COCKRELL INTERESTS THRIFT PLAN Contribution & Employer Match

COCKRELL INTERESTS THRIFT PLAN Average Participant Retirement Account Value

COCKRELL INTERESTS THRIFT PLAN Estimated Average Employee Contribution Amount

• Participants may elect to contribute up to 50% of their compensation, as defined by the Plan, subject to certain limitations by the Internal Revenue Code (the Code).
• If an employee does not affirmatively decline participation or elect a deferral amount, the employee is automatically enrolled with a pre-tax deferral rate of 3% of compensation, upon meeting the age requirement.
• The deferral rate increases 1% each year until a deferral rate of 8% is reached.
• Participants who have attained the age of 50 prior to the end of the Plan year may elect additional catch-up contributions, as defined by the Plan.

• Cockrell elected to make matching contributions equal to 100% of the employee’s elective deferral not exceeding 8% of the employee’s compensation, as defined by the Plan, during 2024.

• Participants are immediately 100% vested in all participant contributions plus actual earnings thereon.
• Participants become 25% vested in employer contributions after two years of credited service and vest 25% per year thereafter, becoming 100% vested after five years of credited service.
• Participants who are employed at time of death, disability or upon reaching normal retirement age (defined as age 65) become 100% vested in all amounts at that time.