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The owners of APM sold 35% of their ownership via an ESOP in March of 2021. The ESOP was effective October 1, 2018 but no contribution was made for the Plan Year ending September 30, 2019. However, a contribution was "accrued" for the plan year ending September 30, 2020.

If you were employed on October 1, 2018 or October 1, 2019 you became eligible on that date. For those hired after October 1, 2019, you are eligible to enter the Plan on two Entry Dates (October 1 or April 1) after you work for 12 months and at least 1,000 hours. You also must be at least 21 years old (no paperwork is required). Please refer to the Summary Plan Description (SPD) for more information on eligibility.

It depends on the amount of the ESOP contribution.

Once a year, APM prepares financial statements for an independent appraisal of the ESOP value. Once the value is known, the allocations can be done. This process occurs after the end of the Plan year (September 30) and your updated ESOP account balance is available on the annual statement that follows completion of this work. The first allocation is "as of" September 30, 2020 and is anticipated to be completed by July 2021.

Since the APM Stock is not publicly traded, an annual appraisal is performed to determine the fair market value as of the end of each Plan Year (April 30). The appraiser is selected by the Trustee who has been hired by the APM Board. The appraiser is independent and qualified in performing this valuation. The Trustee is a fiduciary (prudent expert) hired to watch over the ESOP Trust account on your behalf.

The value of your account is dependent on the value of the APM Stock. Your account balance will be adjusted annually to reflect the annual appraisal, contributions to the Plan, shares that might be allocated to you, shares that might be distributed to you or shares forfeited or reallocated to you from others that forfeit. Most allocations are credited to you based on your compensation for the Plan Year but some allocations are credited to you based on the number of shares you have already been allocated.

1. APM Company Stock Account: this account contains APM stock allocated to you.
2. Other Investments Account: this account contains any cash allocated to you.

Your total ESOP Account balance is subject to "graded" vesting, meaning it is subject to a vesting percentage that is the portion of this account to which you are entitled.

• Less than 2 years of service (plan years where you work at least 1,000 hours): 0%
• At least 2 years: 20%
• At least 3 years: 40%
• At least 4 years: 60%
• At least 5 years: 80%
• 6 or more years of service: 100% vested

Crediting for vesting service begins on October 1, 2018 for everyone who has started their employment with APM on or before October 1, 2018.

You were hired 8/15/2015 and assume you work full time. You entered the ESOP on 10/1/18. Your first year of vesting service credited to the ESOP is the period October 1, 2018 to September 30, 2019. The second year is the period ending September 30, 2020. So, when you receive your first statement as of September 30, 2020 you will have two years of vesting service and be 20% vested. (Reminder: no contribution was made to the ESOP to provide you a statement as of September 30, 2019 but you still count the year for vesting purposes.)

If you were hired on 9/5/20, assuming you work full time and are at least age 21, you will enter the ESOP on 10/1/21. The initial plan year from 9/5/20 to 9/30/20 you will not have 1,000 hours. The first plan year you will have 1,000 hours will be the period ending 9/30/21 and the second will be the period ending 9/30/22, where you will be 20% vested and receive your first participant statement.

No.

For vested amounts of or under $1,000, a lump sum payment will be paid as soon as administratively feasible after the end of the plan year of termination. For amounts over $1,000, payment will occur in 5 yearly installments.

If you terminate your employment with APM for reason of normal retirement (age 65), death or disability, your ESOP account balance will be paid in five installments, commencing before the end of the Plan Year following your termination Plan Year. (Example: If you terminate your employment before September 30, 2021, you will commence no later than September 30, 2022.)

If you terminate your employment for any reason other than normal, early, death or disability, and the amount is under $1,000, you will be cashed out. If the amount is over $1,000, your commencement of five installments will not occur until the 6th plan year following the year of termination.

You must complete a Distribution Election form to rollover the proceeds from the ESOP. You can obtain the form by contacting a OneAmerica Retirement Services Participant Service Representative.

There are a number of reasons why it is important to contribute to the 401(k) Plan. Here are a few to consider:

Diversification of investments The chief difference between an ESOP and a 401(k) is that your contributions and your earnings in the 401(k) are invested in a diversified portfolio; in the ESOP they hold primarily the company's own stock. A good diversification strategy may include a combination of large-, mid- and small-cap stock mutual funds, bond funds and cash investments as well as APM stock. The strategy is based on the understanding that when one or more asset classes experience losses, others may generate gains. The 401(k) Plan provides a wide variety of investment options that will help meet everyone's individual needs for the future.

Retirement readiness In order to meet basic income needs in retirement, industry professionals are recommending that people save one times their salary by their 30th birthday. By the time they're 35, savings should add up to double their annual pay. By 40, a retirement account should hold three times a person's salary. The numbers keep growing, all the way to age 67, by which retirement savings should add up to 10 times a person's pay.

Source: Fidelity Investments 12/15

Timing of distributions ESOP distributions take a longer time to be paid than 401(k) distributions. Therefore, having a 401(k) balance can provide earlier timing of commencement of distributions to help sustain you in retirement.