2023 Recordkeeping Survey - Industry Snapshot of recordkeepers offer multiple 43.5% service models Plan Tenure With the Provider l <5 years 13% l 5 - 8 years l >8 years Plan Asset Sizes l <$5mm l $5mm - $25mm From 2013 to 2023, DC plan assets grew 114% l >$25mm - $50mm l >$50mm - $200mm l >$200mm - $1b l >$1b 33% 54% 7% 9% 4% 10% 17% 53% Total Defined Contribution Plan Assets, by Plan Type $10.35t $10t $9.43t $8t $6.11t $6t $4.60t $4t l Nonqualified deferred compensation $173b $2t l State-sponsored† $8b l Other $908b $0 2013 2015 2017 2019 2021 2022 *A qualified retirement plan combining an employee stock ownership plan with a 401(k). † 2023 These plan types were not broken out in previous surveys. $6.08t $7.12t l 401(k) $6.43t l 403(b) $1.28t l 457 $493b l Money purchase/ Profit sharing $341b l Employee stock ownership plan/KSOP*† $200b $9.83t 32 PLANSPONSOR.COM July - August 2023http://www.PLANSPONSOR.COM