SKYLINE WINDOWS, LLC 401(K) PLAN Contribution & Employer Match

SKYLINE WINDOWS, LLC 401(K) PLAN Average Participant Retirement Account Value

SKYLINE WINDOWS, LLC 401(K) PLAN Estimated Average Employee Contribution Amount

• Each year, participants may contribute up to 80 percent of their pretax annual compensation as defined in the Plan, provided that such contributions do not exceed the maximum allowable contribution limit established by the Internal Revenue Service (IRS).
• A participant may also elect to make Roth contributions.
• For 2024, the IRS maximum allowable contribution limit was $23,000; or if over the age of 50, $7,500.
• All eligible employees are enrolled at 3%, unless they request to opt out.

• The Company contributes to the plan on behalf of each participant who is eligible to share in matching contributions for the Plan year, a discretionary matching contribution equal to $.40 per $1 on the first 5% of compensation that is deferred resulting in a maximum match of 2%.

• Participants are vested immediately in their contributions plus actual earnings thereon.
• Participants become 20 percent vested in the remainder of their accounts after two years of continuous service, 40 percent after three years of continuous service, 60 percent after four years of continuous service, 80 percent after five years of continuous service and 100 percent after six years of continuous service.