401(k) Savings Plan

Eligibility

Regular full–time and regular part–time employees working 20 hours per week.

Cost

The U.S. Pharmacopeial Convention (USP) makes contributions to this Plan for employees working a minimum of 1,000 hours in a 12–month period after one year of service.

Employees make pre–tax contributions to the Plan upon employment.

Amount of Benefit

The Plan offers 20 investment choices through Diversified Investment Advisors, including an array of target retirement date funds. Employees choose from stable value, money market, bonds, equities, social choice, emerging markets, and real estate investment options. USP contributes 10% of total cash compensation (salary and bonus) to each employee’s account on a tax–deferred basis with immediate vesting. Contributions are made each pay period after one year of service.

Employees may contribute up to 100% of salary in pre–tax dollars to the Plan, subject to the statutory maximum of $16,500 for 2010. Employees who are age 50 or older during the plan year are also eligible to contribute an additional $5,500 as a catch–up contribution in 2010.