THE MURPHY OIL CORPORATION 401(K) PLAN Contribution & Employer Match

THE MURPHY OIL CORPORATION 401(K) PLAN Average Participant Retirement Account Value

THE MURPHY OIL CORPORATION 401(K) PLAN Estimated Average Employee Contribution Amount

• A participant may have the following Plan accounts to which amounts may be allotted by the participant or contributed by the Company, with limitations as indicated.
• Salary Deferral Account – participant’s allotments up to a maximum of 25% of base pay for the year, but not to exceed $23,000 annually in 2024.
• Catch-Up Contribution Account – participant’s allotments for all eligible employees who have attained age 50 before the close of the Plan year and are contributing the maximum pre-tax amount permitted by the Plan, up to a maximum of 75% of base pay for the year, but not to exceed $7,500 for 2024.
• As of October 2, 2023, employees are automatically enrolled in the Plan to make Salary Deferral Contributions effective 35 days after the date of hire provided that notice of such enrollment is provided at least 30 days prior to such enrollment.
• The employee automatically enrolled in the Plan shall be deemed to have elected to defer, as Salary Deferral Contributions to the Trust Fund, in an amount equal to the 6% of the Participant’s Compensation for each pay period that occurs on or after the automatic enrollment date unless a new election becomes effective.

• Matching Employer Contribution Account – Company contributions, dollar-for-dollar, based on the participant’s allotments, up to a maximum of 6% of base pay including overtime, made to the Salary Deferral Account.