Page 128 - DCAC Feb 2026 Files

Investment strategy utilization As of 12/31/2025

Overview
The investment strategy

Participants by strategy Participant assets by strategy utilization is based on all
participants that have a balance
greater than $0. Each participant
is assigned a single investment
strategy to provide insights on
how investment options,
features, and services are being
utilized.

When a participant is assigned a
strategy, 100% of their balance is
grouped within that strategy
even if they have a diverse
investment mix. Additionally,
each participants’ strategy is
reevaluated and assigned every
month so a participant may
move in and out of the different
strategies from month to month.

For the full list of investment
strategies and their definitions,
please refer to the glossary.

FOR FINANCIAL PROFESSIONAL AND PLAN SPONSOR USE ONLY. ©2026 EMPOWER, LLC. ALL RIGHTS RESERVED. 776970-01 San Mateo County Deferred Compensation Plan 19