary to the terms of the New Pension Plan and its written amendments shall be binding upon Accenture or the New Pension Plan. OTHER IMPORTANT INFORMATION Form of Elections Each election or request required or permitted to be made must be made in accordance with the rules and procedures established by the Plan Administrator and shall be effective as determined by the Plan Administrator. No Guarantee of Employment Nothing in this summary says or implies that participation in the New Pension Plan is a guarantee of continued employment with Accenture or its affiliates, nor is it a guarantee that benefit levels will remain unchanged in future years. No Assignment Your benefits under the New Pension Plan are not subject to the claims of your creditors and cannot be assigned in any way or pledged as security for a loan, except as may be required by the tax withholding provisions of the Internal Revenue Code or any state s income tax act, by the enforcement of a federal tax levy, by a qualified domestic relations order ( QDRO ) or pursuant to special IRS rules. If you become divorced or separated, however, a QDRO could require part or all of your benefits to be paid to your spouse or children. You and your beneficiaries can obtain, without charge, a copy of the New Pension Plan s policies and procedures for the submission and approval of a domestic relations order by contacting the Plan Administrator.

13 New Pension Plan 9 May 2016 New Pension Plan Funding The New Pension Plan is noncontributory, which means Accenture pays the full cost of the benefits provided under the New Pension Plan by making contributions to a pension trust. Accenture s contributions are actuarially determined. The assets of the New Pension Plan are held in the Accenture United States Pension Trust (the Trust ). The Trust is an agreement between Accenture LLP and the trustee to hold New Pension Plan assets in an account for distribution to eligible New Pension Plan participants and beneficiaries of the New Pension Plan. The money in the trust is used to pay benefits and administrative costs of the New Pension Plan. Any forfeitures of benefits under the New Pension Plan are applied to reduce the cost of funding the New Pension Plan. The New Pension Plan is insured by the Pension Benefit Guaranty Corporation ( PBGC ), a federal insurance agency. If the New Pension Plan terminates (ends) without enough money to pay all benefits, the PBGC will pay pension benefits, subject to maximum benefit limitations specified by law. The PBGC coverage may not pay the entire New Pension Plan benefit for certain participants. In the event the New Pension Plan terminates, money held in the Trust cannot be returned to Accenture until all benefits have been paid out, up to certain limits. A trustee is the legal owner of assets that are held in trust for, or, for the benefit of, plan participants. The trustee makes all payments from the New Pension Plan. Benefit Restrictions In accordance with Internal Revenue Code rules, various benefit restrictions may apply depending on the funded status of the New Pension Plan and/or whether you are one of the twenty-five most highly compensated employees or former employees of Accenture. You will be notified in the event any benefit restrictions apply to you. Missing Participants or Beneficiaries Each participant must notify the Plan Administrator of his or her post office address and must promptly notify the Plan Administrator of each change of address. Except to the extent required by law, neither the Plan Administrator nor an employer is required to search for or locate a participant or the participant s beneficiary. Top Heavy Plan Rules In the unlikely event that the New Pension Plan becomes a top heavy plan in any plan year, the vesting schedule and minimum benefit under the New Pension Plan would be determined in accordance with special rules that are stated in the New Pension Plan document. The New Pension Plan would become a top heavy plan if key employees have more than 60% of the accrued benefits of all participants in Accenture s tax-qualified plans.

14 New Pension Plan 10 May 2016 GLOSSARY OF TERMS Accrued Benefit The monthly retirement benefit payable at your Normal Retirement Date (or your Deferred Retirement Date if you have passed your Normal Retirement Date) in the form of a life annuity. Average Monthly Earnings Generally, the monthly average of the Earnings paid to you during the 3 consecutive Benefit Computation Periods for which your Earnings were the highest within the last 10 Benefit Computation Periods prior to your termination of employment. The Benefit Computation Period in which you become an ineligible employee or terminate employment with Accenture and its affiliates will be disregarded in determining your Average Monthly Earnings, unless your change in employment status or termination of employment occurs on the last business day in June. Benefit Computation Period Each 12-month period beginning on July 1 and ending on the following June 30. Benefit Distribution Date The date following your termination of employment as of which the present value of your vested accrued benefit may be paid to you in a lump sum. Deferred Retirement Date The first day of the month following the date you retire after age 62. Early Retirement Date The first day of the month following the date you retire before your Normal Retirement Date, but after you have completed 5 Years of Service and attained age 55. Earnings Earnings will be determined as set forth below: Current Definition of Earnings: For compensation paid on and after January 1, 2004, your Earnings generally equal: (1) your base salary and any differential wage payments paid to you during the time you are an eligible employee under the New Pension Plan; plus (2) your tax-deferred 401(k) contributions under the 401(k) Match Plan, your elective deferrals under the Accenture United States Flexible Benefits Program, and your elective deferrals under the Accenture Commuter Benefit Program. Your Earnings do not include any type of variable compensation, such as bonuses, overtime, and moving expenses. In addition, your Earnings do not include taxable expense reimbursements or allowances, Voluntary Services Overseas Program stipends, any income attributable to stock or stock-based compensation programs, and severance payments. Prior Definition of Earnings: For compensation paid before January 1, 2004, your Earnings generally equal: (1) the total amount paid to you by Accenture as taxable compensation as reported on IRS Form W-2 during the time you are an eligible employee under the New Pension Plan; plus (2) your tax-deferred 401(k) contributions under the 401(k) Match Plan, your elective deferrals under the Accenture United States Flexible Benefits Program, and your elective deferrals under the Accenture Commuter Benefit Program; minus (3) any taxable expense reimbursements or allowances, any income attributable to stock or stockbased compensation programs, and severance payments. Limit on Earnings: As required by the Internal Revenue Code, Earnings for any Benefit Computation Period in excess of $265,000 in 2016 and $270,000 in 2017 (as adjusted periodically by the Internal Revenue Service) are not used to determine your benefits under the New Pension Plan. Normal Retirement Date The first day of the month following the date you attain age 62 (your normal retirement age). New Pension Plan The Accenture United States New Pension Plan, effective May 31, 2016.

15 New Pension Plan 11 May 2016 Plan Administrator The administrator of the New Pension Plan. Accenture LLP is the Plan Administrator. Accenture LLP may delegate responsibilities for plan administration to other persons. Any references in this summary to the Plan Administrator include the Plan Administrator s delegatees. Plan Year The twelve-month period beginning on May 31 and ending on the following May 30. Prior Plan The Accenture United States Pension Plan, as amended and restated effective September 1, Protected Benefit The amount of your retirement benefit accrued as of December 31, Spinoff Transaction The spinoff of assets and liabilities from the Prior Plan to the New Pension Plan. Spouse The individual to whom you are legally married as recognized under federal law. Year of Benefit Service Each 12-month period of employment with Accenture during which you are an eligible employee under the New Pension Plan. Years of Benefit Service include both full and fractional years. Year of Service Each 12-month period of employment with Accenture or an Accenture affiliate. Years of Service include both full and fractional years.

16 New Pension Plan 12 May 2016 APPENDIX TRANSFER PENSION PLAN COMPONENT OF THE UNITED STATES NEW PENSION PLAN INTRODUCTION This appendix explains the main features of the benefits payable to Transfer Pension Plan Participants under the Transfer Pension Plan component of the New Pension Plan. The terms of the Transfer Pension Plan are complicated. This appendix is intended to explain the principal terms of the Transfer Pension Plan in non-technical language and is intended to be read in connection with the SPD. The complete terms and conditions of the Transfer Pension Plan are described in a complex legal document. This appendix is not intended to cover every circumstance covered in the plan document. Should there be any inconsistency between this appendix, the summary in which this appendix is contained and the plan document, the terms of the plan document will govern. No benefits shall be paid based on the terms of this appendix, unless such benefits are provided for under the terms of the plan document. (Of course, you may examine the complete plan document on which this summary is based. It is available from Accenture.) To understand your benefits under the Transfer Pension Plan, you will need to know the meanings of a number of terms. Please see the TPP Glossary of Terms at the end of this summary for the definitions of the terms used in this summary. ELIGIBILITY AND TRANSFER PENSION PLAN PARTICIPATION Participation in the Transfer Pension Plan is limited to individuals who satisfy each of the following criteria: You were a participant in the Transfer Pension Plan component of the Prior Plan prior to the termination of the Prior Plan on May 30, 2016; You did not make a valid 2008 new program election under the Prior Plan or the Transfer Pension Plan; Your benefits under the Prior Plan were not frozen prior to May 30, 2016; You were an eligible employee under the terms of the Prior Plan at the time of the Spinoff Transaction on May 30, 2016; and Your benefit was transferred to the New Pension Plan as part of the Spinoff Transaction. If you satisfy the criteria listed above, you will continue to be an active participant under the Transfer Pension Plan until the date on which the earliest of the following occurs: You cease to be on the regular payroll of Accenture LLP, or cease to be classified as an Accenture LLP employee for purposes of wage withholding of Federal income taxes; You are promoted to Managing Director, or You are transferred to an employer other than Accenture LLP. Any participant who ceases to be eligible for active accruals based on the criteria above will no longer be eligible to actively participate in the Transfer Pension Plan after the date such status changes. Generally, you became eligible to participate in the Transfer Pension Plan component of the Prior Plan if you were employed by Accenture LLP, you were a participant in the E.I. dupont de Nemours and Company Pension and Retirement Plan (the DuPont Plan ) and your DuPont Plan benefits were transferred to the Transfer Pension Plan within 36 months of the Transfer Date (June 1, 1997). If you are eligible to participate in the Transfer Pension Plan, you became a participant on July 1, 1997 (or, if later, the date your DuPont Plan benefits were transferred to the Transfer Pension Plan). As a participant in the Transfer Pension Plan component of the New Pension Plan, you are not eligible to participate in any other component of the New Pension Plan.

17 New Pension Plan 13 May 2016 Your benefit under the Transfer Pension Plan component of the New Pension Plan includes the benefit you accrued under the Transfer Pension Plan component of the Prior Plan. The Prior Plan provided the following: If you terminated employment after becoming a Transfer Pension Plan participant and were reemployed by Accenture LLP before September 1, 2007, you became an active participant in the Transfer Pension Plan on the later of your date of reemployment or the date you become eligible to participate in the Transfer Pension Plan. You will receive credit for all your Years of Service and Years of Benefit Service that you had earned prior to your termination of employment and will continue to earn Years of Service for purposes of satisfying the Rule of 80 described below. If you do not satisfy the eligibility requirements described above, any subsequent determination by your employer, a government agency, a court, or other third party that you are an eligible employee will not have a retroactive effect for purposes of your eligibility to participate in the Transfer Pension Plan, even if the determination is applicable to prior years. THE RETIREMENT BENEFIT Summary of Retirement Benefits Your retirement benefits under the Transfer Pension Plan are based on your DuPont Formula Benefit and your Accenture Benefit (as described below). Your DuPont Formula Benefit and your Accenture Benefit are based on a number of items, which are described in the TPP Glossary of Terms. You may begin to receive retirement benefits on your Normal Retirement Date, Deferred Retirement Date, or Early Retirement Date. The Transfer Pension Plan offers several forms of payment. If you are married, spousal consent may be required to elect certain forms of payment. Benefit Formulas DuPont Formula Benefit Your DuPont Formula Benefit is equal to the remainder of (1) minus (2) below: (1) The greatest of the amounts determined under (a), (b), and (c) below: (a) 1.2% of your Average Monthly Earnings multiplied by your Total Years of Benefit Service. (b) (1.5% of your Average Monthly Earnings multiplied by your Total Years of Benefit Service) minus 50% of your Primary Social Security Benefit. (c) Depending on your Total Years of Benefit Service, the amount determined under either (i) or (ii) below: minus (i) If you have at least 15 Total Years of Benefit Service: ($9 multiplied by your Total Years of Benefit Service) plus 10% of your Average Monthly Earnings. (ii) If you have less than 15 Total Years of Benefit Service: ($9 multiplied by your Total Years of Benefit Service) plus (2/3% of your Average Monthly Earnings multiplied by your Total Years of Benefit Service). (2) Your Accenture Profit Sharing Equivalent Annuity. In general, your Accenture Profit Sharing Equivalent Annuity is determined by taking the sum of fifty percent (50%) of your profit sharing account balance under the 401(k) Match Plan as of your termination date and one hundred percent (100%) of your profit sharing account balance under the Profit Sharing Plan as of your termination date and converting that amount to an actuarially equivalent monthly annuity for your life, payable at your Normal Retirement Date. See the TPP Glossary of Terms for more details. Accenture Benefit Your Accenture Benefit is equal to the sum of (a) and (b) below: (a) Your DuPont Transfer Benefit PLUS