SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN Contribution & Employer Match

SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN Average Participant Retirement Account Value

SKADDEN ARPS SLATE MEAGHER & FLOM SAVINGS PLAN Estimated Average Employee Contribution Amount

• The aggregate of pre-tax, traditional after-tax, and Roth 401(k) contributions may not exceed 75% of gross eligible compensation (and subject to the relevant IRC limitations).
• Effective for an employee hired or rehired on or after May 1, 2024, other than as a partner, of counsel, summer/winter associate, seasonal employee, or intern, if such employee does not affirmatively elect otherwise, the employee will be automatically enrolled in the Plan at a 5% pre-tax contribution rate.
• Absent the employee’s affirmative election, the deemed election shall be automatically increased by 1% as of the first day of each plan year commencing with the plan year that begins on or after the date that is six complete calendar months after such employee’s automatic enrollment date; provided that, in no case will such deemed elected percentage exceed 12%.

• The employer makes a basic 4% contribution to the Plan for each eligible employee who is not a counsel.
• For each eligible employee who is counsel, the firm makes a basic 3% contribution to the Plan.
• The employer also makes an additional basic 4% contribution to the Plan for each eligible employee who is not a counsel or a designated firm director.

• Participants’ contributions, together with any earnings attributable thereto, vest immediately.
• Participants are also immediately vested in basic employer contributions, together with any earnings attributable to such contributions made on their behalf.
• Participants will become 100% vested in additional basic employer contributions and related earnings upon the completion of three years of service.
• Participants are fully vested if while actively employed they attain age 62, become totally and permanently disabled or pass away.