MD LOGISTICS LLC 401K PLAN Contribution & Employer Match

MD LOGISTICS LLC 401K PLAN Average Participant Retirement Account Value

MD LOGISTICS LLC 401K PLAN Estimated Average Employee Contribution Amount

• Each year, participants may authorize the Employer to contribute to the Plan up to 80% of their eligible annual compensation, subject to the maximum annual amount permitted under Section 402(g) of the Internal Revenue Code (IRC).
• Participants who attain age 50 before the end of the Plan year are eligible to make catch-up contributions.
• The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless an affirmative election not to participate in the Plan is executed.
• Automatically enrolled participants have their contribution rate set at 4% of eligible compensation and their contributions are invested in a designated fund until changed by the participant.

• The Employer makes a safe-harbor matching contribution equal to 100% of the first 4% of eligible compensation that each participant contributes to the Plan.

• Participants are vested immediately in their contributions and the Employer’s safe-harbor matching contributions plus actual earnings thereon.
• Vesting in the Employer’s discretionary matching and profit-sharing contribution portion of their account is based on years of service.
• A participant becomes 20% vested after two years of service, increasing by 20% per additional year, with full vesting after six years of credited service.