403(B) THRIFT PLAN FOR EMPLOYEES OF HEAD START OF GREATER DALLAS, INC. Contribution & Employer Match

403(B) THRIFT PLAN FOR EMPLOYEES OF HEAD START OF GREATER DALLAS, INC. Average Participant Retirement Account Value

403(B) THRIFT PLAN FOR EMPLOYEES OF HEAD START OF GREATER DALLAS, INC. Estimated Average Employee Contribution Amount

• Each year, participants may contribute up to 100 percent of pretax annual compensation, as defined by the Plan.
• Participants age 50 or older before the end of the plan year are eligible to make catch-up contributions.
• The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the plan.
• Automatically enrolled participants have their deferral rate set at 1 percent of eligible compensation and their contributions invested in a target date fund until changed by the participant.
• Effective January 1, 2019, the automatically enrolled participants deferrals will increase 1 percent annually, up to 3 percent.

• For participants who have completed one year of service, HSGD will make a matching contribution equal to the lesser of 50 percent of the salary reduction amount the participant contributes during the plan year, or 3 percent of the participant’s compensation received during the plan year.

• Participants are immediately 100 percent vested in their contributions and actual earnings thereon from their date of participation in the Plan.
• Participants vest 20 percent each year and are fully vested in employer contributions upon completion of five years of service.