Retirement Income Control Panel

Annual Salary

If your employer provides your salary information to us as part of our role as your retirement plan's recordkeeper, it will be used in the Retirement Income Control Panel's calculation of your projected retirement income. You can see the before-tax salary information we have for you displayed in the "Retirement Information Used" tile in the upper right hand corner of the page. For its calculation of your projected retirement income, the Retirement Income Control Panel assumes that your salary will continue to grow over time at the same rate as inflation.

You may edit your salary in one of two ways, depending on whether your plan offers Advisory Services:

1. If your retirement plan does not offer Advisory Services, you may edit your salary by clicking the "Edit" link at the top of the "Retirement Information Used" tile.
2. If your retirement plan offers Advisory Services, you may edit your salary by clicking the "Access Advisory Services" menu on the home page and then selecting the option to "enter more information and receive a more personalized strategy."

Retirement Age

For its calculation of your projected retirement income, Retirement Income Control Panel assumes that your retirement age will be either the age your employer lists in your retirement plan's document (your formal written employer retirement plan document that details how your retirement plan operates and its requirements) or, if that information is not available, age 67. You may wish to edit this age to more accurately reflect when you plan to retire or to see how changing your retirement age may affect your projected retirement income.

You may edit your age in one of two ways, depending on whether your plan offers Advisory Services:

1. If your retirement plan does not offer Advisory Services, you may edit your age by clicking the "Edit" link at the top of the "Retirement Information Used" tile.
2. If your retirement plan offers Advisory Services, you may edit your age by clicking the "Access Advisory Services" menu on the home page and then selecting the option to "enter more information and receive a more personalized strategy."
   Please Note: If you change your retirement age in your Advisory Services Profile, it will change your retirement age for all Advisory Services functions and may cause a change in your recommended asset allocation and paycheck contribution. If you are enrolled in Managed Account, and change the retirement age listed in your profile, at market close your account will be re-forecast to see if a change in asset allocation is recommended. If Advisory Services determines that your asset allocation needs to be changed, it will be changed automatically and you will receive a notification in the mail. Your paycheck contribution will not be changed automatically. To see if Advisory Services recommends that you change your paycheck contribution, go to the strategy page of your profile to see the recommended paycheck contribution and accept or decline.

Replacement Income

Your Replacement Income is the percentage or amount of your current income you desire to receive during retirement. The Retirement Income Control Panel calculation defaults to 100% of your current take home pay during retirement in an effort to maintain the same standard of living you had while working.

If you think you will need more or less than 100% of your current take home pay in retirement, you may adjust this on the Retirement Income Control Panel to see how it affects your projected retirement income. To change the percentage or amount at the top of the page, click on the Edit link at the top of the "Retirement Information Used" tile.

Whether you need to replace 100% of your current take home pay once you retire depends on many factors. To help you estimate the percentage of your current take home pay you may need as Replacement Income, consider the following:

• Factors that may increase your Retirement Income needs: paying for higher healthcare expenses / long-term care expenses or paying for travel or entertainment expenses
• Factors that may decrease your Retirement Income needs: no longer paying for work clothing, commute transportation or some taxes

Market Performance

It is important to think about whether your current investment strategy has the potential to provide the retirement income you desire considering different market performance scenarios. The Retirement Income Control Panel allows you to model your investment strategy in three different market performance scenarios – "poor," "fair" and "good." The definitions of these market scenarios are as follows:

• Poor - By selecting a "poor" market performance, the Retirement Income Control Panel shows you a below average view of your retirement income projection based on a market performance that is significantly lower than historical averages. This means that in 90% of the historical market scenarios modeled, an asset allocation similar to yours performed at least as well as the results shown.
• Fair - By selecting a "fair" market performance, the Retirement Income Control Panel shows you an average view of your retirement income projection based on a market performance that is near the historical averages. This means that in 70% of the historical market scenarios modeled, an asset allocation similar to yours performed at least as well as the results shown.
• Good - By selecting a "good" market performance, the Retirement Income Control Panel shows you an above average view of your retirement income projection based on a market performance that is significantly higher than historical averages. This means that in 50% of the historical market scenarios run, an asset allocation similar to yours performed at least as well as the results shown.

My Retirement Account(s)

A green check next to My Retirement Account(s) in the Income Sources area means that your projected retirement income includes data about each of your retirement accounts that we maintain as part of our role as your retirement plan's recordkeeper. The account data used to calculate your projected retirement income includes your paycheck contribution rate (when applicable), account balance, and asset allocation.

The Retirement Income Control Panel calculation of your projected retirement income makes certain assumptions about your future savings in order to project your future retirement account balance(s). The Retirement Income Control Panel assumes that you will continue to contribute to your retirement account(s) at the same percentage of your salary that you currently contribute until you reach retirement age. It also assumes that your salary will continue to grow over time at the same rate as long-term inflation. Using these assumptions, The Retirement Income Control Panel calculates your future retirement account balance(s).

Pension

A green check next to Pension in the Income Sources area means that the Retirement Income Control Panel calculation of your projected retirement income includes data about your Pension account(s). If this data is provided by your current employer, please contact them to determine whether the pension data provided to us is based on your current vested benefit amount or your projected benefit amount.

If your retirement plan provides Advisory Services, you can add pension information to be included in the Retirement Income Control Panel calculation of your projected retirement income. The Pension information may be from a previous employer and/or your current employer if it is not already provided by them. To add Pension data, simply click the "Access Advisory Services" menu on the home page and then select the option to "enter more information and receive a more personalized strategy."

Social Security

A green checkmark next to Social Security in the Income Sources area at the top of the page means that the Retirement Income Control Panel calculation of your projected retirement income includes an estimate of your future Social Security retirement benefits.

Social Security retirement benefits are not intended to be a sole source of retirement income. In fact, if you are eligible for Social Security retirement benefits, it may only replace a fraction of your current take home pay.

You may choose whether or not to include Social Security retirement benefits in the Retirement Income Control Panel calculation of your projected retirement income. If you elect to include an estimate of your Social Security retirement benefits in the calculation, the Retirement Income Control Panel will assume that you will begin receiving benefits at age 67 or the default age noted by your employer (see Retirement Age above).

If your retirement plan provides Advisory Services, your social security retirement benefit amount can be customized. The Social Security Administration is the most accurate source of your future benefit information. In light of the current budget situation, they have suspended issuing Social Security Statements. You may be able to estimate your retirement benefit using their online Retirement Estimator.

To add Social Security data, simply click the "Access Advisory Services" menu on the home page and then select the option to "enter more information and receive a more personalized strategy."

Outside Assets

If your retirement plan provides Advisory Services, you can enter additional personal information financial data to increase the accuracy of your projected retirement income estimate. If you have provided any additional information, a green check will appear next to Outside Assets in the Income Sources area, which means that your projected retirement income includes that information.

The information can include other sources of income such as personal savings accounts; individual retirement accounts (IRAs); rental property; and spousal information such as salary, retirement and savings accounts, and Social Security information, if applicable.

The amount you may save in your retirement plan is limited by federal law and may be further limited by your plan's structure. In some cases, an additional outside account may allow you to save more for your retirement than what is allowed in your employer's retirement plan. If your retirement plan provides Advisory Services, the Retirement Income Control Panel calculation of your projected retirement income may include a suggestion to add an outside account to enhance your retirement savings opportunities.

To add personal information and/or financial data, simply click the "Access Advisory Services" menu on the home page and then select the option to "enter more information and receive a more personalized strategy."

If your retirement plan does not provide Advisory Services you cannot add outside assets to your projected retirement income estimate.