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® PLAN FOR RETIREMENT AFN 32287_1214 AFN 32287_1007 1 ® PLAN FOR RETIREMENT AFN 32287_1214 AFN 32287_1007 1

® Why Mutual of Omaha Retirement Services? • Proven financial strength and stability • ® Why Mutual of Omaha Retirement Services? • Proven financial strength and stability • Customer-focused core values Investment options are underwritten by either United of Omaha Life Insurance Company or Companion Life Insurance Company, wholly owned subsidiaries of Mutual of Omaha. 2

® Important Upcoming Dates: • Open Enrollment: • Black Out Begins: • Black Out ® Important Upcoming Dates: • Open Enrollment: • Black Out Begins: • Black Out Ends: [week of] 3

® Today’s Agenda • • • Why save for retirement? What is a 401(k) ® Today’s Agenda • • • Why save for retirement? What is a 401(k) plan? How much do you need to save? Where should you invest your money? How do you get started? Specific features about your plan 4

® Why Save for Retirement? • Social Security will not be enough • The ® Why Save for Retirement? • Social Security will not be enough • The impact of inflation • Increased years in retirement 5

® 2012 Income Sources for Retirees ASSET INCOME 11% SOCIAL SECURITY 37% PENSIONS 19% ® 2012 Income Sources for Retirees ASSET INCOME 11% SOCIAL SECURITY 37% PENSIONS 19% OTHER 3% EARNINGS 30% Source: Social Security Administration, Income of the Aged Chartbook, 2010, released March 2012 6

® Higher Cost of Inflation TAKE A LOOK AT HOW PRICES MAY CHANGE OVER ® Higher Cost of Inflation TAKE A LOOK AT HOW PRICES MAY CHANGE OVER TIME: 2012 IN 15 YEARS IN 25 YEARS NEW CAR $28, 400 $42, 040 $54, 610 WEEK-LONG VACATION $2, 500 $3, 700 $4, 810 WINTER COAT $150 $222 $288 1 LB. OF COFFEE $4. 10 $6. 07 $7. 88 Sources: Inflation Data. com, 2012 Current prices are estimates. Future prices based on an annual 2. 65 percent rate of inflation. 7

® Increased Years in Retirement WHY DOES MY LIFE EXPECTANCY MATTER? 8 ® Increased Years in Retirement WHY DOES MY LIFE EXPECTANCY MATTER? 8

® What is a 401(k) Plan? • A retirement plan offered by your employer ® What is a 401(k) Plan? • A retirement plan offered by your employer • You contribute • Your employer may contribute matching contributions • Convenience • Tax advantages 9

® Advantages of Investing Pretax Dollars Assumes Adam and Michael are in a 27. ® Advantages of Investing Pretax Dollars Assumes Adam and Michael are in a 27. 5 percent tax bracket. Calculation shows federal income tax withholding only. 10

® How Much Do You Need to Save? • Identify personal needs • Develop ® How Much Do You Need to Save? • Identify personal needs • Develop a plan 11

® How Much Money Will I Need? Age Annual Salary Amount Needed at Retirement ® How Much Money Will I Need? Age Annual Salary Amount Needed at Retirement 25 $20, 000 $40, 000 $60, 000 $80, 000 $286, 037 $810, 466 $1, 470, 965 $2, 181, 130 35 $20, 000 $40, 000 $60, 000 $80, 000 $207, 741 $588, 619 $1, 068, 321 $1, 584, 094 45 $20, 000 $40, 000 $60, 000 $80, 000 $150, 876 $427, 498 $775, 892 $1, 150, 483 55 $20, 000 $40, 000 $60, 000 $80, 000 $109, 577 $310, 480 $563, 509 $835, 544 12 This chart is for illustration purposes only. Not intended to be investment advice; consult your financial/tax adviser for information about your specific situation. Assumes pretax savings through this plan and other tax deferred savings, no change in Social Security benefits, a 6 percent annual rate of return on investments after retirement, retiring at age 67 and living until age 85, with all funds exhausted by age 85. Assumes that salary and payout will grow at an annual rate of inflation of 3. 25 percent.

® How Much Should I Contribute? Age Annual Salary Suggested Contribution Percent Suggested Weekly ® How Much Should I Contribute? Age Annual Salary Suggested Contribution Percent Suggested Weekly Contribution 25 $20, 000 $40, 000 $60, 000 $80, 000 8% 11% 14% 15% $30 $86 $156 $231 35 $20, 000 $40, 000 $60, 000 $80, 000 11% 16% 19% 21% $43 $121 $219 $325 45 $20, 000 $40, 000 $60, 000 $80, 000 17% 24% 29% 32% $65 $184 $334 $495 55 $20, 000 $40, 000 $60, 000 $80, 000 32% 45% 54% 60% $121 $344 $623 $924 13 This chart is for illustration purposes only. Chart computes contributions suggested to reach 75 percent of income needed for retirement. Not intended to be investment advice; consult your financial/tax adviser for information about your specific situation. Some amounts may exceed plan- or IRS-imposed participant contribution limits for defined contribution plans. Check the Plan Highlights section of your enrollment book for the IRS-imposed contribution limits.

® Why is Time Important? The Benefits of Starting Early Even though Alana contributed ® Why is Time Important? The Benefits of Starting Early Even though Alana contributed more money to her retirement savings plan, Suzanne ended up with nearly twice as much at age 65. Why? Because Suzanne started early and took advantage of the power of time and compounding. This illustration assumes a 6 percent earned rate per year with money deposited at the beginning of the month. This rate is used for illustration purposes only and doesn't represent the actual performance of any specific investment. There’s no guarantee that any particular return will be achieved, and past performance is no guarantee of future results. Investment returns will vary and principle values, when redeemed, may be worth more or less than the original investment. Where applicable, figures have been reduced based on a tax rate of 27. 5 percent. 14 $191, 696 $136, 694

® Where Should I Invest My Money? • Professional investment portfolios • Risk-based • ® Where Should I Invest My Money? • Professional investment portfolios • Risk-based • Time-based • Build your own portfolio • Professionally managed account options • Self-directed Brokerage Account (SDBA)* *Not all plans qualify for the SDBA. Additional fees may apply. Not intended to be investment advice. 15

® Time Horizon 16 ® Time Horizon 16

® Risk/Return Profiles 17 ® Risk/Return Profiles 17

® Simplified Investing Through Professional Investment Portfolios • • Portfolios that match your needs ® Simplified Investing Through Professional Investment Portfolios • • Portfolios that match your needs Rigorous expert selection process Professional diversification Automatically rebalanced based on pre-set allocation over time 18

® Mutual Directions Portfolios ® • Series of five risk-based portfolios • One investment ® Mutual Directions Portfolios ® • Series of five risk-based portfolios • One investment decision (determined by risk tolerance) • Designed to meet the objectives of the conservative to aggressive investor 19

® Mutual Directions Portfolios ® Conservative to Aggressive Portfolios Diversification does not ensure a ® Mutual Directions Portfolios ® Conservative to Aggressive Portfolios Diversification does not ensure a profit or protect against a loss in a declining market. 20

® Which Portfolio is Right for You? 21 ® Which Portfolio is Right for You? 21

® Glide. Path Retirement Series SM Glide. Path Retirement portfolios are designed to help ® Glide. Path Retirement Series SM Glide. Path Retirement portfolios are designed to help investors achieve a broadly diversified portfolio that will gradually become more conservative in its allocation as the target retirement date nears. The portfolios continue to be allocated along their investment “glidepaths” for approximately 20 years beyond the target retirement date. Glide. Path Retirement portfolios offer higher equity exposure at the target retirement date than “to retirement” style time based portfolios. Diversification does not ensure a profit or protect against a loss in a declining market. 22

® Glide. Path Retirement Series SM Glide. Path Retirement 2005 Glide. Path Retirement 2025 ® Glide. Path Retirement Series SM Glide. Path Retirement 2005 Glide. Path Retirement 2025 Glide. Path Retirement 2045 Designed for investors who intend to retire within five years of 2005. Designed for investors who intend to retire within five years of 2025. Designed for investors who intend to retire within five years of 2045. Glide. Path Retirement 2010 Glide. Path Retirement 2030 Glide. Path Retirement 2050 Designed for investors who intend to retire within five years of 2010. Designed for investors who intend to retire within five years of 2030. Designed for investors who intend to retire within five years of 2050. Glide. Path Retirement 2015 Glide. Path Retirement 2035 Glide. Path Retirement 2055 Designed for investors who intend to retire within five years of 2015. Designed for investors who intend to retire within five years of 2035. Designed for investors who intend to retire within five years of 2055. Glide. Path Retirement 2020 Glide. Path Retirement 2040 Glide. Path Retirement 2060 Designed for investors who intend to retire within five years of 2020. Designed for investors who intend to retire within five years of 2040. Designed for investors who intend to retire within five years of 2060. 23

® Vanguard® Target Retirement Funds are time-based investments that become more conservative as the ® Vanguard® Target Retirement Funds are time-based investments that become more conservative as the target retirement date nears. Vanguard Target Retirement Funds offer lower equity exposure at the target retirement date than “through retirement” style time-based portfolios. Diversification does not ensure a profit or protect against a loss in a declining market. All Vanguard Target Retirement funds are managed by The Vanguard Group, Inc. Vanguard and Mutual of Omaha are not affiliated companies. 24

® Vanguard® Target Retirement Funds Vanguard Target Retirement Income Fund Vanguard Target Retirement 2030 ® Vanguard® Target Retirement Funds Vanguard Target Retirement Income Fund Vanguard Target Retirement 2030 Fund Vanguard Target Retirement 2050 Fund Designed for investors already in retirement. Designed for investors who intend to retire within five years of 2030. Designed for investors who intend to retire within five years of 2050. Vanguard Target Retirement 2015 Fund Vanguard Target Retirement 2035 Fund Vanguard Target Retirement 2055 Fund Designed for investors who intend to retire within five years of 2015. Designed for investors who intend to retire within five years of 2035. Designed for investors who intend to retire within five years of 2055. Vanguard Target Retirement 2020 Fund Vanguard Target Retirement 2040 Fund Vanguard Target Retirement 2060 Fund Designed for investors who intend to retire within five years of 2020. Designed for investors who intend to retire within five years of 2040. Designed for investors who intend to retire within five years of 2060. Vanguard Target Retirement 2025 Fund Vanguard Target Retirement 2045 Fund Designed for investors who intend to retire within five years of 2025. Designed for investors who intend to retire within five years of 2045. 25 *Vanguard is a trademark of The Vanguard Group, Inc.

® T. Rowe Price Personal Strategy Funds Conservative to Aggressive Portfolios Diversification does not ® T. Rowe Price Personal Strategy Funds Conservative to Aggressive Portfolios Diversification does not ensure a profit or protect against a loss in a declining market. 26

® T. Rowe Price Personal Strategy Funds • Managed by T. Rowe Price using ® T. Rowe Price Personal Strategy Funds • Managed by T. Rowe Price using primarily individual securities • Rebalanced by T. Rowe Price, within defined ranges, based on economic outlook, interest rates and financial markets • Actively managed 27

® Build Your Own • • Customized portfolios High level of involvement Carefully selected, ® Build Your Own • • Customized portfolios High level of involvement Carefully selected, monitored investment options Self-directed brokerage account* *Not all plans qualify for the SDBA. This feature may impact pricing. 28

® Monitored Funds Fixed Income/Bonds • • Black. Rock High Yield Bond Portfolio Bond ® Monitored Funds Fixed Income/Bonds • • Black. Rock High Yield Bond Portfolio Bond Index Fund Guaranteed Account* Lifetime Guaranteed Income Account** Metropolitan West Total Return Bond Fund PIMCO Total Return Fund Templeton Global Total Return Fund TIPS Index Fund Domestic Stock Funds • • AB Discovery Value Fund Allianz. GI NFJ Dividend Value Fund *The Guaranteed Account is an individual investment choice that is not part of the Mutual Directions ® or Glide. Path Retirement SM Series is not part of the program used by Mutual of Omaha to monitor the portfolios and their underlying funds at the product level. **Lifetime Guaranteed Income Account (Rider Forms 651 -GAQR-10 or 651 -GAQR-10(CT) or 651 -GAQR-10(OR)) may not be available in all states and specific features may vary by state. Availability may vary by plan. The Lifetime Guaranteed Income Account is not available in New York or Nevada. Availability may vary by plan and may change over time. 29

® Monitored Funds (Continued) Domestic Stock Funds (continued) • • Goldman Sachs Small Cap. ® Monitored Funds (Continued) Domestic Stock Funds (continued) • • Goldman Sachs Small Cap. Value Fund • Growth Stock Index Fund • Harbor Capital Appreciation Fund • • • Clear. Bridge Small Cap Growth Fund** John Hancock Disciplined Value Mid Cap Fund • Lord Abbett Value Opportunities Fund • MFS Value Fund • Mid Cap Stock Index Fund • Prudential Small Cap Value Fund * Not available in New York. ** Only available in New York Availability may vary by plan and may change over time. 30 Royce Total Return Fund Small Cap Stock Index Fund Small Company Fund* Stock Market Index Fund T. Rowe Price Growth Stock Fund Value Stock Index Fund Vanguard® Morgan Growth Fund Vanguard® Windsor II™ Fund Waddell & Reed New Concepts Fund William Blair Small-Mid Cap Growth I Fund

® Monitored Funds (Continued) International Stock Funds Specialty Funds • Causeway International Value Fund ® Monitored Funds (Continued) International Stock Funds Specialty Funds • Causeway International Value Fund • Cohen & Steers Institutional Realty Shares • Emerging Markets Index Fund • Franklin Growth Fund • Harbor International Fund • Oppenheimer Global Fund • International Developed Countries Fund • PIMCO All Asset Fund • International Stock Index Fund • MFS International Growth Fund • Vanguard Global Equity Fund • Wells Fargo Advantage Emerging Markets Equity Fund Availability may vary by plan and may change over time. 31

® Self-directed Brokerage Account For participants who want to select and trade in: • ® Self-directed Brokerage Account For participants who want to select and trade in: • Individual stocks listed on major U. S. stock exchanges • New York Stock Exchange • American Stock Exchange • NASDAQ • Fixed income funds including U. S. government and corporate securities • A large list of mutual funds Additional fees apply. 32

® Professionally Managed Account Options For participants who want a “do it for me” ® Professionally Managed Account Options For participants who want a “do it for me” approach • Personalized retirement strategy recommendations • Professional account management • Regular monitoring and detailed reports Additional fees apply. 33

® Professionally Managed Account Option Stadion • Fully automated feature • Manages investments based ® Professionally Managed Account Option Stadion • Fully automated feature • Manages investments based on current market conditions • Defaulted based on age or individual preference Additional fees apply. 34

® Stadion Managed Account Portfolio New Portfolio Current Portfolio Line Up 10% 15% 25% ® Stadion Managed Account Portfolio New Portfolio Current Portfolio Line Up 10% 15% 25% 40% 25% 55% 40% 50% 50% 65% 50% 40% 35% 25% 10% Maximum Growth Age: 35 and Under Growth Age: 36 -49 Core Fixed Income – This portion always remains invested in fixed income positions. Moderate Growth Age: 50 -59 Balanced Age: 60 -64 Flex – We invest this portion in equity, fixed income, or cash and other stable value positions depending on current market conditions. Conservative Age: 65 -69 5% Cap Pres Age: 70 and over Core Equity – This portion always remains invested in equity positions. Past performance does not guarantee future returns. Investments are subject to risk, and any of Stadion’s investment strategies may lose money. Investment return and principal value of an investment will fluctuate so that an investor's portfolio may be worth more or less than their original investment. Stadion’s actively managed portfolios may underperform during bull markets. All Stadion portfolios are managed by Stadion Money Management, LLC. Stadion and Mutual of Omaha are not affiliated companies.

® A traditional balanced fund uses a static asset allocation strategy. Traditional Balanced Fund ® A traditional balanced fund uses a static asset allocation strategy. Traditional Balanced Fund A significant portion of the portfolios – the Flex component – can be invested in equity positions or fixed income/cash positions based on market risk conditions. Stadion Balanced Portfolio Equity Low Risk Environment Fixed Income High Risk Environment Flex Portion Past performance does not guarantee future returns. Investments are subject to risk, and any of Stadion’s investment strategies may lose money. Investment return and principal value of an investment will fluctuate so that an investor's portfolio may be worth more or less than their original investment. Stadion’s actively managed 36 portfolios may underperform during bull markets. All Stadion portfolios are managed by Stadion Money Management, LLC. Stadion and Mutual of Omaha are not affiliated companies.

® Professionally Managed Account Option Morningstar® Retirement Manager™ • Professional investment guidance • Managed ® Professionally Managed Account Option Morningstar® Retirement Manager™ • Professional investment guidance • Managed account services • Ongoing account review Additional fees apply. 37

® Qualified Default Investment Alternatives (QDIA) Your Plan’s QDIA solution: • • Stadion Morningstar® ® Qualified Default Investment Alternatives (QDIA) Your Plan’s QDIA solution: • • Stadion Morningstar® Retirement Manager. TM Glide. Path Retirement. SM Series Vanguard Target Retirement Funds 38

® How Do I Get Started? • • Determine how much to contribute Complete ® How Do I Get Started? • • Determine how much to contribute Complete Risk Tolerance Questionnaire Choose how to invest your money Complete the enrollment forms 39

® How Do I Get Started With Online Enrollment? • Go to www. getretirementright. ® How Do I Get Started With Online Enrollment? • Go to www. getretirementright. com 40

® Online Enrollment – 1 st Time Log In • 1 st time Click ® Online Enrollment – 1 st Time Log In • 1 st time Click “Need to Register” 41

® Online Enrollment – What You Need • Social Security Number • Date of ® Online Enrollment – What You Need • Social Security Number • Date of Birth • Zip Code 42

® Step 1 – Plan Highlights 43 ® Step 1 – Plan Highlights 43

® Step 2 – Deferral 44 ® Step 2 – Deferral 44

® Step 2 – Deferral Completed 45 ® Step 2 – Deferral Completed 45

® Step 3 – Choose Investments 46 ® Step 3 – Choose Investments 46

® Step 4 – Designate Beneficiary • Must have all of these to complete ® Step 4 – Designate Beneficiary • Must have all of these to complete Beneficiary Designation 47

® Step 5 – Confirm Enrollment 48 ® Step 5 – Confirm Enrollment 48

® Setting Your Retirement Goals • Click here to determine your retirement goals 49 ® Setting Your Retirement Goals • Click here to determine your retirement goals 49

® Online Tools – Paperless Statements àYour Profile àView Profile • Email Address: email ® Online Tools – Paperless Statements àYour Profile àView Profile • Email Address: email validation is a 4 step process. Once complete, you will receive an email when your statement is available to view • Click on “paper” if you want a statement mailed to your home. 50

® Your Plan Features • Plan highlights • Plan tools 51 ® Your Plan Features • Plan highlights • Plan tools 51

® Plan Highlights • • • Eligibility Contributions Vesting Investment options Loans Distributions 52 ® Plan Highlights • • • Eligibility Contributions Vesting Investment options Loans Distributions 52

® Roth 401(k) – More Ways to Save for Retirement • • • After-tax ® Roth 401(k) – More Ways to Save for Retirement • • • After-tax contributions Tax-free withdrawals* No income restrictions Eligible for matching contributions** Eligible for rollover into another qualified plan *Contributions must remain in the plan for 5 years from the first time Roth 401(k) contributions are made and begin after age 59 ½. Roth contributions are not available to be withdrawn as a loan, even if your plan permits plan loans. **Check your plan provisions. 53

® What is more advantageous – Roth or Pretax You may want to consider ® What is more advantageous – Roth or Pretax You may want to consider pretax contributions if: You may want to consider Roth contributions if: • Minimizing the taxes you pay today is very important to you • You want your retirement savings to be tax free when withdrawn (subject to IRS conditions) • You think your tax rates will be lower when you retire than they are today • You think your tax rates will be higher when you retire than they are today • The current tax savings you get by making pretax contributions is substantial • Your personal tax situation limits the benefits of pretax contributions today (your income is low or you have high tax deductions or credits) • Increasing your income would reduce tax credits you may be eligible for now • You plan to leave the money in the plan until you retire • You believe the certainty of an immediate tax reduction outweighs a potentially larger, but uncertain tax reduction in the future • • You have the self-discipline to take the tax savings and invest them for retirement You are younger and have a long time to accumulate earnings on your contributions (compounding earnings will have a greater impact on the amount distributed tax free) • You are not eligible for a Roth IRA due to income limitations 54

® Convenient Customer Service Options Interactive Voice Response (IVR) System • 1 -888 -917 ® Convenient Customer Service Options Interactive Voice Response (IVR) System • 1 -888 -917 -7191 Speak with a Retirement Specialist • • Call IVR System Press 0 7: 00 a. m. – 7: 00 p. m. (CST) Monday - Friday 55

® Quick Access Web site: Get. Retirement. Right. com/URL • • • Account balance ® Quick Access Web site: Get. Retirement. Right. com/URL • • • Account balance information Investment election changes Deferral percentage changes Transfers among current funds Sample loan modeling Loan requests Statements on demand Fund performance information Distribution requests Retirement planning tools Wireless application protocol 56

® Education and Planning Tools Smart. Plan Enterprise. SM Go to Getretirementright. com/smartplan/URL 57 ® Education and Planning Tools Smart. Plan Enterprise. SM Go to Getretirementright. com/smartplan/URL 57

® Remember • • Start saving early Contribute regularly Choose investments that meet your ® Remember • • Start saving early Contribute regularly Choose investments that meet your unique needs Online and telephone support is always available 58

® Questions? ® Questions?

® Important Information All graphs and charts are for illustration purposes only and do ® Important Information All graphs and charts are for illustration purposes only and do not represent actual performance of specific investments. Your investment results will differ. Unless noted, illustrations assume 6 percent growth per year with money deposited at the beginning of the month. Figures have been reduced based on a tax rate of 27. 5 percent. Taxes must be paid when funds are withdrawn. This presenter does not offer investment advice, legal advice, tax advice or tax opinions. Consult with your investment, legal or tax professional before taking any action based on this information. Past performance is no guarantee of future results. Investment options are offered through a group variable annuity contract (Forms [902 -GAQC-09, 903 -GAQC-14 FL, 903 -GAQC-14 MN, 903 GAQC-14 OR, 903 -GAQC-14 TX], or state equivalent) underwritten by United of Omaha Life Insurance Company for contracts issued in all states except New York. United of Omaha Life Insurance Company, Omaha, NE 68175 is licensed nationwide except in New York. Companion Life Insurance Company, Hauppauge, NY 11788 is licensed in New York and underwrites the group variable annuity [(Form 900 -GAQC-07(NY))]. Each company accepts full responsibility for each of their respective contractual obligations under the contract but does not guarantee any contributions or investment returns except as to the Guaranteed Account and the Lifetime Guaranteed Income Account as provided under the contract. Specific features of the Lifetime Guaranteed Income Account vary by state. Restrictions apply. The Lifetime Guaranteed Income Account is not available in Nevada or New York. Neither United of Omaha Life Insurance Company, Companion Life Insurance Company, nor their representatives or affiliates offers investment advice in connection with the contract. Group variable annuities are long-term investment vehicles designed to accumulate money on a tax-deferred basis for retirement purposes. Distributions may be subject to ordinary income tax and, if taken prior to age 59½, a 10 percent federal tax penalty may apply. Investing in a group variable annuity involves risk, including possible loss of principal. Mutual Directions: The performance of the portfolios is dependent on the performance of their underlying funds, and will assume the risks associated with these funds. The risks will vary according to each portfolio's asset allocation, and the risk level assigned to each portfolio is intended to reflect the relative short-term price volatility among the funds in each. Investment return and principal value of security investments will fluctuate. The value at the time of redemption may be more or less than the original cost. Past performance is no guarantee of future results. Diversification does not ensure a profit or protect against loss in a declining market. Investments in target date funds are subject to the risks of their underlying funds. The year in the fund name refers to the approximate year (the target date) when an investor in the fund would retire and leave the work force. The fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. A target date fund is not guaranteed at any time, including on or after the target date. 60

® Important Information Glide. Path/Vangaard Target: The year in the target date fund name ® Important Information Glide. Path/Vangaard Target: The year in the target date fund name refers to the approximate year when an investor in the fund would retire and leave the work force. The fund will gradually shift its emphasis from more aggressive investments to more conservative investments based on the target date. The equity allocation of the Vanguard Target Retirement Funds is relatively more conservative closer to and at retirement while the retirement strategy of the Mutual Glide. Path funds translates into an equity allocation that is somewhat more aggressive in order to protect against longevity risk. Vanguard's glide path converts to the Vanguard Target Retirement Income Fund, with a static asset allocation, following the seventh year of reaching the named target date. The Mutual Glide. Path funds' underlying investment allocations continue adjusting along the glide path for approximately twenty years beyond the named target date. The return of principal for the underlying funds in a target date fund is not guaranteed at any time, including on or after the target date. Although the target date funds are managed for investors on a projected retirement date time frame, the fund's allocation strategy does not guarantee that investors' retirement goals will be met and a target date fund should not be invested in based solely on age or retirement date. Unit price, principal value and return will vary and an investor may have a gain or loss when units are sold. Roth contributions are not available to be withdrawn as a loan, even if your plan permits plan loans. Prior to selecting investment options for your retirement account, you should consider the investment objectives, risks, fees and expenses of each option carefully. For this and other important information, you should review your enrollment materials or the participant website. Read this information carefully. 61