CRAYON 401(K) PLAN Contribution & Employer Match

CRAYON 401(K) PLAN Average Participant Retirement Account Value

CRAYON 401(K) PLAN Estimated Average Employee Contribution Amount

• Unless they affirmatively elect otherwise, eligible participants will have their compensation reduced in accordance with an automatic contribution arrangement, as defined by the Plan.
• Alternatively, participants may elect to contribute (through payroll withholding) an amount of such participant’s compensation on a before-tax or after tax (Roth) basis for each payroll period, subject to an annual maximum dollar limitation of $23,000 in 2024 and $22,500 in 2023, as determined by government regulations.
• Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions of up to $7,500 in both 2024 and 2023.

• The Employer may make a discretionary matching contribution to the Plan.
• The Employer may also make other discretionary contributions to the Plan.
• These contributions are called Nonelective Contributions and are allocated to the Participant’s account on the annual valuation date.

• Participants are vested immediately in their contributions plus actual earnings thereon.
• Vesting in the Company’s contribution portion of their accounts is based on years of continuous service.
• Vesting in Employer nonelective contributions and Employer matching contributions is based on the years of vesting service as follows: Participants are also fully vested upon attaining Normal Retirement Age, or upon death or disability.