2023 Committees' Annual Report

■ The following documents were shared with Employee Owners: ○ Quarterly Statements ○ 2022 Annual Report ○ 401K Plan Safe Harbor Notice, ERISA 404 Notice, Investment Information and 2023 Contribution Limits. 2024 IRS Retirement account limits – deferral and catch-up contributions for 2024 will be $23,000 and $7,500. ■ Overall Plan Value increased from $46.2M Q4-2022 to $47.7M Q3 2023 (As of September 30, 2023) – 3% overall increase based on market performance. ■ Employee participation rate is approximately 85%. (Plans in our industry typically have a 64.6% participation rate.) As of November 20, 2023, 315 Employee Owners are contributing with an average deferral rate of 9.9%. ■ Expense Ratio is currently at 0.67 which is below the Peer Average Expense Ratio of 0.78. ■ Effective March 12, 2023, the following two new categories were added to the Plan Options, Natural Resources and Utilities, allowing participants to have more fund options. 1. Specialty - Natural Resources BNY Mellon Natural Resources I - DLDRX 2. Specialty - Utilities MFS Utilities R4 - MMUHX ■ Effective October 2023, BL’s fixed investment fund, PFIGO Primary Vintage, has been earmarked for replacement with a more attractive money market account, PGO. After the required 12-month waiting period, funds will automatically be transferred into this new fund.

COMMITTEE MEMBERS

Mina Almengor (C) Karen Benoit Patrick Clark Anthony Guarnieri

Sam Haydock Michael Kurker Clare Olesen Evan Silberquit Brad Wolf FINANCIAL ADVISOR Patrick Clark

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