Page 182 - DCAC Nov 2025 Files

Glossary of terms

Subject Description

Balances Participant assets is the summation of all participant balances. (Excludes any loan balances). Plan assets is the summation of all plan balances such as
forfeitures. Total assets is the summation of all participant and plan balances.

Benchmarks The benchmarks are based on the recordkeeping system book of business and are updated monthly. The benchmarks reflect the median of individual plan
results for a population of similar plans based on the combination of plan type and plan assets. The plan type categories are: 401(k), 403(b), 401(a), 457, and all
other plan types combined. The plan assets ranges are: <$5M, $5M - $10M, $10M - $25M, $25 - $50M, $50M - $500M, and >$500M.

Cash flow Cash flow illustrates the inflows and outflows of dollars from the plan by all actively employed and separated from service participants. The difference in the
beginning balance and the ending balance is the result of adding and subtracting the following cash flow activity events: Contributions, disbursements,
participant fees, loans issued, loan payments, transfers, adjustments, dividends, and gain/loss to reflect the ending balance.

Contribution Contribution activity reflects all new participant account money such as: contributions via payroll, one-time contributions, employer contributions, and rollovers.
activity Contributions are illustrated as participant and employer funded. Participant contributions are further broken down by before-tax, Roth, and after-tax
contributions when applicable. The contribution activity will match the contribution totals illustrated on the Cash Flow slide.

Distribution Distributions are based on actively employed and separated from service plan participants. The distribution categories are derived from the methods in which
activity assets are removed from the plan. The possible categories are: Deminimis, Hardship, Death, Housing allowance, In-service, QDRO, Required minimum
distributions (RMD), Separation of service, Service credits, CARES Act, SECURE Act and Other*.

*”Other” is a combined category for infrequently used distributions such as but not limited to: contract exchanges, disability, 1035 exchanges, defined benefit
payout, dividend payment, early distribution penalty, transfer to an IRA, Roth conversions, etc. The category also includes transaction reversals.

Loans Overall loan insights reflect both general purpose loans and principal residence loans. Loans belonging to both actively employed and separated from service
plan participants are included. Active loans in default are included.

The total amount of outstanding loans includes any loans that were issued during the month of the reported month-end. The average loan balance is calculated
by dividing the total of all active and outstanding loan balances by the total number of active and outstanding loans. The percent of participants with a loan is
calculated by dividing the number of participants with at least one active and outstanding loan by all participants with a balance greater than $0.

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