SAN JOSE SHARKS 401(K) PLAN Contribution & Employer Match

SAN JOSE SHARKS 401(K) PLAN Average Participant Retirement Account Value

SAN JOSE SHARKS 401(K) PLAN Estimated Average Employee Contribution Amount

• The Plan provides for employee salary deferral contributions up to a maximum of 100 percent of annual compensation subject to maximum tax-deferred limitations established by the Internal Revenue Code.
• Eligible employees who have reached age 50 during the plan year may elect to make catch-up contributions, as limited by the Internal Revenue Service (IRS).
• The Plan allows participants to contribute up to 100 percent of their compensation on an after-tax basis.
• A participant’s combined pretax and Roth 401(k) contributions cannot exceed the maximum amount allowed by law.
• Participants may also make contributions to the Plan in the form of a rollover of funds from another qualified plan.

• The Company also makes safe harbor matching contributions equal to 100 percent of the participant’s eligible compensation, not to exceed 3 percent, plus 50 percent of participant’s deferrals between 3 and 5 percent of participant’s eligible compensation, on the last day of the plan year.

• Vesting schedule: Employee salary and rollover contributions: 100% immediately vested Company safe harbor matching contributions: 100% vested after two years of service Company profit-sharing contributions: ratably over three years of credited service Participants vest in contributions made by the Company ratably over three years of credited service.