your guide to retirement savings · 2016-08-05 · less of an impact on your take home pay than...

Your Guide toRetirement SavingsA Penny Saved 401(k) Plan

Enrollment GuideOffered by:

Every Penny Counts1801 Market Street Suite 1000Philadelphia, PA 19103

Phone: (555) 5555555Email: [email protected]

© Copyright 2016 The Advisor Lab LLC 2

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Congratulations!Every Penny Counts 2 is pleased to welcome you to the A PennySaved 401(k) Plan. The Plan is designed to help you save and investfor retirement. It's one way to thank you for contributing to oursuccess.

This Guide walks you through the enrollment process and the benefits of our Plan in particular. Startingyour retirement planning today, offers more choices for your life tomorrow. There is no time like thepresent to get started!

Your Next Steps:

1. Review this Enrollment Guide.

2. Enroll in our Plan by logging into our Plan's website,WebAccountLink.com.

We want to help!

For more information about our Plan's investment options, please contact our Plan's advisor, Jon Advisorof Every Penny Counts at (555) 5555555 or [email protected]. If you have questions about your accountor our Plan's website, please contact a PCS service representative at (888) 6215491. We are available24 hours a day, 7 days a week, to assist you with your needs.

We hope that you will take full advantage of this important benefit.

About PCS, The Plan's Recordkeeper

Consistently recognized as one of the fastest growing independent record keepers in the country,Professional Capital Services (PCS) was founded by tax and ERISA attorneys to provide sophisticatedretirement programs for the corporate, professional and governmental markets. PCS is a conflictfreeindependent retirement plan platform, offering a vast menu of investments free from proprietary funds andconflicts of interest. PCS has consistently made the Inc. 5000 list of fastest growing privately heldcompanies. PCS was awarded a “AAA” rating from Roland|Criss for Superior Quality ManagementSystem and Strongest Fiduciary Support Safety! PCS is also certified by CEFEX (The Centre forFiduciary Excellence) as adhering to the American Society of Pension Professionals & Actuaries'(ASPPA) standard of practice for recordkeepers.

© Copyright 2016 The Advisor Lab LLC

http://webaccountlink.com


Table of Contents

Getting Started is Easy! Page 5Enrolling is as easy as 1, 2, 3

Retirement Plan Basics Page 8Why you need to start saving todayTop retirement plan mistakes and how to avoid them

Retirement Needs Page 12How much do I still need to save?

Risk Profile: Choosing the Right Path Page 13How should I invest my retirement savings?What are my investment options?

Important Notices Page 18Qualified Default Investment Alternative NoticeSafe Harbor NoticeAnnual Participant DisclosureAuto Enrollment Notice Universal Availablility Notice

Universal Availablility NoticeSafe Harbor NoticeAuto Enrollment NoticeSafe Harbor NoticeUniversal Availablility NoticeSafe Harbor NoticeSafe Harbor NoticeUniversal Availablility NoticeSafe Harbor NoticeAuto Enrollment NoticeSafe Harbor NoticeUniversal Availablility NoticeSafe Harbor NoticeAuto Enrollment NoticeAuto Enrollment NoticeAuto Enrollment NoticeAuto Enrollment NoticeAuto Enrollment NoticeUniversal Availablility NoticeUniversal Availablility NoticeSafe Harbor NoticeUniversal Availablility NoticeUniversal Availablility NoticeUniversal Availablility Notice

Forms Page 30Investment Election WorksheetContribution Election WorksheetBeneficiary Designation Worksheet

Plan Investments Page 35Information about each investment option


Getting Started is Easy!

To start, log into WebAccountLink.comYour temporary User ID is your Social Security number and your temporary PIN is the last four digits ofyour Social Security number.Your temporary User ID is your Social Security number and your temporary PIN is the last four digits ofyour Social Security number.

Note: Please exclude anydashes in your SocialSecurity number whenentering it here.

Rather than using"XXXXXXXXX", use"XXXXXXXXX".

After logging in, follow these easy steps to setup your account:

Step 1:Account Setup• Choose your User ID and Password. Pleasenote that your User ID and Password are casesensitive. Enter your User ID (612alphanumeric characters). Enter your PIN (68alphanumeric characters).

• Answer the security questions. The first timeyou log in, you will be asked to select foursecurity questions and provide answers toeach. These will be used as verification whenretrieving a lost password or if you are loggingon from an unfamiliar or public computer. Theanswers you provide are case sensitive.

http://webaccountlink.com


Getting Started is Easy!

Step 2:BeneficiariesYour primary beneficiary is your first choice to receive retirementbenefits in the event of your death. You can name more than oneperson or entity as your primary beneficiary. If you are married,your spouse must consent to any change. If your primarybeneficiary doesn't survive you or decides to decline the benefits,then your secondary (or "contingent") beneficiaries will receiveyour benefits.

Step 3:Contribution ElectionSelect your desired contribution amounts.

Determine if you want it to be a percentage or dollar amount eachpay period. Use the retirement savings calculator to determine thetax advantage of making contributions.

Step 4:Investment ElectionChoose your investments and your allocations.

Make sure your allocation percentage totals 100% beforeproceeding. For information about available investments, see page14 of this enrollment guide.

Step 5:ConfirmationIn this final step, you should review all the information you haveentered for accuracy. You can edit any information here before youconfirm. You will not be able to confirm until all other steps havebeen completed.


Getting Started is Easy!We give you the tools and support youneed to be ready for retirement.

Need help determining if you're on track for retirement?Find out with our RetireOnTime™ Retirement Readiness Tool!

RetireOnTime™ allows you to enter information about yourretirement assets outside your plan, offering a completeassessment of your chances of reaching your retirementgoals. RetireOnTime™ then provides you with a report ofyour results and options, which may include adjusting levelsof your contribution to improve your retirement projections.

I'm enrolled in the Plan.Now what?Now that you're enrolled,learn the benefits of contributing.

Being enrolled into the plan is just the first step toward beingready for retirement. The following pages will show you thebenefits of regularly contributing to your plan, including taxsavings and compound growth.


Retirement Plan BasicsParticipating in the Plan offers you the potential to pay less in taxes.

• Your contributions may lower your taxable income, and mayeven put you in a lower tax bracket.

• Assets in your account can grow tax deferred.

• If your plan allows for Roth contributions and you elect thisoption, you won't get an up front taxdeduction but youraccount (both contributions and earnings) can grow taxfreeand withdrawals taken during retirement are not subject toincome tax once you are 591/2 and you have held theaccount for five years or more.

Contributions to yourretirement plan canreduce your taxableincome, and maylower your currentfederal income taxes.

Here's an example:Bob is single and earns an annual income of $50,000. He contributes $200/month to his retirement plan.Bob will pay $578 less in federal income taxes than if he did not contribute to his retirement plan!

Bob's Federal Tax*

Bob's taxable income before contributing: $50,000 $8,271

Annual pretax contributions ($200 x 12): $2,400

Bob's taxable income after contributing: $47,600 $7,694*Based on 2016 tax rates.

Enjoy federal tax savings on your contributions.The table below shows you the estimated federal tax savingsbased on a 6% contribution rate for different income levels.

See how muchyou can save!

TaxableIncome

% ofAnnualIncome

MonthlyContributions

AnnualContributions Tax Savings

$15,000 6% $75 $900 $133

$20,000 6% $100 $1,200 $178

$30,000 6% $150 $1,800 $268

$40,000 6% $200 $2,400 $578

$50,000 6% $250 $3,000 $728

$60,000 6% $300 $3,600 $878

$70,000 6% $350 $4,200 $1,028

$80,000 6% $400 $4,800 $1,178


Retirement Plan Basics (continued)Compounding earnings will help your savings grow.Earnings on investments in your account also grow taxdeferred until you begin taking withdrawals, thuscompounding your account's growth over time.

The value of $1,000 compounded at various rates of return over time as follows:

Years 4% 6% 8% 10%

10 $1,481 $1,791 $2,159 $2,594

20 $2,191 $3,207 $4,661 $6,728

30 $3,243 $5,743 $10,063 $17,449

ExampleIf Lisa saved $500/month for 30 years, and earned an average taxdeferred annual return of 5% shewould end up with $407,688. Lisa's contributions would be $180,000 and the rest of her account –$227,688 – would be compounded earnings.

5 10 15 20 25 30

$33,907

$77,182

$132,412

$202,902

$292,867

$407,688

$227,688

$180,000

Years


Retirement Plan Basics (continued)Why you need to start saving today.

Everyone dreams of a retirement free fromfinancial worries. In spite of what you may hear,a financially secure retirement is possible, butproper planning and preparation are essential.

It's a fact the earlier you begin saving, the better off you'll be when you retire. One thing is for sure,retirement plans don't work unless you take advantage of them. So start saving today!

Try to divert as much of your earnings into savings as you can. If you don't have a budget, createone. If you do have a budget, revise it to reflect your new commitment to saving, as well as anyrecent changes in your spending. Chip away at wasteful habits such as expensive dinners or unusedgym memberships.

Access to sophisticatedinvestment support!

More great reasons to join the plan:

Cut your taxes.Remember that your retirement plan contributions aretaxdeferred, which means you don't pay taxes on themoney in your account until you take it out –– usually,when you're retired and possibly in a lower tax bracket.

Invest automatically.Your contributions are deducted right from yourpaycheck and go directly into your account before taxesare withheld –– so you may barely miss the money.

Get more bang for your buck.If you contribute the same amount of money regularly,you're using an investment strategy called "dollar costaveraging."

This method averages out the price you pay for theinvestments in your account, so you're buying morewhen the price is lower and less when the price is higher–– giving you better buying power. Compound earningswill help your savings grow.

Portability.Your savings continue to grow taxdeferred when youretire or leave the Plan.


Retirement Plan Basics (continued)Why you need to start saving today.

1 Not ParticipatingDid you know that 21% of those eligible don't contribute to their retirement plan.1 Are you one of them?

OUR SUGGESTION. Get started with small contributions. Worried that you can't afford it? You might besurprised about how little it takes since contributions are made on a pretax basis. Participating may haveless of an impact on your take home pay than putting money into a traditional savings account.

2 No Planned Savings GoalWithout a plan, you run the risk of not having enough to support your desired lifestyle when you retire, oryou may even outlive your retirement assets. To have the retirement of your dreams, take time tounderstand your retirement goals and develop a plan to achieve them.

OUR SUGGESTION. Create a plan. Even if you already contribute to the retirement plan, you might notbe contributing enough to achieve your goals. We can help! Log onto the Plan's website and and click onRetireOnTime™ under Learning Center to evaluate different scenarios to help you achieve yourretirement goals.

3 Poor DiversificationEver heard of asset allocation? That simply means looking at your age, risk tolerance and goals todetermine the mixture of stocks, bonds and cash for your portfolio. Asset allocation can help you diminishinvestment risk, but keep in mind that you may need to rebalance your portfolio periodically in response tochanging needs and investment performance. Keep in mind, asset allocation doesn't assure a profit anddoesn't protect against loss.

OUR SUGGESTION. Fortunately, the Plan offers 7 model portfolios designed to offer onestepdiversification across multiple asset classes. Each model portfolio is carefully constructed using a mix offunds under the watchful eye of Every Penny Counts. If you are a doityourselfer you can ensure thatyour portfolio stays diversified by signing up for automatic rebalancing.

4 Chasing PerformanceSome investors make the mistake of chasing investments in the latest "hot" sector. This is a race they'rebound to lose. If you're thinking of joining the chase, remember that research shows that asset allocationdetermines more than 90% of the longterm return of a portfolio.2

OUR SUGGESTION. Once again, consider a model portfolio carefully constructed using a mix of fundsunder the watchful eye of Every Penny Counts. Keep looking at the long term. Your best defense againstmarket ups and downs is to follow an asset allocation strategy. Review your portfolio at least once a yearto make sure it matches your investment objectives and to determine if you need to make adjustments.

5 Cashing in Before RetirementMany people cash out their retirement plan when they change jobs. It's not worth it. This can cause themoney to lose its taxdeferred status and subject it to income taxes and a possible early withdrawalpenalty — all of which means having less money for retirement.

OUR SUGGESTION. Avoid confusion and simplify your retirement savings efforts by rolling all of yourother retirement accounts (401(k), 457 (b), 403(b), IRA, etc.) into this plan. By combining your accountsyou have the ability to view all account activity in one place, receive only one statement and it's easier tomanage and diversify your assets.

1 Source: PSCA's Annual Survey of Profit Sharing and 401(k) Plans, 2014.2 Source: Brinson, Hood, and Beebower (1986); Brinson, Singer, and Beebower (1991).


Retirement NeedsHow much do I still need to save?

Determine how much money you will need tocontribute to reach your retirement savings goal.It's important to make realistic estimates about what kind of expenses you will have in retirement. Manyexperts believe financial security in retirement requires you replacing 60%80% of your current annualincome, adjusted for inflation.

One way to begin estimating your retirement costs is to take a close look at your current expenses invarious categories, and then estimate how they will change. For example, your mortgage might be paidoff by then, but keep in mind that your health care costs are likely to rise.

"If I can save more, should I?" If you were to speak to a financial advisor, "As much as you can" is thestandard answer. Many financial planners recommend that you save 10% to 15% of your income forretirement, starting in your 20's. But that's just a general guideline.

How much you will need at retirement depends on you:• At what age do you intend to retire?• What type of lifestyle do you intend to live? (Will your spending really go down?)• Are you married or single?• Will you have dependents? (For example, helping with your grandchildren's education?)

Example: 25 years of investing different dollar amounts:

$300,000$250,000$200,000$150,000$100,000$50,000

$0$100

per month$200

per month$300

per monthCompound EarningsYour Contributions


Risk Profile: Choosing the Right PathHow should I invest my retirement savings?The Plan has a number of investment options from which you can choose to invest your retirementsavings. These include model portfolios and individual mutual funds. Detailed information is contained inthis guide. Review it very carefully and consult the Plan's financial advisor if you have any questionsbefore you invest.

Choosing the right asset allocation is imperative when building your investment strategy. Focusing onAsset Allocation means determining how you will divide your portfolio among different asset classes:

Historic risk and return of 3 differenttypes of investments:

CASH* BONDS* STOCKS*

RETURN3.42%

RETURN5.22%

RETURN10.02%

STANDARDDEVIATION

(RISK)3.12%

STANDARDDEVIATION

(RISK)5.61%

STANDARDDEVIATION

(RISK)19.99%

LOWERRISK

MODERATERISK

HIGHERRISK

Why diversify your portfolio?Diversifying your portfolio means owning differenttypes of investments. The idea is to balance yourmoney among different asset classes to help reducerisk (measured by volatility or value fluctuation) inyour investment portfolio.

*Data provided for the period from 19262015 by Center of ResearchSecurity Pricing. Cash represented by 1month TBills; Bondsrepresented by 5 Year Treasury; Stocks represented by S&P 500stocks. Past performance is not a guarantee of future results. Forhypothetical illustration only. Diversification does not guarantee a profitor protect against loss.


Risk Profile: Choosing the Right PathWhat are my investment options?Your plan offers a selection of 7 model portfolios, designedto offer onestep diversification across multiple assetclasses. Each model portfolio is carefully constructedusing a mix of funds under the watchful eye of EveryPenny Counts.

The underlying funds in each model portfolio areperiodically reviewed and rebalanced with a goal ofenhancing potential returns and/or minimizing risk.

Your Plan OffersDifferent Model Portfolios

to choose from

The Plan offers the following Model Portfolios:

Model Portfolio Name US Stocks NonUSStocks Bonds Cash Other

ABC Income 44.21 % 8.04 % 45.19 % 1.85 % 0.70 %CAG Tactical Growth 45.57 % 7.40 % 14.89 % 6.77 % 0.36 %ABC Conservative 23.62 % 39.87 % 34.61 % 1.46 % 0.43 %ABC Moderate 27.17 % 42.13 % 28.84 % 1.26 % 0.59 %ABC Growth 57.08 % 17.86 % 23.07 % 1.02 % 0.96 %ABC Aggressive 20.01 % 59.45 % 6.73 % 0.63 % 1.18 %ABC Model Performance Test 71.80 % 20.84 % 6.28 % 0.39 % 0.69 %


Risk Profile: Choosing the Right PathBuild your own portfolio do-it-yourself retirement planning.Are you the type of person who wants to be actively involved in the research, selection and managementof your retirement account? If that is the case, constructing your own portfolio mix from the availableFunds and handling the asset allocation yourself may be for you.

The Plan offers the following individual funds:

Fund Name Symbol Category Name

DFA Emerging Markets Core Equity I DFCEX Diversified Emerging MktsOppenheimer Developing Markets A ODMAX Diversified Emerging MktsVanguard Pacific Stock Index Adm VPADX Diversified Pacific/AsiaVanguard European Stock Index Adm VEUSX Europe StockNavigator Fixed Income Total NAVTR5 High Yield BondNavigator Fixed Income Fund Fee Cl 5 NAVF15 IntermediateTerm BondVanguard Total Bond Market Index Adm VBTLX IntermediateTerm BondNavigator High Dividend Equity NAVDE5 Large BlendNavigator Moderate Growth with Sentry NAVGL5 Large BlendNavigator Aggressive Growth NAVGR5 Large BlendStrategic Allocation Aggressive Portfoli TOPSA Large BlendVanguard Total Stock Mkt Idx Adm VTSAX Large BlendNavigator Conservative Gr w/Sentry NAVGI5 Moderate AllocationNavigator Growth NAVUS5 Moderate AllocationRiverPark Strategic Income Retail RSIVX Multisector BondVanguard REIT Index Adm VGSLX Real EstateAmerican Century In Retirement Trust MF5157 Retirement IncomeSchwab US SmallCap ETF™ SCHA Small BlendGalliard/Wells Fargo Stable Value M MF3715 Stable ValueGalliard Stable Value Fund MF3716 Stable ValueMetlife Stable Value Fund GAC25554 CL75 MF4130 Stable ValueWells Fargo Stable Value MF4237 Stable ValueMetLife Stable Value Class J MF4483 Stable ValueMet Life Stable Value Class K MF4485 Stable ValueStrategic Allocation Target 2015 Portfol TOPS1 Target Date 20112015American Century Retirement 2025 Trust MF5164 Target Date 20212025Strategic Allocation Target 2025 Portfol TOPS2 Target Date 20212025American Century Retirement 2030 Trust MF5163 Target Date 20262030American Century Retirement 2035 Trust MF5162 Target Date 20312035Strategic Allocation Target 2035 Portfol TOPS3 Target Date 20312035American Century Retirement 2040 Trust MF5161 Target Date 20362040American Century Retirement 2045 Trust MF5160 Target Date 20412045Strategic Allocation Target 2045 Portfol TOPS4 Target Date 20412045American Century Retirement 2050 Trust MF5159 Target Date 20462050American Century Retirement 2055 Trust MF5158 Target Date 2051+Vanguard Target Retirement 2015 Inv VTXVX TargetDate 2015Vanguard Target Retirement 2020 Inv VTWNX TargetDate 2020Vanguard Target Retirement 2025 Inv VTTVX TargetDate 2025Vanguard Target Retirement 2030 Inv VTHRX TargetDate 2030Vanguard Target Retirement 2035 Inv VTTHX TargetDate 2035Vanguard Target Retirement 2040 Inv VFORX TargetDate 2040

Please consider the investment objectives, risks, fees, and expenses carefully before investing. For this and other importantinformation about investments offered through your Plan, you may obtain prospectuses for registered investment company choicesand/or disclosure documents from the Participant Website or from your Plan's advisor. Read them carefully before investing.


Vanguard Target Retirement 2045 Inv VTIVX TargetDate 2045Vanguard Target Retirement 2050 Inv VFIFX TargetDate 2050

Please consider the investment objectives, risks, fees, and expenses carefully before investing. For this and other importantinformation about investments offered through your Plan, you may obtain prospectuses for registered investment company choicesand/or disclosure documents from the Participant Website or from your Plan's advisor. Read them carefully before investing.


Risk Profile: Choosing the Right PathWhat if I don't choose an investment option?If you do not choose a specific investment, your savings will be invested in the Plan's default investmentfund.

Remember - Your investments should:1. Reflect the level of risk you can tolerate.2. Fit with your investment time frame.3. Have investment objectives that match your own.

For information on each investment's objectives and goals, please refer to theinvestment's fact sheet and prospectus.

Starting to save for retirement is easy, and possibly the best thing youcan do for your financial future.


Important Notices

Please review the following information and retain it for your future reference.

A Penny Saved 401(k) Plan ("Plan")

QUALIFIED DEFAULT INVESTMENT ALTERNATIVE NOTICE FOR THE PLAN YEAR BEGINNING JANUARY 1, 2016

This notice advises you that you have the right to direct the investment of your existing assets and futurecontributions on your behalf. You may invest your account in any of the investment choices offered under thePlan. You can make an election regarding how your account should be invested in a number of ways:

By calling the Plan’s toll free voice response unit (1-888-621-5491), orBy logging onto the AccountLink System website ( ).www.webaccountlink.com

If you do not choose investment options as described above, any contributions made to the Plan on yourbehalf will be invested in a Qualified Default Investment Alternative (“QDIA” or “default investment”)selected by the Plan’s Investment Committee and investment advisor. You may transfer out of the defaultinvestment during the first 90 days of investment without restriction and without incurring a financial penaltyor fee. After the 90-day period ends, any restrictions, fees and expenses that are charged to participants whootherwise elect to invest in the QDIA may apply. If you do not take any action to transfer out of the defaultinvestment, your existing account balance attributable to previous default investments and your futurecontributions for which no investment direction is provided by you will automatically be invested in thedefault investment described below.

Vanguard Wellington™ InvThe default investment for the Plan is: The investment seeks to provide long-term capitalInvestment objectives of the default investment:

appreciation and moderate current income. The fund invests 60% to 70% of its assets in dividend-paying and,to a lesser extent, non-dividend-paying common stocks of established large companies. The remaining 30%to 40% of the fund's assets are invested mainly in fixed income securities that the advisor believes willgenerate a moderate level of current income. These securities include investment-grade corporate bonds, withsome exposure to U.S. Treasury and government agency bonds, and mortgage-backed securities.

0.26% is the internal expense ratio as of 06/30/2016.Fees and expenses:

Even if some or all of your account balance is invested in the default investment, you have the continuingright to direct the investment of your account in one or more of the other investment choices available underthe Plan. You can obtain further investment information about all of the Plan’s investment alternatives orchange your investment options by logging onto the AccountLink System website

or by calling the Plan’s toll free voice response unit at 888-621-5491.www.webaccountlink.com

8/5/2016

A PENNY SAVED 401(K) PLANSAFE HARBOR CONTRIBUTION NOTICE

For the 2013 Plan Year

The A Penny Saved 401(k) Plan (the "Plan") contains a "safe harbor" feature in order to satisfy certain "nondiscrimination"testing requirements of the Internal Revenue Code. This notice, as provided by Every Penny Counts 2 (hereafter referred toas the "Company" or "We"), is intended to satisfy the safe harbor notice requirements that will apply for the Plan’s 2013plan year.

Safe Harbor Contributions: If you are eligible to make elective deferrals under the Plan, we will satisfy the "safe harbor" requirements by making a safeharbor matching contribution to the Plan that matches a certain amount of the salary you defer to the Plan. For the 2013 planyear, this special matching contribution is 100% of the first 3% you defer and 50% of the next 2% you defer. This safe

harbor matching contribution is 100% vested when made to your account.

Please be advised that this special safe harbor contribution is being provided for the 2013 plan year only. We will notify youat least 30 days before the following plan year regarding whether a safe harbor contribution will be made for the followingyear.

You may make pre-tax and/or Roth 401(k) after-tax participant contributions to the plan. AtParticipant Contributions: your election, you may defer up to $17,500 of your pay for the 2013 calendar year (up to $23,000, if you are age 50 orolder) to your account via withholding from your paycheck on an election form provided by the plan administrator. Youmay change your deferral election on an annual basis. You may stop your contributions at any time. You may makeinvestment election changes daily. Your participant contributions are 100% vested at all times.

In addition to the safe harbor contribution, your Employer may be permitted to makeOther Employer Contributions: other types of contributions to the Plan. The "Contributions" section of the Plan's Summary Plan Description (SPD)describes any other contributions your Employer may make to the Plan.

Generally, you can make participant contributions into the Plan based on your grossCompensation for Plan Purposes: compensation as listed on your W-2. Your Plan may exclude certain types of compensation (such as moving expenses, carallowances, etc.) from being included as part of plan compensation. The “Participation in Your Plan” section of the Plan’sSPD explains plan compensation. In addition, a special election may be provided on any bonus compensation. Please referto the “Contributions” section of the Plan’s SPD for details.

In general, any contributions we make to the Plan on your behalf will not be available forWithdrawal Provisions: withdrawal from your account until you terminate employment with the Company. You will be required to pay any federalor state income taxes that apply to your distribution. Also, you may be required to pay an extra 10% tax on distributionstaken before you reach age 59.5. Furthermore, earnings on Roth Elective Deferrals may not be withdrawn without taxationuntil after the 5th year following establishment of your Roth account under the Plan in the event you attain age 59.5, die orbecome disabled.

Your elective deferrals are always 100% vested. This means that the contributions (together with anyVesting Provisions: investment gain or loss) will always belong to you and you will not lose them if you terminate employment. For moreinformation about years of service, you can review the "Service Rules" section of the Plan's Summary Plan Description.Contributions other than elective deferrals and safe harbor contributions become 100% vested in the event of yourretirement and otherwise vest in accordance with the schedule(s) below:

Profit Sharing:

Years of Service Vesting Percentage

Less than 2 0%

2 20%

3 40%

4 60%

5 80%

6 or more 100%

You will automatically become 100% vested in your employer profit sharing contributions upon death.

If you have any questions regarding this notice or wish to obtain an additional copy of the Summary Plan Description,please contact:

Professional Capital Services, LLC1500 Market Street, Suite 3310E

Philadelphia, PA 19102 Ph: (888) 621-5491

Need Help? Contact a Participant Services Representative at (888) 621-5491.Copyright © 2016 Professional Capital Services, LLC. All rights reserved.

2013 ANNUAL PARTICIPANT DISCLOSURE

A Penny Saved 401(k) Plan

Every Penny Counts 2 ("Plan Sponsor"), is providing you with specific information about the A Penny Saved 401(k) Plan ("Plan") to assist youin managing your Plan account.

Give your mailbox a break, save a tree – Sign up for e-delivery:

As an added benefit, PCS provides the option to receive notices, statements, and transaction confirmations electronically. If you haven'talready done so and prefer having your mail sent electronically, log on to your retirement account at www.webaccountlink.com. Thenclick Statements and Reports, select Statements/E-delivery, and then select the radio button indicating that you elect delivery of all Plannotifications. It takes just a few minutes to choose e-delivery.

This notice includes important information to help you compare the investment options in the Plan. If you want additional information aboutyour Plan account, you can visit http://www.webaccountlink.com or contact a PCS Participant Services Representative at (888) 621-5491. Forinvestment education questions or if you would like information on the Plan's investment options, please contact the Plan's Advisor, JonAdvisor, at (555) 555-5555. A paper copy of the information available on the website can be obtained free of charge by contacting PCSParticipant Services.

This document has three sections. Section I consists of general plan information. Section II consists of performance and other information forthe Plan's investment options. Section III consists of additional disclosure information.

Section I. General Plan Informationas of January 1, 2013

Part A. How to Direct Your Plan Investments

You have the responsibility to direct (exercise control) over the investment of your entire Plan account without restriction. Pursuant to Section404(c) of the Employee Retirement Income Security Act of 1974 (ERISA), the fiduciaries of the Plan may be relieved of liability, orresponsibility, for any losses that you may experience as a result of your investment decisions. You can direct your investments using either ofthe convenient methods listed below. For a list of the designated investment alternatives offered in the Plan, please refer to the completeinvestment information contained in Section II of this notice.

Online. Log on to your account at www.webaccountlink.com anytime. If you have not signed up for secure online account access, visitwww.webaccountlink.com and enroll using your Social Security Number as your default User ID and the last 4 digits of your SocialSecurity Number as your initial password.

By phone. PCS Participant Services Representatives are available at (888) 621-5491, 24 hours a day, 7 days a week.

Transaction requests (e.g., a contribution, exchange, or redemption) must be in good order. Good order means that PCS has determined that (1)your transaction request includes complete information and (2) appropriate assets are already in your Plan account or new assets have beenreceived.

PCS, as the Plan's recordkeeper, will determine the necessary processing timeframes for your transaction request before submission to TDAmeritrade Trust Company, your Plan's custodian.

Your transaction will be based on the net asset value (NAV) of the investment's shares, as follows: if your transaction request is received byPCS in good order on a business day before the close of regular trading on the New York Stock Exchange (NYSE) (generally 4 p.m. EasternTime), the transaction will be based upon NAV at the close of business on that trade date; if your transaction request is received in good orderwhile the NYSE is not open for regular business, your transaction will be based on the NAV the next business date.

If your transaction involves one or more investments with an early cutoff time for processing or another trading restriction, your transaction inthat investment will be subject to that cutoff time when the trade date for your transaction is determined. If an early cutoff time applies to aninvestment available in the Plan, please review the next section for additional information. You may not cancel any transaction request onceprocessing has begun. Please be careful when placing a transaction request.

Voting or tender rights. In the event voting, tender, or other similar rights must be executed with respect to any of the Plan's investments,Every Penny Counts 2 or other Plan fiduciary may exercise those rights (where applicable), or you may receive written notification regardingthe actions that must be taken on your part in connection with exercising those rights.

Part B. Limitations on Your Ability to Direct Investments

Changes to your investment choices. You may change your Plan investment choices daily by either of the convenient methods listed above.

Frequent-trading policy. Because excessive transactions can disrupt the management of an investment and increase its transaction costs,certain Plan investments indicated in Section II of this Notice may limit exchanges and other transactions (such restrictions, if applicable, areindicated). The frequent-trading policy does not apply to the following: rebalances or reallocation of an investment product (Model, CollectiveInvestment Fund, etc.) initiated by Every Penny Counts, if applicable; exchanges of shares purchased with participant payroll or employercontributions or loan repayments; exchanges of shares purchased with reinvested dividend or capital gains distributions; distributions, loans,and in-service withdrawals from the Plan; redemptions of shares as part of a plan termination or at the direction of the Plan; redemptions ofshares to pay fund or account fees; share or asset transfers or rollovers; re-registrations of shares within the same investment; conversions ofshares from one share class to another in the same investment. Note your Plan's investment funds reserve the right to revise or terminate theexchange privilege (your ability to move money between investments), limit the amount of any exchange, or reject any exchange at any time,without notice.

Part C. Administrative Expenses

We are pleased to inform you that, except as otherwise detailed in Part D below, it is the custom of your Plan Sponsor to pay directly for alladministrative services necessary to operate the Plan.

The Plan Sponsor has selected service providers that have a clear commitment to fee transparency and no bias regarding the selection ofinvestments. Accordingly, no proprietary investments are utilized, no commissions are paid to service providers and all service providers havean agreement with the Plan Sponsor specifically detailing the services provided and the compensation earned for those services.

Use of Mutual Fund Reimbursements and ForfeituresIn order to reduce investment expenses and avoid conflicts of interest or other bias in selecting investments, to the extent that any revenue isreceived from mutual funds offered as Plan investments "mutual fund reimbursements," the Plan's recordkeeper, PCS, fully discloses andallocates 100% of such mutual fund reimbursements to Plan participant accounts. You will find the operating expenses of the Plan's investmentoptions, along with any applicable savings over the category average, under Section II. Part B of this Disclosure. In addition, the forfeitures ofthe non-vested Plan account balances of former participants may be used to offset certain Plan Sponsor contributions.

Some of the Plan's expenses for third-party administration, investment advisory, recordkeeping, investment support and custodial services areoffset by revenue collected from some or all of the Plan's designated investment alternatives.

Quarterly Administrative Fee Deducted From Participant Accounts: 0.0000 %For additional information, please see Additional Administrative Expense Information in Section III of this notice.

Part D. Individual Expenses

Your account will be subject to additional fees if you require one of the services below. Please also review your account statement for adetailed disclosure of the dollar amount charged to your Plan account for these services and a description of the services to which these feesrelate.

Loan Set-upAn origination fee of $0.00 will be deducted from the loan proceeds for each loan issued from your account.

Loan MaintenanceAn annual maintenance fee of $0.00 is deducted from your account balance for each loan maintained in your account.

DistributionA $0.00 distribution fee will be charged to your Plan account for distribution processing and tax reporting.

Qualified Domestic Relations Order (QDRO) SegregationA $0.00 QDRO segregation fee will be charged to your Plan account to segregate your account and create an account for the alternate payee.

Stop Payment/ReissueA $60.00 fee will be charged to your Plan account in the event that you request a payment to be stopped/reissued.

Transaction FeesNo transaction fees are assessed for any purchases or sales of securities trades initiated through PCS.

Automated Delivery of Quarterly Participant StatementsThe handling and processing cost for automated delivery of a paper statement is $1.50. See Your Right to Receive Paper Copies of YourQuarterly Participant Statement in Section III of this notice.

PostagePostage is charged as incurred with respect to these services.

Section II. Investment Performance and Expense Information

Designated investment alternatives. A designated investment alternative is an investment option made available to you under the Plan intowhich you can invest a portion or all of your Plan account. A list of the Plan's designated investment alternatives, along with each option'sperformance, benchmark and expense information, is included below.

This section includes important information to help you compare the investment options under your retirement plan. If you want additionalinformation about your investment options, please log into your Plan account at (www.webaccountlink.com) and select "My Investments" onthe menu bar or contact a PCS Participant Services Representative at (888) 621-5491. A free paper copy of the information available on thewebsite can be obtained by calling a PCS Participant Services Representative at (888) 621-5491.

Part A. Performance Information

Table 1 focuses on the performance of investment options. The performance data shown represents past performance, which is not a guaranteeof future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than theiroriginal cost. Current performance may be lower or higher than the performance data cited.

Detailed information about each investment option is available on the PCS participant website (www.webaccountlink.com). Simply log in (seeabove for login information if you have not logged in already), and select "My Investments" on the menu bar, select "Fund Performance" andclick on the investment option for which you would like additional information.

TABLE 1a - VARIABLE RETURN INVESTMENTS

NameAverage Annual Total Return

as of October 30, 2015

InceptionDate 1 yr. 5 yr. 10 yr.

SinceInception

Models

ABC Income 10/15/2008 N/A N/A N/A N/A

Benchmark 12.72 % 14.73 % 8.34 % 15.59 %

Benchmark: Russell 1000 TR IX

CAG Tactical Growth 2/1/2015 -0.92 % N/A N/A 1.83 %

Benchmark -0.39 % 5.26 % 4.39 % 1.49 %

Blended Benchmark is calculated using the following index allocations: 65% MSCI World ND IX, 20% Barclays US Agg TRIX and 15% BOFAML 0-3M US TBll TRIX.

ABC Conservative 1/1/2000 N/A N/A N/A N/A

Benchmark 5.78 % 7.81 % 6.66 % 4.94 %

Blended Benchmark is calculated using the following index allocations: 36% Barclays Aggregate Bond TR, 33.55% MSCI ACWI Ex USA Growth NR USD, 19.47% Russell 3000 TR,6.56% MSCI Europe NR USD and 4.42% S&P United States REIT TR USD.

ABC Moderate 1/1/2000 N/A N/A N/A N/A

Benchmark 6.04 % 8.10 % 6.93 % 5.03 %

Blended Benchmark is calculated using the following index allocations: 33.5% MSCI ACWI Ex USA Growth NR USD, 30% Barclays Aggregate Bond TR, 22.5% Russell 3000 TR,6% MSCI Europe NR USD, 5% S&P United States REIT TR USD and 3% Morningstar EM GR USD.

ABC Growth 1/1/2000 N/A N/A N/A N/A

Benchmark 9.05 % 10.86 % 7.68 % 5.75 %

Blended Benchmark is calculated using the following index allocations: 52% Russell 3000 TR, 24% Barclays Aggregate Bond TR, 7.2% MSCI ACWI Ex USA Growth NR USD, 7.2%MSCI Europe NR USD, 6% S&P United States REIT TR USD and 3.6% Morningstar EM GR USD.

ABC Aggressive 1/1/2000 10.00 % 15.00 % 20.00 % N/A

Benchmark 3.63 % 6.83 % 6.72 % 5.10 %

Blended Benchmark is calculated using the following index allocations: 23% MSCI ACWI Ex USA Growth NR USD, 22% MSCI Europe NR USD, 16% Morningstar EM GR USD,10% Russell 3000 TR, 10% S&P United States REIT TR USD and 7% Barclays Aggregate Bond TR.

ABC Model Performance Test N/A 0.00 % 0.00 % 0.00 % N/A

Benchmark 2.28 % 10.62 % 7.53 % 6.66 %

Blended Benchmark is calculated using the following index allocations: 60% Morningstar Agg Tgt Risk TR USD and 40% S&P United States REIT TR USD.

TABLE 1b - VARIABLE RETURN INVESTMENTS

NameAverage Annual Total Return

as of June 30, 2016

InceptionDate 1 yr. 5 yr. 10 yr.

SinceInception

Funds

Diversified Emerging Mkts

DFA Emerging Markets Core Equity I 4/5/2005 -8.77 % -3.00 % 5.27 % 6.98 %

Morningstar EM GR USD (Best Fit) N/A -10.67 % -2.67 % 4.72 % N/A

Oppenheimer Developing Markets A 11/18/1996 -10.36 % -1.59 % 6.20 % 11.52 %

MSCI EM NR USD (Best Fit) N/A -12.06 % -3.78 % 3.54 % N/A

Diversified Pacific/Asia

Vanguard Pacific Stock Index Adm 8/13/2001 -6.61 % 2.89 % 1.79 % 4.63 %

MSCI ACWI Ex USA Growth NR USD (Best Fit) N/A -6.20 % 1.52 % 2.81 % N/A

Europe Stock

Vanguard European Stock Index Adm 8/13/2001 -10.77 % 1.43 % 1.87 % 4.78 %

MSCI Europe NR USD (Best Fit) N/A -11.22 % 1.02 % 1.52 % N/A

High Yield Bond

Navigator Fixed Income Total 9/28/2012 3.15 % N/A N/A 3.54 %

BofAML US HY Master II TR USD N/A -4.64 % 4.84 % 6.81 % N/A

Intermediate-Term Bond

Navigator Fixed Income Fund Fee Cl 5 12/1/2006 -0.74 % 2.93 % N/A 4.77 %

Barclays US Agg Bond TR USD N/A 0.55 % 3.25 % 4.51 % N/A

Vanguard Total Bond Market Index Adm 11/12/2001 6.12 % 3.73 % 5.12 % 4.59 %

Barclays US Agg Bond TR USD (Best Fit) N/A 6.00 % 3.76 % 5.13 % N/A

Large Blend

Navigator High Dividend Equity 9/28/2012 2.37 % N/A N/A 10.50 %

Russell 1000 TR USD N/A 0.92 % 12.44 % 7.40 % N/A

Navigator Moderate Growth with Sentry 8/22/2007 -8.68 % -0.50 % N/A -0.46 %


Navigator Aggressive Growth 12/1/2006 -5.42 % 3.45 % N/A 2.45 %


Strategic Allocation Aggressive Portfoli 9/30/2005 -1.65 % 3.64 % 4.53 % 4.64 %


Vanguard Total Stock Mkt Idx Adm 11/13/2000 2.14 % 11.59 % 7.54 % 5.48 %

Russell 3000 TR USD (Best Fit) N/A 2.14 % 11.60 % 7.40 % N/A

Moderate Allocation

Navigator Conservative Gr w/Sentry 12/1/2006 -5.44 % 1.27 % N/A 2.51 %

Morningstar Mod Agg Tgt Risk TR USD N/A -2.62 % 5.94 % 5.47 % N/A

Navigator Growth 5/14/2008 1.19 % N/A N/A 1.11 %

Morningstar Mod Agg Tgt Risk TR USD N/A -2.62 % 5.94 % 5.47 % N/A

Multisector Bond

RiverPark Strategic Income Retail 9/30/2013 -0.86 % N/A N/A 2.47 %

Barclays US Universal Bond (Category) N/A 5.82 % 4.01 % 5.30 % N/A

Real Estate

Vanguard REIT Index Adm 11/12/2001 23.93 % 12.44 % 7.59 % 11.86 %

S&P United States REIT TR USD (Best Fit) N/A 23.71 % 12.45 % 7.27 % N/A

Retirement Income

American Century In Retirement Trust 8/15/2014 -0.84 % N/A N/A 1.17 %

Morningstar Lifetime Mod Incm TR USD N/A 0.04 % 4.23 % 5.08 % N/A

Small Blend

Schwab US Small-Cap ETF™ 11/3/2009 -4.56 % 9.66 % N/A 14.41 %

Morningstar US Small Cap TR USD (Best Fit) N/A -3.77 % 9.16 % 7.41 % N/A

Stable Value

Galliard/Wells Fargo Stable Value M 3/22/2002 1.16 % 1.30 % 2.41 % 2.91 %

USTREAS T-Bill Cnst Mat Rate 3 Yr N/A 1.03 % 0.72 % 1.76 % N/A

Galliard Stable Value Fund 8/7/2000 0.85 % 1.00 % 2.10 % 2.92 %


Metlife Stable Value Fund GAC-25554 CL75 8/31/2000 1.66 % 1.75 % 2.81 % 3.60 %


Wells Fargo Stable Value 6/1/2006 1.41 % 1.56 % N/A 2.63 %


MetLife Stable Value - Class J 11/18/2010 2.27 % 2.38 % N/A 2.41 %


Met Life Stable Value Class K 1/6/2011 2.03 % 2.14 % N/A 2.12 %


Target Date 2011-2015

Strategic Allocation Target 2015 Portfol 3/31/2008 -1.69 % 3.55 % N/A 4.38 %

Morningstar Lifetime Mod 2015 TR USD N/A -0.54 % 5.35 % 5.55 % N/A


American Century Retirement 2025 Trust 8/15/2014 -1.29 % N/A N/A 1.34 %























Target Date 2051+



Target-Date 2015

Vanguard Target Retirement 2015 Inv 10/27/2003 1.98 % 6.17 % 5.62 % 6.03 %

Morningstar Lifetime Mod 2025 TR USD (Best Fit) N/A 1.79 % 6.57 % 5.98 % N/A

Target-Date 2020



Target-Date 2025



Target-Date 2030


Morningstar Lifetime Mod 2035 TR USD (Best Fit) N/A -0.33 % 6.96 % 6.00 % N/A

Target-Date 2035

Vanguard Target Retirement 2035 Inv 10/27/2003 -0.67 % 7.44 % 5.74 % 6.76 %

Morningstar Lifetime Mod 2035 TR USD (Best Fit) N/A -0.33 % 6.96 % 6.00 % N/A

Target-Date 2040


Morningstar Agg Tgt Risk TR USD (Best Fit) N/A -1.70 % 6.87 % 5.76 % N/A

Target-Date 2045



Target-Date 2050



If no 5- or 10- year record is available, the return is since inception.

test performance disclosure

Part B. Fee and Expense Information

Table 2 shows Total Annual Operating Expenses and short-term redemption fees, if applicable, for the Plan's investment options, as well as theaverage expenses charged by mutual funds, collective investment funds, and exchange traded funds in the applicable funds' asset category.

TABLE 2 - FEES AND EXPENSES

Total AnnualOperating Expense

Category AverageExpense

Fund ListAs a%

Per$1,000

As a%

SavingsOver

Category

Models

ABC Income 0.07 % $0.70 0.82 % 0.75 %

CAG Tactical Growth 0.30 % $3.00 0.68 % 0.38 %

ABC Conservative 0.08 % $0.80 0.94 % 0.86 %

ABC Moderate 0.10 % $1.00 0.97 % 0.87 %

ABC Growth 0.09 % $0.90 0.91 % 0.82 %

ABC Aggressive 0.17 % $1.70 1.01 % 0.84 %

ABC Model Performance Test 0.14 % $1.40 0.96 % 0.82 %

Diversified Emerging Mkts

DFA Emerging Markets Core Equity I 0.62 % $6.20 1.37 % 0.75 %

Oppenheimer Developing Markets A 1.30 % $13.00 1.37 % 0.07 %

Diversified Pacific/Asia

Vanguard Pacific Stock Index Adm 0.12 % $1.20 1.19 % 1.07 %

Europe Stock

Vanguard European Stock Index Adm 0.12 % $1.20 1.24 % 1.12 %

High Yield Bond

Navigator Fixed Income Total 0.57 % $5.70 0.56 % -0.01 %

Intermediate-Term Bond

Navigator Fixed Income Fund Fee Cl 5 1.23 % $12.30 0.41 % -0.82 %

Vanguard Total Bond Market Index Adm 0.06 % $0.60 0.68 % 0.62 %

Large Blend

Navigator High Dividend Equity 1.00 % $10.00 0.52 % -0.48 %

Navigator Moderate Growth with Sentry 1.49 % $14.90 0.52 % -0.97 %

Navigator Aggressive Growth 1.49 % $14.90 0.52 % -0.97 %

Strategic Allocation Aggressive Portfoli 0.46 % $4.60 0.52 % 0.06 %

Vanguard Total Stock Mkt Idx Adm 0.05 % $0.50 0.88 % 0.83 %

Moderate Allocation

Navigator Conservative Gr w/Sentry 1.45 % $14.50 0.77 % -0.68 %

Navigator Growth 1.47 % $14.70 0.77 % -0.70 %

Multisector Bond

RiverPark Strategic Income Retail 1.19 % $11.90 0.97 % -0.22 %

Real Estate

Vanguard REIT Index Adm 0.12 % $1.20 1.09 % 0.97 %

Retirement Income

American Century In Retirement Trust 0.49 % $4.90 0.53 % 0.04 %

Small Blend

Schwab US Small-Cap ETF™ 0.07 % $0.70 0.38 % 0.31 %

Stable Value

Galliard/Wells Fargo Stable Value M 0.82 % $8.20 0.77 % -0.05 %

Galliard Stable Value Fund 1.12 % $11.20 0.77 % -0.35 %

Metlife Stable Value Fund GAC-25554 CL75 1.12 % $11.20 0.77 % -0.35 %

Wells Fargo Stable Value 0.57 % $5.70 0.77 % 0.20 %

MetLife Stable Value - Class J 0.47 % $4.70 0.77 % 0.30 %

Met Life Stable Value Class K 0.72 % $7.20 0.77 % 0.05 %


Strategic Allocation Target 2015 Portfol 0.53 % $5.30 0.58 % 0.05 %


American Century Retirement 2025 Trust 0.49 % $4.90 0.57 % 0.08 %














Target Date 2051+


Target-Date 2015

Vanguard Target Retirement 2015 Inv 0.14 % $1.40 0.76 % 0.62 %

Target-Date 2020


Target-Date 2025


Target-Date 2030


Target-Date 2035


Target-Date 2040


Target-Date 2045


Target-Date 2050


The Total Annual Operating Expense ("TAOE") is made up of the expense ratio in the most recent prospectuses available as of the date of printing. The TAOE reflects the net expense ratio ofthe fund after any expense waiver or cap is applied. Please refer to the Plan investment fact sheets for details, including gross expenses, in the enrollment guide located under the LearningCenter section on www.webaccountlink.com.

The Models may combine investment options available under the Plan. Other investment alternatives having similar risk and return characteristics may also be available. Participants orbeneficiaries should consider other income and investments available to them after retirement, in addition to their interest in the Plan, when choosing their investments.

In deciding how to invest your retirement savings, you should take into account all of your assets, including any retirement savings outside ofthe Plan. No single approach is right for everyone because, among other factors, individuals have different financial goals, different timehorizons for meeting their goals, and different tolerances for risk. It is also important to periodically review your investment portfolio, yourinvestment objectives, and the investment options under the Plan to help ensure that your retirement savings will meet your retirement goals.

The cumulative effect of fees and expenses can substantially reduce the growth of your retirement savings. Visit the Department of Labor's website for an example showing the long-term effect of fees and expenses at http://www.dol.gov/ebsa/publications/401k_employee.html. Fees andexpenses are only one of many factors to consider when you decide to invest in an option. You may also want to think about whether aninvestment in a particular option, along with your other investments, will help you achieve your financial goals.

Section III. Additional Disclosure Information

Good Faith CompliancePCS and the Plan Sponsor have acted in good faith in complying with the participant disclosure requirements as set forth under ERISA §404(a)(5) and U.S. Department of Labor (DOL) Field Assistance Bulletin (FAB) 2012-2R. The information contained within this disclosurereflects PCS's good faith compliance efforts based on guidance issued at the time this document was prepared.

Your Right to Receive Paper Copies of Your Quarterly Participant StatementParticipant statements are available electronically on www.webaccountlink.com, where you can generate an "on-demand" statement of yourPlan account for any applicable date range. You have the right to request a paper copy of your quarterly statement free of charge at any time bycontacting a PCS Participant Services Representative. Quarterly account statements are delivered "free of charge" if you elect e-delivery or thePlan Sponsor elects e-delivery.

Additional Administrative Expense Information

Please note that while this notice is intended to constitute a good faith explanation of the administrative expenses which may be charged, someadministrative expenses not yet anticipated may be allocated to your Plan account. Any amount charged directly to your account foradministrative expenses will be disclosed on your quarterly participant statement, if applicable.

Reliance on Third-Parties for InformationWhere applicable, the General Plan Information described in Section I and Investment Performance and Expense Information described inSection II in this document were prepared using information provided to PCS by one or more third parties. Although PCS believes thisinformation to be accurate and complete, PCS makes no representation as to the accuracy or completeness of the information. For detailedinformation regarding each designated investment alternative, please refer to the applicable prospectus.

Please visit http://www.webaccountlink.com for a glossary of investment terms relevant to the investment options under thisplan. This glossary is intended to help you better understand your options.


Forms

The following forms and worksheets are for your convenience.

Please feel free to contact PCS Participant Services at 8886215491 if you need assistance.

A Penny Saved 401(k) Plan

Investment Election Worksheet

This worksheet contains a list of your Plan's investment options. Additional information regarding each option, includinginternal expenses, past performance and shortterm redemption fees, can be found online at www.webaccountlink.com. Onceyou have determined your investment elections, please log into the Plan's website www.webaccountlink.com to record yourelections.

Please note all investment elections and investment election changes must be made through the website or by contacting aPCS Participant Services Representative at (888) 6215491.

MODEL PORTFOLIOS

_____% ABC Aggressive _____% ABC Conservative_____% ABC Growth _____% ABC Income_____% ABC Model Performance Test _____% ABC Moderate_____% CAG Tactical Growth

INDIVIDUAL FUNDS

_____% American Century In Retirement Trust _____% American Century Retirement 2025 Trust_____% American Century Retirement 2030 Trust _____% American Century Retirement 2035 Trust_____% American Century Retirement 2040 Trust _____% American Century Retirement 2045 Trust_____% American Century Retirement 2050 Trust _____% American Century Retirement 2055 Trust_____% DFA Emerging Markets Core Equity I _____% Galliard Stable Value Fund_____% Galliard/Wells Fargo Stable Value M _____% Met Life Stable Value Class K_____% MetLife Stable Value Class J _____% Metlife Stable Value Fund GAC25554 CL75_____% Navigator Aggressive Growth _____% Navigator Conservative Gr w/Sentry_____% Navigator Fixed Income Fund Fee Cl 5 _____% Navigator Growth_____% Navigator Moderate Growth with Sentry _____% Oppenheimer Developing Markets A_____% Principal Lifetime Strategic Income CIT _____% RiverPark Strategic Income Retail_____% Schwab US SmallCap ETF™ _____% Strategic Allocation Aggressive Portfoli_____% Strategic Allocation Target 2015 Portfol _____% Strategic Allocation Target 2025 Portfol_____% Strategic Allocation Target 2035 Portfol _____% Strategic Allocation Target 2045 Portfol_____% Vanguard European Stock Index Adm _____% Vanguard Pacific Stock Index Adm_____% Vanguard REIT Index Adm _____% Vanguard Target Retirement 2015 Inv_____% Vanguard Target Retirement 2020 Inv _____% Vanguard Target Retirement 2025 Inv_____% Vanguard Target Retirement 2030 Inv _____% Vanguard Target Retirement 2035 Inv_____% Vanguard Target Retirement 2040 Inv _____% Vanguard Target Retirement 2045 Inv_____% Vanguard Target Retirement 2050 Inv _____% Vanguard Total Bond Market Index Adm_____% Vanguard Total Stock Mkt Idx Adm _____% Wells Fargo Stable Value_____% Wells Fargo Target 2055 CIT E1

_____% Total (Model Portfolios and Individual Funds)

You may elect any combination of Model Portfolios and Individual Funds as long as each investment election is at least 5% ofyour account and are in increments of 1%.


Contribution Election Worksheet

Change of Contribution Election Amount

This worksheet contains the amount and type of the contribution you would like to change. Once you have determined how you would like to change your contribution, please log into the Plan’s website www.webaccountlink.com to record your changes.

Please note all contribution election changes must be made through the website or by contacting a PCS Participant Services Rep-resenative at (888) 621-5491.

Please change my contribution election to the Plan to the following amount as of the earliest possible date:

Traditional 401(k) contribution: $ or % per pay period on a pre-tax basis. I understand that my salary reduction amount will be made directly to the Plan before federal income tax is withheld and will be subject to the provisions of Internal Revenue Code Section 401(k).

Catch-Up Contribution: I am age 50 or older and, in addition to the regular contribution election specified above, I also elect to make catch-up deferral contributions. Please reduce my Compensation by an additional $ for the current Plan Year on a pre-tax basis traditional or an after-tax basis Roth.


Beneficiary Designation Worksheet

Primary Beneficiary(ies)

This worksheet contains a list of your primary and contingent beneficiary(ies). Once you have determined who you would like to designate as your beneficiary(ies), please log into the Plan’s website www.webaccountlink.com to record your designations.

Please note all beneficiary designation changes must be made through the website or by contacting a PCS Participant Services Represenative at (888) 621-5491.

I hereby designate the following as my primary beneficiary(ies) to receive any death benefits, payable as a result of my death, in accordance with the provisions of my employer’s retirement plan (“the Plan”):

First Name: MI: Last Name:Social Security #: Date of Birth:Address:City: State: Zip:Home Phone #: Work Phone #: Ext:Relationship: Percentage Share: %





Contingent Beneficiary(ies)

In the event my primary beneficiary(ies) should predecease me or die prior to the complete distribution of benefits from the Plan, I designate the following as my contingent beneficiary(ies):







Plan Investments: Model Portfolios

What can I invest in?The following pages contain information about the Model Portfolios within your Plan. These portfolios arecomprised of multiple funds and generally offer broader diversification than picking a single fund. Pleaseread the information about all of the investment options available to you within the plan before you invest.

Questions about the model portfolios?Contact the Plan's financial advisor,Jon Advisor of Every Penny Countsat (555) 5555555 or [email protected].

ABC Income As of 06/30/2016

Model DescriptionABC Income This is a Sample Description.

Total Return* Portfolio Benchmark3 Month Return N/A 1.59 %1 Year Return N/A 12.72 %3 Year Return N/A 16.45 %5 Year Return N/A 14.73 %10 Year Return N/A 8.34 %Since Inception N/A 15.59 %

Fees and ExpensesGross Expense Ratio 0.072 %Annual Expense per $1,000 Invested $0.72Net Expense Ratio 0.072 %Annual Expense per $1,000 Invested $0.72Underlying Fund Turnover 41.90 %12b1 Expense NoneSales Charge NoneDeferred Sales Charge NoneRedemption Fees None

Asset Allocation

US StocksNonUS StocksBondsCashOther

44.2 %8.0 %45.2 %1.8 %0.7 %

Investment by RegionAmericas 85.1 %Greater Europe 6.5 %Greater Asia 3.9 %Not Classified 4.5 %

US Stock Asset ClassesLg 23.5 % 24.0 % 24.1 %

Mid 6.5 % 6.6 % 6.5 %

Sm 3.1 % 2.9 % 2.7 %

Value Blend Growth

Portfolio HoldingsVanguard Total Bond Market Index Adm 47.00 %Vanguard Total Stock Mkt Idx Adm 43.00 %Vanguard European Stock Index Adm 3.00 %Vanguard Pacific Stock Index Adm 3.00 %DFA Emerging Markets Core Equity I 2.00 %Vanguard REIT Index Adm 2.00 %

Fees and ExpensesThe cumulative effect of investment fees and expenses can substantially reduce your retirement savings. However, fees and expenses are only two of many factors to consider when deciding what investment isappropriate for you. For additional information concerning the longterm effect of fees and expenses, visit the US DOL web site at http://www.dol.gov/ebsa/publications/401k_employee.html.

Inception Date: 10/15/2008. The representative benchmark consists of 100% Russell 1000 TR IX.

* Returns and Benchmarks are as of 03/31/2015

Periods longer than one year are Annualized.

Disclosure:test performance disclosure

Model investments may change at any time without prior notice and therefore may differ from those shown above.

This information is intended for distribution to retirement plans only. The information contained herein: (1) is proprietary to The Advisor Lab, LLC ("The Lab") and Professional Capital Services, LLC ("PCS"); (2) may notbe copied or distributed; and (3) is not warranted to be accurate, complete or timely. The Lab and PCS are not responsible for any damages or losses arising from any use of this information. Investment data andMorningstar Proprietary Index data source: ©2016 Morningstar. All Rights Reserved. Index source: Lipper, a Thomson Reuters Company. Copyright 2016 © Thomson Reuters. All rights reserved.

CAG Tactical Growth As of 06/30/2016

Model DescriptionDiversification isn’t a onetime event. Market conditions change and sotoo should your allocation to maintain its effectiveness. That is what wecall Tactical Asset Allocation. It is a rigorous process to guideadjustments to your asset allocation based on prevailing marketconditions. Our proprietary approach Measures, Manages, andMitigates investment risk with careful adjustments to keep yourportfolio aligned to your investment goals. A disciplined relativestrength methodology is used for the dual purpose of reducing portfoliovolatility while seeking to enhance total return. This includes a 4stepprocess of market analysis, sector analysis, manager/fund analysisand risk management. The Model Portfolio consists of two parts. Onepart seeks long term capital appreciation in traditional asset classes.The remaining portion is an explore strategy, which seeks to enhancereturns by taking advantage of relative strength trends among thevarious sectors within the equity markets. Successful sector rotation isone of the most important determinants of portfolio success.

Total Return Portfolio Benchmark3 Month Return 2.45 % 1.12 %1 Year Return 0.92 % 0.39 %3 Year Return N/A 5.47 %5 Year Return N/A 5.26 %10 Year Return N/A 4.39 %Since Inception 1.83 % 1.49 %

Fees and ExpensesGross Expense Ratio 0.304 %Annual Expense per $1,000 Invested $3.04Net Expense Ratio 0.301 %Annual Expense per $1,000 Invested $3.01Underlying Fund Turnover 20.97 %12b1 Expense 0.013 %Sales Charge NoneDeferred Sales Charge NoneRedemption Fees None

Asset Allocation


45.6 %7.4 %14.9 %6.8 %0.4 %



Mid 10.5 % 14.5 % 13.0 %

Sm 2.7 % 2.5 % 3.3 %

Value Blend Growth

Top Portfolio HoldingsNavigator Fixed Income Total 15.00 %Vanguard IntermTerm Bond Index Adm 15.00 %Vanguard 500 Index Admiral 15.00 %Vanguard Mid Cap Index Adm 10.00 %Navigator High Dividend Equity 10.00 %Parnassus Endeavor Investor 10.00 %Prudential Jennison Natural Resources Z 5.00 %Schwab Investor Money Fund® 5.00 %MFS Utilities A 5.00 %Oppenheimer International Growth Y 5.00 %


Inception Date: 02/01/2015. The representative benchmark consists of 65% MSCI World ND IX, 20% Barclays US Agg TRIX and 15% BOFAML 03M US TBll TRIX.


Disclosure:Performance and benchmark results are provided exclusively for illustrative purposes. Comparisons to benchmarks have limitations because benchmarks have volatility and other material characteristics that may differfrom the Investment. Also, performance results for benchmarks do not reflect payment of investment management/incentive fees and other fund expenses. Performance results are provided to assist an individual inassessing whether a specific Investment may meet, or continue to meet, his/her investment objective(s). For reasons including variances in Investment account holdings, variances in the investment management feeincurred, market fluctuation, the date on which a participant invests in an Investment, and any contributions or withdrawals, the performance of a specific participant’s account may vary from the results shown. Norepresentation is being made that any account will or is likely to achieve future profits or losses similar to those shown. The performance results also assume the reinvestment of dividends and capital gains but do notreflect the deduction of service provider fees, such as investment advisor(s), recordkeeper, TPA, and custodian. Past performance does not indicate future results.



ABC Conservative As of 06/30/2016

Model DescriptionABC Conservative This is a Sample Description



Asset Allocation


23.6 %39.9 %34.6 %1.5 %0.4 %



Mid 6.7 % 6.7 % 5.9 %

Sm 2.6 % 2.4 % 1.9 %

Value Blend Growth

Portfolio HoldingsVanguard Total Bond Market Index Adm 36.00 %Vanguard Pacific Stock Index Adm 33.55 %Vanguard Total Stock Mkt Idx Adm 19.47 %Vanguard European Stock Index Adm 6.56 %Vanguard REIT Index Adm 4.42 %


Inception Date: 01/01/2000. The representative benchmark consists of 36% Barclays Aggregate Bond TR, 33.55% MSCI ACWI Ex USA Growth NR USD, 19.47% Russell 3000 TR, 6.56% MSCI Europe NR USD and4.42% S&P United States REIT TR USD.






ABC Moderate As of 06/30/2016

Model DescriptionABC Moderate This is a Sample Description.



Asset Allocation


27.2 %42.1 %28.8 %1.3 %0.6 %



Mid 6.9 % 6.8 % 5.9 %

Sm 2.9 % 2.6 % 2.0 %

Value Blend Growth

Portfolio HoldingsVanguard Pacific Stock Index Adm 33.50 %Vanguard Total Bond Market Index Adm 30.00 %Vanguard Total Stock Mkt Idx Adm 22.50 %Vanguard European Stock Index Adm 6.00 %Vanguard REIT Index Adm 5.00 %DFA Emerging Markets Core Equity I 3.00 %


Inception Date: 01/01/2000. The representative benchmark consists of 33.5% MSCI ACWI Ex USA Growth NR USD, 30% Barclays Aggregate Bond TR, 22.5% Russell 3000 TR, 6% MSCI Europe NR USD, 5% S&PUnited States REIT TR USD and 3% Morningstar EM GR USD.






ABC Growth As of 06/30/2016

Model DescriptionABC Growth This is a sample description.



Asset Allocation


57.1 %17.9 %23.1 %1.0 %1.0 %



Mid 6.7 % 7.2 % 6.6 %

Sm 3.2 % 3.0 % 2.6 %

Value Blend Growth

Portfolio HoldingsVanguard Total Stock Mkt Idx Adm 52.00 %Vanguard Total Bond Market Index Adm 24.00 %Vanguard European Stock Index Adm 7.20 %Vanguard Pacific Stock Index Adm 7.20 %Vanguard REIT Index Adm 6.00 %DFA Emerging Markets Core Equity I 3.60 %


Inception Date: 01/01/2000. The representative benchmark consists of 52% Russell 3000 TR, 24% Barclays Aggregate Bond TR, 7.2% MSCI ACWI Ex USA Growth NR USD, 7.2% MSCI Europe NR USD, 6% S&PUnited States REIT TR USD and 3.6% Morningstar EM GR USD.






ABC Aggressive As of 06/30/2016

Model DescriptionABC Aggressive This is a sample description.

Total Return* Portfolio Benchmark3 Month Return N/A 3.10 %1 Year Return 10.00 % 3.63 %3 Year Return 12.00 % 7.38 %5 Year Return 15.00 % 6.83 %10 Year Return 20.00 % 6.72 %Since Inception N/A 5.10 %


Asset Allocation


20.0 %59.4 %6.7 %0.6 %1.2 %



Mid 7.4 % 7.8 % 5.9 %

Sm 3.6 % 2.9 % 1.9 %

Value Blend Growth

Portfolio HoldingsVanguard Pacific Stock Index Adm 23.00 %Vanguard European Stock Index Adm 22.00 %DFA Emerging Markets Core Equity I 16.00 %

12.00 %Vanguard Total Stock Mkt Idx Adm 10.00 %Vanguard REIT Index Adm 10.00 %Vanguard Total Bond Market Index Adm 7.00 %


Inception Date: 01/01/2000. The representative benchmark consists of 23% MSCI ACWI Ex USA Growth NR USD, 22% MSCI Europe NR USD, 16% Morningstar EM GR USD, 10% Russell 3000 TR, 10% S&P UnitedStates REIT TR USD and 7% Barclays Aggregate Bond TR.






ABC Model Performance Test As of 06/30/2016

Model Descriptiondescription

Total Return* Portfolio Benchmark3 Month Return 0.00 % 0.82 %1 Year Return 0.00 % 2.28 %3 Year Return 0.00 % 11.25 %5 Year Return 0.00 % 10.62 %10 Year Return 0.00 % 7.53 %Since Inception N/A 6.66 %


Asset Allocation


71.8 %20.8 %6.3 %0.4 %0.7 %



Mid 7.8 % 12.8 % 8.4 %

Sm 4.6 % 4.4 % 2.8 %

Value Blend Growth

Portfolio HoldingsVanguard Target Retirement 2040 Inv 40.00 %Vanguard REIT Index Adm 40.00 %Vanguard Target Retirement 2045 Inv 20.00 %


Inception Date: 01/01/0001. The representative benchmark consists of 60% Morningstar Agg Tgt Risk TR USD and 40% S&P United States REIT TR USD.





Plan Investments: Investment Funds

What can I invest in?The following pages contain information about the Individual Funds within your Plan. Before investing,consider the investment's objectives, risks, charges and expenses. These funds each have different riskand return characteristics. Please read the information about all of the investment options available to youwithin the plan before you invest.

Questions about the individual funds?Contact the Plan's financial advisor,Jon Advisor of Every Penny Countsat (555) 5555555 or [email protected]

DFA Emerging Markets Core Equity I Total Return data as of 06/30/2016

Fund OverviewObjectiveCategoryBenchmark IndexTotal AssetsTurnover Ratio

SymbolTypeInception DateFamilyManagerTenureWebsite

Diversified Emerging MarketsDiversified Emerging MktsMorningstar EM GR USD$16,950.41 Million5.00 %

DFCEXMutual Fund20050405Dimensional Fund AdvisorsFogdall/Chi/Singh/Pu3.6 Yearswww.webaccountlink.com

Total Return Fund Category Benchmark1 Year Return 8.77 % 9.97 % 10.67 %3 Year Return 0.16 % 1.22 % 0.35 %5 Year Return 3.00 % 3.13 % 2.67 %10 Year Return 5.27 % 3.28 % 4.72 %

Fees and ExpensesProspectus Gross Expense Ratio 0.620 %Annual Expense per $1,000 Invested $6.20

Prospectus Net Expense Ratio 0.620 %Annual Expense per $1,000 Invested $6.20

12b1 Expense NoneSales Charge NoneDeferred Sales Charge None

Fund DescriptionThe investment seeks longterm capital appreciation.The Emerging Markets Core Equity Portfolio purchasesa broad and diverse group of securities associated withemerging markets, which may include frontier markets(emerging market countries in an earlier stage ofdevelopment), authorized for investment by theAdvisor's Investment Committee ("Approved Markets"),with an increased exposure to securities of small capissuers and securities.

Top 5 HoldingsSamsung Electronics Co Ltd 2.56 %Tencent Holdings Ltd 1.27 %Taiwan Semiconductor Manufacturing Co Ltd 1.23 %Usd 1.14 %China Construction Bank Corp H 0.95 %

The cumulative effect of investment fees and expenses can substantially reduce your retirementsavings. However, fees and expenses are only two of many factors to consider when deciding whatinvestment is appropriate for you. For additional information concerning the longterm effect of feesand expenses, visit the US DOL web site athttp://www.dol.gov/ebsa/publications/401k_employee.html.

The performance data quoted represents past performance and does not guarantee futureresults.Equals The investment return and principal value of an investment will fluctuate thus aninvestor's shares, when redeemed, may be worth more or less than their original cost. Performancedata assumes reinvestment of dividends and capital gains.

Mutual Fund and Morningstar Proprietary Index Data Source: ©2016 Morningstar. All RightsReserved. The mutual fund and Morningstar proprietary index information contained herein: (1) isproprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3)is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providersare responsible for any damages or losses arising from any use of this information. All other IndexSource, Lipper, a Thomson Reuters Company. Copyright 2016 © Thomson Reuters. All rightsreserved.


0.0 %94.6 %0.0 %1.3 %4.1 %

Investment by RegionAmericas 15.4 %Greater Europe 14.3 %Greater Asia 70.3 %


Mid 11.2 % 6.7 % 4.6 %

Sm 7.8 % 4.7 % 2.6 %

Value Blend Growth

Oppenheimer Developing Markets A Total Return data as of 06/30/2016



Diversified Emerging MarketsDiversified Emerging MktsMSCI EM NR USD$6,618.46 Million36.00 %

ODMAXMutual Fund19961118OppenheimerFundsLech/Leverenz5.0 Yearswww.webaccountlink.com




12b1 Expense 0.250 %Sales Charge NoneDeferred Sales Charge None

Fund DescriptionThe investment seeks capital appreciation. The fundmainly invests in common stocks of issuers indeveloping and emerging markets throughout the worldand at times it may invest up to 100% of its total assetsin foreign securities. Under normal market conditions, itwill invest at least 80% of its net assets, plusborrowings for investment purposes, in equity securitiesof issuers whose principal activities are in a developingmarket, i.e. are in a developing market or areeconomically tied to a developing market country. Thefund will invest in at least three developing markets.

Top 5 HoldingsTencent Holdings Ltd 5.14 %Oppenheimer Institutional Money Market E 4.91 %Housing Development Finance Corp Ltd 4.54 %Alibaba Group Holding Ltd ADR 3.81 %Baidu Inc ADR 3.58 %





1.4 %90.3 %0.0 %4.9 %3.4 %



Mid 1.6 % 1.4 % 2.2 %

Sm 0.6 % 0.0 % 0.0 %

Value Blend Growth

Vanguard Pacific Stock Index Adm Total Return data as of 06/30/2016



Pacific StockDiversified Pacific/AsiaMSCI ACWI Ex USA Growth NR$1,871.25 Million14.00 %

VPADXMutual Fund20010813VanguardMiller/Perre0.3 Yearswww.webaccountlink.com





Fund DescriptionThe investment seeks to track the performance of abenchmark index that measures the investment returnof stocks issued by companies located in the majormarkets of the Pacific region. The fund employs anindexing investment approach by investing all, orsubstantially all, of its assets in the common stocksincluded in the FTSE Developed Asia Pacific All CapIndex. The FTSE Developed Asia Pacific All Cap Indexis a marketcapitalizationweighted index that is madeup of approximately 2,196 common stocks of large,mid, and smallcap companies located in Japan,Australia, South Korea, Hong Kong, Singapore, andNew Zealand.

Top 5 HoldingsToyota Motor Corp 2.52 %Samsung Electronics Co Ltd 1.96 %Commonwealth Bank of Australia 1.68 %Westpac Banking Corp 1.30 %AIA Group Ltd 1.25 %





0.2 %99.5 %0.0 %0.1 %0.2 %



Mid 7.0 % 5.3 % 4.9 %

Sm 2.1 % 1.7 % 1.2 %

Value Blend Growth

Vanguard European Stock Index Adm Total Return data as of 06/30/2016



Europe StockEurope StockMSCI Europe NR USD$3,683.53 Million13.00 %

VEUSXMutual Fund20010813VanguardFranquin/Hales0.3 Yearswww.webaccountlink.com





Fund DescriptionThe investment seeks to track the performance of abenchmark index that measures the investment returnof stocks issued by companies located in the majormarkets of Europe. The fund employs an indexinginvestment approach by investing all, or substantiallyall, of its assets in the common stocks included in theFTSE Developed Europe All Cap Index. The FTSEDeveloped Europe All Cap Index is amarketcapitalizationweighted index that is made up ofapproximately 1,229 common stocks of large, mid,and smallcap companies located in 16 Europeancountriesmostly companies in the United Kingdom,France, Switzerland, and Germany.

Top 5 HoldingsNestle SA 2.62 %Roche Holding AG Dividend Right Cert. 2.16 %Novartis AG 1.95 %HSBC Holdings PLC 1.45 %British American Tobacco PLC 1.30 %





0.8 %97.1 %0.0 %0.5 %1.6 %



Mid 4.6 % 5.4 % 5.1 %

Sm 1.0 % 1.0 % 0.8 %

Value Blend Growth

Vanguard Total Bond Market Index Adm Total Return data as of 06/30/2016



IncomeIntermediateTerm BondBarclays Aggregate Bond TR$69,560.71 Million84.00 %

VBTLXMutual Fund20011112VanguardBarrickman3.4 Yearswww.webaccountlink.com





Fund DescriptionThe investment seeks the performance of a broad,marketweighted bond index. The fund employs anindexing investment approach designed to track theperformance of the Barclays U.S. Aggregate FloatAdjusted Index. This index represents a wide spectrumof public, investmentgrade, taxable, fixed incomesecurities in the United Statesincluding government,corporate, and international dollardenominated bonds,as well as mortgagebacked and assetbackedsecuritiesall with maturities of more than 1 year. All ofthe fund's investments will be selected through thesampling process, and at least 80% of the fund's assetswill be invested in bonds held in the index.

Top 5 HoldingsCMT Market Liquidity Rate 3.23 %Ginnie Mae Jumbos TBA 3.5% 20460601 0.91 %US Treasury Note 2.125% 0.55 %US Treasury Note 3.625% 0.47 %US Treasury Note 1% 0.47 %





0.0 %0.0 %96.1 %3.8 %0.0 %


Vanguard Total Stock Mkt Idx Adm Total Return data as of 06/30/2016



GrowthLarge BlendRussell 3000 TR$136,131.80 Million3.00 %

VTSAXMutual Fund20001113VanguardNejman/O’Reilly10.8 Yearswww.webaccountlink.com





Fund DescriptionThe investment seeks to track the performance of abenchmark index that measures the investment returnof the overall stock market. The fund employs anindexing investment approach designed to track theperformance of the CRSP US Total Market Index,which represents approximately 100% of the investableU.S. stock market and includes large, mid, small, andmicrocap stocks regularly traded on the New YorkStock Exchange and Nasdaq. It invests by sampling theindex, meaning that it holds a broadly diversifiedcollection of securities that, in the aggregate,approximates the full index in terms of keycharacteristics.

Top 5 HoldingsApple Inc 2.39 %Microsoft Corp 1.81 %Exxon Mobil Corp 1.68 %Johnson & Johnson 1.41 %General Electric Co 1.29 %





98.1 %0.6 %0.0 %0.0 %1.3 %



Mid 6.2 % 6.1 % 6.6 %

Sm 2.9 % 2.9 % 2.9 %

Value Blend Growth

RiverPark Strategic Income Retail Total Return data as of 06/30/2016



IncomeMultisector BondBarclays US Universal Bond$369.90 Million54.00 %

RSIVXMutual Fund20130930RiverPark FundsSherman2.8 Yearswww.webaccountlink.com

Total Return Fund Category Benchmark1 Year Return 0.86 % 2.37 % 5.82 %3 Year Return N/A 3.54 % 4.20 %5 Year Return N/A 4.22 % 4.01 %10 Year Return N/A 6.04 % 5.30 %




Fund DescriptionThe investment seeks high current income and capitalappreciation consistent with the preservation of capital.Under normal circumstances, the fund will invest noless than 80% of its net assets (plus the amount of anyborrowings for investment purposes) in (1) fixed incomesecurities that the advisor believes are MoneyGood,and for which, in the opinion of Cohanzick, if held tomaturity, there is only a limited risk of loss of principaland (2) income producing equities, for which, in theopinion of Cohanzick, the issuing company has theresources to sustain its distributions.

Top 5 HoldingsHomefed 144A 6.5% 3.81 %Ardagh Packaging 144A 9.125% 3.42 %Denali Borrower Llc / Denali 144A 5.625% 3.36 %Hunt Cos 144A 9.625% 3.08 %Casella Waste Sys 7.75% 2.83 %





0.0 %0.0 %81.8 %14.8 %1.6 %


Vanguard REIT Index Adm Total Return data as of 06/30/2016



Specialty Real EstateReal EstateS&P United States REIT TR USD$18,358.31 Million11.00 %

VGSLXMutual Fund20011112VanguardO’Reilly/Nejman10.1 Yearswww.webaccountlink.com





Fund DescriptionThe investment seeks to provide a high level of incomeand moderate longterm capital appreciation by trackingthe performance of a benchmark index that measuresthe performance of publicly traded equity REITs. Thefund employs an indexing investment approachdesigned to track the performance of the MSCI USREIT Index. The index is composed of stocks ofpublicly traded equity real estate investment trusts(known as REITs). The adviser attempts to replicate theindex by investing all, or substantially all, of its assets inthe stocks that make up the index, holding each stockin approximately the same proportion as its weighting inthe index.

Top 5 HoldingsSimon Property Group Inc 7.75 %Public Storage 4.74 %Equity Residential 3.20 %Equinix Inc 3.17 %Prologis Inc 3.16 %





99.8 %0.0 %0.0 %0.2 %0.0 %



Mid 10.1 % 21.9 % 11.6 %

Sm 7.3 % 7.2 % 3.7 %

Value Blend Growth

Schwab US Small-Cap ETF™ Total Return data as of 06/30/2016



Small CompanySmall BlendMorningstar US Small Cap TR$3,396.24 Million9.00 %

SCHAETF20091103Schwab ETFsCraig/Juwono/Hong5.4 Yearswww.webaccountlink.com

Total Return Fund Category Benchmark1 Year Return 4.56 % 5.61 % 3.77 %3 Year Return 8.61 % 6.68 % 8.40 %5 Year Return 9.66 % 7.97 % 9.16 %10 Year Return N/A 6.06 % 7.41 %




Fund DescriptionThe investment seeks to track as closely as possible,before fees and expenses, the total return of the DowJones U.S. SmallCap Total Stock Market Index. Thefund invests at least 90% of net assets in stocks thatare included in the index. The index includes thesmallcap portion of the Dow Jones U.S. Total StockMarket Index actually available to investors in themarketplace. The Dow Jones U.S. SmallCap TotalStock Market Index includes the components ranked7512500 by full market capitalization. The index is afloatadjusted market capitalization weighted index.

Top 5 HoldingsNewfield Exploration Co 0.37 %Huntington Ingalls Industries Inc 0.33 %Teleflex Inc 0.32 %Targa Resources Corp 0.29 %Diamondback Energy Inc 0.27 %





98.6 %1.0 %0.0 %0.0 %0.4 %



Mid 5.9 % 8.7 % 11.2 %

Sm 24.5 % 25.0 % 24.4 %

Value Blend Growth

Vanguard Target Retirement 2015 Inv Total Return data as of 06/30/2016



Growth and IncomeTargetDate 2015Morningstar Lifetime Mod 2025 TR$17,367.74 Million16.00 %

VTXVXMutual Fund20031027VanguardColeman/Nejman3.4 Yearswww.webaccountlink.com





Fund DescriptionThe investment seeks to provide capital appreciationand current income consistent with its current assetallocation. The fund invests in other Vanguard mutualfunds according to an asset allocation strategydesigned for investors planning to retire and leave theworkforce in or within a few years of 2015 (the targetyear). The fund's asset allocation will become moreconservative over time, meaning that the percentage ofassets allocated to stocks will decrease while thepercentage of assets allocated to bonds and other fixedincome investments will increase.

Top 5 HoldingsVanguard Total Bond Market II Idx Inv 30.01 %Vanguard Total Stock Mkt Idx Inv 28.52 %Vanguard Total Intl Stock Index Inv 18.96 %Vanguard Total Intl Bd Idx Investor 13.33 %Vanguard ShrtTerm InflProt Sec Idx Inv 9.18 %





28.6 %18.6 %48.6 %3.6 %0.6 %



Mid 6.2 % 5.8 % 6.0 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth





VTWNXMutual Fund20060607VanguardNejman/Coleman3.4 Yearswww.webaccountlink.com






Top 5 HoldingsVanguard Total Stock Mkt Idx Inv 35.04 %Vanguard Total Bond Market II Idx Inv 27.89 %Vanguard Total Intl Stock Index Inv 23.27 %Vanguard Total Intl Bd Idx Investor 12.17 %Vanguard ShrtTerm InflProt Sec Idx Inv 1.58 %





34.8 %22.7 %39.5 %1.8 %1.1 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth





VTTVXMutual Fund20031027VanguardColeman/Nejman3.4 Yearswww.webaccountlink.com






Top 5 HoldingsVanguard Total Stock Mkt Idx Inv 39.85 %Vanguard Total Intl Stock Index Inv 26.44 %Vanguard Total Bond Market II Idx Inv 23.36 %Vanguard Total Intl Bd Idx Investor 10.30 %CMT Market Liquidity Rate 0.04 %





39.6 %25.8 %32.2 %1.3 %1.1 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth





VTHRXMutual Fund20060607VanguardColeman/Nejman3.4 Yearswww.webaccountlink.com











44.0 %28.7 %25.1 %1.0 %1.1 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth





VTTHXMutual Fund20031027VanguardColeman/Nejman3.4 Yearswww.webaccountlink.com











48.4 %31.6 %18.0 %0.8 %1.2 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth




Growth and IncomeTargetDate 2040Morningstar Agg Tgt Risk TR USD$16,400.49 Million21.00 %

VFORXMutual Fund20060607VanguardColeman/Nejman3.4 Yearswww.webaccountlink.com











52.8 %34.5 %10.9 %0.6 %1.2 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth





VTIVXMutual Fund20031027VanguardColeman/Nejman3.4 Yearswww.webaccountlink.com











53.7 %35.1 %9.5 %0.5 %1.2 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth





VFIFXMutual Fund20060607VanguardNejman/Coleman3.4 Yearswww.webaccountlink.com











53.7 %35.1 %9.6 %0.5 %1.1 %



Mid 6.2 % 5.9 % 5.9 %

Sm 2.5 % 2.3 % 2.1 %

Value Blend Growth

your guide to retirement savings · 2016-08-05 · less of an impact on your take home pay than...

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