PACIFIC PERSONNEL 401K PLAN Contribution & Employer Match

PACIFIC PERSONNEL 401K PLAN Average Participant Retirement Account Value

PACIFIC PERSONNEL 401K PLAN Estimated Average Employee Contribution Amount

• Each year, participants may elect to contribute on a pre-tax basis between 1% and 90% of their eligible earnings, as defined in the Plan, subject to limitations imposed by Internal Revenue Service (IRS) regulations.
• Participants may elect to designate all or a portion of their contributions as Roth elective deferrals.
• Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
• In July 2023, the Plan was amended to include an automatic enrollment provision effective October 1, 2023.
• Under the amendment, all participants who are not deferring any amount and who do not make a timely affirmative election to not participate in the Plan will be automatically enrolled in the Plan at a pre-tax deferral rate of 1% of compensation, as defined, with no automatic escalation provision.
• The Plan was subsequently amended to remove the automatic enrollment provision effective January 1, 2024.

• Matching contributions are determined each pay period and are equal to 100% of the first 2% of the participant’s compensation which is deferred as an elective deferral.

• Participants are immediately vested in their contributions plus actual earnings thereon.
• Vesting in the Company’s contributions portion of their accounts is based on years of service at the rate of 20% per year, beginning after 2 years of service have been completed.
• A participant is 100% vested after six years of credited service.