AWARDS | 2021 PLANSPONSOR BEST IN CLASS 401(k) PLANS Best in Class vs. Other Plans l Best in Class 401(k) plans l All other 401(k) plans First Steps BIC retirement plans need not be expensive. Some effective plan features come with little or no added cost. Has Investment Policy Statement 100% 76% 67% 2017 2019 Offers Eligibility Within 3 Months 100% 100% 94% 57% 53% 58% 2017 61% 2019 Leverages Auto-Escalation 100% 100% 64% 34% 2021 2017 35% 2019 Offers Financial Education 100% 88% 69% 46% 38% 2017 38% 2019 Offers Roth Provisions 97% 97% 83% 98% 73% 67% 2017 2019 2021 32% 2017 2021 46% 2017 2019 Does Quarterly Review of Investments 79% 81% 87% 38% 2019 45% 2021 2021 54% 100% 94% 2021 39% 2021 42% 2017 44% 2019 Offers Immediate Match Vesting 74% 2021 100% 100% 83% 51% Next Steps To better participant outcomes, sponsors may need to invest additional time and capital toward plan oversight. Has Default Enrollment Rate >3% 80% 72% 85% 24 PLANSPONSOR.COM February - March 2021http://www.PLANSPONSOR.COM