Page 399 - DCAC Feb 2026 Files

Docusign Envelope ID: 85996917-6BEE-4FAB-81B1-158917754832

3. To maximize return within reasonable and prudent levels of risk by providing investment options which
cover a broad range of risk and return characteristics.

4. To control costs of the administration and investments of the Plans.

5. To undertake all transactions solely in the interest of the participants and beneficiaries.

6. To enable participants to exercise investment control over their individual investments.

7. To make investment education available to participants.

The Committee will rely on the Plan Sponsor and/or the Plan’s recordkeeper to oversee communication to
employees and participants that they control their own investments and to provide communication materials,
including fund prospectuses and ongoing educational materials, intended to assist participants in making
informed investment decisions.

It is intended that this IPS be reviewed periodically and updated as necessary. It is not expected that the IPS will
change frequently. In particular, short-term changes in the financial markets should not require adjustments to
the IPS.

II. Responsibilities

The Committee is responsible for the prudent administration of this IPS with specific responsibilities that include
design of the Plans’ investment options; establishing investment policy objectives and guidelines; prudent
selection of funds to be offered; and ongoing monitoring. The Committee may contract with a consultant to
assist in these responsibilities.

A. Delegation of Authority by the Committee

The Committee is a fiduciary and is responsible for providing the investment framework and for monitoring the
investment management of the Plans. As such, the Committee is authorized to delegate certain responsibilities
to professional experts in various fields. These may include, but shall not be limited to:

1. Funds and Fund Managers. Each fund manager will have discretion to purchase, sell, or hold specific
securities or products that will be used to meet the investment objectives. The Committee, with the
assistance of the Investment Management Consultant, will monitor and review each fund's achievement
of the objectives for which it was selected.

2. Investment Management Consultant. This consultant may assist the Committee in establishing
investment policy, objectives, and guidelines; selecting funds and fund managers; reviewing such funds
and fund managers over time; measuring and evaluating investment performance; and other tasks as
deemed appropriate. The Investment Management Consultant is required to be a co-fiduciary.

3. Recordkeeper / Third Party Administrator (TPA). A recordkeeper will track individual participant
balances and process participant contributions, disbursements and transfers. The recordkeeper will
reconcile participant balances with trust account balances to maintain alignment. The
recordkeeper/TPA will also perform testing and produce management reports that ensure the Plans’
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