Milliman Benefits Service Center

PO BOX 601524
Dallas TX 75360−1524

Sanderson Farms, Inc. and Affiliates

Employee Stock Ownership Plan QUARTERLY STATEMENT
Danny A Tripp Jr October 1, 2023 − December 31, 2023
835 Griffin Rd
Dover NC 28526−9115
311SAE−

Account Value: $2,248.97

Change in Value This Period: $32.79

Your Account Summary Your Account Growth

This Period Year to Date $2,248.97

Beginning Balance $2,216.18 $2,225.08 $2,228.36

ER Contributions 0.00 0.00 $2,207.73

Distributions 0.00 0.00 $2,187.10
Other Activity 0.00 0.00 $2,166.47
Gain/Loss 32.79 23.89 $2,145.84
12/31/22 03/31/23 06/30/23 09/30/23 12/31/23
Ending Balance $2,248.97 $2,248.97

Vested Balance $2,248.97 $2,248.97 Your Personal Performance

Inception−to−Date Contributions (Employer) $1,932.88 Since

This Period Year to Date 01/2020
1.48% 4.80% 6.25%

Your Asset Allocation

ð
Future Number of Ending Ending Existing
Investment Allocation Shares/Units Price Balance Allocation Your Asset Allocation
Capital Preservation 0.00% 100.00%
ESOP Cash 0.00% 2,248.9700 1.00 2,248.97 100.00%
Other 100.00% 0.00%
Sanderson Farms Stock 100.00% 0.0000 0.00 $0.00 0.00%
Account Total 100.00% $2,248.97 100.00%

Hotline: 866−767−1212
Web: www.millimanbenefits.com

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Participant: Danny A Tripp Jr October 1, 2023 − December 31, 2023

Your Account Activity by Contribution Source

Contribution Beginning Investment Ending Vested Vested
Source Balance Contributions Distributions Other Activity Gain/Loss Balance Balance Percent
ESOP $2,216.18 $0.00 $0.00 $0.00 $32.79 $2,248.97 $2,248.97 100%
TOTALS $2,216.18 $0.00 $0.00 $0.00 $32.79 $2,248.97 $2,248.97

Important Messages
Additional investment−related information, including current performance information, is available on the "Investments" section of
www.millimanbenefits.com. Please take time to review the information contained in this statement. To request a paper copy of
the information (free of charge) on the website, request additional investment information, or if you believe any of the data is
incorrect, you may contact the Milliman Benefits Service Center at 866−767−1212 or Milliman, Inc., 12790 Merit Drive, Suite 800,
Dallas, TX 75251
Security Enhancements to www.millimanbenefits.com− Participant Action Required!

Milliman continuously makes important security enhancements to help keep your money safe. You also have a responsibility to
help prevent unauthorized access to your account. Registering your account on www.millimanbenefits.com is the No. 1 step you
can take to protect your retirement money and avoid delays when trying to access your account or withdraw funds. Registering
helps Milliman confirm your identity and activates Withdrawal Lock, a security feature that protects your account from
unauthorized withdrawals, distributions or loans (if offered by your plan). Plus, you’ll get immediate alerts about account activity.
Keep your passwords secure and your contact information updated. It’s critical that Milliman has an email address and/or cell
phone number that you regularly monitor. You need to respond to Milliman immediately if there’s activity on your account that
you did not initiate.

If you’ve already registered your account, log in to www.millimanbenefits.com to make sure Withdrawal Lock is activated and that
your contact information is current.

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Participant: Danny A Tripp Jr October 1, 2023 − December 31, 2023

Lifetime Income Illustrations

The illustrations below provide you with information about how much monthly income you could collect at retirement based on
your current account balance. The estimated monthly payments in this statement are for illustrative purposes only; they are not a
guarantee. Having this information now may help you plan how much money to save for your retirement.

Current Account Balance $2,248.97 This is your account balance as of the last day
of this statement period.
Below are estimates of how much money you
could receive each month if you were to
receive payments in one of the two payment
forms shown below.
Single Life Annuity $15 per month A single life annuity is an arrangement that
pays you a fixed amount of money each month
If you receive payments in this form, we for the rest of your life. Following your death,
estimate you would receive this amount no further payments would be made to your
per month starting at retirement. spouse or heirs.
Qualified Joint and 100% $12 per month A qualified joint and 100% survivor annuity is an
Survivor Annuity arrangement that pays you and your spouse a
If you receive payments in this form, we fixed monthly payment for the rest of your joint
estimate you would receive this amount lives. In addition, after your death, this type of
per month starting at retirement. annuity would continue to provide the same
fixed monthly payment to your surviving spouse
for their life.
An annuity with a lower survivor percentage
may be available, and reducing the survivor
percentage (below 100%) would increase
monthly payments during your lifetime, but
would decrease what your surviving spouse
would receive after your death.

The following information is to help you understand these estimated monthly payments.

The estimated monthly payments in this statement assume that:

¬ Your account balance is 100% vested and, if the plan permits loans and you have taken a loan from the plan and you are not in
default, the loan has been fully repaid.

¬ Payments begin on the last day of the statement period shown above and that you are age 67 (or your current age if older) on
this date. Monthly payments beginning at a younger age would be lower than shown since payments would be made over more
years. Monthly payments beginning at an older age would be higher than shown since they would be made over fewer years.
Note: Age 67 (the full Social Security retirement age for most workers), not the plan’s defined normal retirement age, is the age
required by federal regulations to be used for purposes of these illustrations.
¬ For a qualified joint and 100% survivor annuity, you are married with a spouse who is the same age as you (even if you do not
currently have a spouse, or if you have a spouse who is a different age). If your spouse is younger, monthly payments would be
lower than shown since they would be expected to be paid over more years. If your spouse is older, monthly payments would be
higher than shown since they would be expected to be paid over fewer years.
¬ They are based on:
1. An interest rate of 4.22%, which is the 10−year constant maturity U.S. Treasury securities yield rate as of 12/01/2023, as
required by federal regulations. This rate fluctuates based on market conditions. The lower the interest rate, the smaller your
monthly payment will be, and the higher the interest rate, the larger your monthly payment will be.

2. How long you and a spouse, who is assumed to be your age, are expected to live. For this purpose, federal regulations
require that your life expectancy be estimated using gender neutral mortality assumptions established by the Internal Revenue
Service.

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Participant: Danny A Tripp Jr October 1, 2023 − December 31, 2023

Lifetime Income Illustrations (Continued)

3. Prevailing market conditions and other assumptions required under federal regulations. If you decide to purchase an
annuity, the actual payments you receive will depend on a number of factors and may vary substantially from the estimated
monthly payments in this statement. For example, your actual age at retirement, your actual account balance (reflecting future
investment gains and losses, contributions, distributions, and fees), and the market conditions at the time of purchase will affect
your actual payment amounts.
¬ They are the same whether you are male or female. This is required for annuities payable from an employer’s plan. However,
the same amount paid for an annuity available outside of an employer’s plan may provide a larger monthly payment for males
than for females since females are expected to live longer.

¬ Unlike Social Security payments, they do not increase each year with a cost−of−living adjustment. Therefore, as prices increase
over time, the fixed monthly payments will buy fewer goods and services.

Performance shown is net of mutual fund expenses, but before any applicable plan charges. Returns include the reinvestment of dividends and capital gains distributions.
Historical performance does not guarantee future results. Fund performance is gathered from sources that are believed to be reliable. However, Milliman Inc. cannot
guarantee the complete accuracy of all performance information. Please take time to review the information contained in this statement. If you believe any of the data is
incorrect, please provide written notice to Milliman Benefits Processing Center, 12790 Merit Drive, Suite 800 Dallas, TX 75251 within 30 days of receiving your statement.
For more information about your Plan’s investment options and their performance, refer to the profiles available on the internet at www.millimanbenefits.com.

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