OPERATION HOPE 401(K) PLAN Contribution & Employer Match

OPERATION HOPE 401(K) PLAN Average Participant Retirement Account Value

OPERATION HOPE 401(K) PLAN Estimated Average Employee Contribution Amount

• Participants may contribute up to 90% of their pretax annual compensation, as defined in the Plan.
• Total participant contributions are subject to annual limits under the IRC.
• The maximum participant deferral limit was $23,000 and $22,500 for the years ended December 31, 2024 and 2023, respectively.
• Catch-up contributions of $7,500 and $7,500 were available to participants who had attained age 50 or older by December 31, 2024 and 2023, respectively, and had not exceeded the contribution limit for the Plan year.
• The Plan includes an auto-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 rate set at 1% of eligible compensation and their contributions invested in a designated balanced fund until changed by the participant.

• The Plan includes a match provision, whereby the Employer matches 50% on the elective deferrals up to 6% of such deferrals, excluding catch up contributions.

• Participants are immediately vested in their voluntary contributions plus actual earnings thereon.
• Vesting in the Employer’s matching contributions and discretionary profit sharing contributions is based on years of continuous service.
• A participant is 20% vested after one year of service and continues to vest 20% per year thereafter.
• Participants are fully vested after five years of service.
• Notwithstanding the above, if a participant (1) attains the age of 65, (2) dies or (3) terminates employment by reason of permanent disability, the Employer discretionary profit sharing contributions, and match, amounts becomes 100% vested without regard to years of service.