NEW RESEARCH Industry Report Data Available From PLANSPONSOR The 2022 Industry Reports feature proprietary data collected in late 2021 by PLANSPONSOR in its annual Defined Contribution Survey. The reports highlight various plan design features and outcomes from approximately 50 industries. 2022 Defined Contribution Plan Industry Report Financial Services Email Robert.Reif@issmediasolutions.com for additional information. Does your organization have an investment committee for the DC plan? All Industries Overall <$5MM Yes - committee includes only INTERNAL employees Yes - committee includes only people EXTERNAL to our company Yes - committee includes a MIX OF INTERNAL AND EXTERNAL people Yes - but unsure of composition of investment committee No - plan does not have an investment committee Unsure / Don't Know $5MM - $10MM >$50MM$200MM >$200MM$1B >$1B Overall <$5MM $5MM - $10MM Financial Services >$50MM$200MM >$200MM$1B >$1B 39.4% 19.7% 40.3% 48.9% 58.1% 67.9% 61.1% 45.0% 52.2% 100.0% 69.2% 75.0% 1.9% 2.2% 1.8% 1.7% 0.9% 2.8% 1.4% 0.0% 0.0% 0.0% 0.0% 12.5% 29.4% 15.6% 34.4% 43.8% 34.2% 26.4% 15.3% 15.0% 21.7% 0.0% 15.4% 12.5% 0.9% 0.5% 1.0% 1.1% 0.9% 0.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 22.3% 49.3% 17.8% 3.4% 1.7% 1.9% 18.1% 35.0% 21.7% 0.0% 7.7% 0.0% 6.1% 12.7% 4.7% 1.1% 4.3% 0.0% 4.2% 5.0% 4.3% 0.0% 7.7% 0.0% For TKTKtk use only. Source: PLANSPONSOR Defined Contribution Survey, 2021. Valid until December 2022. 91 What percentage of active participants are deferring enough salary to take full advantage of the maximum employer match? All Industries Overall <$5MM All or nearly all participants (90% or more) More than average (more than 50% but less than 75%) Less than average (more than 25% but less than 50%) A minority (between 10% and 25%) Very few (<10%) Unsure/Don't Know $5MM - $10MM >$50MM$200MM >$200MM$1B >$1B Overall <$5MM Financial Services $5MM - $10MM >$50MM$200MM >$200MM$1B >$1B 28.7% 39.9% 22.6% 24.3% 23.3% 35.6% 40.8% 63.6% 26.7% 33.3% 30.0% 66.7% Vast majority (75% or more) 23.3% 17.4% 22.8% 29.7% 24.4% 29.9% 23.3% 17.4% 22.8% 29.7% 24.4% 29.9% 23.1% 14.7% 25.7% 25.7% 32.2% 23.0% 23.1% 14.7% 25.7% 25.7% 32.2% 23.0% 10.7% 8.5% 12.9% 9.5% 14.4% 5.7% 10.7% 8.5% 12.9% 9.5% 14.4% 5.7% 3.8% 5.4% 4.2% 4.7% 0.0% 0.0% 3.8% 5.4% 4.2% 4.7% 0.0% 0.0% 2.9% 5.8% 2.6% 1.4% 0.0% 1.1% 2.9% 5.8% 2.6% 1.4% 0.0% 1.1% 7.5% 8.1% 9.2% 4.7% 5.6% 4.6% 7.5% 8.1% 9.2% 4.7% 5.6% 4.6% For TKTKtk use only. Source: PLANSPONSOR Defined Contribution Survey, 2021. Valid until December 2022. 54 What is the approximate average asset-weighted expense ratio of all investment options in your plan? All Industries Overall <$5MM Less than 0.25% (25 bps) 0.25-.50% (25-50 bps) 0.50-.75% (51-75 bps) 0.75%-1% (76-100 bps) 1%-1.5% (101-150 bps) More than 1.5% (more than 150 bps) Unsure / Don't Know $5MM - $10MM >$50MM$200MM >$200MM$1B >$1B Overall <$5MM Financial Services $5MM - $10MM >$50MM$200MM >$200MM$1B >$1B 18.0% 10.4% 16.5% 17.2% 24.6% 47.5% 22.9% 19.0% 22.7% 28.6% 0.0% 57.1% 26.1% 17.9% 24.7% 33.9% 42.1% 32.3% 31.4% 42.9% 13.6% 14.3% 58.3% 28.6% 12.8% 9.3% 15.3% 18.4% 14.0% 3.0% 18.6% 28.6% 18.2% 14.3% 16.7% 0.0% 4.4% 4.0% 6.2% 3.4% 1.8% 2.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 2.0% 3.2% 2.3% 0.6% 0.9% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.2% 0.3% 0.0% 0.0% 0.0% 1.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 36.5% 54.9% 35.1% 26.4% 16.7% 14.1% 27.1% 9.5% 45.5% 42.9% 25.0% 14.3% For TKTKtk use only. Source: PLANSPONSOR Defined Contribution Survey, 2021. Valid until December 2022. 67