John Hancock Demonstration Plan. Sample Retirement Plan Checkup md/dd/yyyy - md/dd/yyyy

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1 John Hancock Demonstration Plan Sample Retirement Plan Checkup md/dd/yyyy - md/dd/yyyy

2 Executive Summary Overview DEFINED CONTRIBUTION PLAN PEER REPORT Trends & Insights: Healthcare Practice Plan Activity TOPIC Year over Year COMPARISON STATISTIC Overview 3/31/20XX 3/31/20XX Healthcare Practice All Defined Contribution Clients Average Account Balance $27,579 $29,620 $80,091 $60,695 7% increase since 20XX 6% increase since 20XX 4% decrease since 20XX Participation Rate 92% 93% Average: 69% Average: 62% Median: 93% Median: 85% Average Deferral Rate 6.8% 7.4% 6.9% 6.9% Balanced/Asset Allocation: 41.3% Balanced/Asset Allocation: 39.3% Balanced/Asset Allocation: 27.5% Balanced/Asset Allocation: 35.0% Asset Allocation Bond Funds: 5.5% Bond Funds: 7.0% Bond Funds: 10.7% Bond Funds: 6.5% Stable Value/MM: 10.0% Stable Value/MM: 10.0% Stable Value/MM: 11.3% Stable Value/MM: 13.8% Stock Funds: 43.1% Stock Funds: 43.7% Stock Funds: 50.5% Stock Funds: 44.7% 2

3 Executive Summary Plan Features Plan Feature Adopted Yes/No Healthcare Practice All Defined Contribution Clients Auto Enrollment Yes Adoption: 63% Adoption: 70% Auto Increase Yes Adoption: 70% Adoption: 54% Safe Harbor No Qualified: 63% Qualified: 38% QDIA Yes Available: 90% Available: 93% Target Date QDIA: 20% Target Date QDIA: 85% Target Date Funds Yes Plans Offering: 50% Plans Offering: 70% OnTarget Yes Plans Offering: 30% Plans Offering: 25% Roth Yes Plans Offering: 80% Plans Offering: 45% Loans Yes Plans Offering: 97% Plans Offering: 96% 3

4 Executive Summary Active Participant Behaviors Participant Behaviors 3/31/20XX 3/31/20XX Year Over Year COMPARISON Healthcare Practice All Defined Contribution Clients Target Date Funds 70.10% 66.30% 65.00% 57.00% OnTarget 7.38% 15.29% 9.00% 8.00% Stable Value/Money Market(SV/MM) 30.90% 35.80% 30.00% 26.00% Roth 1.70% with average deferral of 9.40% 2.30% with average deferral of 7.70% 7.2% with average deferral of 5.7% 6.5% with average deferral of 6.0% Loans 13.99% with average balance of $6, % with average balance of $6,603 15% with average balance of $7,116 20% with average balance of $7,789 Data represents the number of participants utilizing each feature or fund. 4

5 Executive Summary Cash Flows Cash Flows 3/31/20XX 3/31/20XX Year over Year COMPARISON Plan Assets $33,735,093 $37,312,695 Employee Contributions $1,109,332 $967,995 Employer Contributions $768,581 $1,033,830 Disbursements ($1,124,691) ($1,481,426) 5

6 Plan Assets and Participants $40,000,000 $35,000,000 1,253 1,265 1,198 1,207 1,400 1,200 $30,000,000 1,000 Plan Assets $25,000,000 $20,000,000 $15,000,000 $10,000, Participants $5,000, $0 12/31/20XX 12/31/20XX 12/31/20XX 3/31/20XX 0 Plan Assets Participants Plan assets exclude any outstanding loans; participant counts include individuals with an account balance. 6

7 Plan Cash Flows 20XX 20XX 20XX YTD 20XX QTD 20XX Beginning Balance $25,832,690 $27,631,937 $32,596,284 $36,011,446 $36,011,446 Receipts Employer Contributions $671,756 $211,541 $883,210 $1,033,830 $1,033,830 Participant Contributions $3,875,590 $3,769,109 $4,067,718 $967,995 $967,995 Other Deposits $263 $451 $36 Disbursements ($5,769,251) ($3,991,362) ($3,679,330) ($1,481,426) ($1,481,426) Change in Market Value $3,020,891 $4,974,607 $2,143,528 $780,850 $780,850 Ending Balance $27,631,937 $32,596,284 $36,011,446 $37,312,695 $37,312,695 Net Change $1,799,248 $4,964,347 $3,415,162 $1,301,249 $1,301,249 Plan Rate of Return 12% 18% 6% 2% 2% Participant Contributions include any rollovers into the Plan. Employer Contributions are net of prefunded amounts, i.e., forfeitures, etc. 7

8 Asset Allocation By Fund Fund Name Asset Class* 3/31/20XX % # Participants 3/31/20XX % # Participants Change Guaranteed Int Acct Stable Value $0 0.00% 0 $3,573, % 472 $3,573,839 Janus Flexible Bond Fund N Intermediate-Term Bond $0 0.00% 0 $1,719, % 268 $1,719,074 PIMCO Real Return Instl Inflation-Protected Bond $0 0.00% 0 $520, % 128 $520,371 Ridgeworth High Income Fd I High Yield Bond $0 0.00% 0 $270, % 48 $270,277 American Cent One Choice Ret I Retirement Income $0 0.00% 0 $725, % 50 $725,338 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $1,853, % 92 $1,853,896 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $2,034, % 116 $2,034,894 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $2,356, % 114 $2,356,608 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $1,680, % 118 $1,680,800 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $1,364, % 102 $1,364,132 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $895, % 93 $895,651 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $773, % 110 $773,697 Columbia Large Cap Index Z Large Blend $2,697, % 231 $3,341, % 300 $644,300 MFS Total Return Fund R4 Moderate Allocation $0 0.00% 0 $1,690, % 215 $1,690,885 First Eagle Fund of America A Mid-Cap Blend $1,385, % 175 $1,434, % 246 $49,084 *Investment options that are not supported by Morningstar are classified according to the investment objective. 8

9 Asset Allocation By Fund Fund Name Asset Class* 3/31/20XX % # Participants 3/31/20XX % # Participants Change Goldman Sachs Growth Opps Cl I Mid-Cap Growth $0 0.00% 0 $392, % 180 $392,089 JP Morgan Large Cap Growth R6 Large Growth $0 0.00% 0 $1,959, % 132 $1,959,034 JP Morgan Mid Cap Value Instl Mid-Cap Value $0 0.00% 0 $1,435, % 220 $1,435,121 JP Morgan Small Cap Equity R5 Small Blend $0 0.00% 0 $1,605, % 266 $1,605,512 MFS Value Fund (R4) Large Value $0 0.00% 0 $2,559, % 267 $2,559,849 Victory Small Company Opty I Small Value $0 0.00% 0 $448, % 167 $448,411 Blackrock Global Alloc Fund I World Allocation $0 0.00% 0 $683, % 144 $683,677 Goldman Intl SC Insights Ins Foreign Small/Mid Value $0 0.00% 0 $286, % 159 $286,827 Lazard Emerging Mkt Equ Inst Diversified Emerging Mkts $0 0.00% 0 $571, % 208 $571,686 Thornburg Intl Value Fund R6 Foreign Large Growth $0 0.00% 0 $1,598, % 259 $1,598,623 Brokerage Account Uncategorized $506, % 8 $585, % 7 $78,689 NYL Insurance Anchor II Stable Value $3,245, % 422 $0 0.00% 0 $0 Janus Flexible Bond Fund S Intermediate-Term Bond $1,219, % 199 $0 0.00% 0 $0 PIMCO Real Return Fund R Inflation-Protected Bond $267, % 75 $0 0.00% 0 $0 RidgeWorth High Income Fd Cl A High Yield Bond $280, % 58 $0 0.00% 0 $0 *Investment options that are not supported by Morningstar are classified according to the investment objective. 9

10 Asset Allocation By Fund Fund Name Asset Class* 3/31/20XX % # Participants 3/31/20XX % # Participants Change Amer Cent One Choice In Ret A Retirement Income $208, % 26 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $752, % 42 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $1,959, % 97 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $1,938, % 130 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $2,379, % 136 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $1,573, % 137 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $1,145, % 104 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $831, % 100 $0 0.00% 0 $0 Amer Cent One Choice 20XX A Target Date 20XX-20XX $561, % 102 $0 0.00% 0 $0 MFS Total Return Fd Cl R3 Moderate Allocation $1,569, % 181 $0 0.00% 0 $0 JP Morgan Lg Cap Growth Fd R2 Large Growth $1,704, % 144 $0 0.00% 0 $0 Goldman Sachs Growth Opps Cl A Mid-Cap Growth $291, % 47 $0 0.00% 0 $0 JP Morgan Mid Cap Value Fund A Mid-Cap Value $913, % 150 $0 0.00% 0 $0 JP Morgan Small Cap Equity (A) Small Blend $2,006, % 221 $0 0.00% 0 $0 MFS Value Fund R3 Large Value $2,464, % 217 $0 0.00% 0 $0 *Investment options that are not supported by Morningstar are classified according to the investment objective. 10

11 Asset Allocation By Fund Fund Name Asset Class* 3/31/20XX % # Participants 3/31/20XX % # Participants Change Victory Small Company Opty A Small Value $165, % 31 $0 0.00% 0 $0 Blackrock Global Alloc Fund A World Allocation $444, % 54 $0 0.00% 0 $0 First Eagle Overseas Fund A Foreign Large Blend $135, % 85 $0 0.00% 0 $0 Lazard Emerging Mkt Equ Open Diversified Emerging Mkts $595, % 139 $0 0.00% 0 $0 Thornburg Intl Value Fund R4 Foreign Large Growth $1,581, % 209 $0 0.00% 0 $0 Outstanding Loans 0 $907, % 0 $949, % 0 $42,767 Total Plan Assets excluding Loans 0 $32,827, % 0 $36,362, % 0 $3,534, $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 *Investment options that are not supported by Morningstar are classified according to the investment objective. 11

12 Contributions By Fund Fund Name Asset Class* 3/31/20XX % # Participants 3/31/20XX % # Participants Change Guaranteed Int Acct Stable Value $0 0.00% 0 $148, % 232 $148,497 Janus Flexible Bond Fund N Intermediate-Term Bond $0 0.00% 0 $51, % 187 $51,639 PIMCO Real Return Instl Inflation-Protected Bond $0 0.00% 0 $23, % 105 $23,062 Ridgeworth High Income Fd I High Yield Bond $0 0.00% 0 $13, % 31 $13,753 American Cent One Choice Ret I Retirement Income $0 0.00% 0 $62, % 34 $62,877 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $120, % 67 $120,550 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $135, % 74 $135,720 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $208, % 80 $208,263 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $153, % 82 $153,597 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $104, % 67 $104,122 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $95, % 76 $95,033 Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX $0 0.00% 0 $97, % 95 $97,429 Columbia Large Cap Index Z Large Blend $108, % 179 $96, % 220 ($12,931) MFS Total Return Fund R4 Moderate Allocation $0 0.00% 0 $45, % 170 $45,885 First Eagle Fund of America A Mid-Cap Blend $44, % 121 $84, % 179 $40,266 *Investment options that are not supported by Morningstar are classified according to the investment objective. 12

13 Contributions By Fund Fund Name Asset Class* 3/31/20XX % # Participants 3/31/20XX % # Participants Change Goldman Sachs Growth Opps Cl I Mid-Cap Growth $0 0.00% 0 $24, % 126 $24,132 JP Morgan Large Cap Growth R6 Large Growth $0 0.00% 0 $48, % 65 $48,322 JP Morgan Mid Cap Value Instl Mid-Cap Value $0 0.00% 0 $80, % 185 $80,812 JP Morgan Small Cap Equity R5 Small Blend $0 0.00% 0 $57, % 199 $57,722 MFS Value Fund (R4) Large Value $0 0.00% 0 $141, % 196 $141,632 Victory Small Company Opty I Small Value $0 0.00% 0 $17, % 122 $17,926 Blackrock Global Alloc Fund I World Allocation $0 0.00% 0 $28, % 104 $28,294 Goldman Intl SC Insights Ins Foreign Small/Mid Value $0 0.00% 0 $15, % 143 $15,679 Lazard Emerging Mkt Equ Inst Diversified Emerging Mkts $0 0.00% 0 $38, % 175 $38,084 Thornburg Intl Value Fund R6 Foreign Large Growth $0 0.00% 0 $107, % 190 $107,754 Total Assets Contributed 0 $153, % 0 $2,001, % 0 $1,848, $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 0 0 $0 0.00% 0 $0 0.00% 0 $0 *Investment options that are not supported by Morningstar are classified according to the investment objective. 13

14 Investment Options: Asset Breakdown by Age Fund Name Active Participants Non-Active Participants Active Participants By Age Date of Birth Not Reported < Guaranteed Int Acct (2%) 59 (19%) 93 (30%) 104 (34%) 44 (14%) 0 Columbia Large Cap Index Z (3%) 46 (20%) 67 (30%) 75 (33%) 32 (14%) 0 MFS Value Fund (R4) (3%) 40 (20%) 62 (31%) 64 (32%) 29 (14%) 0 Amer Cent One Choice 20XX Pt I (0%) 1 (1%) 25 (32%) 51 (66%) 0 (0%) 0 Amer Cent One Choice 20XX Pt I (0%) 2 (3%) 2 (3%) 75 (94%) 1 (1%) 0 JP Morgan Large Cap Growth R (5%) 11 (14%) 25 (32%) 28 (36%) 9 (12%) 0 Amer Cent One Choice 20XX Pt I (0%) 2 (3%) 0 (0%) 15 (23%) 49 (74%) 0 Janus Flexible Bond Fund N (3%) 48 (23%) 61 (30%) 67 (33%) 24 (12%) 0 MFS Total Return Fund R (2%) 18 (11%) 60 (37%) 58 (35%) 25 (15%) 0 Amer Cent One Choice 20XX Pt I (1%) 2 (2%) 80 (95%) 1 (1%) 0 (0%) 0 JP Morgan Small Cap Equity R (3%) 45 (22%) 67 (33%) 60 (29%) 25 (12%) 0 Thornburg Intl Value Fund R (3%) 40 (21%) 64 (33%) 59 (31%) 25 (13%) 0 14

15 Investment Options: Asset Breakdown by Age Fund Name Active Participants Non-Active Participants Active Participants By Age Date of Birth Not Reported < JP Morgan Mid Cap Value Instl (4%) 44 (23%) 56 (30%) 58 (31%) 24 (13%) 0 First Eagle Fund of America A (3%) 37 (19%) 62 (32%) 63 (32%) 26 (13%) 0 Amer Cent One Choice 20XX Pt I (1%) 24 (32%) 51 (67%) 0 (0%) 0 (0%) 0 Amer Cent One Choice 20XX Pt I (4%) 73 (95%) 1 (1%) 0 (0%) 0 (0%) 0 Amer Cent One Choice 20XX Pt I (43%) 48 (52%) 1 (1%) 3 (3%) 1 (1%) 0 American Cent One Choice Ret I (0%) 2 (5%) 5 (13%) 3 (8%) 28 (74%) 0 Blackrock Global Alloc Fund I (1%) 10 (8%) 43 (34%) 51 (40%) 21 (17%) 0 Brokerage Account (0%) 0 (0%) 3 (60%) 1 (20%) 1 (20%) 0 Lazard Emerging Mkt Equ Inst (3%) 45 (25%) 54 (31%) 51 (29%) 21 (12%) 0 PIMCO Real Return Instl (1%) 4 (4%) 38 (35%) 46 (42%) 20 (18%) 0 Victory Small Company Opty I (2%) 35 (23%) 46 (31%) 44 (30%) 21 (14%) 0 Goldman Sachs Growth Opps Cl I (2%) 42 (27%) 51 (32%) 44 (28%) 18 (11%) 0 15

16 Investment Options: Asset Breakdown by Age Fund Name Active Participants Non-Active Participants Active Participants By Age Date of Birth Not Reported < Goldman Intl SC Insights Ins (3%) 35 (24%) 44 (31%) 42 (29%) 18 (13%) 0 Ridgeworth High Income Fd I (3%) 8 (24%) 11 (33%) 10 (30%) 3 (9%)

17 Participant Behavior Investment Options Percentage of Participants Investing in: Active Non-Active 1 Fund - non-target date 6.7% 16.0% 1 Fund - target date 46.8% 30.8% 2 Funds 12.2% 20.9% 3 Funds 4.3% 5.8% 4 Funds 3.8% 6.4% 5 Funds 3.1% 4.4% 6+ Funds 23.1% 15.7% Average Number of Funds Held

18 Single-Investment Option Investors Active Participants By Age Single Investment Funds Asset Class* Total < Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Amer Cent One Choice 20XX Pt I Target Date 20XX-20XX Guaranteed Int Acct Stable Value American Cent One Choice Ret I Retirement Income Columbia Large Cap Index Z Large Blend JP Morgan Large Cap Growth R6 Large Growth Janus Flexible Bond Fund N Intermediate-Term Bond PIMCO Real Return Instl Inflation-Protected Bond First Eagle Fund of America A Mid-Cap Blend Goldman Sachs Growth Opps Cl I Mid-Cap Growth Includes active participants with a balance, and funds are ordered according to asset balances, largest to smallest. Funds not open for participant investment are not included. *Investment options that are not supported by Morningstar are classified according to their investment objective. 18

19 Target Date Funds Utilization # of Participants with balance in Target Date Funds: 767 # of Participants defaulted to Target Date Funds: 150 # of Participants utilizing more than 1 Target Date Fund: 21 Average Account Balance of Participants Utilizing Target Date Funds: $19,681 Utilization by Years of Service Utilization by Age Range # of Participants # of Participants < >20 N/A < Defaulted Non-Defaulted Defaulted Non-Defaulted Utilization by Balance Range 250 # of Participants Defaulted Non-Defaulted 19

20 Target Date Funds: Utilization $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 American Cent One Choice Ret I Amer Cent One Choice 20XX Pt I Amer Cent One Choice 20XX Pt I Amer Cent One Choice 20XX Pt I Amer Cent One Choice 20XX Pt I Amer Cent One Choice 20XX Pt I 12/31/20XX 12/31/20XX 12/31/20XX 3/31/20XX 20

21 Target Date Funds: Utilization $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Amer Cent One Choice 20XX Pt I Amer Cent One Choice 20XX Pt I Amer Cent One Choice In Ret A Amer Cent One Choice 20XX A Amer Cent One Choice 20XX A Amer Cent One Choice 20XX A 12/31/20XX 12/31/20XX 12/31/20XX 3/31/20XX 21

22 Target Date Funds: Utilization $2,500,000 $2,000,000 $1,500,000 $1,000,000 $500,000 $0 Amer Cent One Choice 20XX A Amer Cent One Choice 20XX A Amer Cent One Choice 20XX A Amer Cent One Choice 20XX A Amer Cent One Choice 20XX A 12/31/20XX 12/31/20XX 12/31/20XX 3/31/20XX 22

23 Target Date Funds: Utilization by Age Fund Name Active Participant Non-Active Participant Active Participants By Age Not Reported < American Cent One Choice Ret I % 5% 13% 8% 74% Amer Cent One Choice 20XX Pt I % 3% 0% 23% 74% Amer Cent One Choice 20XX Pt I % 3% 3% 94% 1% Amer Cent One Choice 20XX Pt I % 1% 32% 66% 0% Amer Cent One Choice 20XX Pt I % 2% 95% 1% 0% Amer Cent One Choice 20XX Pt I % 32% 67% 0% 0% Amer Cent One Choice 20XX Pt I % 95% 1% 0% 0% Amer Cent One Choice 20XX Pt I % 52% 1% 3% 1% 23

24 Participant Net Transfer Activity 4/1/20XX-6/30/20XX 7/1/20XX-9/30/20XX 10/1/20XX-12/31/20XX 1/1/20XX-3/31/20XX Total Net Transfers Fund Name Number Am ount Number Amount Number Amount Number Amount Number Am ount NYL Insurance Anchor II 34 $149, $439, $47,339 0 $0 159 $636,001 Janus Flexible Bond Fund N 0 $0 0 $0 0 $0 143 $319, $319,145 JP Morgan Mid Cap Value Instl 0 $0 0 $0 0 $0 142 $316, $316,817 Victory Small Company Opty I 0 $0 0 $0 0 $0 136 $312, $312,395 Columbia Large Cap Index Z 15 $108, ($22,775) 46 ($15,057) 146 $240, $311,219 Blackrock Global Alloc Fund I 0 $0 0 $0 0 $0 94 $169, $169,180 PIMCO Real Return Instl 0 $0 0 $0 0 $0 96 $136, $136,176 Goldman Intl SC Insights Ins 0 $0 0 $0 0 $0 137 $108, $108,486 PIMCO Real Return Fund R 18 $16, $58, $15,701 1 $9 87 $91,042 JP Morgan Large Cap Growth R6 0 $0 0 $0 0 $0 17 $60, $60,758 Brokerage Account 1 $2,597 5 $11,211 5 $27,682 3 $7, $49,171 Janus Flexible Bond Fund S 13 $12, $62, ($38,892) 1 $2 104 $36,148 Investments are listed in descending order based on total transfer cash flow over the period(s) shown. 24

25 Participant Net Transfer Activity 4/1/20XX-6/30/20XX 7/1/20XX-9/30/20XX 10/1/20XX-12/31/20XX 1/1/20XX-3/31/20XX Total Net Transfers Fund Name Number Am ount Number Amount Number Amount Number Amount Number Am ount First Eagle Overseas Fund A 13 $11, ($168) 52 $22,906 0 $0 96 $34,461 Goldman Sachs Growth Opps Cl I 0 $0 0 $0 0 $0 130 $32, $32,931 Amer Cent One Choice 20XX A 1 $0 2 $23,779 4 ($2,948) 1 ($4) 8 $20,828 MFS Total Return Fd Cl R3 13 $4, $12, $3,863 0 $0 104 $20,348 Amer Cent One Choice 20XX A 2 ($294) 2 $1,904 7 $13,167 1 ($387) 12 $14,391 Lazard Emerging Mkt Equ Inst 0 $0 0 $0 0 $0 139 $9, $9,406 Goldman Sachs Growth Opps Cl A 2 $1,940 5 $8,555 7 ($10,472) 0 $0 14 $23 Amer Cent One Choice 20XX A 3 ($391) 1 ($192) 3 ($75) 1 ($1) 8 ($659) Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 2 ($5,344) 2 ($5,344) Amer Cent One Choice 20XX A 2 ($34) 3 ($12,799) 4 ($778) 1 ($3) 10 ($13,614) Am er Cent One Choice In Ret A 2 ($158) 2 ($14,425) 3 ($2,131) 1 ($1) 8 ($16,715) Ridgeworth High Income Fd I 0 $0 0 $0 0 $0 9 ($18,204) 9 ($18,204) Investments are listed in descending order based on total transfer cash flow over the period(s) shown. 25

26 Participant Net Transfer Activity 4/1/20XX-6/30/20XX 7/1/20XX-9/30/20XX 10/1/20XX-12/31/20XX 1/1/20XX-3/31/20XX Total Net Transfers Fund Name Number Am ount Number Amount Number Amount Number Amount Number Am ount RidgeWorth High Income Fd Cl A 6 ($1,123) 10 ($2,249) 5 ($14,890) 2 ($1,677) 23 ($19,939) Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 8 ($28,928) 8 ($28,928) Blackrock Global Alloc Fund A 3 ($2,620) 8 ($26,010) 3 ($1,680) 0 $0 14 ($30,310) Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 4 ($33,900) 4 ($33,900) Victory Small Company Opty A 2 $2,775 4 ($16,639) 4 ($21,271) 0 $0 10 ($35,136) MFS Value Fund R3 14 $49, ($135,869) 55 $51,472 0 $0 108 ($35,379) Am erican Cent One Choice Ret I 0 $0 0 $0 0 $0 1 ($36,175) 1 ($36,175) Lazard Emerging Mkt Equ Open 16 $13, ($48,280) 56 ($4,937) 1 ($1,643) 110 ($40,902) Amer Cent One Choice 20XX A 4 ($6,156) 7 ($19) 5 ($3,719) 2 ($32,229) 18 ($42,123) Amer Cent One Choice 20XX A 2 ($257) 4 ($30,654) 4 ($11,912) 1 ($8) 11 ($42,830) Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 7 ($45,696) 7 ($45,696) JP Morgan Small Cap Equity (A) 17 ($24,552) 40 ($86,689) 59 $58,146 0 $0 116 ($53,094) Investments are listed in descending order based on total transfer cash flow over the period(s) shown. 26

27 Participant Net Transfer Activity 4/1/20XX-6/30/20XX 7/1/20XX-9/30/20XX 10/1/20XX-12/31/20XX 1/1/20XX-3/31/20XX Total Net Transfers Fund Name Number Am ount Number Amount Number Amount Number Amount Number Am ount Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 8 ($71,490) 8 ($71,490) Amer Cent One Choice 20XX A 4 ($69,925) 3 ($5,668) 5 $5,843 1 ($1,791) 13 ($71,541) MFS Total Return Fund R4 0 $0 0 $0 0 $0 127 ($79,302) 127 ($79,302) JP Morgan Mid Cap Value Fund A 18 ($33,688) 36 ($46,707) 54 ($5,312) 0 $0 108 ($85,707) Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 7 ($88,795) 7 ($88,795) Thornburg Intl Value Fund R6 0 $0 0 $0 0 $0 139 ($114,138) 139 ($114,138) First Eagle Fund of America A 11 ($15,002) 31 ($46,865) 45 ($47,841) 138 ($7,149) 225 ($116,856) Thornburg Intl Value Fund R4 18 ($43,164) 34 ($90,527) 56 $15,187 0 $0 108 ($118,504) JP Morgan Lg Cap Growth Fd R2 8 ($81,384) 7 ($16,982) 9 ($29,792) 1 ($1,849) 25 ($130,006) Amer Cent One Choice 20XX A 4 ($94,084) 5 ($14,915) 9 ($49,597) 2 ($5,735) 20 ($164,331) Amer Cent One Choice 20XX Pt I 0 $0 0 $0 0 $0 13 ($174,006) 13 ($174,006) Guaranteed Int Acct 0 $0 0 $0 0 $0 151 ($178,675) 151 ($178,675) Investments are listed in descending order based on total transfer cash flow over the period(s) shown. 27

28 Participant Net Transfer Activity 4/1/20XX-6/30/20XX 7/1/20XX-9/30/20XX 10/1/20XX-12/31/20XX 1/1/20XX-3/31/20XX Total Net Transfers Fund Name Number Am ount Number Amount Number Amount Number Amount Number Am ount MFS Value Fund (R4) 0 $0 0 $0 0 $0 142 ($245,121) 142 ($245,121) JP Morgan Small Cap Equity R5 0 $0 0 $0 0 $0 145 ($541,503) 145 ($541,503) 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 0 0 $0 0 $0 0 $0 0 $0 0 $0 Investments are listed in descending order based on total transfer cash flow over the period(s) shown. 28

29 OnTarget Utilization # of Participants Utilizing OnTarget:140 New OnTarget Users This Period: 48 OnTarget Savings Cap: 10% Average Account Balance of Participants Utilizing OnTarget: $41,085 Utilization by Years of Service Utilization by Age Range 40 # of Participants # of Participants < < >20 N/A OnTarget Annual Savings Rate Increase 6 1% 2% 3% > 3% # of Participants Utilization by Balance Range 105 Number of participants at each annual increase rate 29

30 Active Participant Summary 12/31/20XX 12/31/20XX 12/31/20XX 3/31/20XX Eligible 1, Participating Participation Rate 92.40% 91.46% 90.88% 93.05% HCEs 93.18% 89.19% 96.67% % Non-HCEs 92.36% 91.55% 90.68% 92.84% Average Contribution Rate (of those deferring) 6.00% 6.47% 7.01% 7.39% HCEs 11.32% 10.24% 10.90% 9.54% Non-HCEs 5.76% 6.32% 6.87% 7.32% Median Contribution Rate (of those deferring) 4.00% 5.00% 6.00% 7.00% HCEs 7.00% 6.50% 8.00% 9.00% Non-HCEs 4.00% 5.00% 6.00% 6.00% % Deferring below Match 70.00% 65.00% 38.00% 36.00% Average Account Balance $21,047 $26,027 $28,519 $29,620 Median Account Balance $6,962 $8,866 $12,278 $12,831 Average Number of Funds Utilized Participants Utilizing Target Date Funds Participants Utilizing OnTarget Average Age Average Salary $64,703 $65,369 $66,693 $68,818 30

31 Contributions to Plan 1/1/20XX-3/31/20XX Employee Contributions Employer Contributions Total Amount Total Amount Pre-Tax $939,648 Company Match $814,868 Roth $22,796 Total $814,868 Total $962,444 31

32 Automatic Enrollment Utilization Total # of Participants in Automatic Enrollment Status: 494 # of Participants Who Opted Out of Automatic Enrollment This Quarter: 0 Participation by Entry Date This Quarter (# Deferring/Total Eligible): 38/38 (100%) Automatic Enrollment by Age Range 20% % Deferral Rates of New Participants This Quarter % 9% 8% 7% 6% < Age Range 5% 1 4% 25 Automatic Enrollment by Years of Service 3% % 1% # of Participants 50 0 < >20 N/A Years of Service 32

33 Automatic Increase Utilization # of Participants Utilizing Automatic Increase: 423 New Automatic Increase Users this Period: 37 Automatic Increase Deferral Cap: 10% Average Account Balance of Participants Utilizing Automatic Increase: $13,851 Utilization by Age Range Automatic Increase Population Deferral Rates % % 10% 9% # of Participants % 20 < % 152 6% 59 Utilization by Years of Service 5% % 3% 2% 1% # of Participants < >20 N/A 33

34 Deferral Breakdown Average Deferral Rate: Pre-Tax Deferral Rate: 6.7% Roth Deferral Rate: 0.2% After Tax Deferral Rate: N/A Catch-Up Deferral Rate: 0.1% Deferral Rate # of Pre Tax Participants # of Roth 401(K) Participants # of Catch-Up Participants 0 0% % % % % % % % % % % % % > 20% Total

35 Pre-Tax Contribution Rates By Age By Years of Service 100% 98% 96% 94% 92% 90% 88% 86% 95% 94% 92% 92% 92% < % 98% 96% 94% 92% 90% 88% 86% 84% 97% 95% 94% 94% 94% 91% 90% 90% 90% 91% < >20 Age # Deferring/Total Eligible % <30 53/56 95% /201 92% /267 92% /257 92% /125 94% 0 0/0 0% Years of Service # Deferring/Total Eligible % <1 113/119 95% 1 104/116 90% 2 60/64 94% 3 60/66 91% 4 44/47 94% 5 35/39 90% /198 94% /112 90% /59 97% >20 78/86 91% 35

36 Roth Contribution Rates Average Deferral Rate by Age Average Deferral Rate by Years of Service 14% 12% 10% 8% 6% 4% 2% 0% < % 14% 12% 10% 8% 6% 4% 2% 0% < >20 NHCE HCE NHCE HCE Age # Contributing % of Age Group < % % % % % Years of Service # Contributing % of Service Group <1 3 14% % % 3 1 5% 4 0 0% % % % % >20 1 5% 36

37 Highly Compensated Employees (HCEs) Deferral Rate HCE Deferral Rates # of HCE Participants % of HCE Participants 0% 0 0% 1% 0 0% 2% 2 8% 3% 0 0% 4% 0 0% 5% 1 4% 6% 4 15% 7% 3 12% 8% 3 12% 9% 4 15% 10% 2 8% 11-15% 6 23% Total HCE Participants: 26 HCE Average Account Balance: $ 167,111 HCE Median Account Balance: $ 170,359 HCE Plan Level Cap: 50% HCE Investment Allocation Fund # of HCE Participants MFS Value Fund (R4) 14 Guaranteed Int Acct 12 Columbia Large Cap Index Z 12 Thornburg Intl Value Fund R6 12 Janus Flexible Bond Fund N 11 MFS Total Return Fund R4 11 JP Morgan Small Cap Equity R5 10 Lazard Emerging Mkt Equ Inst 10 First Eagle Fund of America A 9 JP Morgan Large Cap Growth R % 1 4% > 20% 0 0% # of HCEs capped % of HCEs capped % Top Ten Funds sorted descending by # of participants 37

38 Outstanding Loans 12/31/20XX 12/31/20XX YTD20XX QTD20XX New Loans Issued Total Amount of New Loans $551,622 $574,316 $156,965 $156,965 12/31/20XX 12/31/20XX QTD20XX Number of Eligible Participants Number of Outstanding Loans Number of Participants with Outstanding Loans % of Participants with Loans 14% 15% 16% Total Outstanding Loan Balance $824,381 $877,861 $949,960 Average Outstanding Loan Balance $6,107 $6,270 $6,643 Number of Defaulted Loans % of Defaulted Loans 1.48% 0.71% 0.70% Includes all statuses with loans. 38

39 Pre-Retiree Distributions Participants 50+ Number Total Assets Number Total Assets Number Total Assets Pre-retiree Population 365 $12,789, $14,077, $14,209,516 Terminated Pre-Retiree Population 12/31/20XX Total Pre-Retirees Population 12/31/20XX 3/31/20XX 156 $5,092, $6,607, $6,839,786 Distribution Activity YTD 20XX YTD 20XX 1/1/20XX-3/31/20XX Lump Sum Distributions 110 $2,360, $1,161, $1,161,344 Installments 8 $9,630 0 $0 0 $0 Partial Distributions 5 $96,286 3 $76,437 3 $76,437 Other 22 $5,659 0 $0 0 $0 Paid to Participant 124 $559, $77, $77,238 Total Rollovers 92 $2,831, $1,281, $1,281,809 39

40 Account Balance Distribution Active Non-Active Account Balance # of Participants % of Total # of Participants % of Total $1-$1, % 54 16% $1,001-$5, % 18 5% $5,001-$10, % 59 17% $10,001-$25, % 91 27% $25,001-$50, % 60 17% $50,001-$100, % 33 10% $100,001-$150, % 15 4% $150,001-$250, % 10 3% $250, % 3 1% Total % % Average Balance $29,655 $31,989 40

41 Participant Status By Age Status Participants Participants By Age < Active with Balance (6%) 194(23%) 251(29%) 245(29%) 117(14%) Terminated Not Paid (3%) 63(19%) 102(30%) 124(36%) 40(12%) Alternate Payee/Beneficiary 2 0(0%) 0(0%) 1(50%) 1(50%) 0(0%) Other 8 0(0%) 1(13%) 4(50%) 2(25%) 1(13%)

42 Average Account Balance by Age Avg Bal - 3/31/20XX $40,000 $35,000 $30,000 $25,000 $20,000 $15,000 $10,000 $5,000 $0 < $4,782 $12,898 $30,121 $36,590 $38,646 Avg Bal - 3/31/20XX $5,798 $14,518 $32,146 $40,494 $36,653 # of Participants - 3/31/20XX # of Participants - 3/31/20XX Includes only active participants with a balance. 42

43 Plan Services Utilization Total Usage 3/31/20XX 6/30/20XX 9/30/20XX 12/31/20XX 3/31/20XX Total Users Unique Users Total Users Unique Users Total Users Unique Users Total Users Unique Users Total Users Unique Users Internet 6,369 (95.39%) 442 (70.61%) 4,873 (94.26%) 372 (68.26%) 4,927 (93.01%) 387 (67.07%) 946 (87.84%) 162 (67.50%) 7,577 (92.31%) 731 (67.69%) Voice Response System 186 (2.79%) 98 (15.65%) 159 (3.08%) 86 (15.78%) 194 (3.66%) 92 (15.94%) 131 (12.16%) 78 (32.50%) 341 (4.15%) 173 (16.02%) Participant Service Center 122 (1.83%) 86 (13.74%) 138 (2.67%) 87 (15.96%) 176 (3.32%) 98 (16.98%) 0 (0.00%) 0 (0.00%) 290 (3.53%) 176 (16.30%) Total 6, , , , ,208 1,080 Plan Activity 3/31/20XX 6/30/20XX 9/30/20XX 12/31/20XX 3/31/20XX Participants Direct Transfers New Loans for the Period In-Service Withdrawals Installments* Partial Distributions Lump Sum Distributions *Includes required minimum distributions for termination and retirement. 43