SIMVENTIONS RETIREMENT PLAN Contribution & Employer Match

SIMVENTIONS RETIREMENT PLAN Average Participant Retirement Account Value

SIMVENTIONS RETIREMENT PLAN Estimated Average Employee Contribution Amount

• Each year, participants may contribute up to 85 percent of their annual eligible compensation, as defined in the Plan.
• Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
• The Plan includes an auto-enrollment provision whereby new participants, who have not affirmatively elected to participate in the Plan, are automatically enrolled at a deferral rate of five percent of their eligible compensation.
• The Plan also contains an automatic escalation provision where the deferral rates of participants who have otherwise not made an affirmative election are escalated by one percent, up to a maximum of ten percent, beginning on the first day of the second Plan year following the Plan year of the initial automatic enrollment.

• The Company makes safe harbor contributions equal to 100 percent of the first three percent of the participant’s compensation which is deferred as an elective deferral and an additional 50 percent of the next two percent of the participant’s compensation which is deferred as an elective deferral.

• Participants are vested immediately in their contributions and the Company’s safe harbor contributions, plus actual earnings thereon.
• Vesting in the Company’s profit-sharing contributions are based on years of continuous service.
• A participant is 25 percent vested after two years of service is completed, 50 percent vested after three years of service, 75 percent vested after four years of service, and 100 percent vested after five years of service.
• A participant becomes fully vested upon retirement, death or disability.