Company: NODK
Filing Date: 2025-04-09
Form Type: DEF 14A
Source: 0001174947-25-000546
Chunk: 50

Company: NI Holdings, Inc.
Filing Date: 2025-04-09
Form: DEF 14A
Chunk 50
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 If an employee participant exceeds the Internal Revenue Code compensation or contribution limits under the qualified retirement plans, any Company contributions limited under the qualified retirement plans will be restored under the Non -QualifiedDeferred Compensation Plan. The plan is intended to constitute an unfunded plan primarily for providing deferred compensation to a select group of management or highly compensated employees. Unless otherwise specified, participants vest in company contributions under a five -yeargraded vesting schedule and are eligible to receive distributions pursuant to the participant’s election under the plan. The assets of the plan are subject to the claims of our creditors in the event of insolvency until paid to the plan participants and their beneficiaries. The following table provides information regarding contributions, earnings, and balances for our NEOs on a basis that is not tax -qualified. Under the plan, no Company “match” is currently made on amounts deferred, amounts are fully vested after five years of service, and the Company does not provide any opportunity for above -marketor preferential earnings, nor does it provide a minimum internal rate of return.

| Name                 |     | Plan                                     |     |     Executive 
 Contributions 
       in 2024 
           ($) |     |       Company 
 Contributions 
    in 2024(1) 
           ($) |     |  Aggregate 
   Earnings 
 in 2024(2) 
        ($) |     |     Aggregate 
  Withdrawals/ 
 Distributions 
       in 2024 
           ($) |     |  Aggregate 
 Balance at 
 12/31/2024 
        ($) |
| Michael J. Alexander |     | Non-Qualified Deferred Compensation Plan |     |        52,759 |     |             — |     |    309,935 |     |       273,687 |     |  2,239,407 |
| Seth C. Daggett      |     | Non-Qualified Deferred Compensation Plan |     |             — |     |        49,514 |     |      6,461 |     |             — |     |    100,245 |
| Patrick W. Duncan    |     | Non-Qualified Deferred Compensation Plan |     |        29,773 |     |             — |     |     58,970 |     |       139,961 |     |    313,623 |
| Cindy L. Launer(3)   |     | Non-Qualified Deferred Compensation Plan |     |             — |     |             — |     |          — |