ACME TRUCK LINE 401(K) PLAN Contribution & Employer Match

ACME TRUCK LINE 401(K) PLAN Average Participant Retirement Account Value

ACME TRUCK LINE 401(K) PLAN Estimated Average Employee Contribution Amount

• Each year, participants may contribute up to 80% of their eligible annual compensation, subject to the maximum annual amount permitted under Section 402(g) of the Internal Revenue Code (IRC).
• Participants who attain age 50 before the end of the Plan year are eligible to make catch-up contributions.
• The Plan includes an auto-enrollment provision, whereby certain employees are automatically enrolled in the Plan unless an affirmative election not to participate in the Plan is executed.
• Automatically enrolled participants have their contribution rate set at 3% of eligible compensation and their contributions are invested in a designated fund until changed by the participant.
• The Plan also provides for an automatic escalation provision in which a participant’s auto-enrollment contribution rate will increase by 1% per year up to a maximum of 10% of eligible compensation until an affirmative election is made by the respective participant.

• The Employer makes a safe-harbor matching contribution equal to 100% of participant salary deferral contributions on the first 3% of eligible compensation deferred plus 50% on the next 2% of compensation deferred for a maximum match allocation of 4% of eligible compensation.

• Participants are vested immediately in their contributions and the Employer’s safe-harbor matching and profit-sharing contributions and actual earnings thereon.
• Prior to January 1, 2023, certain former participants were subject to a vesting schedule as defined in the Plan Agreement for the Employer’s discretionary contribution portion of their account.