LITTLE HOUSE FOR LITTLE PEOPLE

compensated Plan participants. The Plan permits rollover contributions, including Roth rollovers, from other qualified plans; however, rollover contributions are not eligible for Company matching contribution. Participants can direct their contributions to any of the Plan’s investment options and may generally change their investment options daily. Employees who are 18 years of age or older are eligible to participate upon commencement of service (as defined in the Plan document). All newly hired (and rehired) employees are automatically enrolled in the Plan, wit h pre-tax contributions of 6 % of th eir eligible compensation (as defined in the Plan document) through payroll deductions commencing approximately 90 days from the date of their first pay period. Such deductions are automatical

t participant’s account. The Plan benefit to which each participant is entitled is the vested portion of each relevant participant’s account. Vesting Participant contributions are fully vested at the time of contribution. Company matching contributions (plus earnings thereon) vest after two years of credited service. In the event plans are merged into the Plan, Company matching contributions may vest over different periods based upon the terms of the merged plans. In these cases, participants would refer to the applicable Plan amendments for a complete description of applicable vesting provisions. Forfeitures Company matching contributions that do not vest are forfeited. Forfeitures are first made available to reinstate previously forfeited account balances of qualifying participants who h

Employees who are 18 years of age or older are eligible to participate upon commencement of service (as defined in the Plan document). All newly hired (and rehired) employees are automatically enrolled in the Plan, wit h pre-tax contributions of 6 % of th eir eligible compensation (as defined in the Plan document) through payroll deductions commencing approximately 90 days from the date of their first pay period. Such deductions are automatically directed into the T. Rowe Price Retirement Active B Fund based on the Plan participant's expected year of retirement. Plan participants who have: (i) elected to contribute 0 % of their eligible compensation, will have their contributions automatically increased annually to pre-tax contributions of 6 % of their eligible compensation and (ii) elect

Participant rollovers 9,911,785 Total contributions 101,647,216 Total additions 361,489,088 Deductions from net assets attributed to: Benefits paid to participants ( 174,847,104 ) Administrative expenses ( 667,704 ) Total deductions ( 175,514,808 ) Net increase 185,974,280 Net assets available for benefits—beginning of year 1,573,567,743 Net assets available for benefits—end of year $ 1,759,542,023 See accompanying Notes to Financial Statements. 5 Table of Contents IAC Inc. Retirement Savings Plan Notes to Financial Statements Note 1— Description of the Plan The following description of the IAC Inc. Retirement Savings Plan (the "Plan") provides only general information. Participants should refer to the Summary Plan Description for a more complete description of the Plan’s provisions. Gener