LAW OFFICES OF ROBERT S. GITMEID & ASSOCIATES 401(K)PROFIT SHARIN Contribution & Employer Match

LAW OFFICES OF ROBERT S. GITMEID & ASSOCIATES 401(K)PROFIT SHARIN Average Participant Retirement Account Value

LAW OFFICES OF ROBERT S. GITMEID & ASSOCIATES 401(K)PROFIT SHARIN Estimated Average Employee Contribution Amount

• Each year, participants may contribute to the Plan a percentage of compensation, as defined, or a specific dollar amount.
• Employees may elect to defer a maximum amount not to exceed the annual thresholds established by the IRS.
• Participants who attained age 50 by the end of the Plan year were eligible to make catch-up contributions.
• The Plan includes an automatic enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.
• Automatically enrolled participants have their deferral rates set initially at 3% of eligible compensation and their contributions are invested in a balanced fund until changed by the participant.

• The Plan provides for safe harbor employer matching contributions to deferring participants.
• Such employees are eligible to receive a matching contribution equal to 100% of the first 1% of eligible compensation that a participant contributes, plus 50% of eligible compensation that a participant contributes in excess of 1%, not to exceed 6%.
• The Plan provides for additional employer contributions at the discretion of the Plan Sponsor, not to exceed 3.5%.
• There were no employer discretionary contributions for the year ended December 31, 2024.