PLAN DESIGN | PLANSPONSOR BEST IN CLASS 401(k) PLANS Final Steps Measures of Success BIC plans are always looking for ways to reduce costs, expand coverage and improve outcomes. l Best in Class 401(k) plans l All other 401(k) plans Leverages Re-Enrollment 49% 35% 11% 5 years ago 3 years ago Ensures Fee Equalization 80% 69% 60% 6.5% 41% 29% 21% 5 years ago 3 years ago 1 year ago Provides Income Creation Options 91% 87% 74% 61% 49% 39% 5 years ago 3 years ago 1 year ago Offers Health Savings Accounts 83% 78% 72% 43% 29% 47% 5 years ago 49% 46% 3 years ago 1 year ago 47% 2022 5 years ago 20% 3 years ago 1 year ago 2022 40% 35% 35% 89% 2022 5 years ago 3 years ago Retirement Confidence 62% 60% 1 year ago 2022 52% 56% 50% 51% 54% 48% 2022 5 years ago 3 years ago 1 year ago 2022 >75% of Participants Maximizing Match 81% 79% 79% 80% 47% 46% 9.2% 8.9% 6.8% 9.3% 9.0% 7.4% 7.2% 32% 21% 14% 11% 1 year ago 2022 5 years ago 3 years ago Deferral Rate 1 year ago 2022 53% Bolstered by thoughtful plan design, BIC plans often outperform their peers in common measures of success. l Best in Class 401(k) plans l All other 401(k) plans Participation Rate 95% 94% 79% 80% 94% 94% 80% 79% PLANSPONSOR.COM April - May 2022 27http://www.PLANSPONSOR.COM