ERS is an investment management firm registered as an investment adviser with the SEC since 2013. ERS provides investment management and investment advisory services to retirement plan sponsors (“Plan Sponsors”) for use with the Plan Sponsors’ employer-sponsored benefit plans (each a “Plan”). As of December 31, 2023, ERS had $14.3 billion in discretionary assets under management (“AUM”) across over 4,900 plans. ERS is a wholly owned subsidiary of its parent company, Envestnet, Inc. (NYSE: ENV), a publicly held company. The Programs Plan Sponsor Fiduciary Services ERS provides certain services to Plans, including 401(k), 403(b), 457, and 401(a) Plans, Profit Sharing Plans, VEBAs, Defined Benefit Pension Plans, Cash Balance Plans, and HSA Plans. When acting as a fiduciary, ERS acts in accordance with the Investment Advisers Act of 1940, as amended (“Advisers Act”) and for Plans subject to the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”), ERS will act as either a 3(21) non-discretionary advisor or a 3(38) investment manager. In providing Plan Sponsor Services, ERS acts with the care, skill, prudence, and diligence that a prudent person, acting in the same capacity and with the same information, in a similar situation would utilize. For Plans not subject to ERISA, ERS will act to the standard of ERISA. Plan Sponsors are able to select from a variety of services within the Program. Within the Program, ERS provides the responsible Plan fiduciary with an investment policy statement (“IPS”) template. The goal of the IPS is to define processes and metrics used to evaluate the menu of investments which allows for the construction of diversified portfolios. ERS will review a Plan’s current investment alternatives using quantitative and qualitative analysis on a quarterly basis in order to determine the appropriateness of a Plan’s investment options. ERS will provide a quarterly communication to the Plan Sponsor confirming that the Plan investment option review resulted in either (1) a recommendation to maintain the existing Plan investment options, or (2) a recommendation (when acting as a non-discretionary fiduciary) or a change instruction (when acting as a discretionary manager) to replace one or more of the Plan investment options with an alternative investment. Discretionary Fiduciary Services In the “Discretionary Fiduciary Services” ERS acts as an “investment manager” (as defined in Section 3(38) of ERISA for Plans subject to ERISA) with respect to the performance of discretionary fiduciary services. In the Discretionary Fiduciary Services, ERS reviews the investment options available through a Plan and notifies the Plan’s recordkeeper of its instructions to add, remove and/or replace specific “core” investment options offered to Plan participants, according to the criteria set forth in the IPS. ERS retains final decision-making authority with respect to removing and/or replacing investments in the core lineup, and communicates instructions to the appropriate third-party, including the Plan’s recordkeeper, custodian, and/or third-party administrator to facilitate investment changes. Non‐Discretionary Fiduciary Services In the “Non-Discretionary Fiduciary Services,” ERS acts as a fiduciary “investment adviser” as defined in Section 3(21) of ERISA. Unlike the Discretionary Fiduciary Services, in the Non-Discretionary Fiduciary Services, the Plan Sponsor has responsibility for the final decision-making authority with respect to removing and/or replacing Plan investments. ERS does not have any responsibility to communicate instructions to any third-party, including the Plan’s recordkeeper, custodian, and/or third-party administrator. Custom Asset Allocation Services Plan Sponsors can also elect for ERS to provide diversified asset allocated portfolios. If selected, ERS acts as an “investment manager” (as defined in Section 3(38) of ERISA for Plans subject to ERISA) with respect to the construction and performance of the portfolios. ERS constructs portfolios based on the funds available to the Plan on the recordkeeping or custodial system and is not responsible for advising on the funds available within the Plan unless ERS has been retained by the Plan Sponsor to provide Discretionary Fiduciary Services. ERS retains final decision-making authority with respect to asset allocations of the portfolios and will make adjustments when necessary. The Plan Sponsor is relieved of any responsibility to communicate instructions to any third-party, including the Plan’s recordkeeper, custodian and/or third-party administrator. ERS RIA to RIA Fiduciary Services In providing the ERS RIA to RIA Fiduciary Services, ERS acts as a fiduciary and offers “investment advice” as defined in Section 3(21) of ERISA to other registered investment advisers (“RIAs”) through fund line-up recommendations. The RIA and/or Plan Sponsor has responsibility for the final decision- making authority with respect to removing and/or replacing Plan investments. ERS does not have any responsibility to communicate instructions to the Plan Sponsor or any third-party; ERS shall be limited to providing investment recommendations to the RIA. Limitations to Plan Sponsor Services ERS does not make recommendations for the

use of any specific recordkeeper but will provide information regarding the recordkeepers that ERS has established relationships. ERS is limited to the investment options available through the Plan recordkeeper’s platform and does not have the authority, expectation, or obligation to select any investment options that are not available through the Plan recordkeeper’s platform. The Plan Sponsor is solely responsible for determining the selection of the recordkeeper and for the share classes available to the Plan. ERS does not act as, nor has ERS agreed to assume the duties of, a trustee or the “Plan Administrator,” as defined by ERISA. ERS has no discretion to interpret the Plan documents, to determine eligibility or participation under the Plan, to provide participant disclosures or communications, to ensure contributions are timely received by the Plan, or to monitor overall fees of the Plan or exercise any other action with respect to the management, administration, or any other aspect of the Plan. ERS does not provide advisory services related to the following types of assets: employer securities (including derivatives of such); real estate (except for real estate funds and publicly traded REITs); self-directed brokerage accounts; participant loans; non-publicly traded partnership interests; other non-traded securities (other than mutual funds, collective investment trusts and similar vehicles); or other hard-to-value securities or assets. Plan Participant Fiduciary Services ERS offers plan participants services in conjunction with recordkeeping services offered to Plans from Empower Annuity Insurance Company of America (“Empower”). If selected by the Plan Sponsor, a plan participant may receive advisory services from ERS through a one-time, non-discretionary recommendation (“Online Advice”) or through actively managed, personalized investment portfolios (the “Managed Account Service”). Online Advice Online Advice is a one-time, non-discretionary recommendation of a personalized investment portfolio. The recommended investment portfolio is based on information drawn from the plan participant’s account profile. ERS’s non-discretionary recommendation is confined to an allocated portfolio composed of collective investment trusts that are sub-advised by ERS (“ERS CITs”). ERS does not charge a fee in connection with the Online Advice. Managed Account Service A Plan Sponsor may also select to have ERS provide the Managed Accounts Service to plan participants. Through the service, ERS provides an actively managed, personalized investment portfolio composed of ERS CITs that reflects a participant’s retirement timeframe, life stages and overall financial picture. ERS does not provide advice for, recommend allocations of, or manage assets held outside a participant’s account. Under the Managed Account Service, ERS has discretionary authority over allocating your assets among the ERS CITs without your prior approval of each transaction. ERS’s Managed Account Services are confined to an allocated investment portfolio composed of ERS CITs. ERS does not provide advice for, or recommend allocations of, self-directed brokerage accounts, employer-directed monies, or any other investment options, even if they are available for investment in the plan. Upon commencing the Managed Account Service, a participant’s balances in any of these investments may be liquidated, subject to the participant’s Plan restrictions. ERS has retain Empower Advisory Group, LLC (“EAG”), a registered investment adviser and wholly owned subsidiary of Empower Annuity Insurance Company of America to act as a subadvisor for the Managed Account Service. Plan Sponsors currently only make the ERS Managed Account Service available as an opt-out feature, meaning that a participant is automatically enrolled in the Managed Account Service at the age established by the Plan Sponsor unless the participant affirmatively opt-outs of the Managed Account Service. A participant may also elect to opt-in prior to the designated age. The Managed Account Service is geared toward participants who wish to have an investment professional select and manage their retirement accounts for them. Please refer to Item 5 below for information about fees charged for the Managed Account Service. Sub‐Advisory Investment Management Services Collective Investment Trusts ERS provides sub-advisory investment management services (including but not limited to asset allocation, and capital market assumptions) to certain Collective Investment Trusts (“CITs”). These CITs are sponsored by unaffiliated trust companies and are exempt from registration under the Investment Company Act of 1940, as amended. ERS has been hired by the trust companies to select the underlying constituents within the CITs, and for ongoing management. ERS does not directly offer CITs; these products are available to the Plans through the unaffiliated trust companies. For information regarding a CIT that utilizes ERS as a subadvisor please consult the offering documents and/or disclosure documents for the CIT in question. Access to CITs is limited to certain qualified individuals and organizations. ERS does not receive a fee for its sub-advisory management services to CITs. Remainder of this page intentionally left blank.