Company: ASB
Filing Date: 2025-06-27
Form Type: 11-K
Source: 0000007789-25-000097
Chunk: 8

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-06-27
Form: 11-K
Chunk 8
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| Total investments measured at NAV                  |     | $          | 233,955,887 |     |         |             |     |         |   |     |         |        |
| Total investments at fair value                    |     | $          | 767,221,596 |     |         |             |     |         |   |     |         |        |

The following table summarizes investments for which fair value is measured using the NAV per share practical expedient as of December 31:

| 2024                                      |     | Fair Value 
 2023       |             |     |   |             |     | Unfunded Commitments |     | Redemption Frequency (If Currently Eligible) |     | Redemption Notice Period |
|:------------------------------------------|:----|:-----------|------------:|:----|:--|------------:|:----|:---------------------|:----|:---------------------------------------------|:----|:-------------------------|
| Collective trust funds                    |     | $          | 205,001,292 |     | $ | 194,777,407 |     | N/A                  |     | daily                                        |     | one day                  |
| Associated Banc-Corp Common Stock Fund(1) |     | $          |  38,128,345 |     | $ |  39,178,480 |     | N/A                  |     | daily                                        |     | one day                  |

(1) This fund is designed to share in the performance of Associated Banc-Corp. The share price and return will vary according to factors affecting the Associated Banc-Corp common stock.

The table below sets forth a summary of changes in the fair value of the Plan’s Level 3 investments for the years ended December 31, 2024 and 2023, respectively:

|                                                                                                                                                        |     | Cash surrender value of life insurance |    2024 |     |   |   2023 |
|:-------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:---------------------------------------|--------:|:----|:--|-------:|
| Beginning balance                                                                                                                                      |     | $                                      |  17,168 |     | $ | 16,568 |
| Unrealized gains                                                                                                                                       |     |                                        |      35 |     |   |    600 |
| Purchases, sales, issuances and settlements, net                                                                                                       |     |                                        | -17,203 |     |   |      — |
| Ending balance                                                                                                                                         |     | $