401(k) Retirement Savings (Trailborn)

4SA0V1(IkN)GRSETIREMENT If I am not a non-resident alien, a leased employee, I am eligible to participate in Valor’s 401(k) Retirement Savings program after 60 days of employment. My entry into the program will begin on the first day of the month following the expiration of the 60 days. I can make “before tax” contributions to my 401(k) amounting to anywhere between 1% and 95% of my compensation, subject to the annual maximum amount allowed by law ($20,500 in 2022). If I am 50 years of age or older, I can make an additional catch-up contribution (up to $6,500 in 2022). I can make changes to my contribution amount as of each payroll period. I can also make “after tax” contributions to a Roth 401(k), though mycombined“before tax”and“aftertax”contributions cannot exceed the maximums stated above. Rollovers from other eligible plans are allowed at any time. 401(k) Retirement Savings 1

2 401(k) Retirement Savings Trailborn will match 100% of the first 3% of my contribution, plus 50% of the next 2%. Trailborn’s Matching Contributions will not exceed 4% of my compensation. These contributions are 100% vested once made – they cannot be taken away from me. For more information, I can ask a representative from the Department of People & Culture.