DICK’S Sporting Goods, Inc. Smart Savings 401(k) Plan

DICK'S Sporting Goods, Inc. Smart Savings 401(k) Plan

Summary Plan Description

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June 2023

TABLE OF CONTENTS INTRODUCTION............................................................................................................ 1 ELIGIBILITY AND ENROLLMENT ................................................................................. 1 YOUR BENEFICIARY DESIGNATION .......................................................................... 2 TAX-DEFERRED CONTRIBUTIONS............................................................................. 3 MATCHING CONTRIBUTIONS ..................................................................................... 4 DISCRETIONARY CONTRIBUTIONS ........................................................................... 4 ROLLOVER CONTRIBUTIONS ..................................................................................... 4 VESTING OF YOUR ACCOUNT ................................................................................... 5 INVESTMENT OF YOUR ACCOUNT ............................................................................. 5 LOANS FROM YOUR ACCOUNT.................................................................................. 7 IN-SERVICE WITHDRAWALS ....................................................................................... 8 DISTRIBUTION OF YOUR ACCOUNT .......................................................................... 9 CONTACTING VANGUARD ......................................................................................... 10 CLAIMS PROCEDURES............................................................................................... 11 ADMINISTRATIVE INFORMATION .............................................................................. 12 MISCELLANEOUS INFORMATION.............................................................................. 14 ADDITIONAL ERISA-REQUIRED INFORMATION ....................................................... 16 APPENDICES ............................................................................................................... 18

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INTRODUCTION

This "summary plan description" or "SPD" describes the DICK'S Sporting Goods, Inc. Smart Savings 401(k) Plan (the "Plan"). The Plan is sponsored by DICK'S Sporting Goods, Inc. ("DICK'S") for the benefit of its eligible employees, as well as for the benefit of eligible employees of certain participating affiliated companies. DICK'S and those participating affiliated companies are referred to in this document as the "Company."

In the event the SPD for the Plan conflicts with the actual Plan document, the Plan document will control.

If you have any questions about the Plan, contact the Corporate Benefits Department at 1-800-690-7655, extension 3012, option 5. You also can access information about the Plan by contacting Vanguard, which is the recordkeeper for the Plan, by logging on to or by calling Vanguard at 1-800-523-1188.

If you participated in a plan that was merged with and into this Plan, please refer to the appendices to this booklet for a description of any additional provisions that apply.

ELIGIBILITY AND ENROLLMENT

You may make tax-deferred contributions to the Plan if you are at least age 18 and have been employed by the Company for 30 consecutive days.

The following individuals are not eligible to participate in the Plan:

Employees covered by a collective bargaining agreement that does not provide for participation in the Plan

Nonresident aliens with no United States source income Leased employees Independent contractors

To enroll in the Plan, please contact Vanguard (see the "CONTACTING VANGUARD" section of this booklet).

Once you enroll, an account is established in your name under the Plan to hold contributions made on your behalf.

Reemployment

If your employment terminates and you are reemployed by the Company within five years, you will be eligible to participate in the Plan on your reemployment date if you were eligible to participate in the Plan at the time your employment terminated. Otherwise, you will be eligible to participate as soon as you meet the requirements described above.

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Reclassification

If you are classified by the Company in one of the categories not eligible to participate in the Plan, but the Company is later required by the Internal Revenue Service, the U.S. Department of Labor or any other governmental agency, or by any court or other tribunal, to reclassify you as eligible, you will not be able to participate in this Plan until the time you are designated by the Plan administrator as an eligible employee. Such designation shall only provide for eligibility prospectively from the time it is made.

YOUR BENEFICIARY DESIGNATION

You have the right to designate a beneficiary to receive your interest in the Plan in the event of your death while you have a balance in your Plan account. If you are married, your beneficiary under the Plan automatically is your spouse, unless you receive the written consent of your spouse to make another designation.

To designate a beneficiary, please contact Vanguard. Once you designate a beneficiary under the Plan, the beneficiary will not change unless you marry (see below) or update your beneficiary online.

Effect of Marriage on Beneficiary Designation

If you marry (or remarry), your beneficiary automatically will change to your spouse. If you do not wish to name your spouse as your beneficiary, you must provide the written consent of your spouse.

No Designated Beneficiary

If you die without a beneficiary designation in effect or if your beneficiary does not survive you, any amounts becoming payable under the Plan by reason of your death will be paid to your estate, or, if you have no estate, to the person or persons as specified by the Plan document.

Spousal Consent

If you make an election that requires your spouse's written consent, your spouse's consent must be witnessed by a notary public. If you are designating a beneficiary other than your spouse, your spouse's consent must specifically acknowledge the beneficiary that you have selected.

TAX-DEFERRED CONTRIBUTIONS

You choose the percentage of your compensation that you wish to contribute to the Plan on a tax-deferred basis. You can contribute a minimum of 1% to a maximum 75% of your compensation (in whole percentages).

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Compensation for purposes of the Plan means, in general, the amount paid to you by the Company for wages, salaries and other compensatory amounts to the extent includible in your gross income. Compensation does not include nonperformance bonuses such as sign-on bonuses or referral bonuses, nonqualified deferred compensation, equity compensation, severance pay, disability payments made by a third-party administrator or fringe benefits. Compensation taken into account under the Plan shall not exceed the dollar amount permitted under the Internal Revenue Code, which for 2023 is $330,000. This amount may be adjusted in future years.

You do not pay federal income taxes (or, in some states, state income taxes) on the amounts you contribute to the Plan. Those amounts are not taxed until they are distributed from the Plan.

The Internal Revenue Code limits the amount of tax-deferred contributions that you can make to the Plan each calendar year. For 2023, the dollar amount you may contribute to the Plan with pre-tax dollars is limited to $22,500. This amount may be adjusted in future years.

Catch-up Contributions

If you will be at least age 50 by the end of the calendar year, you may elect to make additional tax-deferred contributions to the Plan called "catch-up contributions" as long as you have elected to contribute the maximum amount of tax-deferred contributions to the Plan. For 2023, you may contribute an additional $7,500 to the Plan in catch-up contributions. This amount may be adjusted in future years.

To take advantage of the additional catch-up deferral contributions, simply adjust your contribution rate online at or contact Vanguard at 1-800-523-1188 for assistance.

Changing or Suspending Your Contributions

To give you flexibility, the Plan permits you to change the percentage of your compensation that you contribute to the Plan. You may increase, decrease or suspend your contributions by logging on to or by calling Vanguard at 1-800523-1188. The percentage that you choose to contribute will be deducted from your pay as soon as administratively practicable after the date your election has been made. Updated contributions typically will take effect one to two pay periods after your election has been processed.

If you suspend your tax-deferred contributions, the suspension will remain in effect until you elect to resume making tax-deferred contributions again. You may resume making tax-deferred contributions at any time.

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