KELMAR ASSOCIATES, LLC 401(K) PLAN Contribution & Employer Match

KELMAR ASSOCIATES, LLC 401(K) PLAN Average Participant Retirement Account Value

KELMAR ASSOCIATES, LLC 401(K) PLAN Estimated Average Employee Contribution Amount

• Participants may contribute up to 75% of eligible compensation, as defined in the Plan, as pre-tax, Roth, and catch-up contributions.
• A participant’s combined pre-tax, Roth, and catch-up contributions cannot exceed the limits set forth under the Code.
• Participants that have attained age 50 before the end of the plan year are eligible to make catch-up contributions.
• The Plan includes an automatic enrollment provision whereby all newly eligible employees (excluding rehires, temporary employees, and part-time employees) are automatically enrolled in the Plan unless they elect not to participate in the Plan.
• Automatically enrolled participants have their pre-tax deferral rate set at 6% of eligible compensation within 35 days of attaining eligibility.

• The Plan provides for employer discretionary matching contributions for eligible participants who have completed one month of service.
• For the year ended December 31, 2024, the Company elected to match 100% of the first 3% and 50% of the next 2% of participant contributions up to a maximum of 4%.
• Employer discretionary matching contributions are subject to an annual true-up.

• Participants are immediately vested in their voluntary contributions plus actual earnings thereon.
• Participants vest in employer discretionary matching contributions and discretionary non-elective employer contributions based on years of continuous service beginning with the applicable employee’s employment commencement date (fractional periods of a year are expressed as days).
• Vesting begins after a participant’s second year of service and a participant becomes fully vested after six years of credited service.
• If a participant is employed at the time of death, disability, or normal retirement age (65), the employee’s account becomes fully vested.