RLS MANAGED SERVICES LLC 401(K) PLAN Contribution & Employer Match

RLS MANAGED SERVICES LLC 401(K) PLAN Average Participant Retirement Account Value

RLS MANAGED SERVICES LLC 401(K) PLAN Estimated Average Employee Contribution Amount

• Each year, active and eligible participants may elect to contribute a portion of eligible compensation to be withheld from each payroll as a pre-tax deferral or as a Roth deferral.
• Participants may contribute the lesser of 100% of eligible compensation or the maximum amount allowed by law, which was $23,000 and $22,500 (i.e., Code 402(g) and 415) for Plan years 2024 and 2023, respectively, as defined by the IRS.
• Participants who have attained age 50 prior to the end of the Plan year are eligible to make catch-up contributions.
• The catch-up contribution limit for Plan years 2024 and 2023 was $7,500 and $7,500, respectively, as defined by the IRS.
• The Plan does not include an automatic enrollment or deferral provision.

• The Plan allows the employer to match up to 50% of each participant’s contribution, subject to the maximum amount of 4% of eligible compensation.
• The employer may make discretionary matching contributions based on the percentage of compensation deferred into the Plan by each participant.

• Participants are immediately vested in their contributions plus actual earnings thereon.
• Vesting in the Plan’s contribution portion of accounts plus actual earnings thereon is based on years of continuous service, where 1,000 service hours during each Plan year earns a year vested.
• One year of service equals 33% vested, 2 years of service equals 67% vested and 3 or more years of service equals 100% vested.
• On termination of employment due to death, disability or normal retirement, as defined by the Plan, a participant automatically becomes 100% vested in all accounts.