THE NEMOURS FOUNDATION SECTION 403(B) PLAN Contribution & Employer Match

THE NEMOURS FOUNDATION SECTION 403(B) PLAN Average Participant Retirement Account Value

THE NEMOURS FOUNDATION SECTION 403(B) PLAN Estimated Average Employee Contribution Amount

• During 2024 and 2023, each participant may contribute up to $23,000 and $22,500, respectively, as defined by the Internal Revenue Service (IRS).
• Participants who have attained age 50 before the end of the plan year are eligible to make catch-up contributions of an additional $7,500 in 2024 and 2023.
• The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect not to participate in the Plan.
• The deferral rate for automatically enrolled participants is set at 4% of eligible compensation and contributions are invested in the Plan’s qualified default investment alternative until changed by the participant.

• The Foundation matches 50% up to 4% of eligible compensation of an employee’s pre-tax salary elective deferral or Roth contribution each payroll period up to a maximum of 2% of an employee’s salary.

• Participants are always 100% vested in their employee contributions.
• Participants hired before January 1, 2022, are 100% vested in the employer matching contributions.
• Participants hired after January 1, 2022, vest in their employer matching contributions based upon years of service.
• Participants vest in the employer nonelective contributions based upon years of service.
• The participant is not vested until completing three years of service, at which time the participant becomes 100% vested in the employer matching and nonelective contribution.