The plan has insurance contracts with Aetna Life Insurance Company to pay certain health, dental, and prescription
drug claims incurred under the terms of the plan. The total premiums paid for the plan year ending 12/31/2023 were $379,449.

Plan expenses were $697,728. These expenses included $25,937 in administrative expenses, $281,920 in benefits paid to participants and beneficiaries, and $389,871 in insurance carriers for the provision of benefits. A total of 305 persons were participants in or beneficiaries of the plan at the end of the plan year, although not all of these persons had yet earned the right to receive benefits.

The value of plan assets, after subtracting liabilities was $4,062,234 as of December 31, 2024, compared to $3,705,904 as of January 1, 2024. During the plan year the plan experienced an increase in its net assets of $356,330. This increase includes unrealized appreciation and depreciation in the value of plan assets; that is, the difference between the value of the plan’s assets at the end of the year and the value of the assets at the beginning of the year or the cost of assets acquired during the year. During the plan year, the plan had total income of $1,054,058 including employer contributions of $606, 104, employee contributions of $71,417, investment income of $311, 463, and net investment gain of $65,704.

You have the right to receive a copy of the full annual report, or any part thereof, on request. The items listed below
are included in that report:

1. An accountant’s report.
2. Financial information and information on payments to service providers.
3. Assets held for investment.
4. Insurance information, including sales commissions paid by insurance carriers.

To obtain a copy of the full annual report, or any part thereof, write or call the plan administrator, Kalamazoo College,
at 1200 Academy Street, Kalamazoo, MI 49006 and phone number, 269-337-7248.

You also have the right to receive from the plan administrator, on request and at no charge, a statement of the assets
and liabilities of the plan and accompanying notes, or a statement of income and expenses of the plan and accompanying
notes, or both. If you request a copy of the full annual report from the plan administrator, these two statements and
accompanying notes will be included as part of that report.

You also have the legally protected right to examine the annual report at the main office of the plan: Kalamazoo
College, 1200 Academy Street, Kalamazoo, MI 49006, and at the U.S. Department of Labor in Washington, D.C., or to obtain a
copy from the U.S. Department of Labor upon payment of copying costs. Requests to the Department should be addressed to:
Public Disclosure Room, Room N-1513, Employee Benefits Security Administration, U.S. Department of Labor, 200 Constitution
Avenue, N.W., Washington, D.C. 20210. The annual report is also available online at the Department of Labor website
www.efast.dol.gov.