CRANE CONSTRUCTION COMPANY, LLC

who meet the eligibility requirements may contribute additional amounts (age 50 catch-up contributions and age 60 to 63 super catch-up contributions), which are not eligible for a Company matching contribution. Contributions are invested in the Plan investment options selected by the participant and are subject to certain Code limitations. The Company contributes on a matching basis 50 % of the first 6 % of each participant’s pre-tax or Roth after-tax contributions. In accordance with the Code, participant pre-tax and Roth after-tax contributions could not exceed $23,500 in 2025 and $23,000 in 2024. Pre-tax catch-up contributions could not exceed $7,500 in 2025 and 2024. Consistent with the requirements of SECURE 2.0 Act of 2022, participants between ages 60 and 63 were eligible to make ca

to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Vesting — Participant contributions plus actual earnings thereon are immediately vested. Vesting for matching and non-matching Company contributions generally is as follows: Years of Service Vested Interest Less than 1 year None 1 year but fewer than 2 20 % 2 years but fewer than 3 40 % 3 years but fewer than 4 60 % 4 years but fewer than 5 80 % 5 years or more 100 % Participants whose employment terminates by reason of death, permanent disability or retirement are fully vested. Participants also are fully vested upon the attainment of age 65 . Certain accounts that were merged into the Plan from other plans are subject to different vesting schedules. Forfeited Accounts — When cer

itions, as of December 31, 2025, U.S. employees of the Company and its participating subsidiaries are eligible to participate in the Plan. Each new or rehired eligible employee is automatically enrolled in the Plan, unless the employee affirmatively opts out of participation, at a pre-tax deferral rate of 3 % of the employee’s eligible compensation. An employee who is automatically enrolled may affirmatively elect a different rate or to make all or a portion of his or her deferrals on a Roth after-tax or after-tax basis. Automatic contributions are invested in the Vanguard Target Retirement Fund option with a target retirement date closest to the year in which the participant will reach age 65 , unless the participant affirmatively elects to invest his or her deferrals in one or more of th

ibutions and related matching and non-matching Company contributions and Plan earnings. Participant accounts are also charged with withdrawals and an allocation of Plan losses and administrative fees that are paid by the Plan. Allocations are based on participant earnings or account balances. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account. Vesting — Participant contributions plus actual earnings thereon are immediately vested. Vesting for matching and non-matching Company contributions generally is as follows: Years of Service Vested Interest Less than 1 year None 1 year but fewer than 2 20 % 2 years but fewer than 3 40 % 3 years but fewer than 4 60 % 4 years but fewer than 5 80 % 5 years or more 100 % Participants w

contributions and will have attained age 50 before the close of the Plan year to make elective catch-up deferrals. The maximum catch-up deferral was $7,500 for the 2025 Plan year. Employer Matching Contributions Each Employer may elect to provide matching contributions on behalf of participants employed by such Employer, equal to a percentage of such participant’s pre-tax and Roth deferral contributions up to a specified percent of the participant’s annual eligible compensation as provided under the Plan or as adopted by the Employer and approved by the Committee. All matching contributions are made in cash to the participant’s matching contribution account and invested as directed by the participant. 4 Profit Sharing/Retirement Contributions The Employer, in its sole discretion and subjec

bution, if eligible. Vesting A participant’s interest in their pre-tax and Roth deferral accounts, matching contribution account, rollover account and ESOP account is at all times fully vested and nonforfeitable. A participant’s interest in a profit sharing/retirement contribution account is 100 % vested after completing three years of vesting service. A year of vesting service means a plan year in which the participant is credited with at least 1,000 hours of service. Participant accounts are valued on a daily basis. Distributions and Withdrawals The amount credited to participant accounts shall become payable to the participant or the participant’s beneficiary/beneficiaries, as applicable, upon death, retirement, disability or other termination of employment with the Employers. The distr

ntribution, which was $23,500 for the 2025 Plan year. The Plan provides an automatic 6 % deferral election feature and an automatic deferral escalation feature, which increases an automatically enrolled participant's deferral percentage by 1 % annually until the participant's deferral percentage reaches 15 %, unless the participant opts out or changes their deferral election. Additionally, the Plan allows a participant who is eligible to make deferral contributions and will have attained age 50 before the close of the Plan year to make elective catch-up deferrals. The maximum catch-up deferral was $7,500 for the 2025 Plan year. Employer Matching Contributions Each Employer may elect to provide matching contributions on behalf of participants employed by such Employer, equal to a percentage

ers 8,186,262 Participants 13,252,799 Participant rollovers 3,519,100 Total contributions 24,958,161 Total additions 57,012,131 Deductions: Distributions - participants 21,677,272 Administrative expenses 227,223 Total deductions 21,904,495 Net increase in net assets available for benefits prior to Plan transfers 35,107,636 Plan transfers 1,795 Net increase in net assets available for benefits after Plan transfers 35,109,431 Net assets available for benefits at beginning of period 194,545,051 Net assets available for benefits at end of period $ 229,654,482 The accompanying notes are an integral part of these financial statements. 3 Everus 401(k) Plan Notes to Financial Statements As of December 31, 2025 and 2024, and for the Year Ended December 31, 2025 Note 1 - Description of the Plan The