A Year of Loans and Hardship Withdrawals Just the Facts Loans Hardship Distributions Participants borrowing from their workplace plan increased from Q1 2022 to Q2 2023. 1.9% 56k participants Q1 2022 2.5% 75k participants Q2 2023 Participants with at least one loan in default decreased from Q1 2022 to Q2 2023. 14.3% $460mm Q1 2022 13.9% $450mm Q2 2023 The average loan per participant is down slightly from a year ago. $8,700 Q2 2022 $8,550 Q2 2023 6 planadviser.com | Fall 2023 | Practice Management Participants taking a hardship distribution increased from Q2 2022 to Q2 2023. 0.30% Q2 2022 14,231 Q1 2022 0.52% Q2 2023 Total participants taking a hardship distribution increased from Q1 2022 to Q2 2023. 15,950 Q2 2023 Average participant hardship amount slightly decreased from Q2 2022 to Q2 2023. $5,400 Q2 2022 Source: Bank of America, " Participant Pulse: Tracking the confidence of plan participants " Art by Jam Dong $5,050 Q2 2023http://www.planadviser.com