b'SUPPORTING EMPLOYEE WELLNESSFINANCIAL WELLNESSThehealthandwellnessof Freestyle Checking AccountOceanFirstBankemployeesBankemployeesareeligibleforafree is a top priority. On an ongoingcheckingaccountwithinterest.Allmini-basis,theBankpromotesamum balance fees, check fees, and most work-lifebalanceandflexible otherassociatedfeesarewaived.Tobe work schedules, in addition toeligible for the free services associated with maintaining affordable healthan employee account, the employee must insurancecontributionsandelect direct deposit of their paycheck into sponsoringvariouswellnessthe account.programs. Employee Discount Loan ProgramOceanFirst employees, who have been with the Bank for at least one year, are eligible to PHYSICAL WELLNESS enjoy.Fitnesscenterequipmentincludesfreeparticipate in the Employee Discount Loan Program. The program provides a discount Health and Welfare Benefits weights, exercise machines, cardio machines suchof 1% below the prevailing interest rate on a OceanFirsts comprehensive benefits package astreadmillsandPelotonbicycles,on-demandMortgage Loan, Home Equity Loan, and/or supports the individual needs of our employees.fitnessclasses,andfullyappointedlockerrooms. Home Equity Line of Credit.The Banks health and welfare programs includeIn2021,registeredgymmembersincluded363 three medical plan and two dental plan options,employees and 59 family members. PLANNING FOR THE FUTUREavisionplan,andlifeanddisabilityplans.Our Employees choose the plans that best suit their individual needs and the needs of their families. EMOTIONAL AND SOCIAL WELLNESS 401(k) Retirement PlanOceanFirst provides employees and their house- TheRetirementPlanforOceanFirstBank Paid Time Off (PTO) holdfamilymemberswithaccesstoacompre- features diversified investment options,Paid Time Off (PTO) is necessary for employeeshensiveEmployeeAssistanceProgram(EAP).auto-enrollment after three months of ser-to maintain a work/life balance. OceanFirst grantsTheEAPisaconfidentialcounselingandreferral vice, annual auto-escalation up to 6%, and time away from work in the form of PTO basedservice designed to assist employees in navigat- safe harbor employer match after one year onemployeesyearsofserviceandofficerstatus.ingpersonalorwork-relatedchallengesandlifeof service (up to a maximum 3.5% match Employees are encouraged to use PTO to take aevents. The EAP addresses a wide variety of is- based on the first 6% of employee defer-breakfromthedemandsoftheworkplaceandsues that affect employees mental and emotionalrals). Eligible participants can make pre-tax focus on their personal, physical, and mental health. well-being, such as stress, grief, substance abuseand/or Roth post-tax contributions up to IRS annual limits.Leave of Absence Programs and addiction, depression, anxiety, and marital or OceanFirst supports a variety of leave of absenceparental issues. Employee Stock Ownership Programprograms for personal, medical, family, or militaryThe EAP provides up to six counseling sessionsTheEmployeeStockOwnershipPlan reasons. per issue and then coordinates care through em- (ESOP) is a retirement plan fully funded ployeeshealthinsurance.Employeesalsohaveby the Bank thatrewards eligible employ-Corporate Fitness Centers the option to access behavioral health profession- eeswithshareholderownership.ESOP OurRedBankandTomsRiverHeadquartersalsandfacilitiesdirectlythroughtheirmedicalshares are allocated among participants house state-of-the-art fitness centers for our planbenefits. onthebasisofcompensationearned employees and their eligible family members toduring the year. Participants are fully vest-ed after 5 years of credited service.18OCEANFIRST BANK HUMAN CAPITAL REPORT19'