NEW RESEARCH New Plan Benchmarking Data Available Soon! Our 2023 Industry Reports feature proprietary data collected by PLANSPONSOR in its annual Defined Contribution Survey. The reports highlight various plan design features and outcomes from approximately 50 industries. You can leverage the PLANSPONSOR Industry Reports* to: · Build trust with advisers and provide new tools to your staff and network · Compare plan design with peers and competitors, and improve fiduciary oversight · Add value to your clients by posting on your website behind registration Reserve your reports now for late December delivery! 2023 Defined Contribution Plan Industry Report Financial Services For additional information, email Robert.Reif@issmediasolutions.com *Subject to usage terms/compliance in licensing agreement. 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