WEST VALLEY SAVINGS PLAN Contribution & Employer Match

WEST VALLEY SAVINGS PLAN Average Participant Retirement Account Value

WEST VALLEY SAVINGS PLAN Estimated Average Employee Contribution Amount

• Each year participants may contribute to the Plan any whole percentage of their annual compensation up to 35% on a pre-tax, Roth, or after-tax basis.
• Participants who are fifty years and older are eligible to make catch-up contributions.
• 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 or contribute at a lesser percent.
• Automatic enrolled participants have their deferral rates set at 6% of eligible compensation.
• Effective January 1, 2025, and every January 1 thereafter, participants’ deferral elections will automatically increase by 1%, unless a participant affirmatively elects to not have their deferrals increase, up to 35%.

• The Company makes matching contributions equal to 50% of participant contributions, up to a maximum of 3% of the participant’s eligible compensation, as defined by the Plan.
• The Plan permits the Company to make discretionary contributions.
• The Company did not make any discretionary contributions for the years ended December 31, 2024 and 2023.
• Employees hired or rehired after August 28, 2011, who are not eligible to participate in the West Valley Pension Plan, receive an additional Company contribution equal to 6% of the participant’s compensation.

• Participants are vested immediately in their contributions plus actual earnings thereon.
• Company contributions become 20% vested after one year of service, with vesting increasing at 20% increments each year, thereafter, to 100% after five years of credited service.