JOHN E MCGOVERN AND ASSOCIATES, PC 401K PROFIT SHARING PLAN

Profit-sharing plan.

Participants have the opportunity to direct the investment of a portion of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.

Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

A one-participant plan that satisfies minimum coverage requirements of section 410(b) only when combined with another plan of the employer.