CITY BEVERAGES 401(K) PLAN Contribution & Employer Match

CITY BEVERAGES 401(K) PLAN Average Participant Retirement Account Value

CITY BEVERAGES 401(K) PLAN Estimated Average Employee Contribution Amount

• Each year, participants may contribute from 1% up to the maximum amount of annual compensation allowed by law, as defined in the Plan document.
• Participants who have attained age 50 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 contribute to the Plan.
• Automatically enrolled participants have their deferral rate set at 5% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant.
• The Plan includes an auto-escalation provision for auto-enrolled participants whereby the deferral rate will increase 1% each year up to a maximum of 15%.

• During 2024 and 2023 the Company matched 100% of the first $2,000 that a participant contributed to a Plan.

• Participants are immediately fully vested in their voluntary contributions, plus actual earnings or losses thereon.
• Vesting in the Company’s contributions, including actual earnings or losses thereon, is based upon the number of years of service.
• Participants vest in the Company’s contributions at a rate of 20% per year of service after two years of service and become fully vested after six years of credited service.
• Participants become fully vested in Company contributions and earnings upon death, disability (as defined by the Plan), attainment of normal retirement age (as defined by the Plan), or upon termination of the Plan.