Guided Pathways®

Industry studies overwhelmingly indicate that a large number of investors are unprepared for retirement and could benefit from unbiased professional assistance in managing their investments.

In keeping with our commitment to help your employees build retirement security, ICMA-RC offers the Guided Pathways program - a comprehensive suite of investment advisory services, including our Managed Accounts service.

The Guided Pathways process begins with a personalized retirement savings plan and wealth forecast developed from employees' individual information. Based on this wealth forecast, employees receive a savings rate recommendation and can see how changing certain personal or financial information could impact their chances of reaching their retirement income goals. Building on the retirement savings plan, Guided Pathways offers three levels of service:

• Asset Class Guidance — Asset Class Guidance provides employees with a recommendation on how to divide their retirement plan assets among the different asset classes (e.g., domestic stock, international stock, bond funds) available in your retirement plan. However, employees are still responsible for selecting the actual funds to fill the recommended asset classes. This is a free service.*
• Fund Advice — Fund Advice provides employees with a recommendation of specific funds developed from the investment options available within your plan. Employees remain responsible for the ongoing monitoring of their account and making changes to their investment allocations over time. The standard annual fee is $20*.
• Managed Accounts — For an asset-based fee*, Managed Accounts offers a substantially higher level of assistance than Asset Class Guidance or Fund Advice. Managed Accounts designs an investment portfolio to help employees reach their retirement goals and provides ongoing management to keep employees on track. Managed Accounts is a service that you can elect to offer for the benefit of your employees.

ICMA-RC uses state-of-the-art planning and investment software powered by Ibbotson Associates**, a leading provider of retirement advice and investment consulting services, to provide the Guided Pathways services. For more information, additional Guided Pathways materials are available for your review.

*Underlying mutual fund expenses and plan administration fees still apply. Please read the applicable fund prospectus and your plan's Retirement Investment Guide for a description of those fees and expenses.

**Investment advice and analysis tools are offered to participants through ICMA-RC, a federally registered investment adviser. Ibbotson Associates, a federally registered investment adviser and a wholly owned subsidiary of Morningstar, Inc., is not affiliated with ICMA-RC. All rights reserved. Ibbotson and the Ibbotson logo are trademarks or service marks of Morningstar, Inc.