EMPIRE RETIREMENT SAVINGS PLAN Contribution & Employer Match

EMPIRE RETIREMENT SAVINGS PLAN Average Participant Retirement Account Value

EMPIRE RETIREMENT SAVINGS PLAN Estimated Average Employee Contribution Amount

• Participant pretax and Roth voluntary salary deferrals ranging from 1% to 100% of eligible compensation, as defined in the Plan document.
• The Plan has an automatic deferral feature of 5%, increasing each year by 1% up to a maximum of 10%, unless the participant opts out.
• Effective August 1, 2023, the maximum percentage contribution for participant pretax and Roth voluntary salary deferrals was changed from 100% to 75%.

• The employer discretionary match was 50% of the first 6% of employee deferrals for the year ended December 31, 2024.

• Participants are vested immediately in their contributions plus actual earnings (losses) thereon.
• Vesting in the Company’s contribution portion of their accounts is based on continuous years of service.
• Participants become 20% vested in their employer discretionary profit sharing contribution accounts and employer discretionary matching contribution accounts after two years of service.
• Vesting increases 20% each year for years three through six.
• A year of service is earned for any Plan year during which a participant works at least 1,000 hours.
• All accounts become 100% vested for a participant whose employment with the Company is ended due to death or total disability, or if a participant’s employment is ended as part of a Plan termination.
• Effective August 1, 2023, the vesting schedule was updated to 25% vesting in employer discretionary profit sharing and employer discretionary matching contributions after one year of service, with vesting increasing 25% each year thereafter and full vesting after four years of service.