CSG 401(K) PLAN Contribution & Employer Match

CSG 401(K) PLAN Average Participant Retirement Account Value

CSG 401(K) PLAN Estimated Average Employee Contribution Amount

• Deductions from compensation at the direction of the employee in an amount up to 50% of the employee’s compensation and which are deducted from the employee’s direct compensation and are excluded from the employee’s reportable wages for the year.
• The aggregate amount of the participant-directed contributions cannot exceed $23,000 in 2024, the statutory limit as adjusted from time to time pursuant to Section 401(g)(5) of the Internal Revenue Code (IRC).
• Participants who were age 50 and older were able to make maximum catch-up contributions of $7,500 in 2024.
• The Plan provides automatic enrollment for eligible employees at the deferral rate of 4% of compensation, as defined, unless an employee affirmatively elects otherwise.

• The Sponsor may, at its discretion, contribute an amount equal to a percentage of each participant’s eligible salary deferral contributions.
• The discretionary Sponsor matching contributions for 2024 were equivalent to 50% of each participant’s eligible elective deferrals, which do not exceed 4% of eligible compensation (as defined).

• Participants are immediately vested in their participant-directed and rollover contribution accounts and earnings thereon.
• Vesting of the discretionary Sponsor matching and discretionary profit-sharing contribution accounts and earnings thereon is based on years of service, as outlined in the Plan’s literature, and employees vest 25% each year and are fully vested after four years.
• Participants are automatically fully vested upon normal retirement, death or permanent disability.