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Risks Associated with Particular Types of Securities Neither AAG nor its sub-advisers recommend a particular type of security. The plan sponsor or its agent is responsible for determining the retirement plan's menu of investment options. It is the participant's/account holder's responsibility for reading all disclosure and related materials, including prospectuses, statements of additional information and other similar material. Item 9—Disciplinary Information Registered investment advisers are required to disclose all material facts regarding any legal or disciplinary events that would be material to your evaluation of AAG or the integrity of AAG's management.AAG has no legal or disciplinary event to report relative to this Item. Item 10-Other Financial Industry Activities and Affiliations AAG is not a registered broker-dealer. However,due to the organizational structure of AAG's parent company,GWLA,certain registered representatives of GWFS are also supervised persons of AAG and are required to comply with AAG policies and procedures when acting in that capacity. AAG and its management persons are not registered as a futures commission merchant,commodity pool operator,a commodity trading advisor,or an associated person of the foregoing entities. Recordkeeping and Administrative Services Company Empower Retirement,LLC("Empower Retirement")is a comprehensive administrative and recordkeeping services provider for financial institutions and employers, which include educational, advisory, enrollment, and communication services for employer-sponsored defined contribution plans and associated defined benefit plans under Internal Revenue Code Section 401(a),401(k),403(b),408,and 457. Other Financial Industry Affiliations AAG has arrangements that are material to its advisory business or its clients/participants/account holders with the related entities shown below.These related entities may receive certain fees that are unrelated to AAG's fees for its Services. Insurance Companies Great-West Life&Annuity Insurance Company is an insurance company domiciled in the State of Colorado("GWLA"),AAG is a wholly owned direct subsidiary of GWLA. GWLA, pursuant to various agreements, may provide investment products, recordkeeping and other administrative services through its affiliates. Great-West Life & Annuity Insurance Company of New York is an insurance company domiciled in the State of New York ("GWL&ANY").AAG is an affiliate of GWL&ANY through common ownership where GWLA is the sole owner of both AAG and GWL&ANY.GWL&ANY,pursuant to various agreements,may provide investment products and administrative services through its affiliate,Empower Retirement,to retirement plans for which AAG may also provide its services. Broker-Dealer GWFS Equities,Inc.("GWFS"), an affiliate of AAG,is a registered limited broker-dealer and wholly owned subsidiary of GWLA, GWFS may provide wholesaling, direct sales, enrollment and/or communication services to retirement plans and their participants for which AAG may also provide its services. All transactions which occur as a result of participation in the Service are executed by GWFS. GWFS may receive compensation in the form of 12b-1 fees or other compensation from the mutual fund companies or from the other investments that may be available as investment options. Trust Company Great-West Trust Company,LLC("GWTC")is a trust company and affiliate of AAG.GWTC is a wholly owned subsidiary of GWLA. GWTC is chartered under the laws of the State of Colorado, GWTC may provide discretionary or directed trustee and/or custodial services for AAG's clients. GWTC also serves as the trustee for certain collective investment trusts, which may be available as investment options,and is the custodian of all Empower Premier IRA accounts. 13