NEW RESEARCH New DC Plan Benchmarking Data Available Soon! With input from thousands of employers, the PLANSPONSOR DC Plan Benchmarking Data provides in-depth coverage of DC plan design and investments for 50+ industries. The 100+ page reports* include: · Comparisons by asset size category · Plan types and design features · Auto features · Participation and eligibility · Employer match · Plan investments · Retirement income · Fees / expenses · Defined contribution providers · Plan oversight and administration Order your reports before Thanksgiving for delivery in December! To learn more about this opportunity or about our audience, please contact your sales account manager or Rob Reif at 212-217-6906 | Robert.Reif@issmediasolutions.com 2024 Defined Contribution Plan Industry Report Financial Services *Subject to usage terms/compliance in licensing agreement. PLANSPONSOR.COM November - December 2023 31 Does your plan offer " auto escalation " (i.e., automatic deferral increases)? All Industries Overall Yes - participants are defaulted into auto escalation at time of enrollment Yes - but participation is voluntary and participants must opt in to auto escalation No - plan does not offer auto escalation to participants Unsure 24.8% <$5MM 9.9% $5MM - $50MM 25.7% >$50MM$200MM 39.4% >$200MM$1B 41.0% >$1B 48.9% Overall 32.3% <$5MM 13.6% Financial Services $5MM - $50MM 27.1% >$50MM$200MM 36.4% >$200MM$1B 62.5% >$1B 81.8% 18.8% 13.4% 16.2% 23.9% 32.6% 34.0% 13.1% 18.2% 12.5% 9.1% 12.5% 0.0% 48.8% 61.1% 53.6% 33.8% 23.6% 17.0% 53.1% 68.2% 56.3% 54.5% 25.0% 18.2% 7.6% 15.6% 4.4% 2.8% 2.8% 0.0% 1.5% 0.0% 4.2% 0.0% 0.0% 0.0% 31 Does your organization provide formal financial education/guidance to participants on these topics? All Industries Overall Saving strategies/ prioritization Budgeting tools Financial markets and investing basics Credit/Debt management (excluding student loans/debt) Student loan/debt Home buying College saving Tax/Estate planning 77.3% 64.0% 68.6% 35.0% <$5MM 69.6% 46.7% 63.0% 25.2% $5MM - $50MM 75.2% 56.8% 62.3% 28.3% >$50MM$200MM 79.6% 70.4% 73.5% 36.3% >$200MM$1B 84.0% 84.0% 79.3% 52.0% >$1B 88.6% 91.7% 84.1% 60.6% Overall 77.8% 65.6% 77.8% 43.3% <$5MM 85.2% 59.3% 85.2% 48.1% Financial Services $5MM - $50MM 58.1% 41.9% 64.5% 25.8% >$50MM$200MM 75.0% 62.5% 62.5% 37.5% >$200MM$1B 71.4% 85.7% 85.7% 64.3% >$1B 91.7% 91.7% 83.3% 41.7% 27.0% 20.7% 37.4% 38.5% 15.6% 14.8% 23.3% 27.4% 17.3% 15.3% 31.0% 34.2% 34.1% 28.3% 45.1% 40.3% 46.7% 32.0% 54.0% 52.7% 53.0% 28.0% 60.6% 61.4% 35.6% 34.4% 42.2% 44.4% LIST CONTINUES ON THE PAGE THAT FOLLOWS 33.3% 37.0% 48.1% 44.4% 16.1% 29.0% 25.8% 32.3% 37.5% 37.5% 37.5% 37.5% 57.1% 42.9% 50.0% 57.1% 50.0% 25.0% 58.3% 58.3% 87 What percentage of active participants are deferring enough salary to take full advantage of the maximum employer match? All Industries Overall All or nearly all participants (90% or more) 30.4% Vast majority (75% or more) 25.0% More than average (more than 50% but less than 75%) Less than average (more than 25% but less than 50%) A few (between 10% and 25%) Very few (<10%) Unsure 19.8% <$5MM 39.6% 17.2% 14.9% $5MM - $50MM 27.1% 27.1% 20.7% >$50MM$200MM 19.5% 30.1% 27.0% >$200MM$1B 26.5% 28.8% 22.0% >$1B 36.8% 30.7% 19.3% Overall 37.2% 27.9% 24.4% <$5MM 61.5% 26.9% 3.8% Financial Services $5MM - $50MM 31.0% 17.2% 37.9% >$50MM$200MM 11.1% 33.3% 22.2% >$200MM$1B 38.5% 30.8% 30.8% >$1B 11.1% 55.6% 33.3% 9.4% 8.9% 10.7% 8.8% 6.8% 7.9% 5.8% 7.7% 3.4% 22.2% 0.0% 0.0% 4.9% 3.0% 7.4% 6.2% 5.5% 7.7% 3.6% 2.8% 7.9% 6.6% 0.4% 7.5% 6.1% 1.5% 8.3% 1.8% 0.9% 2.6% 0.0% 0.0% 4.7% 0.0% 0.0% 0.0% 0.0% 0.0% 10.3% 0.0% 0.0% 11.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 53