THE NEWMARK SCHOOL, INC.

age 50 and over to make catch-up contributions of up to $ 7,500 for both 2025 and 2024. In addition, there are other limitations set forth in the IRC, which the Plan must satisfy. Matching Contributions — Effective January 1, 2021, the Company makes matching contributions (“Match Contributions Account”) to be allocated to Match Eligible Participants (as defined below) who participate in the Plan and are actively making contributions, including Roth contributions. Matching contributions by the Company are paid in the first quarter following the Plan year. A “Match Eligible Participant” is a participant who: (a) is an employee of the Company employed in a role other than that of a broker or originator; (b) does not have compensation (without regard to the Code Section 401(a)(17)(B) limit) in

ceiving a Client-Site matching contribution. In the first year, and every year thereafter, if a participant is a Match Eligible Participant, he or she is eligible to receive a 20% fully vested matching contribution, and an additional 20% each year, up to 3% of his or her cash compensation up to $150,000, per 6 year, receiving 100% by the fifth year. The matching contribution is based on the percentage of compensation contributed by each Match Eligible Participant. Each Match Eligible Participant’s matching contribution is invested the same way as the participant’s investment elections. If a participant does not elect an investment option, all contributions are invested in the Moderate Risk Retire View Model based on the participant's age. The total annual match Newmark made to the Plan for

n) and (e) non-resident aliens who receive no earned income from U.S. sources. Eligibility begins the first day of the following month after these requirements are met or by being automatically enrolled. Participant Contributions — Each eligible employee will automatically be enrolled in the Plan to make a 6 % pre-tax contribution to the Plan unless and until the eligible employee elects otherwise. Eligible employees may elect to contribute from 1 % to 80 % of their compensation to the Plan in the form of pre-tax contributions, Roth contributions, and/or after-tax contributions. The combined amount of a participant’s pre-tax and Roth contributions may not exceed a statutory limit of $ 23,500 and $ 23,000 for 2025 and 2024, respectively, subject to adjustment in future years for cost-of-liv

Other income: Interest on notes receivable from participants 394,033 Total other income 394,033 Total additions $ 88,486,463 Deductions: Distributions to participants $ 30,560,195 Administrative expenses 491,206 Total deductions 31,051,401 Net increase in net assets available for benefits 57,435,062 Net assets available for benefits, beginning of period 284,761,160 Net assets available for benefits, end of period $ 342,196,222 The accompanying notes are an integral part of these financial statements. 5 NEWMARK 401(k) PLAN Notes to Financial Statements (1) Description of Plan The following description of the Newmark 401(k) Plan (the “Plan”) provides only general information. Participants should refer to the Plan document and the Plan’s summary plan description for a more complete descriptio