AMERICA’S CAR MART, INC. 401(K) PLAN Contribution & Employer Match

AMERICA’S CAR MART, INC. 401(K) PLAN Average Participant Retirement Account Value

AMERICA’S CAR MART, INC. 401(K) PLAN Estimated Average Employee Contribution Amount

• Participants may contribute up to the maximum annual dollar amount permissible under the Internal Revenue Code (the Code).
• Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions.
• Participants may also rollover amounts from other qualified plans.
• Under the automatic enrollment feature, participant contributions are initially invested in a American Funds Target Date Fund based on the participant’s birth date at the time of the first deferral contribution if no investment direction is made by the participant.
• Eligible employees who do not want to make a contribution may elect to opt out of automatic enrollment, or they may elect a different contribution percentage.
• Effective October 1, 2024 and for each October 1 thereafter, all Participants without an existing affirmative election or whose affirmative election (including 0%) is less than the 4% automatic enrollment amount will have their election expire each year and will be subject to the initial 4% automatic enrollment rate unless they make a subsequent affirmative election and will be subject to future expiration if less than 4%.

• For the year ended December 31, 2024, the Company provided a matching contribution equal to 50% of each participant’s contributions up to a maximum of 6% of qualifying participant’s compensation.
• Employer matching contributions are based on deferrals made each pay period.
• Additional amounts may be contributed by the Employer under the Plan’s profit sharing provisions at the discretion of the Board of Directors of the Company.

• Participants are immediately vested in their contributions plus or minus any actual earnings or losses thereon.
• Vesting in Employer contributions is based upon years of service according to the following schedule: Vesting Years of service percentage Less than One Year 0% One, but less than two 20% Two, but less than three 40% Three, but less than four 60% Four, but less than five 80% Five or more 100% Participants automatically become 100% vested upon normal retirement (attainment of age 65), disability or death.