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Q What is Managed Accounts? Q What are the benefits of Managed Accounts for my <br /> <br /> Q Managed Accounts is a comprehensive asset management employees? <br /> service, providing ongoing management of an employee's A By participating in Managed Accounts employees receive: <br /> retirement account, with the objective of helping the <br /> employee reach his/her retirement income goals. Retirement Planning- Managed Accou t]ts begins <br /> wieh a retirement savings plan, custotllized From your <br /> 17]e first step in Managed Accounts involves the employees' personal information, that shows how like- <br /> developmen~ of a retirement savings plan for the employee. ly they are to accumulate enougl] assets ro meet their <br /> the plan is personalized to take into account the employee's desired retiremene income goals. Based on ehis wealdl <br /> retirement account, future income and savings, investments Forecast, employees receive a savings rate recanmenda- <br /> outside of the retiremenx account, expected retirement xion and can see how changing certain factors impacts <br /> income sources (e.g., pensions, Socia( Security), spousal xheir chances of reaching their retirement income <br /> invesunenrs, and desu•ed retirement age and inconx'' goals. <br /> Next, ICMA-RC detellniues the appropriate mix of • Personalization -Managed Accounts helps employees <br /> invesunenrs for the employee, from the investments understand how their otller assets work iu conjunc- <br /> available in your retirement plan. [ion with their ICMA-RC rerirenlenx account. The <br /> On an ongoing basis, ICMA-RC assumes the discretionary service takes into account existing retirement plan <br /> management of the employee's retirement plan investments, assets, future income and savings, pension plans and <br /> ICMA-RC will reallocate xhe account among available plan Social Security benefits and other sources of re~ire- <br /> invesunenrs as the employee ages, and as hls/her fiuanciaf or menx income, individual investments otnside of d]e <br /> personal situatial, or retiren]cnt objectives chulge, retiremene plan, and information about xheir spouse's <br /> finances. <br /> Q Does an employee`s entire account balance need to he ,Asset Diaerslficatlozt - usit]g the it]vestme,]t options <br /> covered by Managed Accounts? available iu their ptan, Managed Accounts determines <br /> Q Employees can elect Managed Accounts on any or all d]e investment mix that is right for xheir ICMA-RC <br /> of their eligible ICMA-RC accounts. However, for each retirement account based oit the information ehey <br /> account elected, cl]e entire account balance must be provided, including all outside assets and investments <br /> allocated co xhe Managed Accounts service. OzzgoingProfessionalManageznerzt-ICMA-RC <br /> manages the account on an ongoing basis to het}> your <br /> Q Why is ICMA-RC offering Managed Accounts? employees meet their retirement savings goals. <br /> Q ICMA-RC understands that each oFyour employees has a Regular Updates-ICMA-RC will beep in touch with <br /> unique comfort level. when it comes to retirement investing your employees to lee them Imow how their ICMA- <br /> and planning. RC accoutxt is doing and ro obtain updated informa- <br /> Some employees really enjoy matlagit]g d]eir retirement Lion that may impact their retirement investing. <br /> savings and are. commitxed to regularly monieoring these <br /> accomus. However, many employees do not have the rin]e, Q How much does Managed Aaounts cast? <br /> knowledge, or desire co actively manage xheir retirement Q L'^'mployees are charged an asset-based fee for the services <br /> accounts and would like to have qualified professionals take provided under Managed Accounts. The fee, assessed <br /> care of this For them. against account assets, is calcularcd based on their average <br /> ICMA-RC's new Managed Accounts service is designed for daily account balance. <br /> [l]ose investors who could benehc from tw ning over the <br /> ongoing management of their retirement invesunenrs to the <br /> qualified professia]als. <br /> Invesnnents in securities in Managed Accowus involve <br /> certain risks. Managed Accounts may not be suitable for all <br /> investors. Employees should contact our Guided Pathways <br /> team or your ICMA-RC Retirement Plans Specialise and <br /> fully read the ICMA-ILC Guided Pad]ways and Managed <br /> Accounts Invesnnent Advisory Agreement prior to enrolling <br /> in Managed Accounts co determine if this service Is right <br /> for' Chl'1]]. <br /> Questions and Answers 6 <br /> <br />