IMPERIAL BAG & PAPER CO., LLC EMPLOYEE BENEFIT PLAN Contribution & Employer Match

IMPERIAL BAG & PAPER CO., LLC EMPLOYEE BENEFIT PLAN Average Participant Retirement Account Value

IMPERIAL BAG & PAPER CO., LLC EMPLOYEE BENEFIT PLAN Estimated Average Employee Contribution Amount

• The Plan provides each participant with an opportunity to make pre-tax and/or Roth contributions to the Plan, up to 90% of a participant’s eligible compensation, subject to the limitations of the Internal Revenue Code.
• Non-union employees hired on or after July 1, 2014 are automatically enrolled in the Plan at a 6% pre-tax deferral percentage.
• Employees may elect not to participate in the Plan.

• For the year ended December 31, 2024, the Company elected to match 50% of a participant’s contributions up to 6% of their eligible compensation.

• Participants are immediately vested in their contributions plus actual earnings thereon.
• Participants who were terminated prior to April 1, 2019 vest in the Company’s discretionary matching and nonelective contributions plus actual earnings thereon based on the following schedule: Years of Service Vesting Requirement Less than two years 0% 2 years 20% 3 years 40% 4 years 60% 5 years 80% 6 years 100% Effective April 1, 2019, the Plan was amended and all participants who terminate on or after April 1, 2019 vest in the Company’s discretionary and nonelective contributions plus actual earnings thereon based on the following schedule: Years of Service Vesting Requirement Less than two years 0% 2 years 33% 3 years 67% 4 years 100% Upon reaching normal retirement, disability, or death, a participant’s account also becomes fully vested.