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Management will only recommend asset classes that can be fulfilled by an investment option or combination of investment options within the plan. Investment Strategy If you are accumulating for retirement savings,the investment strategy is generally based on information such as managed account balance,expected retirement age,contribution rate and other preferences provided by the individual.If the individual has already retired,and if the plan provider offers a guaranteed lifetime withdrawal benefit program,the strategy is based on information such as the current account balance, additional cash flows, and life expectancy. This retirement strategy may include some or all of the following: Retirement Income Goal(accumulation phase): Morningstar Investment Management defines the retirement income goal as the projected amount of money that will be needed by the individual throughout retirement. This calculation is based on current income, adjusted to reflect the estimated dollar value at retirement age. Typically, Morningstar Investment Management uses an amount equal to 100%of take-home pay(although some plan providers may request a different rate, e.g.,80%of gross pay),and then projects the value of that amount at retirement age to determine a retirement income goal. The individual has an option to change this projected retirement income amount. Income Outlook(accumulation phase): Morningstar Investment Management defines the income outlook as a projection of the annual income that the individual may receive during retirement.This is based on an annualized view of the accumulated investment wealth,combined with social security benefits and any pension or other income provided to AAG, Total Retirement Income (in-retirement phase): If your plan provider or plan sponsor offers the in-retirement services, Morningstar Investment Management defines total retirement income as the projected amount of money,that one can expect to receive on an annual basis in order to maintain income throughout retirement. IMPORTANT: When Morningstar Investment Management determines the income projections described above, these projections are based on hypothetical performance data and do not represent actual or guaranteed results.Your projections may vary over time with each additional use of the service. Risk Strategy Morningstar Investment Management determines a risk strategy based on several factors,such as current age and time until retirement,gender,salary,total current wealth,deferral rate,and retirement goals. If the individual can purchase an annuity and has retired or is approaching retirement, the risk strategy also considers longevity and liquidity needs. The risk level corresponds to an asset mix, or the combination of mutual funds, commingled funds, separate accounts, exchange-traded funds, and cash alternatives, that will serve as the basis for the recommendations of specific funds appropriate for the individual. Estimated Tax Morningstar Investment Management estimates federal, state income, and capital gains taxes based on marginal tax rate calculations.These calculations are used when Morningstar Investment Management conducts income simulations.Tax data is updated annually based on the United States Internal Revenue Code(IRC)and similar state tax data.Morningstar Investment Management uses income data for the individual and their spouse/partner to estimate federal and state tax exposure.The tax exposure is appropriately reduced for pre-tax deferrals,tax-deferred capital gains,and yield and distribution of Roth proceeds. Based on the information that the individual provides, Morningstar Investment Management provides an estimate of the tax exposure but may not include all tax considerations. Please consult a tax adviser for a complete understanding of your tax situation. General Risks of Investing Investing in securities involves risk of loss that clients should be prepared to bear. Neither AAG nor Morningstar Investment Management or their affiliates guarantees that the recommendations will result in achieving the retirement income goal. Neither AAG nor Morningstar Investment Management or their affiliates can guarantee that negative returns can or will be avoided in any of the recommendations. An investment's future performance may differ substantially from its historical performance and as a result,may incur a loss. Past performance is no guarantee of future results.Additionally,the plan 11