Page 186 - DCAC Nov 2025 Files

Glossary of terms

Subject Description

Contribution Contribution insights consider regular and catch-up payroll contributions that participants made to before-tax, Roth, and after-tax sources during the month
insights associated with the stated month-end date. The population of participants that are evaluated are those that were eligible as of the stated month-end. This
population of participants differs from those included in the contribution activity reporting as that reporting includes contributions for all participants
regardless of their eligibility status at month-end.

Match behaviors Match behaviors illustrates participants that are eligible for employer match and the different levels at which they are utilizing their available match benefits. It
only includes match benefits where the employer chooses to make an established contribution that is based on the elective contributions that a participant
makes. This excludes non-elective employer contributions that do not require the participant to make a contribution.

Each participant is evaluated against the match rule that individually applies to them as a single plan can have multiple match rules that cover different
populations of eligible participants. The evaluation is based on a participant’s deferral elections on file. Percentage deferral elections are always included and
flat dollar deferral elections are also included when a salary has been provided as a participant’s salary is used to convert their flat dollar deferral election to a
percentage election. Participants with flat dollar deferral elections but without a salary are excluded from the analysis.

Included participants are assigned to one of the following match behaviors:

• Not contributing: Is eligible to contribute and to receive employer matching contributions but does not have a deferral election greater than 0%/$0 on file.
• Missing out: Has a deferral election on file but it is below the amount required to receive the full amount of their available match benefit.
• Meeting the match: Has a deferral election on file that is the same amount that is required to receive the full amount of their available match benefit.
• Exceeding the match: Has a deferral election on file that is higher than the amount required to receive the full amount of their available match benefit.
Rate of return Rate of return is calculated in 1 month intervals based on the opening balance, transaction activity, and closing balance for the month. The calculation is
consistent with the procedures called by the participant website for displaying a participant’s rate of return for a 1 month period. Determining the 1, 3, and 5
year returns is achieved by using an aggregation of the individual monthly rates of return for that period. Only participants with a result across all of the months
in the period are included.

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