LNC EMPLOYEES’ 401(K) SAVINGS PLAN Contribution & Employer Match

LNC EMPLOYEES’ 401(K) SAVINGS PLAN Average Participant Retirement Account Value

LNC EMPLOYEES’ 401(K) SAVINGS PLAN Estimated Average Employee Contribution Amount

• Participants may contribute up to 75% of their pre-tax annual eligible compensation, as defined by the Plan, subject to annual individual deferral limitations as determined by the Internal Revenue Service (IRS).
• All newly hired or rehired employees are automatically enrolled in the Plan with pre-tax contributions being made at the rate of 6% of eligible earnings.
• A participant may elect to not participate in the Plan or change the pre-tax contribution rate from 6%.
• A participant may also elect to make Roth 401(k) contributions to the Plan.
• Participants who have attained age 50 before the end of the Plan year are eligible to make catch-up contributions, as determined by the IRS and ERISA.

• The basic Employer match is $1.00 for each $1.00 that a participant contributes each pay period, up to 6% of eligible earnings.
• The Employer Core contribution is 4% of eligible earnings and is contributed to each eligible employee regardless of whether the employee elects to defer earnings into the Plan.

• Participants’ pre-tax contributions, Roth 401(k) contributions, Employer match contributions and earnings thereon are fully vested at all times.
• Participants eligible for the Employer Core contributions are fully vested after two years of service.
• Regardless of years of service, a participant’s unvested interest in their Employer Core contributions shall become fully vested if employment terminates due to death, disability, involuntary termination other than for cause, or on or after attainment of normal retirement age, which is 55.