Company: WBS-PG
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0000801337-25-000059
Chunk: 12

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-06-26
Form: 11-K
Chunk 12
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 amount equal to such excess revenue is allocated to eligible participant accounts and applied to pay Plan administrative expenses. Net fees paid directly by the Plan to Fidelity Investments for administrative expenses totaled $211,685 and $51,993 for the years ended December 31, 2024, and 2023, respectively.

The Plan invests in Webster Financial Corporation common stock. At December 31, 2024, and 2023, the Plan held 1,549,618 shares and 1,753,109 shares of Webster Financial Corporation common stock, respectively, valued at 85,576,606 and $88,993,210, respectively. For the years ended December 31, 2024, and 2023, the Plan recorded dividends from Webster Financial Corporation common stock totaling $2,598,379 and $1,048,532, respectively.

#### 5. Plan Termination
Although the Bank has not expressed any intent to terminate the Plan, it has the right to do so at any time, subject to the provisions of ERISA. In the event of Plan termination, participants would become fully vested in their employer contributions and have a non-forfeitable interest in their account balances. After providing for the expenses of the Plan, any remaining assets would then be allocated by the Office of the Chairman, which is appointed by the Bank’s Board of Directors.

#### 6. Tax Status
The Plan has received a favorable tax determination letter from the IRS dated January 9, 2017, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (the Code), and therefore, the related trust is exempt from taxation. Both the plan administrator and the Plan’s counsel believe that the Plan is designed and being operated in compliance with the applicable requirements of the Code so that the Plan is qualified and the related trust is tax-exempt. Although the Bank is not currently aware of any source of action or series of events that have occurred that would adversely affect the qualified status of the Plan, management has indicated that it would take the necessary steps, if any, to bring the Plan’s operations into compliance with the Code in the event a non-compliance matter is identified.

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### WEBSTER BANK RETIREMENT SAVINGS PLAN

### NOTES TO FINANCIAL STATEMENTS
Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan