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EDB- Ratification of Agreement for Retirement Plan Fiduciary Consulting Services
EXECUTIVE SUMMARY AGENDA ITEM: Ratification of Agreement with SageView Advisory Group, Inc. (SageView) for the Retirement Plan Fiduciary Consulting Services RFP No. 2021/2022-A08 Date: July 28, 2022 BACKGROUND: In November 2020, Clay County Utility Authority (CCUA) was notified that BB&T would be merging with Truist. Truist institutional 401(k) investment advisory services business was later sold to OneDigital Investment Advisors in a transaction that closed December 31, 2020, and recordkeeping services were acquired by Ascensus effective February 29,2021. Given the limited amount of notice by BB&T, we had no choice but to transition to these providers. Staff immediately began evaluating other options to determine the best course of action moving forward. On July 30, 2021,RFP No. 2020/2021-A15 for Retirement Plan Fiduciary Consultant Services for (0 Section 457 (b) and Section 401 (a) retirement plans was advertised. Subsequently, all submitted a proposals were rejected on November 16, 2021, by the CCUA Board of Supervisors. a ca o On April 5, 2022, RFP No. 2021/2022-A08 for Retirement Plan Fiduciary Consultant Services for L3 Section 457 (b) and Section 401 (a) retirement plans were advertised. On May 5, 2022, staff received six (6) responses to the RFP, which were subsequently evaluated and scored by a staff re evaluation committee. On June 20, 2022, the evaluation committee interviewed the top two (2) ranked firms and determined that SageView provided the preferred proposal. The Board of Supervisors approved the award of contract to SageView for RFP No. 2021/2022-A08 Retirement Plan Fiduciary Consulting Services at the July 5,2022,meeting. SageView reviewed and executed the agreement after the 72-hour protest period expired. SageView remains the uncontested qualified firm. RECOMMENDATION: Staff respectfully requests the Board of Supervisors to ratify the agreement with SageView Advisory Group, Inc. contract for the Retirement Plan Fiduciary Consulting Services, RFP No. 2021/2022-A08. ATTACHMENTS: Agreement between CCUA and SageView Advisory Group, Inc. //AW(Author) //AB (Review) //JW(Final) CONTRACT BETWEEN CLAY COUNTY UTILITY AUTHORITY AND SAGEVIEW ADVISORY GROUP, INC THIS AGREEMENT for RETIREMENT PLAN FIDUCIARY CONSULTING SERVICES (or this "Agreement") is made and entered between Clay County Utility Authority ("CCUA"), an independent special district established and created pursuant to Chapter 94-491, Laws of Florida, by Special Act of 1994, 3176 Old Jennings Road, Middleburg, Florida 32068 and SageView Advisory Group, Inc., 1645 Palm Beach Lakes,Boulevard, Suite 1200,West Palm Beach,Florida, 33401 (hereinafter referred to as the"CONTRACTOR"). WI TNESSE TH: WHEREAS, CCUA has competitively solicited retirement plan fiduciary consulting services pursuant to RFP#2021/2022-A08 (the "Solicitation"); and WHEREAS, CONTRACTOR has exhibited by its response to the Solicitation that it can provide the required services; and WHEREAS, the parties hereto have agreed to the teiuis and conditions cited herein based on said o solicitation; NOW,THEREFORE, in consideration of the mutual covenants,terms, and provisions contained herein, the parties agree as follows: SECTION 1. TERM The term of this Agreement shall become effective on August 18, 2022, and continue through August 17, 2027. The contract may be renewed, subject to written notice of agreement, for one (1)additional five (5) year period. SECTION 2. SCOPE OF SERVICES The Contractor shall provide the"Scope of Services"in Exhibit 'A,' which is attached hereto and incorporated herein. SECTION 3. ADDITIONAL OBLIGATIONS OF THE CONTRACTOR Additional obligations of the CONTRACTOR shall include, but not be limited to,the following: A. The CONTRACTOR shall provide and pay for all intellectual property, labor, tools, materials, permits, equipment, transportation, IT resources, communication, database resources, supervision, and any and all other items or services, of any type whatsoever, which are necessary to fully complete and deliver the Scope of Services requested by CCUA,and shall not have CCUA to create,or cause to be filed, any claims for labor and/or materials against CCUA. Such claim, until it is released or adequately bonded or insured against, shall preclude all of the CONTRACTOR's claims, or demands for any payment expected by virtue of this Agreement. B. The CONTRACTOR will ensure that all its employees, agents, subcontractors, representatives, volunteers, and the like, fully comply with all the terms and conditions set herein, when providing services for CCUA in accordance with this Agreement. C. The CONTRACTOR shall be solely responsible for the means, methods, techniques, sequences, and procedures necessary to provide the Scope of Services properly and fully for CCUA under this Agreement. D. The CONTRACTOR shall maintain an adequate and competent staff and remain authorized to do business within the State of Florida. The CONTRACTOR may subcontract the services requested by CCUA, but only with prior written approval from CCUA; however, the CONTRACTOR is fully responsible for the satisfactory completion of all subcontracted services. SECTION 4. STANDARD OF CARE A. The CONTRACTOR has represented to CCUA that it possesses a level of knowledge, experience, and expertise that is commensurate with firms in the areas of practice required for the Scope of Services to be provided to CCUA under this Agreement. By executing this Agreement, the CONTRACTOR agrees that the CONTRACTOR will exercise that degree of care, knowledge, skill, and ability as any other similarly situated contractor possessing the degree of skill, knowledge, experience, and expertise with respect to the successful and timely completion and performance of the Scope of Services for CCUA. The CONTRACTOR shall perform the Scope of Services requested in a professional and efficient manner, consistent with applicable law, accepted practices, and industry standards. B. The CONTRACTOR covenants and agrees that it and its employees, agents, subcontractors,representatives,volunteers, and the like,shall be bound by the same standards of conduct as stated above. SECTION 5. COMPENSATION A. The amount to be paid under this Agreement for acceptable performance of the Scope of Services described in Exhibit 'A' shall not exceed .12% of the total plan assets not to exceed amount of Thirty Thousand Dollars($30,000). B. Compensation for services completed by the CONTRACTOR shall be paid in accordance with section 218.70, Florida Statutes, Florida's Local Government Prompt Payment Act. C. Services to be performed in accordance with this Agreement are subject to the annual appropriation of funds by CCUA. In its sole discretion, CCUA reserves the right to forego use of the CONTRACTOR for any services which may fall within the Scope of Services listed herein. In the event CCUA is not satisfied with the services provided by the CONTRACTOR, CCUA will hold any amounts due until such time as the CONTRACTOR has appropriately addressed the problem. SECTION 6. TERMINATION FOR CAUSE If, through any cause, the Contractor shall fail to fulfill in a timely and proper manner its obligations under this Agreement, or if the Contractor shall violate any of the provisions of this Agreement, CCUA may upon written notice to the Contractor terminate the right of the Contractor to proceed under this Agreement, or with such part or parts of the Agreement as to which there has been a default or failure of performance, and may hold the Contractor liable for any damages caused to CCUA by reason of such default, failure of performance, and termination. In the event of such termination, any completed services performed by the Contractor under this Agreement shall at the option of CCUA become CCUA's property or may otherwise be relied on and utilized by CCUA, and the Contractor shall be entitled to receive equitable compensation for any professional services completed and provided to the satisfaction of CCUA. The Contractor, however, shall not be relieved of liability to CCUA for damages sustained by CCUA by reason of any breach of the Agreement by the Contractor and CCUA may withhold any payments to the Contractor for the purpose of setoff until such time as the amount of damages due to CCUA from the Contractor can be determined. SECTION 7. TERMINATION FOR CONVIENCE CCUA reserves the right, in the organization's best interest as determined by CCUA,to cancel this Agreement by giving written notice to the Contractor thirty(30) days prior to the effective date of such cancellation. SECTION 8. PAYMENT WHEN SERVICES ARE TERMINATED A. In the event of termination of this Agreement by CCUA, and not due to the fault of the CONTRACTOR, CCUA shall compensate the CONTRACTOR for all authorized services performed prior to the effective date of termination. C. In the event of termination of this Agreement due to the fault of the CONTRACTOR, or at the written request of the CONTRACTOR, CCUA shall compensate the CONTRACTOR for all authorized services completed,prior to the effective date of termination,which have resulted in a usable or otherwise tangible benefit to CCUA. All such payments shall be subject to an off set for any damages I incurred by CCUA resulting from any delay occasioned by early termination. This provision shall in no way be construed as the sole remedy available to CCUA in the event of breach by the CONTRACTOR. I SECTION 9. INSURANCE GENERAL LIABILITY INSURANCE The limits of this insurance shall not be less than the following limits: Each Occurrence Limit $1,000,000 Personal &Advertising Injury Limit $1,000,000 Medical Expense Limit(any one person) $ 10,000 General liability coverage shall apply to "bodily injury" and to "property damage" occurring on, about, or in transit to CCUA's premises for the covered operations or professional services to be performed for CCUA by or on behalf of the additional insureds. WORKERS' COMPENSATION AND EMPLOYER'S LIABILITY INSURANCE The Contractor shall purchase and maintain at the Contractor's sole expense Workers' Compensation and Employer's Liability insurance coverage for the life of this Agreement. The Limits of this insurance shall not be less than the following limits: Part One—Workers' Compensation Insurance—Unlimited Statutory Benefits as provided in the Florida Statutes Part Two—Employer's Liability Insurance Bodily Injury By Accident $500,000 Each Bodily Injury By Disease $500,000 Policy Bodily Injury By Disease $500,000 Each *If leased employees are used, policy must include an Alternate Employer's Endorsement. EXCESS LIABILITY INSURANCE The Contractor shall purchase and maintain at the Contractor's sole expense Excess Liability (Umbrella Form)insurance coverage for the life of this Contract. The Limits of this insurance shall not be less than the following limits: Each Occurrence Limit $2,000,000 Aggregate Limit $2,000,000 PROFESSIONAL LIABILITY (ERRORS & OMISSIONS) This additional coverage will be required for all projects involving consultants and similar exposures. The Contractor shall purchase and maintain at the Contractor's sole expense Professional Liability insurance coverage for the life of this Agreement. The minimum amount of such insurance shall be as follows: Per Claim/Annual Aggregate $5,000,000 Professional Liability coverage will be provided on an Occurrence Form or a Claims Made Form with a retroactive date to at least the first date of this Agreement. If provided on a Claims Made Form,the coverages must respond to all claims reported within three(3)years following the period for which coverage is required and which would have been covered had the coverage been on an occurrence basis. CYBER AND DATA SECURITY LIABILITY This additional coverage will be required of Proposer for information technology services, software providers, programmers, and similar exposures. The Contractor shall purchase and maintain at the Contractor's sole expense Cyber and Data Security Liability insurance coverage for the life of this Contract. The minimum amount of such insurance shall be as follows: Technology Errors and Omissions Liability coverage $1,000,000/per claim Media $1,000,000/per claim Network and Data(Information) Security $1,000,000/per claim Policy coverage must include Third Party Liability coverage. CRIME/FIDELITY COVERAGE This additional coverage will be required for all service providers involving information technology services,Pension consulting and administration,and similar exposures. The Contractor shall purchase and maintain at the Contractor's sole expense Crime/Fidelity and/or Fiduciary Liability insurance coverage for the life of this Contract. The minimum amount of such insurance shall be as follows: Third Party Employee Dishonesty $1,000,000 Contractor shall require each of its subcontractors/vendors to likewise purchase and maintain at their expense Commercial General Liability insurance, Workers' Compensation and Employer's Liability coverage, Automobile Liability insurance and Excess Liability insurance coverage meeting the same limit and requirements as the Contractor/Vendors insurance. Certificates of Insurance acceptable to CCUA for the Contractor / subcontractor / vendor's insurance must be received within five (5) days of Notification of Selection and at time of signing Agreement. Certificates of Insurance and the insurance policies required for this Agreement shall contain an endorsement that coverage afforded under the policies will not be cancelled or allowed to expire until at least thirty(30) days prior written notice has been given to CCUA. Certificates of Insurance and the insurance policies required for this Agreement will include a provision that policies, except Workers' Compensation, are primary and noncontributory to any insurance maintained by the Contractor/subcontractor/vendor. CCUA must be named as an Additional Insured and endorsed onto the Commercial General Liability (CGL), Auto Liability and Excess Liability policy(ies). A copy of the endorsement(s) must be supplied to CCUA within ten(10)days following the execution of the Agreement or prior to the first date of professional services being provided,whichever comes first. The Contractor waives, and the Contractor shall ensure that the Contractor's insurance carrier waives, all subrogation rights against CCUA and CCUA's officers, employees, and volunteers for all losses or damages. CCUA requires the policy to be endorsed with WC 00 03 13 Waiver of our Right to Recover from Others or equivalent. CCUA shall retain the right to review, at any time, coverage from, and amount of insurance. The procuring of required policies of insurance shall not be construed to limit the Contractor's liability or to fulfill the indemnification provisions and requirements of this Agreement. The Contractor shall be solely responsible for payment of all premiums for insurance contributing to the satisfaction of this Agreement and shall be solely responsible for the payment of all deductibles and retentions to which such policies are subject, whether or not CCUA is an insured under such policy(ies). A. The CONTRACTOR shall name CCUA as a certificate holder and as additional insured,to the extent of the services to be provided hereunder,on all required insurance policies, and provide CCUA with proof of same. B. The CONTRACTOR, and any authorized subcontractor(s), shall provide CCUA's Procurement Department with Certificate(s) of Insurance evidencing such coverage for the duration of this Agreement. Said Certificate(s)of Insurance shall be dated and show: 1. The name of the insured CONTRACTOR; 2. The Agreement by name and CCUA Contract or RFP/Proposal number; 3. The name of the insurer; 0 4. The number of the policy; 5. The effective date; 6. The termination date; and 7. A statement that the insurer will mail notice to CCUA at least thirty(30) days prior to any material changes in the provisions or cancellation of the policy. C. Receipt of certificates or other documentation of insurance or policies or copies of policies by CCUA, or by any of its representatives, which indicates less coverage than is required, does not constitute a waiver of the CONTRACTOR's obligation to fulfill the insurance requirements specified herein. D. The CONTRACTOR shall ensure that any subcontractor(s),hired to perform any of the duties contained in the Scope of Services of this Agreement,maintain the same insurance requirements set forth herein. In addition, the CONTRACTOR shall maintain proof of same on file and made readily available upon request by CCUA. SECTION 10. CCUA OBLIGATIONS At the CONTRACTOR's request, CCUA agrees to provide, at no cost to CCUA, all pertinent information known to be available to CCUA to assist the CONTRACTOR in providing and performing the required professional services under this Agreement. SECTION 11. DOCUMENTS CONSTITUTING ENTIRE AGREEMENT The following documents are hereby incorporated and made part of this Agreement: 1. Exhibit A— Scope of Services 2. Exhibit B —Original proposal submitted by Contractor In the event of a conflict between the covenants, terms, and/or provisions of this Agreement and Exhibit"A,"the provisions of the Agreement shall take precedence. SECTION 12. APPLICABLE LAW,VENUE,JURY TRIAL The laws of the State of Florida shall govern all aspects of this Agreement. In the event it is necessary for either party to initiate legal action regarding this Agreement, venue shall lie in Clay County, Florida. The parties hereby waive their right to trial by jury in any action, proceeding or claim, arising out of this Agreement, which may be brought by either of the parties hereto. In all respects, this Agreement is governed by and construed in accordance with the laws of the State of Florida without giving effect to any choice of law rules thereof that may direct the application of the laws of another jurisdiction. SECTION 13. PUBLIC RECORDS COMPLIANCE A. If the Contractor has questions regarding the application of Chapter 119, Florida Statutes, to the Contractor's duty to provide public records relating to this Agreement, contact the custodian of public records at the following: Public Records 3176 Old Jennings Road Middleburg,Florida 32068 (904) 272-5999 Reco rds req uest(ai clayutility.o rg B. The CONTRACTOR understands that by virtue of this Agreement all its documents, records, and materials of any kind, relating to the relationship created hereby, shall be open to the public for inspection in accordance with Florida law. If CONTRACTOR shall act on behalf of CCUA, as provided under section 119.011(2), Florida Statutes, as amended, the CONTRACTOR, shall: 1) Keep and maintain public records that ordinarily and necessarily would be required by CCUA to perform the service; and 2) Provide the public with access to public records on the same terms and conditions that CCUA would provide the records and at a cost that does not exceed the cost provided by Florida law; and 3) Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law; and 4) Meet all requirements for retaining public records and transfer,at no cost,to CCUA all public records in possession of the CONTRACTOR upon termination of the contract and destroy any duplicate public records that are exempt or confidential and exempt from public records disclosure requirement. All records stored electronically must be provided to CCUA in a format that is compatible with the information technology systems of CCUA; and 5) If the CONTRACTOR does not comply with a public records request, CCUA shall enforce the Agreement provisions in accordance with the Agreement. SECTION 14. INDEPENDENT CONTRACTOR This Agreement does not create an employee/employer relationship between the parties. It is the parties' intention that the CONTRACTOR, its employees, subcontractors, representatives, volunteers, and the like, will be an independent contractor and separate legal entity, and not an employee,of CCUA for all purposes,including,but not limited to,the application of the following, as amended: the Fair Labor Standards Act minimum wage and overtime payments, the Federal Insurance Contribution Act, the Social Security Act, the Federal Unemployment Tax Act, the provisions of the Internal Revenue Code, the State of Florida revenue and taxation laws, the State of Florida workers' compensation laws, the State of Florida unemployment insurance laws, and the Florida Retirement System benefits. The CONTRACTOR will retain sole and absolute discretion in the judgment of the manner and means of carrying out the CONTRACTOR's activities and responsibilities hereunder. SECTION 15. APPLICABLE LICENSING The CONTRACTOR, at its sole expense, shall obtain all required federal, state, and local licenses, occupational and otherwise, required to successfully providing the services set forth herein. SECTION 16. COMPLIANCE WITH ALL LAWS The CONTRACTOR, at its sole expense, shall comply with all laws, ordinances, judicial decisions, orders, and regulations of federal, state, CCUA, and municipal governments, as well as their respective departments, commissions, boards, and officers, which are in effect at the time of execution of this Agreement or are adopted at any time following the execution of this Agreement. SECTION 17. INDEMNIFICATION The Contractor agrees to protect, defend, indemnify, and hold CCUA and the organization's officers, employees and agents harmless the from and against any and all losses, penalties, damages, settlements, claims, costs, charges for other expenses, litigation, whether in court or before an administrative body, or liabilities of every and any kind including attorney fees, in connection with or arising directly or indirectly out of the professional services agreed to or performed by Contractor under the terms of any Agreement that may arise due to the Solicitation process. Without limiting the foregoing, any and all such claims, suits, or other actions relating to personal injury,death,damage to property,loss of value,loss of income,misrepresentation,breach of fiduciary duty, actual or alleged violations of any applicable Federal or State Statute,ordinance, administrative order, rule or regulation, or decree of any court shall be included in the indemnity and hold harmless agreement hereunder. SECTION 18. SOVEREIGN IMMUNITY CCUA expressly retains all rights,benefits, and immunities of sovereign immunity in accordance with Section 768.28, Florida Statutes. Notwithstanding anything set forth in any section, article or paragraph of this Agreement to the contrary, nothing in this Agreement shall be deemed as a waiver of sovereign immunity or limits of liability which may have been adopted by the Florida Legislature or may be adopted by the Florida Legislature, and the cap on the amount and liability of CCUA for damages, attorney fees and costs, regardless of the number or nature of claims in tort, equity or contract, shall not exceed the dollar amount set by the Florida Legislature for tort. Nothing in this Agreement shall inure to the benefit of any third party for the purpose of allowing any claim against CCUA which would otherwise be barred under the Doctrine of Sovereign Immunity or operation of law. SECTION 19. BANKRUPTCY OR INSOLVENCY If the CONTRACTOR shall file a Petition in Bankruptcy,or if the same shall be adjudged bankrupt or insolvent by any Court,or if a receiver of the property of the CONTRACTOR shall be appointed in any proceeding brought by or against the CONTRACTOR,or if the CONTRACTOR shall make an assignment for the benefit of creditors, or proceedings shall be commenced on or against the CONTRACTOR's operations of the premises, CCUA may terminate this Agreement immediately notwithstanding the notice requirements of Section 6 hereof. SECTION 20. BINDING EFFECT This Agreement shall be binding upon and inure to the benefit of the parties hereto, their heirs, personal representatives, successors, and/or assigns. SECTION 21. ASSIGNMENT This Agreement shall only be assignable by the CONTRACTOR upon the express written consent of CCUA. SECTION 22. SEVERABILITY All clauses found herein shall act independently of each other. If a clause is found to be illegal or unenforceable, it shall have no effect on any other provision of this Agreement. It is understood by the parties hereto that if any part, term, or provision of this Agreement is by the courts held to be illegal or in conflict with any law of the State of Florida or the United States, the validity of the remaining portions or provisions shall not be affected, and the rights and obligations of the parties shall be construed and enforced as if the Agreement did not contain the particular part, term, or provision held to be invalid. SECTION 23. WAIVER Failure of the parties to insist upon strict performance of any of the covenants, terms, provisions, or conditions of this Agreement, or to exercise any right or option herein contained, shall not be construed as a waiver or a relinquishment for the future of any such covenant, term, provision, condition, or right of election, but same shall remain in full force and effect. SECTION 24. NOTICE The parties hereto agree and understand that written notice, mailed or delivered to the last known mailing address, shall constitute sufficient notice to CCUA and the CONTRACTOR. All notices required and/or made pursuant to this Agreement to be given to CCUA and the CONTRACTOR shall be in writing and given by way of the United States Postal Service, first class mail, postage prepaid, addressed to the following addresses of record: CCUA: Clay County Utility CCUA Attention : Jeffrey S. Wesselman, CPA Chief Financial Officer 3176 Old Jennings Road Middleburg, Florida 32068 CONTRACTOR: SageView Advisory Group Inc. Attention : Lisa Garcia Retirement Plan Consultant 1645 Palm Beach Lakes Boulevard, Suite 1200 West Palm Beach, Florida 33401 SECTION 25. MODIFICATION The covenants, terms, and provisions of this Agreement may be modified by way of a written instrument, mutually accepted by the parties hereto. In the event of a conflict between the covenants, terms, and/or provisions of this Agreement and any written Amendment(s) hereto, the provisions of the latest executed instrument shall take precedence. SECTION 26. HEADINGS All headings of the sections, exhibits, and attachments contained in this Agreement are for the purpose of convenience only and shall not be deemed to expand, limit, or change the provisions contained in such sections, exhibits, and attachments. SECTION 27. ADMINISTRATIVE PROVISIONS In the event CCUA issues a purchase order, memorandum, letter, or any other instrument addressing the services, work, and materials to be provided and performed pursuant to this Agreement, it is hereby specifically agreed and understood that any such purchase order, memorandum, letter, or other instrument is for CCUA's internal purposes only, and any and all terms, provisions, and conditions contained therein, whether printed or written, shall in no way modify the covenants, terms, and provisions of this Agreement and shall have no force or effect thereon. SECTION 28. CONFLICT OF INTEREST The CONTRACTOR warrants that the CONTRACTOR has not employed or retained any company or person, other than a bona fide employee working solely for the CONTRACTOR, to solicit or secure this Agreement, and that the CONTRACTOR has not paid or agreed to pay any person, company, corporation, individual, or firm any fee, commission, percentage, gift, or any other consideration, contingent upon or resulting from the award or making of this Agreement. For the breach or violation of this Section, CCUA shall have the right to terminate this Agreement immediately, without liability and without regard to the notice requirements of Section 6 hereof. SECTION 29. PUBLIC ENTITY CRIMES As required by section 287.133,Florida Statutes,the CONTRACTOR warrants that it is not on the convicted contractor list for a "public entity crime" committed within the past thirty-six (36) months. The CONTRACTOR further warrants that it shall neither utilize the services of, nor contract with, any supplier, subcontractor, or consultant in connection with this Agreement for a period of thirty-six(36)months from the date of that person or entity being placed on the convicted contractor list. SECTION 30. EMPLOYMENT ELIGIBILITY VERIFICATION (E-VERIFY) In accordance with State of Florida, Office of the Governor,Executive Order 11-116 (superseding Executive Order 11-02; Verification of Employment Status), in the event performance of this Agreement is or will be funded using state or federal funds, the CONTRACTOR must comply with the Employment Eligibility Verification Program ("E-Verify Program") developed by the federal government to verify the eligibility of individuals to work in the United States and 48 CFR 52.222-54 (as amended) is incorporated herein by reference. If applicable, in accordance with Subpart 22.18 of the Federal Acquisition Register, the CONTRACTOR must (1) enroll in the E- Verify Program, (2)use E-Verify to verify the employment eligibility of all new hires working in the United States, except if the CONTRACTOR is a state or local government, the CONTRACTOR may choose to verify only new hires assigned to the Agreement; (3)use E-Verify to verify the employment eligibility of all employees assigned to the Agreement; and (4) include these requirement in certain subcontract, such as construction. Information on registration for and use of the E-Verify Program can be obtained via the internet at the Department of Homeland Security Web site: http://www.dhs.gov/E-Verify. SECTION 31. JOINT AUTHORSHIP This Agreement shall be construed as resulting from joint negotiation and authorship. No part of this Agreement shall be construed as the product of any one of the parties hereto. SECTION 32. EQUAL OPPORTUNITY EMPLOYER The CONTRACTOR is an Equal Opportunity Employer and will comply with all equal opportunity employment laws. The CONTRACTOR will further ensure that all subcontractors it utilizes in providing the services required hereunder will comply with all equal opportunity employment laws. SECTION 33. AUDITING, RECORDS,AND INSPECTION In the performance of this Agreement, the CONTRACTOR shall keep books, records, and accounts of all activities, related to the Agreement, in compliance with generally accepted accounting procedures. Throughout the term of this Agreement, books, records, and accounts related to the performance of this Agreement shall be open to inspection during regular business hours by an authorized representative of CCUA and shall be retained by the CONTRACTOR for a period of three(3)years after termination or completion of the Agreement,or until the full CCUA audit is complete, whichever comes first. CCUA shall retain the right to audit the books during the three (3)-year retention period. All books,records, and accounts related to the performance of this Agreement shall be subject to the applicable provisions of the Florida Public Records Act, Chapter 119, Florida Statutes. CCUA also has the right to conduct an audit within sixty(60) days from the effective date of this Agreement to determine whether the CONTRACTOR has the ability to fulfill its contractual obligations to the satisfaction of CCUA. CCUA has the right to terminate this Agreement based upon its findings in this audit without regard to the termination provision set forth herein. SECTION 34. CLIENT SERVICE MANAGERS CCUA and the CONTRACTOR have identified individuals as "Client Service Managers" (herein so called), listed below, who shall have the responsibility for managing the Scope of Services to be performed under this Agreement. The person or individual identified by the CONTRACTOR to serve as the Client Service Manager for this Agreement, or any replacement thereof, is subject to prior written approval and acceptance by CCUA. If CCUA or CONTRACTOR replace their own current Client Service Manager with another individual, an amendment to this Agreement shall not be required. CCUA will notify the CONTRACTOR, in writing, if the current CCUA Client Service Manager is replaced by another individual. A. CCUA Client Service Manager's contact information is as follows: Jeffrey S. Wesselman, CPA Chief Financial Officer Clay County Utility CCUA 3176 Old Jennings Road Middleburg, Florida 32068 Phone: 904-213-2404 Email:jwesselman@clayutility.org B. The CONTRACTOR Client Service Manager's contact information is as follows: STATE OF C liFnfnl� COUNTY OF Ori1,i19e The foregoing instrument was executed before me this 3 day of 5J I f , 2022 by J oA 'personally as .pf ip i pwi of SageView Advisory Group, Inc., who personally swore or affirmed that he/she is authorized to execute this Agreement and thereby bind the Corporation, and who is personally known to me OR has produced ll arcver 14 Li ctr,, as identification. Signature: 0 444/ Print Name: Z a cX Grk, y .Sri, NOTARY PUBLIC, State of C&,l i r►'1 C` My Commission Expires: 5 / G/ Z.0 25 "4"." ZdCK (Stamp) " i� maw ' a: Notary Public•California to 4 =^ Orange County w�* Commission#2358985 FOR CCUA: ztrzaMy Comm.Expires May 26,2025 Signature: Print Name: NOTARY PUBLIC, State of My Commission Expires: (Stamp) Lisa Garcia,Retirement Plan Consultant SageView Advisory Group Inc. 1645 Palm Beach Lakes, Boulevard, Suite 1200 West Palm Beach,Florida 33401 Phone: 407-791-3562 Email: lgarcia@sageviewadvisory.com SECTION 35. COUNTERPARTS, ELECTRONIC TRANSACTION, AND ELECTRONIC SIGNATURES This Agreement may be electronically executed by the parties in counterparts up to but not exceeding the number of parties,each of which shall be deemed an original and all of which,taken together, shall constitute one agreement. Each party may deliver its executed signature page by email transmission to the other parties at the email addresses set forth herein. Delivery shall be effective and complete upon completion of such email transmission.The parties agree that electronic signatures may be use in the execution of this Agreement in accordance with Parts I and II of Chapter 668, Florida Statutes. SECTION 36. SIGNATORY. Each signatory below represents and warrants that he or she has the full power and is duly authorized, by their respective party, to enter into and perform under this Agreement. Such signatory further represents that he or she has fully reviewed and understands the terms and conditions set forth in this Agreement,including exhibits,and fully intends to abide by and comply with all of the terms and conditions set forth herein. IN WITNESS WHEREOF, the parties hereto, by their duly authorized representatives, have executed this Agreement effective the 13 day of Tj l if ,20 Z SAGEVIEW ADVISORY GROUP INC. CLAY COUNTY UTILITY AUTHORITY By: By: Prii arm: Print Name: Jeremy Johnston,MBA,PE Title: �r l'A..Cr fa ( Title: Executive Director Attest: ' " , Attest: Print Name: Nu- 'W WP(I -S 0)3 Print Name:Angelia Wilson Title: CAUC ADMIPI rIW 6f1 A -' Title: Procurement Manager Address: ODO Ntr,Arikur !e,I 0 t7 Address: 3176 Old Jennings Road �l1 ewy�►- G/� Z 6(� Middleburg,Florida 32068 EXHIBIT 'A' Scope of Services and Related Requirements CCUA requests proposals from qualified firms for retirement services for fiduciary consulting services for IRC Section 401(a) (Defined Contribution Plan) and Section 457(b) (Deferred Compensation Plan)retirement plans,in accordance with the following specifications listed herein. CCUA may add or delete specified services listed and specified herein during the life of this Agreement as directed by CCUA's service protocols. As of March 9, 2022, there were approximately 168 active participants (mandatory participants) in CCUA's defined contribution plan, which includes 457(b) and 401(a) retirement plans (EXHIBIT `B'). As of that date, plan assets totaled approximately $13.6 million. Participants currently have several investment options from which to choose offered by third party administrator/record keeper,Ascensus,LLC.In addition,plan assets also include rollover amounts from other qualified retirement plans (e.g., IRC Section 401(k), 403(b), 401(a), etc.). CCUA seeks a proposal from a qualified and experienced firm in Retirement Planning Services to serve as a financial adviser and fiduciary. The Successful Proposer shall evaluate, on at least a quarterly basis, the performance and cost of investment options offered to participants by the Third-Party Administrator (TPA). Further, the Successful Proposer shall also provide general consultation services regarding IRC Section 457(b)and Section 401(a)plan issues. CCUA intends to obtain sound, independent, and objective advice. CCUA seeks a Retirement Planning Services firm, which shall provide but is not limited to the following: 1. Retirement Planning Services as financial adviser and fiduciary 2. General consulting services for CCUA's Board of Supervisors,Executive Director,and Chief Financial Officer as needed regarding, but not limited to the items listed below. a. Retirement plan documents b. Retirement plan design c. Monitoring of operation and performance of CCUA's deferred compensation program and defined contribution plan d. CCUA's written Investment Policy Statement e. CCUA's strategic goals for retirement planning for employees f Detailed retirement and financial planning communications for CCUA employees g. Detailed onsite employee financial and retirement planning education programs h. Industry best practices for both internal and plan service provider procedures i. Implementation and compliance with new and existing federal and state laws, and regulatory requirements and changes, etc. j. Consideration and implementation of accepted CEBS/CBP management,planning, and benefits principles applicable to CCUA's retirement plans 3. Quarterly Investment Review Services through delivery of written financial reports as requested by CCUA which include but not limited to the reports listed below. a. An economic overview and general market conditions for the reporting period b. A comparison of each investment option's performance to appropriate market benchmarks and CCUA Investment Policy (EXHIBIT 'A') c. A verification of investment style of each investment option d. A measurement of the risk characteristics of each investment option e. Historical performance with a focus on consistency f Morningstar or equivalent ratings g. Comments on manager tenure and on the popularity of funds among participants h. A review of expenses and returns of each fund option i. An analysis of the extent to which investment policies have been carried out and how they have affected actual fund performance j. Recommendations for alternative investment that meet policy requirements and performance benchmarks to address any of the above k. A summary of findings and recommendations based on individual funds' strengths and/or weaknesses in the Plan 1. A review of plan participant fund selections by age m. Responsible for plan administration duties, including capturing and reporting meeting minutes for Trustee (as designated by the Board of Supervisors which is currently CCUA's Executive Director and Chief Financial Officer) (i.e.,the trustee of CCUA's retirement plans) review and approval n. Provides Financial Wellness Program initiative for plan participants, including but not limited to, financial advice and counseling with a Certified Financial Planner, and financial education programs and workshops 4. Prepare, coordinate, issue, and evaluate with CCUA Senior Leadership Team (SLT) a solicitation for a Third-Party Administrator/Record Keeper. The Successful Proposer shall include the services listed below. CCUA defines the SLT as CCUA's Executive Director, Chief Financial Officer, Chief Human Resources Officer, Chief Operations Officer, and Chief Engineer. a. Prepare the solicitation documents for a Retirement Plan Record Keeper i. The Successful Proposer shall work with CCUA's SLT regarding the requirements and evaluation criteria to include in the Solicitation documents. b. Review the Solicitation documents with CCUA's SLT i. CCUA's SLT and Procurement Manager shall approve the Solicitation documents prior to advertisement. c. Coordinate with CCUA's SLT regarding the evaluation of Solicitation responses from firms interested in serving as CCUA's Retirement Plan Record Keeper d. Provide a written recommendation to CCUA's SLT for the selection of a Retirement Plan Record Keeper and receive concurrence from CCUA's SLT prior to award of contract for the Retirement Plan Record Keeper. i. Prepare and provide presentation support to CCUA's Board of Supervisors recommending selection of a Retirement Plan Record Keeper CCUA currently has one (1) Record Keeper, Ascensus, and two (2) plans with 168 Current participants. The summary of Assets as of March 9, 2022, is estimated as follows: 457(b)- CCUA Deferred Compensation Plan $ 1,928,122.95 401(a)- CCUA 401(a) Flexible Plan $ 11,736,688.71 Total Assets $ 13,664,811.66 FGw to RESPONSE TO REQUEST FOR PROPOSAL Clay County Utility Authority Retirement Plan Fiduciary Consulting Services RFP# 2021/2022-A08 Submission Date: May 5, 2022 Lisa Garcia, AIF®, CPFA, AIF, MBA Sage View Advisory Group 1645 Palm Beach Lakes Boulevard, Suite 1200 West Palm Beach, FL 33401 (407) 791-3562 Igarcia@sageviewadvisory.com S G IFWE 1645 Palm Beach Lakes Blvd Suite 1200 West Palm Beach, FL 33401 May 5, 2022 RE: Request for Proposals For Retirement Plan Fiduciary Consulting Services- RFP# 2021/2022-A08 To the Clay County Utility Authority Committee: Thank you for allowing SageView Advisory Group, LLC ("SageView") to present our firm's capabilities for investment consulting services to Clay County Utility Authority ("CCUA").At SageView, we strive for a culture of consistency, client commitment, and to create a defendable process for fiduciaries. We hope our response not only conveys our commitment to fulfilling your requested needs, but also our consulting abilities and enthusiasm to provide services in the context of a collaborative partnership. SageView's focus on retirement plan consulting and investment advisory services is a business model that's been in place for 30 years. Since our inception, we have been dedicated to providing unbiased fiduciary services to retirement plans. The scope of services requested in this RFP is the core of our business and we are fully committed to providing the level of service and resources needed for a successful relationship. Our History SageView was founded by in 1989 in Irvine, CA (now headquartered in Newport Beach, CA) and we to now service clients out of 31 regional offices. Since our inception, we consult on 401(k), 403(b), 457, defined benefit, and non-qualified deferred compensation. As of December 31, 2021, we provide consulting services to 1,537 retirement plans with assets totaling $175.4 billion. We employ 230 talented individuals and are privately-owned by our employees and Aquiline Capital Partners. Our Mission We simplify the complexities of retirement by applying clear thinking, innovative processes and national resources, giving you insights and clarity on investing, compliance and fiduciary obligations so you can make informed decisions. As a fiduciary advisor to both employers and individuals, we believe our role is to be an objective and unbiased partner, using our unique services to provide a sound retirement plan and fiduciary oversight process. Service Focused We have dedicated specialists, resources and scalable solutions for retirement plans of all sizes for investment consulting, fiduciary risk management, compliance guidance, retirement plan design, financial wellness, vendor comparative analysis, and fee benchmarking. Team-focused Personalized Proactive approach service collaboration /-0 SEE WHERE YOU'RE GOING Local Presence, National Resources Our firm has one goal -to leverage all of our employees, who are focused entirely on retirement plan sponsors' and participants' needs,to support the Committee from a fiduciary standpoint all the while increasing the likelihood that your participants reach their retirement goals. Our CEFEX certification speaks to our focused approach on fiduciary best practices. SageView is , among a small, select group of investment advisors to -� be awarded this certification by the Centre for Fiduciary Excellence. In 2019, SageView was one of eight CEFEX-certified firms recognized for our decade of adherence to a defined Standard of Practice. Through CEFEX's independent assessment, the certification provides assurance to Plan Sponsors that SageView has demonstrated adherence to the industry's best fiduciary standards and practices. Lisa Garcia, located in Orlando, FL, will be your main point of contact for the Plans and for this RFP. With the support of the local Florida team, they will work collaboratively and will be further supported by a national team to proactively service CCUA. We are well positioned to serve as a fiduciary partner to CCUA and to support plan participants through the innovative approach we have developed for investment oversight. If you have any questions, please do not hesitate to contact Lisa at the contact information listed below.We do not anticipate any substitutions, but will confirm that if a substitution is necessary, any substitution must have prior approval of CCUA. to Lisa Garcia, AIF®, QPFC, MBA Retirement Plan Consultant 1645 Palm Beach Lakes Blvd, Suite 1200 West Palm Beach, FL 33401 T (407) 791-3562 F (561) 207-2001 Igarcia@sageviewadvisory.com As you read through our proposal, we hope you find that we have effectively communicated our core strengths and ability to provide day-to-day consulting in a way that furthers your organizational goals. Thank you again for the opportunity to convey our capabilities; we would be honored to serve CCUA and your employees. Sincerely, q)24714/v 6 `/7 Randall Long, AIF® Managing Principal SEE WHERE YOU'RE GOING TABLE OF CONTENTS TITLE PAGE 1 TABLE OF CONTENTS 2 MANDATORY REQUIREMENTS 3 A. Minimum Qualifications 3 B. Background and Qualifications 4 C. Portfolio Evaluation/Reporting and Participant Education 9 D. Approach to Delivery Services 13 E. Price Proposal/Fee Structure 20 EXHIBITS A. Client Reference Letters B. Sample Investment Review C. Webinar and Participant Flyers to SageView Advisory Group, LLC 2 I P a g e MANDATORY REQUIREMENTS A. Minimum Qualifications 1. The Proposer must have been in business for a minimum of four (4) years and this information must be verifiable on https://dos.myflorida.com/sunbiz; Confirmed. 2. The Proposer must provide the number of clients and type of clientele (defined by industry and size of portfolio); Please see below for the number of clients and type of clientele we serve: Asset Ranges $10 $50 $100 $250 $500 el <$10 million million million million million' $1 Client Type million -$50 -$100 -$250 -$500 -$1 billion+ Total million million million million billion Governmental/Public 21 28 13 18 3 2 3 88 Not for Profit 134 89 35 26 13 17 6 320 to For Profit/Private Sector 403 347 126 130 60 38 25 1,129 3. Proposer must provide the location of office(s) located in the State of Florida; 1645 Palm Beach Lakes Blvd, Suite 1200 West Palm Beach, FL 33401 4. Location of corporate headquarters; 4000 MacArthur Boulevard, Suite 1050 Newport Beach, CA 92660 5. Related organizations SageView is a privately held organization owned by its employees along with interest from Aquiline Capital Partners. Aquiline is a well-capitalized private investment firm based in New York and London investing in businesses across the financial services sector. SageView Advisory Group, LLC 3 I P a g e B. Background and Qualifications 1. Resumes of principals and professional staff responsible for the services provided to CCUA; The following contains an overview of the current service team for CCUA, led by Lisa Garcia. Lead Consultant Lisa Garcia, CPFA, AIF®, MBA Retirement Plan Consultant T (407) 791-3562 Igarcia@sageviewadvisory.com Role on Service Team Lisa Garcia is a Retirement Plan Consultant based in SageView's Florida office and will be the lead consultant and primary contact working with CCUA's committee on plan design, investment due diligence, fee benchmarking, monitoring and reporting, as well as a prudent and comprehensive process compliance to maximize your fiduciary protection. Relevant Experience Lisa has vast experience working with plan sponsored retirement plans in both the private and public sector servicing defined benefit plans, 401(a), 401(k), 457(b) deferred compensation and executive supplemental retirement plans. She has been able to drive significant efficiencies and cost savings to many other governmental entities. Lisa's goal is to enhance to the retirement program for the benefit of the employees while helping plan sponsors meet their fiduciary responsibilities. She is currently serving a two-year term as a member on the NAPA Leadership Council. NAPA is an organization part of the American Retirement Association, based in the Washington, D.C. area, leading advocacy efforts on behalf of the retirement plan industry. Education Professional Credentials University of Buffalo, B.S. in International Business and World Trade University of Phoenix, MBA with a specialization in Human Resource Management Accredited Investment Fiduciary (AlF) Certified Plan Fiduciary Advisor (CPFA) Certified Health Savings Advisor (CHSA) Series 6, 63, 7 and 65 Registered NAPA Top Women Advisor, 2016-2021 NAPA Top Retirement Advisors Under 40, 2018 Senior Consultant Jeffrey Petrone, AIF®, QPFC j Managing Director T (561) 207-2020 jpetrone@sageviewadvisory.com SageView Advisory Group, LLC Wage Role on Service Team Jeff serves as a Managing Director for SageView and leads our Florida office. He will be able to leverage his overall experience and provide feedback as needed and will work with Lisa to ensure all the SageView resources are in place in order to deliver top tier services to CCUA. Relevant Experience Prior to joining SageView, Jeff made significant contributions to the employee benefits and retirement practices of Mercer in Florida. He began his career with the financial planning division of Citigroup in West Palm Beach, Florida. He has 20 years of retirement plan experience. Jeff speaks regularly at conferences including the National Health Benefits Conference & Expo, Employee Benefits Network Annual Summit, HR Florida, SHRM Conferences, NAPA 401(k) Summit, Florida Public Human Resources Association and others. He also provides thought leadership to some of the largest retirement plan administrators in the country serving on their financial advisory boards. Jeff has consistently used his knowledge and experience with retirement plan management to help with the development of new tools and products to better serve the retirement plan industry. Education and Professional Credentials Villanova University, B.S. in Finance Accredited Investment Fiduciary (Al F) Qualified Plan Financial Consultant (QPFC) to Series 6, 63 and 65 registered Investment Performance and Measurement Justin Bogart, QPFC, CIMA Investment Consultant T (561) 800-4134 ,..f jbogart@sageviewadvisory.com Role on Service Team Justin will serve as the dedicated Investment Consultant for CCUA's retirement program. As the Investment Consultant, Justin will be responsible for the investment research, analytics and performance reporting. Justin works closely with SageView's internal Investment Committee and will ensure that CCUA is receiving the best thinking of the entire SageView research efforts. Relevant Experience Justin has 20 years of industry experience, including working with both qualified and non- qualified retirement plans, such as defined contribution plans, not-for-profit plans, pension plans and various other investment portfolio strategies. Justin is also a member of the American Society of Pension Professionals and Actuaries (ASPPA) as well as a member of Investment Management Consultants Association (IMCA). Education and Professional Credentials Kansas State University, B.S. in Finance FINRA Series 7, 63 and 65 registered SageView Advisory Group, LLC Wage Certified Investment Management Analyst (CIMA) Qualified Plan Financial Consultant (QPFC) CFA Candidate - Level II Communication Consultant Maressa Etzig, QPFC Account Executive T (561) 284-0699 metzig@sageviewadvisory.com Role on Service Team As a dedicated participant education specialist, Maressa's primary role is to work with service providers and administrators to design and deliver customized employee education. She also focuses on planning, implementing, and executing a robust communication and education campaign for clients and conducting education meetings in both English and Spanish. Relevant Experience Maressa brings ten years of experience in participant education. Prior to joining SageView, she provided education services as a contractor for vendors such as Transamerica, MassMutual and Lincoln Financial Group. Education and Professional Credentials to Interamerican University of Puerto Rico, B.A. and B.S. FINRA Series 6, 63, and 65 registered Qualified Plan Financial Consultant (QPFC) Certified Health Savings Advisor (CHSA) 2. Number of years of experience in Retirement Plan Fiduciary Consulting Services; SageView has 33 years of experience in Retirement Plan Fiduciary Consulting Services. 3. Describe business philosophy; Our business philosophy is to be the advisor of choice for organizations who desire to optimize their investment approach by leveraging a high-quality boutique advisory firm.As independent investment advisors, we believe our role is to be our clients' objective and unbiased partner, using our unique stable of services to provide a sound investment planning and oversight process. We spend every day working to provide our clients with better services and improve our knowledge of the investment landscape. The collective experience of our firm is second- to-none when compared to other consulting firms of our size. Each client is assigned a service team of associates with the ability of leveraging our entire national team so that the client can benefit from the collective experience and knowledge of our entire company. 4. Describe customer service philosophy; Our consulting philosophy is to always put the clients first. SageView is known in the consulting/advisory community as always doing what is right for the client in an honest and transparent manner. Our recommendations will always be based on our client's best interest SageView Advisory Group, LLC Wage in mind. We're also committed to being your advocate and liaison with your service provider to ensure the costs are competitive and they are providing the services you expect. We rarely lose clients and believe our philosophy fosters long-standing relationships built on mutual trust. We also believe our responsibility to you is to help create and monitor a retirement program that provides the opportunity to achieve realistic investment goals and help your employees feel more confident about their retirement planning 5. Include a list of your governmental clients, specifically utility companies or government entities; As of December 31, 2021, SageView provides investment advisory and retirement plan consulting services to 88 retirement plans sponsored by Governmental/Public entities with $13.4 billion in combined plan assets. Our current clients include a diverse array of states, counties, cities, and other governmental agencies throughout the nation. While we are not able to list them all, below is a list of some of our government clients have signed marketing agreements with us. In addition, we serve 8 governmental utility companies sponsoring 13plans, with $488 million in assets. Governmental Clients Arizona Public Safety Personnel Retirement System State of Idaho Citizens Property Insurance (Jacksonville, System for Tax Administration and Revenue FL) Services (STARS) to City of Cocoa, FL Town of Barnstable, MA City of Pacific Grove, CA Town of Harwich, MA City of Plantation, FL Tullahoma Utilities Board County of Santa Barbara Utilities Commission, City of New Smyrna Beach State of Idaho Ventura County 6. Include three (3) letters of recommendation that CCUA may contact (clients most similar to CCUA in type and size and similar services requested for projects completed within the last ten (10)years). We have provided our 3 client letters of recommendation as Exhibit A. 7. In 250 words or less, what do you believe are the key strengths or competitive advantages of your company? In general, below is a summary of what we believe are our key differentiators, and why we think we are a good fit for CCUA: If we summarized it in one word, inequivalently, it would be our culture. Our culture of collaborative service, which leverages expertise across our firm to strengthen how we serve our clients both geographically and technically. Doing what is right for our clients, providing a transparent and above average level of service is found throughout the entire organization at SageView. SageView has a comradery and synergy among all offices that is not often found in SageView Advisory Group, LLC 7 I P a g e our industry. We collectively work together, share ideas, best practices, lessons learned, etc. to leverage the experience of our entire firm and better serve our clients. SageView is a Gold level sponsor at the National Association of Government Defined Contribution Administrators ("NAGDCA")to help us better serve our governmental clients. In addition, SageView is a leader in shaping the consulting and investment management industry. Last year, we joined more than a dozen of the nation's leading institutional investment consulting organizations to create (as a founding member) the Institutional Investing Diversity Cooperative (IIDC), a collective of institutional plan sponsors and institutional investment consulting firms. The IIDC's goal is to ensure greater diversity in the institutional asset management sector by advocating for access to data that would capture every dimension of diversity. 8. Litigation: Using the Litigation Disclosure Form, list any past and/or pending litigation or disputes which have arisen or have been asserted within the last five (5) years, related to Retirement Plan Fiduciary Consulting Services, or contracted fiduciary duties of any type or plan size involving your firm or its subsidiaries and/or affiliates. This list shall include the matter or dispute name, or case style, and the nature of the litigation or dispute. We have not had any past or pending litigation or disputes which have arisen or asserted within the last 5 years. to SageView Advisory Group, LLC Wage C. Portfolio Evaluation/Reporting and Participant Education 1. Frequency of reporting to clients. On a quarterly basis, the Committee will receive a comprehensive investment report created utilizing our proprietary reporting software, which allows us to customize our reports to meet our clients' needs. The performance reports are prepared quarterly and are typically available 30 days after the end of the quarter. 2. Format of reports (include sample reports in proposal submission). A typical quarterly report contains the following information: • Market Commentary - Provides an analysis of the overall economy and examination of various equity and fixed income markets. • Legislative Update -Also included in our quarterly market commentary is an update on legal and legislative issues and proposals that might affect the retirement plan industry, including recent litigation impacting plan sponsors. • Investment Summary- Includes both historical returns and our proprietary fund ranking for each investment option in the plan, which is based on various factors including risk- adjusted metrics to determine funds on the watch-list based on the Investment Policy to Statement. • Portfolio Summary - Summarizes the plan lineup, including rankings versus industry standard benchmarks and static benchmarks. Style analysis of the plan lineup utilizing both holdings analysis and returns-based analysis is also included. • Plan Asset Allocation -Outlines detailed plan level statistics including asset allocation by fund, portfolio compositions, plan demographics and participant usage statistics. • Fund Performance - Detailed analysis of each investment option comparing performance to the appropriate benchmark as well against its peer group. • Appendix- Plan highlights and investment glossary. We have provided a sample quarterly investment review as Exhibit B. The quarterly report will include meeting minutes from the prior meeting. In addition to the quarterly investment report, the following reports and communications will be provided throughout the year: • Industry Plan Benchmark Report (annually) • Target Date Fund Analysis (annually) • Market Commentary (monthly) • Participant Investment Education Flyers and Webinars (1 - 2 per quarter) • Fee Analysis & Benchmarking (annually) SageView Advisory Group, LLC Wage 3. Provide an evaluation of CCUA's existing policy, plans, participants and provide recommendations aimed to lower costs, maximize returns, minimize risks, and educate participants. Based on our review of the Investment Policy Statement provided in `Exhibit A', we noted the following observations: • Monitoring criteria is based on the fund's 3-year time period, whereas taking into consideration longer time periods such as 5-year and 10-year to capture different periods in the market and manager's consistency in addition to other risk-adjusted metrics is recommended. • IPS is not very clear on when a fund is subject to termination or replacement • While Target Date Funds meet the criteria of `Qualified Default Investment Alternative' investment option as noted, the IPS should include methodology of how these are selected and monitored. Best practice is to adopt the Department of Labor's guidance issued. According to our IPS and scoring methodology, the following funds are on our watch-list, as illustrated in the attached investment report: • DFA World Ex-US Government Fixed Income (4 quarters on our watch-list) • Invesco Developing Markets (1 quarter on our watch-list; replace) • Fidelity Real Estate Investment Portfolio (6 quarters on our watch-list) to We have also listed potential areas of non-compliance with the current IPS: • Alternative Asset Category not included in the IPS; however, plan holds the resources Diversified Risk Mitigation fund with approximately $1 million in assets. IPS does address use of derivatives available for investment managers but no benchmark is provided to evaluate this asset category. • The following funds have less than a 3-year track history, which may be considered as non-compliant with your current IPS: o Resources Diversified Equity o Resources Diversified Risk Mitigation o Resources Diversified Fixed Income It is important to note,that these funds collectively hold approximately 60%of total plan assets. Also, Resources Investment Advisors, who is part of the OneDigital company is the investment advisor; therefore, conflicts of interest may exist. The following are a few investment recommendations made based on the fund observations above: SageView Advisory Group, LLC 10 I P a g e Addition/Replacements Fund PeerGroup %of 3 Years 5 Years 10 Years Expense SageView Idx Assets 3 Month YTD 1Year Annualized Annualized Annualized Ratio Ticker Rank Current Investment DFA World ex US Government Fxd Inc I 0.03 -6.98 -6.98 -6.85 -0.57 1.70 3.06 0.20 DWFIX 68 Alternative investment for consideration BrandywineGLOBAL Global Opp Bd USDH IS - -2.74 -2.74 -2.72 4.21 - - 0.62 GLOBX 3 Cat.Avg. Morningstar World Bond-USD Hedged -5.23 -5.23 -4.73 129 1.93 2.35 0.74 Ida:Bloomberg Global Aggregate TR Hdg USD -4.97 -4.97 -3.92 130 2.25 2.84 Current Investment Resources Diversified Equity Class 1 49.69 -5.13 -5.13 7.07 - - - 0.13 - - Alternative investment for consideration Fidelity®500 Index - -4.60 -4.60 15.63 18.91 15.98 14.62 0.02 FXAIX Pass Cat.Avg.:Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80 Idx:S&P 500 TR USD -4.60 -4.60 15.65 18.92 15.99 14.64 Current Investment Fidelity®Real Estate Investment Port 0.12 -5.87 -5.87 24.40 10.12 9.21 9.44 0.73 FRESX 69 Alternative investment for consideration Principal Real Estate Securities Fd R-6 - -5.18 -5.18 23.82 12.78 11.61 10.88 0.80 PFRSX 7 Cat.Avg.:Morningstar Real Estate -5.08 -5.08 2183 10.99 9.23 9.18 1.05 Ida FTSE Nareit Equity REITs TR USD -3.86 -3.86 26.49 1112 9.63 9.81 Current .-Addition.-Alternative 4. Provide information regarding any proposed innovative concepts that may enhance the value and quality of the services to be performed. Financial Wellness Services In the area of financial wellness, we offer our Sage411 Participant Help Center allowing to participants to call in and receive financial advice from one of our Certified Financial Planners. Negotiating Collective Investment Trust (CITs) as Lower Cost Investment Options SageView leverages its significant scale, growth, and reputation to bring our clients highly competitive investment cost savings opportunities. SageView works with clients, as appropriate, to determine whether a Plan's investment categories should be deployed using publicly available mutual funds or collective investment trusts (CITs), including the T. Rowe Price Target Date Funds currently in the CCUA Plans. SageView offers a lower cost CIT (Collective Investment Trust) version of the T. Rowe Price Retirement funds, generally reserved for larger plans with specific minimum investment requirements. As a 3(38) fiduciary, we have the option to offer the T. Rowe Price Retirement funds at an investment expense of 0.32% (compared to the 0.36%-0.46% investment expense of the current share class). For clients using CITs, we have negotiated special arrangements with several dozen preferred investment managers that offer lower fees, lower purchase minimums, or both. 5. Provide examples of participant engagement materials, tools, and customer satisfaction surveys. Financial Wellness Program The financial wellness program is customized based on your needs and employee demographics. SageView's employee education services are intended to improve overall financial wellness. We believe that financial wellness is the cornerstone to a successful retirement plan, therefore, if requested we can organize and facilitate group and one-on-one employee education meetings. SageView Advisory Group, LLC 11 I P a g e Our local and national teams also host financial-focused wellness webinars on a quarterly basis. All webinars are recorded and posted to our website for participants that are not available when the webinar is happening live. Please see Exhibit C for a flyer of our upcoming quarterly webinar series, and recent participant educational flyers provided. The following lists several of the financial wellness and education topics and presentations that our team can deliver to CCUA: ENROLLMENT INVESTING MADE EASY PLANNING FOR THE FUTURE • Retirement Plan Basics • Understanding • Health Care in • Traditional vs. Roth Investing Options Retirement • Importance of Saving • Portfolio Construction • Raising Financially Early and Allocation Aware Kids • Plan Provision • Understanding Risk and • Social Security Education Investment Decisions Overview • FSAs and HSAs • Importance of • Healthy Spending Diversification Habits • Debt Management and Retirement • Budgeting for Millennials izIli MI Wu] to For clients seeking alternate communication strategies for their employees based on the nature of their industry, locations or diverse labor force, SageView offers access to our Sage411 Participant Call Center. Understanding that participants may have questions or want advice outside of scheduled group education meetings, we offer a toll-free hotline for them to call during normal business hours.A team of Certified Financial Planners ("CFPs") will answer participant calls and be able to respond to questions the participants have, as well as provide recommendations to assist participants with creating a portfolio using the plan's designated investment alternatives. Participants also have the option of calling or visiting our website to schedule an appointment with a CFP for a one-on-one consultation. SageView Advisory Group, LLC 12 I P a g e D. Approach to Delivery Services 1. State your firm's technical approach to the project and the interpretation of the scope of services required. The core focus of the firm is providing retirement plan consulting services to corporate, not- for-profit and governmental plan sponsors. Since the firm's inception in 1989 we have been providing the fiduciary and investment services that CCUA is seeking under the scope of services. We understand the scope of services and required and have listed our technical approach to the scope of services below. As your lead consultant and day-to-day contact, Lisa Garcia will be responsible for providing the services requested and has the ability to accommodate her schedule based on CCUA's needs. She is available daily via phone and email to answer any questions and will respond the same day or within 24 hours. Fiduciary Governance Process The key elements of our sound fiduciary process begin with a prudent governance structure which includes controlling risk, manage cost, proactively deliver solutions ensure the employees are receiving the resources they need. The process is outlined below: o 000 000 . to CONTROL MANAGE DELIVER DRIVE PARTICIPANT RISK COSTS SOLUTIONS BEHAVIOR Oversee Investments Plan Design and Employee SOLUTIONS Benchmark Fees and Fiduciary Risk Service Delivery Engagement Strategy ACTUARIAL SERVICES REVIEW PLAN DESIGN MANAGE CONVERSION EVALUATE CURRENT PROCESS STATUS PLAN GOVERNANCE ANNUAL COST ANALYSIS ADVOCATE ON ALL DESIGN EDUCATION INVESTMENT POLICY FEE BENCHMARKING RETIREMENT PLAN STRATEGY AND STATEMENT ISSUES COMMUNICATION PLAN DELIVERABLES NEGOTIATE ON YOUR INVESTMENT REVIEW BEHALF AS NECESSARY ADMINISTRATIVE LEVERAGE PROVIDER EFFICIENCIES RESOURCES COMPLIANCE SUPPORT AVOID CONFLICTS OF INTEREST COMPLIANCE SUPPORT ONGOING ADVICE FIDUCIARY RECORDS MANAGEMENT PLAN DESIGN AUDIT Quarterly Committee Reporting On a quarterly basis, the Committee will receive a comprehensive investment report created utilizing our proprietary reporting software, which allows us to customize our reports to meet our clients' needs. The performance reports are prepared quarterly and are typically available 30 days after the end of the quarter. To evaluate investment funds and managers, we've developed a proprietary scoring methodology comprised of a detailed qualitative and quantitative analysis consisting of performance, ratio, style and expense metrics. In determining the success of a fund, it is crucial that all data is viewed in context to the other funds within a category, as various asset SageView Advisory Group, LLC 13 I P a g e classes can perform differently at any given time. For that reason, a fund is given a peer group ranking in each quantitative metric, shown as a percentage from 1% to 100%. The rankings for all criteria are then weighted to give a fund its average ranking score,the lower the average ranking score, the better. If a fund scores a 50% or higher, it is placed on the watch-list, and after 4 consecutive quarters on the watch-list, it is subject to replacement. During the meeting, a replacement option will be recommended. SageView will coordinate with your vendor to facilitate the change(s). While the scoring methodology is solely based on quantitative metrics, a fund may be placed on the watch-list due to qualitative factors as well. We have listed the following quantitative and qualitative criteria below: '.) QUANTITATIVE CRITERIA ''. QUALITATIVE CRITERIA 0 Performance Ranking Firm Structure/Ownership CCAlpha (Excess Market Returns) Asset Size, Growth,& Cash Flow L to A- Sharpe Ratio (Risk Efficiency) Investment Team Structure -112 i$i Up/Down Capture Ratios Investment Philosophy/Strategy Q F-8 R-Squa red(Style Consistency) Compliance& Operations _a ' Expense Ratio Risk Controls kt-Z 2. Define the adequacy of resources, including personnel, labor, equipment and supply resources, and other requirements to provide the requested services. The consultant and team assigned to service CCUA's retirement program are committed to providing best-in-class service to all of our clients. The entire team is experienced, credentials and dedicated to servicing retirement plans. With the support of our home office resources, proprietary technological tools, our process is very efficient and turn-key. The average client to consultant ratio for the team is 15 to 1. The team's workload is very manageable, and they will be available to meet with CCUA's committee on a quarterly basis and be available on a daily basis to answer any questions that CCUA may have through email or by phone. 3. List and define the responsibilities of the subcontractors that will be used to accomplish this service. We do not plan to utilize any subcontractors in the provision of these services. SageView Advisory Group, LLC 14 I P a g e 4. Provide a minimum of three (3) letters of recommendation. Our references are included in the `Supplier Reference Form' provided. 5. Provide a clear statement of the specific services and tasks to be performed. Include information concerning each task and staff committed to accomplish each task. The core focus of the firm is providing retirement plan consulting services to corporate, not- for-profit and governmental plan sponsors. The key elements of our sound fiduciary process begin with a prudent governance structure which includes risk management and documents such as an Investment Policy Statement, Committee Charter, Board Resolutions, 404(c) and 404(c)5 checklists, fidelity bond and/or fiduciary liability coverage discussions, and committee meeting minutes. The following illustrates a summary of the services we are committed to providing CCUA. As a fiduciary to the Plans, we have a vested interest in ensuring the success of the Plans. In addition, we provide fiduciary training to help committee members understand their roles and responsibilities. PLAN DESIGN PROVIDER MANAGEMENT FIDUCIARY GOVERNANCE PLAN COST MANAGEMENT • Plan benchmarking resources • Provider search and Contract • Fiduciary training • Cost assessment • Oversee plan mergers and reviews • Establish best practices • Fiduciary Benchmarks acquisitions • More than 100 provider • Create checklist to reporting • Evaluate potential plan evaluations and RFPs annually complement IPS enhancements • Direct experience with more • Fiduciary file in SageView than 50 providers vault to o — o o Q� o o o o �© o • • • Io ' ... ...... ,nI , /CIA /V\0. o o o 0 ;:4> 0 0 \ p7 o CLIENT MANAGEMENT AND PLAN COMPLIANCE,OPERATIONS PARTICIPANT EDUCATION INVESTMENT MONITORING STRATEGIC SUPPORT AND RECORDS MANAGEMENT • Providing insight into effective • Funds watch list due diligence • Annual business plan • Compliance evaluation,fiduciary participant engagement • Proprietary target date fund establishing objectives process review • Comprehensive educational decision guide • Supported by credentialed • Plan administrative procedural program • Custom portfolio solutions client service team review Quarterly Investment Review Services SageView is proactive in initiating discussion on emerging issues.At each Committee meeting, SageView presents an update that includes an in-depth discussion of capital markets, current and pending legislation, new regulations and current litigation. Many of the items discussed in these meetings are subsequently addressed with the plan recordkeeper to ensure compliance. SageView Advisory Group, LLC 15 I P a g e Investment recommendations are provided quarterly, if one is warranted, or sooner in the event of unusual or unexpected changes. Industry trends and regulatory changes are also discussed during the quarterly meetings, often driving further recommendations. Following the meeting, we will begin working with all required parties to complete the tasks/action items that were derived from the meeting. Our work does not stop when the meeting is over, and minutes are finalized, as it is also our duty to keep our clients apprised of any market changes, fund and legislative updates, or regulation changes in between meetings. If unusual market or manager activity occurs that needs to be addressed between investment reviews, your consulting team will determine when and how to notify you. If needed,they may request to set up an ad-hoc Committee meeting via conference call to discuss the issue immediately. A typical quarterly report contains the following information: • Market Commentary- Provides an analysis of the overall economy and examination of various equity and fixed income markets. • Legislative Update -Also included in our quarterly market commentary is an update on legal and legislative issues and proposals that might affect the retirement plan industry, including recent litigation impacting plan sponsors. • Investment Summary- Includes both historical returns and our proprietary fund ranking for each investment option in the plan, which is based on various factors including risk- adjusted metrics to determine funds on the watch-list based on the Investment Policy to Statement. • Portfolio Summary - Summarizes the plan lineup, including rankings versus industry standard benchmarks and static benchmarks. Style analysis of the plan lineup utilizing both holdings analysis and returns-based analysis is also included. • Plan Asset Allocation - Outlines detailed plan level statistics including asset allocation by fund, portfolio compositions, plan demographics and participant usage statistics. • Fund Performance - Detailed analysis of each investment option comparing performance to the appropriate benchmark as well against its peer group. • Appendix- Plan highlights and investment glossary. We have provided a sample quarterly investment review as Exhibit B. In addition to the quarterly investment report, the following reports are provided throughout the year: • Industry Plan Benchmark Report (annually) • Target Date Fund Analysis (annually) • Fee Analysis & Benchmarking (annually) SageView Advisory Group, LLC 16 I P a g e Vendor Benchmarking Project- Request for Proposal Our team developed and maintains a proprietary tool used to create and execute an RFP which allows full flexibility when it comes to developing an RFP for our clients. No RFP is identical and having a dedicated, expert RFP resource available to customize your process will allow us to partner with CCUA to drive the best possible outcomes for both CCUA and the Plan participants. SageView has conducted over 500 TPA/Recordkeeper/Trustee searches in just the past five years. Our due diligence process focuses on the following areas: • Vendor experience • Recordkeeping & Administration services • Service team • Plan document services • Data security • Employee education capabilities and deliverables • Conversion and implementation capabilities/experience • Plan investment options/flexibility • Plan costs, both investment and hard dollar • Participant costs • Specialized areas custom to a plan such as Spanish capabilities, Self-Directed Brokerage, managed accounts, c in-plan annuity capabilities/offerings, custom asset to allocation modeling, etc. Your consultant will support CCUA's procurement team and help facilitate the project based on your internal procurement procedures. The following is a sample timeline of what the vendor RFP project would look like, up until the decision is made regarding which recordkeeper will be selected as the sole provider: Meeting All Provider's to Review Initial Draft Involved In Questions SageView Project RFP of RFP From Presents RFP Notified of Goals/ Sent To Providers Committee's Wrap-up Needs Committee Due Analysis Decision Meeting • • • Finalist Draft of • Plan Live Discuss RFP Provider Presentations Management With ' &Select Finalized& Responses Selected the Distributed Due • Letter Completed Provider Bidders • Responses • Finalists • to Committee to Provider Selected • Receive Comments Questions & Provider Conversion RFP Due Distributed Notified Selected Begins • • • • • • . . . . . . . . . . . . . . . • •. Day Day Day Day Day 1 30 60 90 120 SageView Advisory Group, LLC 17 I P a g e Upon the selection of a new recordkeeper, SageView would assist you with the additional steps that will be necessary for conversion, if a new recordkeeper is selected, including but not limited to, participating on the weekly conversion project calls, providing investment mapping recommendations, and facilitating employee education meetings. 6. Provide implementation schedule for proposed services including any management and planning strategies. The following is an outline that summarizes our approach and onboarding process to providing consulting services to your retirement program which includes the initial setup and ongoing monitoring process for investment management & plan governance: Tentative Parties Action Action Items Months Plan Documents& Fiduciary Process ✓ SageView will review current plan documents and Q2 2022 SageView Initial Plan Review amendments; review service agreements, loan policy, investment options,and fee disclosures ✓ Development of plan design strategy including CCUA review of recommendations Q2 2022 Committee& Plan Design Strategy V Discuss any current or outstanding compliance SageView Discussion concerns ✓ Finalize and implement changes based on t0 Committee review and feedback. ✓ Review/Draft/Update Committee Charter,and CCUA Fiduciary Process Investment Policy Statement Q2 2022 Committee& Implementation ✓ Create online Fiduciary File SageView ✓ Initiate recordkeeper RFP Investment Review and Analysis ✓ Meeting to discuss initial plan investment review CCUA Initial Review and and recommendations Q2 2022 Committee& Recommendations Recommendations finalized based on SageView Committee decisions. ✓ Economic overview and plan performance review ✓ Investment review,watch-list and CCUA recommendations Committee Ongoing Quarterly ✓ Prior meeting minutes reviewed and approved Quarterly SageView,& Meetings V Legislative and retirement benefit trends Provider discussed ✓ Cost benchmarking provided quarterly,with an in-depth review annually ✓ Refine assumptions for Target Date Fund Best Q2 2022& SageView Target Date Fund Analysis Fit Tool Annually (QDIA) V Identify optimal Target Date Solution V Conduct and document due diligence annually SageView Advisory Group, LLC 18 I P a g e Vendor RFP CCUA Discovery Meeting with V Review and determine providers typically Q2 2022 Committee& Committee capable of meeting CCUA's specific needs and SageView objectives. ✓ Draft cover letter and questionnaire with plan Q2 2022 SageView Customize RFP specifications and provider requirements. ✓ Draft sent to the Committee for approval. ✓ Distribute RFP to identified providers. Q2 2022 SageView Distribute RFP and V Once responses are returned to SageView,a compile RFP responses formal analysis is compiled ✓ Provider responses presented to Committee- CCUA Summarized by SageView and finalists are Q2 2022 Committee& RFP Analysis meeting determined SageView V Schedule a day for presentations(2 weeks out) ✓ Notify the vendor finalists CCUA V Allocate 60- 75 minutes for each vendor Q2 2022 Committee& Finalists Presentations presentation SageView/ V Select provider Finalists ✓ 90-day conversion process.Vendor selection to to CCUA be completed at least 30-days prior. Q3 2022 Committee& Conversion and V Weekly or bi-weekly calls held throughout project SageView/ Implementation Recordkeeper until live date V Employee meetings held pre/post conversion Participant Engagement ✓ Engagement strategy is reviewed and CCUA Employee Education determined based on CCUA employee Initial Rollout Committee& Strategy demographics and goals SageView V Review and coordinate with provider existing employee educational resources ✓ SageView offers quarterly webinars based on Financial Wellness various financial wellness topics Quarterly SageView Webinars V Customized webinars can be provided as well V Quarterly flyers distributed as well based on the financial theme for the quarter ✓ Group meetings and individual meetings can be Continuous SageView Employee Meetings planned as needed. In person or virtual SageView Advisory Group, LLC 191 Page E. Price Proposal/Fee Structure 1. Pricing should be based upon basis points times amount of plan assets broken out between investment management, which includes fiduciary responsibilities, and education options for employees. Fees must include a not to exceed amount(Plan Assets multiplied by(x) basis points) CCUA would be charged for services at a future date. Preference will be given to firms that provide a not to exceed amount. Our cost would be payable in arrears and can either be paid from the plans' forfeiture accounts, directly from HR or finance budgets, or charged back to the participants via a percentage of assets or a per participant charge. SageView is willing to guarantee our fees through year-end of 2023. CCUA 457(b) and 4O1(a) Plans SageView's fee proposal for discretionary 3(38) fiduciary oversight on the plans is 0.12% on total plan assets (not to exceed $30,000 per year). The services include the following: • Fiduciary Governance and Oversight • Investment Review Meetings (including meeting minute preparation) • Plan Design Consulting • Compliance Consulting • Committee Charter Creation to • Fiduciary Training for Committee Members • Investment Selection, Monitoring and Recommendations • Target Date Analysis/Monitoring • Investment Policy Statement Review/Oversight • Provider Management and Oversight • Vendor Benchmarking Analysis - RFP or RFQ and assist through conversion, if applicable • Fiduciary Vault for Plan Documentation Storage and Auditor Access • Department of Labor Audit Support Employee Education & Financial Wellness Services Included: • Oversight of Recordkeeper's Education Campaign/Communication Materials • On-Site Employee Group Education (2 days per year included) • Sage411 Participant Call Center • Virtual One-on-One Employee Financial Consultations (unlimited virtual consultations) • Financial Wellness Webinars SageView Advisory Group, LLC 20 I P a g e SUPPLIER REFERENCE FOR Supplier shall complete a Supplier Reference Form for each provided reference in accordance with the RFP. Please provide three (3) references for projects with similar scope. 1. General Background Name of Client Utilities Commission, City of New Smyrna Beach Number of Employees Approximately 200 Address PO Box, New Smyrna Beach, FL 32170 Project Budget Asset based fee based on plan assets;plan assets approx.$23M Project Manager: Britney Beck,SHRM-SCP,Director Central Services Efren Chavez,CPA,CFO Phone Number (386)424-3056 (386)424-3059 Email Address bbeck@ucnsb.org echavez@ucnsb.org to 2. Project Scope Provide a brief description of the Project and its relation to this RFP. SageView provides ongoing investment fiduciary services and plan consulting to to their 401(a) and 457(b) Deferred Compensation Plans. In addition to group/individual employee financial wellness assistance. In 2020, the Plan completed a thorough plan cost benchmark study and subsequently a plan administrator search leading to a conversion to a new recordkeeper. During this process, plan documents for both plans were reviewed to include new features and required compliance updates. The investment menu was streamlined and enhanced during the process as well. Print Name Signature i� a/Y.IA. Lisa Garcia Title Phone NurtSber Retirement Plan Consultant (407)791-3562 Email Address Igarcia@sageviewadvisory.com Date 05/04/22 - SUPPLIER REFERENCE FORM 111111 Supplier shall complete a Supplier Reference Form for each provided reference in accordance with the RFP. Please provide three (3)references for projects with similar scope. 1. General Background Name of Client City of Cocoa Number of Employees Approximately 500 Address 65 Stone St., Cocoa, FL 32922 Project Budget Asset based fee based;plan assets approx.$15 million Project Manager: Tammy B. Gemmati, PHR, FCLRP Administrative Services Director Phone Number (321) 433-8445 Email Address tgemmati@cocoafl.org to 2. Project Scope Provide a brief description of the Project and its relation to this RFP. I SageView provides ongoing investment fiduciary services and plan consulting to to their 401(a) and 457(b) Deferred Compensation Plans. In addition to group/individual financial wellness assistance to the City employees. Plan is currently transitioning from a multi-vendor/multi-plan arrangement to a single provider. Plan documents for both plans have been reviewed and restated during this process. The investment menu was streamlined and enhanced during the process as well, removing all revenue sharing, wrap fees, etc to allow for fee transparency. Print Name Signature /) J Lisa Garcia /A l��l'� 'JCI[ ('�(£& Title Phone Nurn er Retirement Plan Consultant (407)791-3562 Email Address Igarcia@sageviewadvisory.com Date 05/04/22 SUPPLIER REFERENCE FORM d Supplier shall complete a Supplier Reference Form for each provided reference in accordance with the RFP. Please provide three (3) references for projects with similar scope. 1. General Background Name of Client Citizens Property Insurance Number of Employees 1,000+ Address 301 W. Bay St. #1300, Jacksonville, FL 32202 Project Budget Fixed dollar cost; plan assets approx.$180M Project Manager: April Osuna, CPP Payroll & Retirement Benefits Manager Phone Number (904) 208-7782 Email Address April.Osuna©citizensfla.com to 2. Project Scope Provide a brief description of the Project and its relation to this RFP. SageView provides ongoing investment fiduciary services to their 401(a) and 457(b) Deferred Compensation Plan. Consultant meets with the client quarterly for an investment performance review and recommendation as needed. In addition, our team provides live quarterly financial wellness webinars, monthly financial wellness fliers, and a monthly date for one-on-one financial consultations with employees. SagView provides a routine plan costs benchmarking study, target date fund due diligence evaluation, as well as any other special reporting needed for board meetings. In addition, SageView will assist Citizen's procurement team with vendor RFP. • Print Name Signature 4• /� �) Lisa Garcia lu�(�/1:�( 7211_6[ Title Phone N• umber Retirement Plan Consultant (407)791-3562 • Email Addresslgarcia@sageviewadvisory.com Date 05/04/22 S/AG W Plan Investment Review Clay County Utility Authority 401(a) Retirement Plan For period ending March 31, 2022 to • SEE WHERE YOU'RE GOI NC Lisa Garcia Registered Representative with and securities offered through Cetera Advisor Networks LLC, member FINRA/SIPC 4000 MacArthur Blvd,Ste 1050,Newport Beach,CA 92660 I T 949.955.1395 I SageView is not affiliated with Cetera Table of Contents S G I W Section - I Market Overview 3 Market Update Section - II Portfolio Summary 13 Portfolio Return vs. Custom Benchmark Section - Ill Investment Summary 15 Asset Allocation by Fund Portfolio Composition Fund Performance Summary Addition/Replacement Fund Score Summary Historical IPS Ranking IPS Performance Analysis V _e•or7 � r� r • • • Section `- Market overview The views are those of SageView Advisory Group and should not be construed as investment advice.All information is believed to be from reliable sources;however,we make no representation as to its completeness or accuracy.All economic and performance information is historical and not indicative of future results.The market indices discussed are unmanaged.Investors cannot directly invest in unmanaged indices.Additional risks are associated with international investing,such as currency fluctuations, political and economic stability,and differences in accounting standards. Please consult your financial advisor for more information. No representations or warranties are being made as to the tax effect, performance, past or future, or financial impact of this summary.This information is provided as an informal report; no warranties as to the accuracy or content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses, where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made. • GLOBAL ECONOMIC IMPACT OF WAR IN UKRAINE OIL S ` "4• s^ o� o AUTOMOBILES The US has declared a complete ban o A c Ukraine and Russia are leading exporters of Russian oil, gas and coal imports. Russia is [�� r metals used in vehicle manufacturing, and the world's third biggest oil producer behind Europe is their primary customer. the US and Saudi Arabia. More than half - - �i►4= Automobile giant Germany imports 44% of goes to Europe, with the US importing just ' - •" ,, - its nickel (for electric vehicle batteries), 41% 3% of its oil from Russia. Nonetheless, US '• of its titanium (engine components), 18% of gas prices have surged by 51% since the '.y •. its palladium (catalytic converters), and beginning of 2022. �, ri much of its aluminum (bodywork) from ' f •- - o Russia. T 1... ,, -_•„•_- , . 6 4... �� �- GRAIN AK FERTILIZERS '.;. Russia and Ukraine together export 28% of i One-third of global grain exports come from Ukraine and Russia. Middle Eastern global fertilizers. Fertilizer prices have e 4 countries are their top customers. Ukrainian tripled since the end of 2020. Farmers I- grain exports have fallen 90% from prewar globally now face fertilizer shortages, steep levels, sending wheat and corn futures up price increases, and potentially lower global >w around 30%year-to-date. crop yields. ' LONGER-TERM IMPLICATIONS to (SHOP) \ off i 111E! , COMMODITY PRICE INFLATION SUPPLY CHAIN DISRUPTION LOWER GLOBAL GROWTH RISING INTEREST RATES Sanctions,embargoes, and physical Destruction of physical infrastructure,air Recession fears are building inside and Elevated commodity prices, continued trade obstacles are exacerbating COVID- transit restrictions, Black Sea port outside the US, as consumers must supply chain disruptions, and rising food era shortages and inflation that is closures, railroad sizing differences spend more of their incomes on food costs will increase inflationary already at 40-year highs in the US. between Soviet states and Europe are and gas. Goldman Sachs raised the risk pressures.As a result, hawkish Fed all complicating global logistics. of recession in 2022 to 35%. actions are expected, even amidst slower global growth. No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available. Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 4 QI 2022 BY THE NUMBERS Broad Selloff A late quarter rally was not enough to salvage the worst quarter for 4. 's-.t equities in two years, and the worst for bonds since 1980. The Fed launched a rate increase plan to combat stubborn inflation, which particularly impacted the Technology sector. Commodities were the -5.26% -5.93% -5.24% sole bright spot, as western sanctions on Russia were a boon for MSCI ACWI Index BBgBarc FTSE NAREIT All domestic oil producers, who are ramping up production to meet (Qtr) Aggregate Bond REITs Index(Qtr) surging demand. Index(Qtr) Stubborn Inflation With consistent inflationary readings at or above 5% since May of 2021, the Fed raised the federal funds rate by 0.25% and signaled six more increases this year. Simultaneously, the Fed has indicated 8.5% 6.7% 60% p .gym i l, plans to unwind its $9 trillion asset portfolio, another tool at its March CPI Wage Growth %of Americans AV disposal to curb inflation. Complicating the issue are both persistent YoY (4%avg) worried about wage growth, which remains above historical averages, and higher inflation(Gallup) energy costs. Recession Worries The yield on the 2-year Treasury note surpassed that of the 10-year, a historically reliable recession predictor. The University of41\71, 62.8 2.$% 7 out Of $ • Michigan's Consumer Sentiment Index fell to its lowest level in a to • decade. Concurrently, the average 30 year fixed mortgage rate Univ of Michigan FOMC GDP The 2/10 yield curve • jumped to 4.67%, a meaningful increase from the 3.11% at the end Consumer Sentiment Growth Projection inversion predicting 7 of the year. Despite this, the unemployment rate remains historically Index(76.8 Feb 2021) 2022 of last 8 recessions low at 3.6%. 49.3 22.2 25.5 ■ Q12022 15.6 1.2 1Year -4.2 -7.0 -5.9 -5.9 -11.4 MSCI EM MSCI EAFE BBg us Agg US REITS S&P 500 BBg Commodity Source:Morningstar.Returns represent cumulative total return,including dividends US REITS-FTSE NAREIT All REITs No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 5 ECONOMIC SCOREBOARD Positive Neutral Negative EMPLOYMENT HOUSING INFLATION Growth in the leisure and hospitality sector,boosted by Existing home sales fell 7.2%across all four major U.S. March's CPI reading of 8.5%marks the 11th straight month falling COVID-19 case counts,was a major tailwind as the regions.Relative to February 2021,new home sales were of inflation at or above 5%.The Fed's preferred metric,PCE, U.S.economy created an average of 562,000 jobs per down 6.2%.30-year fixed mortgage rates rose from 3.11%to came in at 6.4%(Feb).The Fed has signaled that it will month in Q1 2022.Unemployment rate now at 3.6%. 4.67%during Q1 2022. continue to raise interest rates to stem inflation. GDP GROWTH FISCAL SPENDING INTEREST RATES Real GDP growth accelerated to 6.9%in Q4,ahead of The U.S.federal deficit was cut in half during the first five In a widely telegraphed and expected move,the FOMC estimates and surpassing growth in Q3.Consumer spending months of the current fiscal year,as COVID-19 stimulus and raised its target interest rate by 25 basis points in March. and inventory buildup had the largest positive contributions. infrastructure spending decreased.Tax revenues increased by This is the initial step of reversing the emergency measures $42 billion from February 2021. the Fed took to assist the economy in 2020. CORPORATE EARNINGS CONSUMER SPENDING TRADE TENSIONS Factset's estimated earnings growth rate for the S&P 500 is Month-over-month growth in consumer spending fell to 0.2% The conflict in Ukraine stratified global trade alliances,as 4.5%for Q1 2022.This figure comes after very strong in February after an increase of 2.7%in January.Increased the West attempted to penalize Russian aggression through earnings in years 2020 and 2021. inflationary pressure on consumer staples and decreased sanctions and other means.China and India,heavily consumer sentiment threaten consumption. dependent on Russian oil,took no punitive measures. MANUFACTURING The March Manufacturing PMI registered at 57.1,a small decrease from the February reading but an indication of continued growth.This is the 22nd consecutive month of expansion in manufacturing. t0 Calendar of Economic Data Releases APRIL MAY JUNE Consumer Price Index(March) April 12 FOMC Statement/Decision May 4 Nonfarm Payrolls(May) June 3 Q1 GDP April 28 Nonfarm Payrolls May 5 Consumer Price Index(May) June 10 Consumer Price Index(April) May 11 FOMC Statement/Decision June 15 No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 6 EQUITIES Equity markets fell in Q1 amid geopolitical uncertainty, rising inflation, and ongoing S&P 500 Sector Returns supply chain disruption. Domestic stocks outpaced international developed and emerging markets stocks, defensive companies generally outpaced more cyclical ■Q12022 ■1-Year ■3-Year companies, and large caps outpaced small caps. Energy (which rose on oil supply I concerns) and Utilities (which have very predictable and resilient cash flows) were -11.9 the sole bright spots. comm.Svcs. -0.9 15.5 Equity Market Returns -9.0 Cons.Disc. 9.8 ■Q12022 ■1-Year ■3-Year 18.6 30 -8.4 Technology 20.9 23.6 30.5 -6.2 - 20 18 9 Real Estate 25.8 13.8 14.9 15.6 -2.6 II 12.7 Health Care 19.1 16.5 9.9 10 8.1 7.8 7 5 -2.4 6.9 Industrials 6.1 4.9 13.2 1 1.2 j -2.4NM Materials 13.919 2 0 t0 r!5 1 • 1.5 Financials 14.7 I -5.9 I 5.4 4.6 16.8 -10 7 0 -1.0 8 9 Cons.Staples .-11.4 =14.1601 -12.6 -14.3 lim Utilities19.9 20 12.2 000�to r �PS�PQ tJ`C' �SG\�P�� 5e\\�\aGaP G\PG�\�v' 5&Q500 2000�a\fie Energy 39.0 ����e\\2 R`) � co''' 11.0 No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 7 EQUITIES Value stocks started 2022 on a strong note, as investors sold off Technology VALUE H GROWTH stocks, whose rich valuations are being threatened by rising interest rates. Value stocks (e.g. Financials), meanwhile, tend to benefit from rising rates. Q1 2022 2 w -0.2% -10.8% marked value stocks' strongest performance relative to growth stocks since the g (15.3x) (26.8x) co early 2000s, but even still, value stocks are priced at historically attractive levels. 2 QI 73 ¤t forward P/E Stock market declines are common in most years. Since 1980, the average intra 0 Q 2.0°i° -12.8% year decline has been 14% even though calendar year returns have been positive 2 2 (14.7x) (40.5x) 76% of the time (32 out of 42 years). = VALUE H GROWTH ai w CD 12.9% 5.8% S&P 500 Annual Returns 1) ix m g (13.7x) (18.5x) FyYear 34 03 ear avg.P/E J 30 29 H < 6.2% -9.0% 26 26 27 26 27 26 27 c2 (17.0x) (35.5x) 23 Returns pertain to Morningstar categories. 203120 Valuations pertain to the Russell style indices. 19 17 16 15 15 14 12 13 13 11 Top Country Weighting- MSCI Emerging ILILIMii _2 9 I I 0 1 10 15 35 Markets Index(2016 - 2022) to I 1 -8 -8 Y f-7 � � 3 -6-8 -8 - -8 -10 � , y ,7 ' II -5 II 30 •/ •- t . -10 ♦ Ilk 3 7 N 25 III 10 -9 -8 6 9 p� c \�_ -13 +� \--13 -1112 -10 • -16 -12 11 • 20 • t 8 17 • -20 "17 14 • -19 • -20 15 -19 -13 -23 +� • -28 N 10 • -30 2 • -34 • -34 • -34 � 5 III III III ''' ''_ -38 0 — China South Taiwan India Brazil Russia Korea • -49 •12/31/2016 •12/31/2021 ■2/28/2022 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 2022 No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 8 FIXED INCOME Fixed Income Market Returns US bonds experienced their worst quarter in more than 40 years, as yields rose following the 5.3 Fed's first interest rate hike since 2018. Short-term rates rose further than longer term rates, ■Q12022 resulting in an inverted yield curve. This indicates that bond investors are nervous that measures to combat inflation could tip the economy into recession. On the positive side, higher •1-Year interest rates lead to higher future returns for bond investors, which may be welcome after years of dismal yields. 0.0 0.1 Spread(%) U.S. Treasury 10-2 Year Spread: 1976- 2020 4.2 -07 4.0 , 3.0 I_!2! 3.0 -2.7 1.5 A , r ��J 2 0 .4.8 j 1 0 -6.2 .46 5.9 NIF -7.5 . I I I t t I t t t t t t 1 t t 0.0 -9.2 - Recession -ID -10.6 I- - - -2.00 f` �`� 0. �� e5 0� C J Co 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 3 0 e',0$ a J�CO �o' - 0� 06° <6° ��J`' Source:Board of Governors of the Federal Reserve System;Bloomberg.Data as of March 31,2022. 0 U.S. Treasury Yield Curve t0 3.0% 2.5% 2.4% 2.5% 2.3% 2.4% 2.0% 1.7% 1.6% 1.5% 1.3% 1.9% 1.0% 1.5% 1.0% Q12021 0.4% 0.9% -4Q 2021 0.5% 0.1% -1Q 2022 0.0% - 0.4% , 1 Yr 3 Yr 5 Yr 10 Yr 30 Yr No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 9 LEGISLATIVE Securing a Strong Retirement Act of 2022 Passed in House In a rare bipartisan vote of 414-5, the SECURE 2.0 Act passed the House and heads to the Senate. Key retirement-related provisions in the bill include: • Auto-Enrollment. For new retirement plans, would mandate • Catch-Up Contributions. All catch-up contributions would need to be plans automatically enroll employees between 3% and 10%. It in Roth form. Employer matching contributions could electively would also require auto-increase of 1% annually until receive Roth treatment. employees were at 10%. • Student Loan Payment. Would permit employers to make "matching" • 403(b) Plan Investments. Would allow investment in collective contributions to the qualified plan based on employee repayment of investment trusts ("CITs"). student loan debt. • 403(b) Multiple Employer Plans (MEP). Would specifically • Part-Time Employee Eligibility. Would reduce the current rule (500 authorize 403(b) MEPs, including the same relief provided hours for three consecutive years) to two years. under the SECURE Act from the "one bad apple rule." • Eliminate Certain Notices to Unenrolled Participants. Certain notices • Required Minimum Distribution Ages. Would index the RMD would not be required to be sent to eligible, but not participating age to 73 in 2022, 74 in 2029 and 75 in 2032. employees. Those employees would still be required to receive an • Catch-Up Contribution Increases. For those aged 62-64, would annual reminder of eligibility. increase the current ($6,500) catch-up limit to $10,000. The • Retirement Savings Lost and Found. Would create a national, lost catch-up would need to be in Roth form. and found for Americans' retirement accounts. REGULATORY to IRS Proposed Regulation: Required Minimum Distributions • On February 24, 2022, the IRS published an exhaustive proposed regulation seeking to update rules around required minimum distributions (RMDs) from most tax-qualified accounts. The regulation, in part, incorporates the new required beginning age of 72, but does not address plans with in-service withdrawal provisions at age 70 1/2 or changes to actuarial increases that occur for DB plans at age 70 1/2. • The proposal also attempts to consolidate guidance from prior private letter rulings and elsewhere regarding identification of beneficiaries, rules that apply depending on when the participant dies, and includes a new 10-year payment rule for beneficiaries. • The IRS specifically asked for comments on 403(b) and 457(b) plans and how to further align rules for those accounts with other defined contribution plan requirements. One such proposed change would be to require each contract to make a RMD rather than allowing for choice in aggregating the RMD amount. • The rules apply to distributions on or after January 1, 2022, and plans must be amended by the end of 2022 for compliance. No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. I 0 IRS Proposed Rule: One Bad Apple REGULATORY Continuing its theme of publishing regulations pursuant to the first SECURE Act, the - _ IRS published on March 25, 2022 a proposal on the so-called "One Bad Apple Rule" . . _ — -- (Unified Plan Rule) in Multiple Employer Plans (MEPs). Prior to the SECURE Act, if one 2.1 -�L _x_ — participating employer failed to act with regards to the plan, it could mean IL — ` disqualification for the MEP. "Ex' itp • The proposal sets forth the technical procedure by which a plan administrator must - provide certain notices to the noncompliant, "Unresponsive Participating Employer" " (UPE), before being able to remove the UPE from the MEP. The IRS notes that good faith reliance on the proposed rule would be deemed to ...... . satisfy Code Section 413(e) until the final rule is published. . illir_411 1111! DOL Crypto Guidance On March 10, 2022, the DOL published Compliance Assistance Release 2022-01. t ,,,• .` . The guidance (important to note, this is not a regulation or law), puts forth the DOL's I `�) 41 concerns around the prudence of offering cryptocurrency in retirement plans - • «t..;-_,. whether as a direct investment through the core lineup or through a self-directed . .`� ' I` ., - brokerage account. Specifically, the DOL points to the risks of fraud, theft, or loss for ;/ / `�9` / $ j ` the following reasons: to ' '� , a�� � �;,,• • Speculative and volatile investments �,-5 ;1 �� �� Challenge for participants to make informed investment decisions ^-,—, \ `, t. Custodial and recordkeeping concerns % �. "��'�,.. ,1 • • • Valuation concerns • . .. ..•• 4 ..,, ! = 1 1 • Evolving regulatory landscape •> •0 While not a law and not directly prohibiting crypto, the threat of DOL investigations is ` \ • %, likely to have a chilling effect on adoption. However, the guidance did not specifically iaddress indirect investment (e.g. through a registered product, like a mutual fund), whether in the core lineup or in the SDBA. No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. I 1 LITIGATION 0 0 0 Hyatt In an unusual case involving a bartender at a Hyatt hotel in Huntington Beach, California, a plaintiff is suing Hyatt to be able to defer more to his 401(k). Due to a common practice for tipped employees to be paid out at the end of each shift in cash, the suit claims that an insufficient amount is paid through payroll to proper reflect employee deferral elections. The case centers not on the settlor decision in setting the plan terms for compensation, but what it alleges was an arbitrary decision on how to implement the settlor decision. IDKimberly Clark A District Court has delayed ruling on a motion to dismiss and indirectly directed plaintiffs in the Kimberly Clark excessive fee case to replead the complaint by a late April deadline or it will approve the defendant's Motion to Dismiss. In part, at issue is whether a Board of Directors can be sued independent of the corporation. This case is noteworthy, post Tibble and Northwestern, as it demonstrates defendants continue to try to end litigation in the pre-discovery phases. L3 Harris Q Demonstrating that there are still jumbo plans to be targeted, L3Harris' $14.5 billion dollar plan was the subject of a fiduciary breach lawsuit filed by Capozzi Adler, claiming among other things the plan utilized higher-cost K shares of the Fidelity Freedom target date funds instead of the lowest-cost K6 share classes. Regardless of outcome, it serves as a good reminder to understand and document the share class selection of all underlying investments in the plan lineup. Vanguard to 111 I Targeted in a new class action lawsuit, Vanguard is accused of creating "unprecedented" taxable gains for retail investors when it reduced the minimum threshold for retirement plans to access its institutional funds from $100 million to $5 million. At least 15% of the fund assets were liquidated to raise the cash for retirement plan assets moving from the retail shares to the institutional shares. This created taxable gains that were born entirely by the retail investors left in the funds. No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed. The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note: Sector Weighting and/or Credit Analysis data reflect most current information available.Fund returns shown are net of fund expenses and sales charges.Advisory services offered through SageView Advisory Group,LLC,a Registered Investment Advisor. Advisory Services are only offered to clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place.4000 MacArthur Blvd,Ste 1050,CA 92660 T 949.955-1395 For use with plan sponsors only. 12 - 1 . . , .. fl Section II "'��* Portfolio Summary Portfolio Return vs. Custom Benchmark As of 03/31/2022 Std Dev Prospectus Performance As Of March 31,2022 3 Month YTD 1 Year 3 Year 5 Year 5 Yr Exp Ratio Clay County Utility Authority 401(a)Retirement Plan -4.63 -4.63 4.21 10.21 9.69 11.29 0.24 Clay County Utility Authority 401(a)Retirement Plan Custom Benchmark -4.15 -4.15 8.65 12.98 11.20 11.19 NA Clay County Utility Authority 401(a)Retirement Plan Custom Category Averages -4.17 -4.17 7.09 11.45 9.75 11.82 0.85 Benchmark Institutional Portfolio 60-30-10 -4.87 -4.87 4.76 9.97 8.55 9.29 NA MSCI World NR USD -5.15 -5.15 10.12 14.98 12.42 15.37 NA llndustry Average Exp Ratio 1.04%.Based on plan assets$10Mi1-$24.9Mil 18- Benchmark Weight 16- S&P 500 TR USD 50.54% 14- ICE BofA US 3M Trsy Bill TR USD 15.09% c 12 Morningstar Mod Con Tgt Risk TR USD 8.21% Bloomberg US Agg Bond TR USD 4.25 L 10 S&P Target Date 2025 TR USD 3.79% 7 -, 8- S&P Target Date 2035 TR USD 2.26 CC Russell 1000 Value TR USD 2.10% Nd II 1'1 S&P Target Date 2040 TR USD 2.05% 4 fD Russell 1000 Growth TR USD 1.64% C• 2 S&P Target Date 2020 TR USD 1.48 Q• 0- ii S&P Target Date 2030 TR USD 1.06% • -2- S&P Target Date 2045 TR USD 1.01% O 4- 0.8 % RussellMSCIEAFE Mid CapNRUSD TR USD 0.762% tO -6 MSCI EM NR USD 0.61% -8 Bloomberg US Govt/Mortgage TR USD 0.60% 3 Months YTD 1 Year 3 Years 5 Years Bloomberg US HY 2%Issuer Cap TR USD 0.52% Russell 2000 TR USD 0.49% ▪ Clay County Utility Authority 401(a) Retirement Plan ❑ Clay County Utility Authority 401(a) Retirement Plan Custom Benchmark ❑ Institutional Portfolio 60-30-10 • MSCI World NR USD 'Industry Average Expense Ratio Source:401(k)Averages Book,20th Edition,published by HR Investment Consultants The Institutional Portfolio 60-30-10 consists of 60%MSCI World NR USD,30%Bloomberg US Agg Bond TR USD and 10%ICE BofA US 3M Trsy Bill TR USD No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 14 •� 1 r >, co' E E (1) 111 cu O E \/:fr4 7111r. C) 4� a) > ► (i) Asset Allocation by Fund As of 03/31/2022 Fund %of Plan Assets Total Assets Resources Diversified Equity Class 1 49.69% $5,831,809.22 Morley Stable Value CI 25-I(852320183) 15.09% $1,771,368.35 Resources Diversified Risk Mtgt Class 1 8.21% $963,237.06 T. Rowe Price Retirement 12025 I 3.79% $444,490.63 Resources Diversified Fixed Inc Class 1 3.09% $362,749.07 T. Rowe Price Retirement 12035 I 2.26% $265,487.50 Vanguard Equity-Income Adm 2.10% $246,662.85 T. Rowe Price Retirement 12040 I 2.05% $241,108.46 T. Rowe Price Blue Chip Growth I 1.64% $192,280.50 T. Rowe Price Retirement 12020 I 1.48% $173,505.84 Dodge&Cox Income 1.16% $135,661.68 T. Rowe Price Retirement 12030 I 1.06% $124,654.75 T. Rowe Price Retirement 12045 I 1.01% $117,957.60 Vanguard 500 Index Admiral 0.85% $99,411.04 Fidelity®International Index 0.82% $96,764.41 Fidelity®Mid Cap Index 0.76% $89,080.55 Invesco Developing Markets R6 0.61% $71,075.98 American Funds US Government Sec R6 0.60% $70,697.81 Lord Abbett High Yield R6 0.52% $61,509.76 Fidelity®Small Cap Index 0.49% $57,503.40 T. Rowe Price Retirement 12050 I 0.45% $52,825.26 Delaware Ivy Mid Cap Growth I 0.45% $52,231.17 CO Federated Hermes MDT Small Cap Growth R6 0.35% $41,588.48 MFS Mid Cap Value R6 0.34% $39,768.67 T. Rowe Price Retirement 12055 I 0.33% $38,419.82 DFA US Targeted Value I 0.31% $36,865.82 T. Rowe Price Retirement 12060 I 0.31% $36,482.29 Fidelity®Real Estate Investment Port 0.12% $13,538.78 DFA World ex US Government Fxd Inc I 0.03% $3,415.16 T. Rowe Price Retirement 12015 I 0.02% $1,908.89 T. Rowe Price Retirement 12010 I 0.01% $1,319.09 T. Rowe Price Retirement 12005 I 0.01% $1,308.83 Total Market Value: 100.00% $11,736,688.72 No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 16 Portfolio Composition As of 03/31/2022 International Stocks 1.43% Bonds 5.41% Domestic Bonds 5.38% Alternatives 8.22% Alternatives 8.22% Asset Allocation 12.79% Target Date 12.79% Stocks 58.47% US Stocks 57.04% Cash 15.11% Cash 15.11% tO •Cash ❑ Bonds ■Stocks •Cash ❑ Domestic Bonds ❑ International Bonds ❑Alternatives ❑Asset Allocation ■ US Stocks ❑ International Stocks ❑Alternatives ❑Target Date No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 17 Fund Performance Summary As of 03/31/2022 Fund Benchmark 3 Years 5 Years 10 Years Expense SageView Category Asset Class (%)of Plan 3 Month YTD 1 Year Annualized Annualized Annualized Ratio Ranking Morley Stable Value CI 25-I(852320183) Stable Value 15.09% 0.36 0.36 1.42 1.81 1.81 1.51 0.45 See Attached ICE BofA US 3M Trsy Bill TR USD* 0.04 0.04 0.06 0.81 1.13 0.63 Cat:Morningstar US SA Stable Value 0.32 0.32 1.35 1.72 1.75 1.66 0.59 American Funds US Government Sec R6 Intermediate Government 0.60% -3.66 -3.66 -1.44 2.96 2.53 2.15 0.22 TOP DEC Bloomberg US Govt/Mortgage TR USD* -5.30 -5.30 -4.20 1.09 1.62 1.70 Cat:Morningstar Intermediate Government -4.79 -4.79 -4.58 0.86 1.21 1.30 0.68 Resources Diversified Fixed Inc Class 1 Intermediate Core Bond 3.09% -3.92 -3.92 -2.00 NA NA NA 0.25 NA Bloomberg US Agg Bond TR USD* -5.93 -5.93 -4.15 1.69 2.14 2.24 Cat:Morningstar Intermediate Core Bond -5.88 -5.88 -4.43 1.66 2.04 2.21 0.59 Dodge&Cox Income Intermediate Core-Plus Bond 1.16% -5.20 -5.20 -3.64 2.85 3.01 3.21 0.42 TOP QUAR Bloomberg US Agg Bond TR USD* -5.93 -5.93 -4.15 1.69 2.14 2.24 Cat:Morningstar Intermediate Core-Plus Bond -5.75 -5.75 -4.00 2.13 2.39 2.75 0.75 DFA World ex US Government Fxd Inc I World Bond-USD Hedged 0.03% -6.98 -6.98 -6.85 -0.57 1.70 3.06 0.20 Bloomberg Global Aggregate TR Hdg USD* -4.97 -4.97 -3.92 1.30 2.25 2.84 Cat:Morningstar World Bond-USD Hedged -5.23 -5.23 -4.73 1.29 1.93 2.35 0.74 Lord Abbett High Yield R6 High Yield Bond 0.52% -5.34 -5.34 -1.14 4.19 4.13 5.93 0.61 2ND QUAR Bloomberg US HY 2%Issuer Cap TR USD* -4.82 -4.82 -0.66 4.56 4.68 5.74 Cat:Morningstar High Yield Bond -3.97 -3.97 -0.40 3.90 3.88 4.77 0.92 CO Vanguard Equity-Income Adm Large Value 2.10% 1.14 1.14 15.45 13.92 11.92 12.45 0.19 TOP DEC Russell 1000 Value TR USD* -0.74 -0.74 11.67 13.02 10.29 11.70 Cat:Morningstar Large Value -0.21 -0.21 12.90 13.55 10.82 11.24 0.92 Resources Diversified Equity Class 1 Large Blend 49.69% -5.13 -5.13 7.07 NA NA NA 0.13 NA S&P 500 TR USD* -4.60 -4.60 15.65 18.92 15.99 14.64 Cat:Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80 *Investment Policy Benchmark No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 18 Fund Performance Summary As of 03/31/2022 Fund Benchmark 3 Years 5 Years 10 Years Expense SageView Category Asset Class (%)of Plan 3 Month YTD 1 Year Annualized Annualized Annualized Ratio Ranking Vanguard 500 Index Admiral Large Blend 0.85% -4.61 -4.61 15.60 18.89 15.95 14.60 0.04 Pass S&P 500 TR USD* -4.60 -4.60 15.65 18.92 15.99 14.64 Cat:Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80 T. Rowe Price Blue Chip Growth I Large Growth 1.64% -12.38 -12.38 2.76 15.98 18.04 15.94 0.56 2ND QUAR Russell 1000 Growth TR USD* -9.04 -9.04 14.98 23.60 20.88 17.04 Cat:Morningstar Large Growth -10.73 -10.73 5.74 18.76 17.62 14.63 0.97 MFS Mid Cap Value R6 Mid-Cap Value 0.34% -2.53 -2.53 12.56 15.10 11.23 12.34 0.64 TOP DEC Russell Mid Cap Value TR USD* -1.82 -1.82 11.45 13.69 9.99 12.01 Cat:Morningstar Mid-Cap Value -0.86 -0.86 10.87 13.61 9.74 10.91 0.99 Fidelity®Mid Cap Index Mid-Cap Blend 0.76% -5.69 -5.69 6.88 14.88 12.61 12.83 0.03 Pass Russell Mid Cap TR USD* -5.68 -5.68 6.92 14.89 12.62 12.85 Cat:Morningstar Mid-Cap Blend -5.05 -5.05 5.63 13.50 10.72 11.25 0.93 Delaware Ivy Mid Cap Growth I Mid-Cap Growth 0.45% -14.16 -14.16 -1.56 19.52 19.88 14.09 0.79 TOP DEC Russell Mid Cap Growth TR USD* -12.58 -12.58 -0.89 14.81 15.10 13.52 Cat:Morningstar Mid-Cap Growth -12.35 -12.35 -4.00 15.34 14.79 12.63 1.06 DFA US Targeted Value I Small Value 0.31% -0.11 -0.11 10.82 15.94 9.98 11.70 0.29 TOP DEC Russell 2000 Value TR USD* -2.40 -2.40 3.32 12.73 8.57 10.54 Cat:Morningstar Small Value -2.01 -2.01 6.19 13.19 8.46 9.92 1.16 CO Fidelity®Small Cap Index Small Blend 0.49% -7.47 -7.47 -5.85 11.80 9.84 11.20 0.03 Pass Russell 2000 TR USD* -7.53 -7.53 -5.79 11.74 9.74 11.04 Cat:Morningstar Small Blend -6.27 -6.27 1.11 12.35 9.45 10.70 1.00 Federated Hermes MDT Small Cap Growth R6 Small Growth 0.35% -11.04 -11.04 0.09 13.24 12.46 13.26 0.88 2ND QUAR Russell 2000 Growth TR USD* -12.63 -12.63 -14.33 9.88 10.33 11.21 Cat:Morningstar Small Growth -12.79 -12.79 -8.94 13.89 13.72 12.17 1.19 *Investment Policy Benchmark No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 19 Fund Performance Summary As of 03/31/2022 Fund Benchmark 3 Years 5 Years 10 Years Expense SageView Category Asset Class (%)of Plan 3 Month YTD 1 Year Annualized Annualized Annualized Ratio Ranking Fidelity®International Index Foreign Large Blend 0.82% -6.70 -6.70 0.51 7.65 6.68 6.31 0.04 Pass MSCI EAFE NR USD* -5.91 -5.91 1.16 7.78 6.72 6.27 Cat:Morningstar Foreign Large Blend -7.04 -7.04 -1.60 7.26 6.27 5.87 0.93 Invesco Developing Markets R6 Diversified Emerging Mkts 0.61% -15.68 -15.68 -22.36 0.68 4.28 3.39 0.81 3RD QUAR MSCI EM NR USD* -6.97 -6.97 -11.37 4.94 5.98 3.36 Cat:Morningstar Diversified Emerging Mkts -8.63 -8.63 -10.91 5.32 5.58 3.36 1.18 Fidelity®Real Estate Investment Port Real Estate 0.12% -5.87 -5.87 24.40 10.12 9.21 9.44 0.73 3RD QUAR FTSE Nareit Equity REITs TR USD* -3.86 -3.86 26.49 11.12 9.63 9.81 Cat:Morningstar Real Estate -5.08 -5.08 21.83 10.99 9.23 9.18 1.05 Resources Diversified Risk Mtgt Class 1 Multistrategy 8.21% -7.05 -7.05 -3.09 NA NA NA 0.07 NA Morningstar Mod Con Tgt Risk TR USD* -5.35 -5.35 0.36 6.74 6.27 5.66 Cat:Morningstar Multistrategy -1.15 -1.15 2.86 3.71 2.75 2.89 1.86 T.Rowe Price Retirement 12005 I Target-Date 2000-2010 0.01% -4.53 -4.53 1.30 7.54 6.58 NA 0.34 TOP QUAR S&P Target Date 2010 TR USD* -4.48 -4.48 1.14 6.39 5.81 5.51 Cat:Morningstar Target-Date 2000-2010 -4.51 -4.51 0.67 6.40 5.80 5.47 0.57 T. Rowe Price Retirement 12010 I Target-Date 2000-2010 0.01% -4.75 -4.75 1.55 8.07 7.06 NA 0.34 TOP QUAR S&P Target Date 2010 TR USD* -4.48 -4.48 1.14 6.39 5.81 5.51 Cat:Morningstar Target-Date 2000-2010 -4.51 -4.51 0.67 6.40 5.80 5.47 0.57 CO T.Rowe Price Retirement 12015 I Target-Date 2015 0.02% -4.82 -4.82 1.81 8.70 7.65 NA 0.36 TOP QUAR S&P Target Date 2015 TR USD* -4.58 -4.58 1.90 7.06 6.40 6.24 Cat:Morningstar Target-Date 2015 -4.87 -4.87 1.28 7.06 6.37 6.24 0.60 T. Rowe Price Retirement 12020 I Target-Date 2020 1.48% -4.98 -4.98 2.05 9.32 8.36 NA 0.37 TOP QUAR S&P Target Date 2020 TR USD* -4.72 -4.72 2.14 7.40 6.78 6.80 Cat:Morningstar Target-Date 2020 -5.19 -5.19 1.47 7.47 6.79 6.76 0.64 *Investment Policy Benchmark No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 00001 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. TM 20 Fund Performance Summary As of 03/31/2022 Fund Benchmark 3 Years 5 Years 10 Years Expense SageView Category Asset Class (%)of Plan 3 Month YTD 1 Year Annualized Annualized Annualized Ratio Ranking T.Rowe Price Retirement 12025 I Target-Date 2025 3.79% -5.37 -5.37 2.29 10.28 9.18 NA 0.39 TOP QUAR S&P Target Date 2025 TR USD* -4.83 -4.83 2.88 8.56 7.71 7.56 Cat:Morningstar Target-Date 2025 -5.47 -5.47 1.90 8.26 7.48 7.25 0.68 T. Rowe Price Retirement 12030 I Target-Date 2030 1.06% -5.92 -5.92 2.64 11.21 9.97 NA 0.41 TOP QUAR S&P Target Date 2030 TR USD* -4.93 -4.93 3.70 9.65 8.56 8.28 Cat:Morningstar Target-Date 2030 -5.72 -5.72 2.61 9.46 8.48 8.02 0.69 T.Rowe Price Retirement 12035 I Target-Date 2035 2.26% -6.28 -6.28 2.95 12.04 10.65 NA 0.42 TOP DEC S&P Target Date 2035 TR USD* -5.02 -5.02 4.73 10.90 9.50 8.99 Cat:Morningstar Target-Date 2035 -5.95 -5.95 3.37 10.61 9.36 8.75 0.70 T. Rowe Price Retirement 12040 I Target-Date 2040 2.05% -6.60 -6.60 3.18 12.81 11.25 NA 0.43 TOP QUAR S&P Target Date 2040 TR USD* -5.03 -5.03 5.48 11.78 10.15 9.50 Cat:Morningstar Target-Date 2040 -6.04 -6.04 4.00 11.45 9.97 9.27 0.71 T.Rowe Price Retirement 12045 I Target-Date 2045 1.01% -6.75 -6.75 3.32 13.27 11.56 NA 0.44 TOP DEC S&P Target Date 2045 TR USD* -5.02 -5.02 5.96 12.30 10.51 9.83 Cat:Morningstar Target-Date 2045 -6.16 -6.16 4.42 12.06 10.43 9.53 0.71 T. Rowe Price Retirement 12050 I Target-Date 2050 0.45% -6.76 -6.76 3.39 13.31 11.60 NA 0.45 TOP QUAR S&P Target Date 2050 TR USD* -5.02 -5.02 6.16 12.56 10.72 10.08 Cat:Morningstar Target-Date 2050 -6.20 -6.20 4.59 12.25 10.55 9.64 0.72 CO T.Rowe Price Retirement 12055 I Target-Date 2055 0.33% -6.74 -6.74 3.44 13.32 11.61 NA 0.46 TOP DEC S&P Target Date 2055 TR USD* -5.01 -5.01 6.24 12.65 10.80 10.25 Cat:Morningstar Target-Date 2055 -6.24 -6.24 4.64 12.38 10.66 9.75 0.71 T. Rowe Price Retirement 12060 I Target-Date 2060 0.31% -6.74 -6.74 3.40 13.34 11.61 NA 0.46 TOP QUAR S&P Target Date 2060+TR USD* -5.02 -5.02 6.16 12.68 10.87 10.30 Cat:Morningstar Target-Date 2060 -6.21 -6.21 4.76 12.45 10.72 10.24 0.72 *Investment Policy Benchmark No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 000, content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 21 Addition/Replacements Fund PeerGroup %of 3 Years 5 Years 10 Years Expense SageView Idx Assets 3 Month YTD 1 Year Annualized Annualized Annualized Ratio Ticker Rank Current Investment DFA World ex US Government Fxd Inc I 0.03 -6.98 -6.98 -6.85 -0.57 1.70 3.06 0.20 DWFIX 68 Alternative investment for consideration BrandywineGLOBAL Global Opp Bd USDH IS - -2.74 -2.74 -2.72 4.21 - - 0.62 GLOBX 3 Cat.Avg.:Morningstar World Bond-USD Hedged -5.23 -5.23 -4.73 1.29 1.93 2.35 0.74 Idx:Bloomberg Global Aggregate TR Hdg USD -4.97 -4.97 -3.92 1.30 2.25 2.84 Current Investment Resources Diversified Equity Class 1 49.69 -5.13 -5.13 7.07 - - - 0.13 - - Alternative investment for consideration Fidelity®500 Index - -4.60 -4.60 15.63 18.91 15.98 14.62 0.02 FXAIX Pass Cat.Avg.:Morningstar Large Blend -5.18 -5.18 12.11 16.75 14.07 13.02 0.80 Idx:S&P 500 TR USD -4.60 -4.60 15.65 18.92 15.99 14.64 Current Investment Fidelity®Real Estate Investment Port 0.12 -5.87 -5.87 24.40 10.12 9.21 9.44 0.73 FRESX 69 Alternative investment for consideration Principal Real Estate Securities Fd R-6 - -5.18 -5.18 23.82 12.78 11.61 10.88 0.80 PFRSX 7 Cat.Avg.:Morningstar Real Estate -5.08 -5.08 21.83 10.99 9.23 9.18 1.05 Idx:FTSE Nareit Equity REITs TR USD -3.86 -3.86 26.49 11.12 9.63 9.81 .=Current .=Addition.=Alternative to No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 22 Fund Score Summary # of Funds Average SageView Score Total Available Standalone Investments 32 21 Core Investments 20 27 Asset Allocation Investments 12 14 to No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. TM 23 Fund Score Summary Total Modified Down Return Rolling 12 Sharpe Up Capture Capture Batting SageView Composite Mo Perf. RSquared Ratio Alpha Ratio Ratio Average Expense Normalized Fund Name Ticker Ranking (5 Yrs.) (3 Yrs) (36 Mos.) (60 Mos.) (10 Yrs.) (10 Yrs.) (10 Yrs.) Ratio Ranking American Funds US Government Sec R6 RGVGX 2% 26% 52% 2% 2% 13% 52% 13% 8% 3% Resources Diversified Fixed Inc Class 1 NA NA NA NA NA NA NA NA NA NA NA Dodge&Cox Income DODIX 22% 34% 58% 12% 14% 79% 10% 28% 19% 13% DFA World ex US Government Fxd Inc I DWFIX 76% 46% 2% 99% 89% 1% 96% 42% 5% Lord Abbett High Yield R6 LHYVX 42% 47% 46% 66% 81% 4% 77% 2% 23% 43% Vanguard Equity-Income Adm VEIRX 26% 41% 20% 19% 15% 76% 12% 41% 3% 7% Resources Diversified Equity Class 1 NA NA NA NA NA NA NA NA NA NA NA T.Rowe Price Blue Chip Growth I TBCIX 56% 51% 27% 78% 51% 22% 55% 47% 14% 49% MFS Mid Cap Value R6 MVCKX 20% 32% 7% 18% 12% 45% 28% 11% 12% 4% Delaware Ivy Mid Cap Growth I IYMIX 15% 23% 18% 12% 7% 26% 44% 24% 23% 3% DFA US Targeted Value I DFFVX 18% 44% 11% 20% 30% 12% 77% 1% 2% 7% Federated Hermes MDT Small Cap Growth R6 QLSGX 45% 61% 10% 52% 71% 20% 62% 39% 24% 40% Invesco Developing Markets R6 ODVIX 75% 44% 54% 91% 68% 68% 31% 31% 15% Fidelity®Real Estate Investment Port FRESX 68% 58% 56% 80% 74% 38% 71% 32% 16% Resources Diversified Risk Mtgt Class 1 NA NA NA NA NA NA NA NA NA NA NA tO T.Rowe Price Retirement 12005 I TRPFX 16% 30% 53% 37% 45% 23% 42% 9% 28% 17% T. Rowe Price Retirement 12010 I TRPAX 8% 22% 35% 32% 41% 10% 85% 1% 28% 13% T.Rowe Price Retirement 12015 I TRFGX 10% 25% 51% 38% 40% 8% 78% 1% 33% 14% T. Rowe Price Retirement 12020 I TRBRX 9% 24% 46% 47% 37% 2% 92% 2% 33% 22% T.Rowe Price Retirement 12025 I TRPHX 9% 24% 51% 42% 27% 4% 88% 5% 35% 20% T.Rowe Price Retirement 12030 I TRPCX 11% 25% 38% 38% 25% 8% 83% 10% 36% 15% T.Rowe Price Retirement 12035 I TRPJX 18% 27% 51% 31% 18% 17% 56% 7% 38% 10% T. Rowe Price Retirement 12040 I TRPDX 22% 28% 57% 31% 16% 15% 53% 5% 37% 13% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. TM 24 Fund Score Summary Total Modified Down Return Rolling 12 Sharpe Up Capture Capture Batting SageView Composite Mo Perf. RSquared Ratio Alpha Ratio Ratio Average Expense Normalized Fund Name Ticker Ranking (5 Yrs.) (3 Yrs) (36 Mos.) (60 Mos.) (10 Yrs.) (10 Yrs.) (10 Yrs.) Ratio Ranking T. Rowe Price Retirement 12045 I TRPKX 19% 28% 63% 27% 12% 20% 41% 3% 40% 9% T. Rowe Price Retirement 12050 I TRPMX 19% 28% 70% 27% 12% 32% 30% 3% 40% 12% T.Rowe Price Retirement 12055 I TRPNX 19% 29% 72% 23% 10% 47% 24% 5% 43% 10% T. Rowe Price Retirement 12060 I TRPLX 23% 31% 77% 24% 12% 51% 25% 10% 42% 16% t0 No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. TM 25 IPS Historical Ranking Fund Name 06/2019 09/2019 12/2019 03/2020 06/2020 09/2020 12/2020 03/2021 06/2021 09/2021 12/2021 03/2022 Morley Stable Value CI 25-I(852320183) NA NA NA NA NA NA NA NA NA NA NA NA American Funds US Government Sec R6 2ND QUAR 2ND QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC Resources Diversified Fixed Inc Class 1 NA NA NA NA NA NA NA NA NA NA NA NA Dodge&Cox Income TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR DFA World ex US Government Fxd Inc I TOP QUAR TOP QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR Lord Abbett High Yield R6 TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR Vanguard Equity-Income Adm TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC Resources Diversified Equity Class 1 NA NA NA NA NA NA NA NA NA NA NA NA Vanguard 500 Index Admiral Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass T.Rowe Price Blue Chip Growth I TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR MFS Mid Cap Value R6 TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC Fidelity®Mid Cap Index Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Delaware Ivy Mid Cap Growth I 2ND QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC DFA US Targeted Value I 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC Fidelity®Small Cap Index Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Federated Hermes MDT Small Cap Growth R6 TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR Fidelity®International Index Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass Pass tO Invesco Developing Markets R6 TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR 3Ro QUAR Fidelity®Real Estate Investment Port TOP QUAR TOP QUAR TOP QUAR 2ND QUAR 2ND QUAR 2ND QUAR 3RD QUAR 3RD QUAR 3Ro QUAR 3Ro QUAR 3Ro QUAR 3Ro QUAR Resources Diversified Risk Mtgt Class 1 NA NA NA NA NA NA NA NA NA NA NA NA T.Rowe Price Retirement 12005 I TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR TOP QUAR T.Rowe Price Retirement 120101 TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR T.Rowe Price Retirement 12015 I TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR 2ND QUAR TOP QUAR T.Rowe Price Retirement 120201 TOP DEC TOP DEC TOP DEC 2ND QUAR 2ND QUAR 2ND QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR 2ND QUAR TOP QUAR T.Rowe Price Retirement 12025 I TOP DEC TOP DEC TOP DEC 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 00001 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. TM 26 IPS Historical Ranking Fund Name 06/2019 09/2019 12/2019 03/2020 06/2020 09/2020 12/2020 03/2021 06/2021 09/2021 12/2021 03/2022 T.Rowe Price Retirement 12030 I TOP DEC TOP DEC TOP DEC 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP QUAR TOP QUAR T.Rowe Price Retirement 12035 I TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC T.Rowe Price Retirement 12040 I TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR T.Rowe Price Retirement 12045 I TOP DEC TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC T.Rowe Price Retirement 12050 I TOP DEC TOP QUAR TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP QUAR T.Rowe Price Retirement 12055 I TOP DEC TOP DEC TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC TOP DEC T.Rowe Price Retirement 12060 I TOP QUAR TOP QUAR TOP QUAR 2ND QUAR TOP QUAR TOP QUAR TOP QUAR TOP QUAR TOP DEC TOP DEC TOP DEC TOP QUAR to No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 27 American Funds US Government Sec R6 RGVGX Ranking Vs. Peers-Intermediate Government March 31, 2022 Intermediate Government Universe: 249 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 1.85% Modified Sharpe Ratio-36 Months 2.00% 10 Year 2.00% Alpha-60 Months 2.00% 5 Year 2.00% Up Capture Ratio-10 Years 13.00% 3 Year 2.00% Down Capture Ratio-10 Years 52.00% 1 Year 1.00% Batting Average-10 Years 13.00% Rolling 12 Month-5 Years 26.37% Fund Expense Ranking Expense Ratio 0.22 8.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 3.00% Bloomberg US Govt/Mortgage TR USD R2 52.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 3% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 28 Dodge & Cox Income DODIX Ranking Vs. Peers-Intermediate Core-Plus Bond March 31, 2022 Intermediate Core-Plus Bond Universe: 803 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 21.90% Modified Sharpe Ratio-36 Months 12.00% 10 Year 21.00% Alpha-60 Months 14.00% 5 Year 19.00% Up Capture Ratio-10 Years 79.00% 3 Year 21.00% Down Capture Ratio-10 Years 10.00% 1 Year 33.00% Batting Average-10 Years 28.00% Rolling 12 Month-5 Years 34.43% Fund Expense Ranking Expense Ratio 0.42 19.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 13.00% Bloomberg US Agg Bond TR USD R2 58.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 13% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 29 DFA World ex US Government Fxd Inc I DWFIX Ranking Vs. Peers-World Bond-USD Hedged March 31, 2022 World Bond-USD Hedged Universe: 123 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 76.20% Modified Sharpe Ratio-36 Months 99.00% 10 Year 30.00% Alpha-60 Months 89.00% 5 Year 74.00% Up Capture Ratio-10 Years 1.00% 3 Year 96.00% Down Capture Ratio-10 Years 96.00% 1 Year 96.00% Batting Average-10 Years 42.00% Rolling 12 Month-5 Years 46.45% Fund Expense Ranking Expense Ratio 0.2 5.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 68.00% Bloomberg Global Aggregate TR Hdg USD R2 2.00% STATUS 3rd QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 68% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 30 BrandywineGLOBAL Global Opp Bd USDH IS GLOBX Ranking Vs. Peers-World Bond-USD Hedged Alternative March 31, 2022 World Bond-USD Hedged Universe: 123 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 1.50% Modified Sharpe Ratio-36 Months 1.00% 10 Year NA Alpha-60 Months 1.00% 5 Year NA Up Capture Ratio-10 Years 19.00% 3 Year 1.00% Down Capture Ratio-10 Years 7.00% 1 Year 3.00% Batting Average-10 Years 11.00% Rolling 12 Month-5 Years 12.04% Fund Expense Ranking Expense Ratio 0.62 37.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 3.00% Bloomberg Global Aggregate TR Hdg USD R2 90.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 3% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 31 Lord Abbett High Yield R6 LHYVX Ranking Vs. Peers-High Yield Bond March 31, 2022 High Yield Bond Universe: 744 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 42.25% Modified Sharpe Ratio-36 Months 66.00% 10 Year 9.00% Alpha-60 Months 81.00% 5 Year 42.00% Up Capture Ratio-10 Years 4.00% 3 Year 43.00% Down Capture Ratio-10 Years 77.00% 1 Year 75.00% Batting Average-10 Years 2.00% Rolling 12 Month-5 Years 46.88% Fund Expense Ranking Expense Ratio 0.61 23.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 43.00% Bloomberg US HY 2%Issuer Cap TR USD R2 46.00% STATUS 2nd QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 43% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 32 Vanguard Equity-Income Adm VEIRX Ranking Vs. Peers-Large Value March 31, 2022 Large Value Universe: 1351 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 25.70% Modified Sharpe Ratio-36 Months 19.00% 10 Year 16.00% Alpha-60 Months 15.00% 5 Year 24.00% Up Capture Ratio-10 Years 76.00% 3 Year 41.00% Down Capture Ratio-10 Years 12.00% 1 Year 15.00% Batting Average-10 Years 41.00% Rolling 12 Month-5 Years 40.76% Fund Expense Ranking Expense Ratio 0.19 3.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 7.00% Russell 1000 Value TR USD R2 20.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 7% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 33 T. Rowe Price Blue Chip Growth I TBCIX Ranking Vs. Peers-Large Growth March 31, 2022 Large Growth Universe: 1454 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 55.75% Modified Sharpe Ratio-36 Months 78.00% 10 Year 21.00% Alpha-60 Months 51.00% 5 Year 47.00% Up Capture Ratio-10 Years 22.00% 3 Year 82.00% Down Capture Ratio-10 Years 55.00% 1 Year 73.00% Batting Average-10 Years 47.00% Rolling 12 Month-5 Years 51.12% Fund Expense Ranking Expense Ratio 0.56 14.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 49.00% Russell 1000 Growth TR USD R2 27.00% STATUS 2nd QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 49% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 34 MFS Mid Cap Value R6 MVCKX Ranking Vs. Peers-Mid-Cap Value March 31, 2022 Mid-Cap Value Universe: 504 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 19.95% Modified Sharpe Ratio-36 Months 18.00% 10 Year 12.00% Alpha-60 Months 12.00% 5 Year 15.00% Up Capture Ratio-10 Years 45.00% 3 Year 24.00% Down Capture Ratio-10 Years 28.00% 1 Year 36.00% Batting Average-10 Years 11.00% Rolling 12 Month-5 Years 32.18% Fund Expense Ranking Expense Ratio 0.64 12.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 4.00% Russell Mid Cap Value TR USD R2 7.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 4% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 35 Delaware Ivy Mid Cap Growth I IYMIX Ranking Vs. Peers-Mid-Cap Growth March 31, 2022 Mid-Cap Growth Universe: 726 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 14.80% Modified Sharpe Ratio-36 Months 12.00% 10 Year 23.00% Alpha-60 Months 7.00% 5 Year 8.00% Up Capture Ratio-10 Years 26.00% 3 Year 7.00% Down Capture Ratio-10 Years 44.00% 1 Year 40.00% Batting Average-10 Years 24.00% Rolling 12 Month-5 Years 23.29% Fund Expense Ranking Expense Ratio 0.79 23.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 3.00% Russell Mid Cap Growth TR USD R2 18.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 3% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 36 DFA US Targeted Value I DFFVX Ranking Vs. Peers-Small Value March 31, 2022 Small Value Universe: 528 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 18.25% Modified Sharpe Ratio-36 Months 20.00% 10 Year 16.00% Alpha-60 Months 30.00% 5 Year 21.00% Up Capture Ratio-10 Years 12.00% 3 Year 16.00% Down Capture Ratio-10 Years 77.00% 1 Year 16.00% Batting Average-10 Years 1.00% Rolling 12 Month-5 Years 44.37% Fund Expense Ranking Expense Ratio 0.29 2.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 7.00% Russell 2000 Value TR USD R2 11.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 7% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 37 Federated Hermes MDT Small Cap Growth R6 QLSGX Ranking Vs. Peers-Small Growth March 31, 2022 Small Growth Universe: 731 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 44.95% Modified Sharpe Ratio-36 Months 52.00% 10 Year 27.00% Alpha-60 Months 71.00% 5 Year 62.00% Up Capture Ratio-10 Years 20.00% 3 Year 46.00% Down Capture Ratio-10 Years 62.00% 1 Year 10.00% Batting Average-10 Years 39.00% Rolling 12 Month-5 Years 61.47% Fund Expense Ranking Expense Ratio 0.88 24.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 40.00% Russell 2000 Growth TR USD R2 10.00% STATUS 2nd QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 40% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 38 Invesco Developing Markets R6 ODVIX Ranking Vs. Peers-Diversified Emerging Mkts March 31, 2022 Diversified Emerging Mkts Universe: 881 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 74.80% Modified Sharpe Ratio-36 Months 91.00% 10 Year 48.00% Alpha-60 Months 68.00% 5 Year 70.00% Up Capture Ratio-10 Years 68.00% 3 Year 91.00% Down Capture Ratio-10 Years 31.00% 1 Year 89.00% Batting Average-10 Years 31.00% Rolling 12 Month-5 Years 44.10% Fund Expense Ranking Expense Ratio 0.81 15.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 64.00% MSCI EM NR USD R2 54.00% STATUS 3rd QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 64% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 39 Fidelity® Real Estate Investment Port FRESX Ranking Vs. Peers-Real Estate March 31, 2022 Real Estate Universe: 296 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 68.05% Modified Sharpe Ratio-36 Months 80.00% 10 Year 56.00% Alpha-60 Months 74.00% 5 Year 73.00% Up Capture Ratio-10 Years 38.00% 3 Year 79.00% Down Capture Ratio-10 Years 71.00% 1 Year 47.00% Batting Average-10 Years 32.00% Rolling 12 Month-5 Years 57.51% Fund Expense Ranking Expense Ratio 0.73 16.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 69.00% FTSE Nareit Equity REITs TR USD R2 56.00% STATUS 3rd QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 69% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 40 Principal Real Estate Securities Fd R-6 PFRSX Ranking Vs. Peers-Real Estate Alternative March 31, 2022 Real Estate Universe: 296 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 27.55% Modified Sharpe Ratio-36 Months 36.00% 10 Year 9.00% Alpha-60 Months 18.00% 5 Year 18.00% Up Capture Ratio-10 Years 26.00% 3 Year 40.00% Down Capture Ratio-10 Years 20.00% 1 Year 54.00% Batting Average-10 Years 3.00% Rolling 12 Month-5 Years 29.86% Fund Expense Ranking Expense Ratio 0.8 25.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 7.00% FTSE Nareit Equity REITs TR USD R2 27.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 7% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or 0000 content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 41 T. Rowe Price Retirement 12005 I TRPFX Ranking Vs. Peers-Target-Date 2000-2010 March 31, 2022 Target-Date 2000-2010 Universe: 272 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 16.25% Modified Sharpe Ratio-36 Months 37.00% 10 Year NA Alpha-60 Months 45.00% 5 Year 14.00% Up Capture Ratio-10 Years 23.00% 3 Year 14.00% Down Capture Ratio-10 Years 42.00% 1 Year 29.00% Batting Average-10 Years 9.00% Rolling 12 Month-5 Years 30.12% Fund Expense Ranking Expense Ratio 0.34 28.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 17.00% S&P Target Date 2010 TR USD R2 53.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 17% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 42 T. Rowe Price Retirement 12010 I TRPAX Ranking Vs. Peers-Target-Date 2000-2010 March 31, 2022 Target-Date 2000-2010 Universe: 272 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 7.85% Modified Sharpe Ratio-36 Months 32.00% 10 Year NA Alpha-60 Months 41.00% 5 Year 5.00% Up Capture Ratio-10 Years 10.00% 3 Year 6.00% Down Capture Ratio-10 Years 85.00% 1 Year 22.00% Batting Average-10 Years 1.00% Rolling 12 Month-5 Years 21.86% Fund Expense Ranking Expense Ratio 0.34 28.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 13.00% S&P Target Date 2010 TR USD R2 35.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 13% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 43 T. Rowe Price Retirement 12015 I TRFGX Ranking Vs. Peers-Target-Date 2015 March 31, 2022 Target-Date 2015 Universe: 270 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 10.00% Modified Sharpe Ratio-36 Months 38.00% 10 Year NA Alpha-60 Months 40.00% 5 Year 7.00% Up Capture Ratio-10 Years 8.00% 3 Year 6.00% Down Capture Ratio-10 Years 78.00% 1 Year 29.00% Batting Average-10 Years 1.00% Rolling 12 Month-5 Years 24.88% Fund Expense Ranking Expense Ratio 0.36 33.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 14.00% S&P Target Date 2015 TR USD R2 51.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 14% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 44 T. Rowe Price Retirement 12020 I TRBRX Ranking Vs. Peers-Target-Date 2020 March 31, 2022 Target-Date 2020 Universe: 358 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 9.15% Modified Sharpe Ratio-36 Months 47.00% 10 Year NA Alpha-60 Months 37.00% 5 Year 6.00% Up Capture Ratio-10 Years 2.00% 3 Year 6.00% Down Capture Ratio-10 Years 92.00% 1 Year 27.00% Batting Average-10 Years 2.00% Rolling 12 Month-5 Years 24.14% Fund Expense Ranking Expense Ratio 0.37 33.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 22.00% S&P Target Date 2020 TR USD R2 46.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 22% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 45 T. Rowe Price Retirement 12025 I TRPHX Ranking Vs. Peers-Target-Date 2025 March 31, 2022 Target-Date 2025 Universe: 480 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 9.35% Modified Sharpe Ratio-36 Months 42.00% 10 Year NA Alpha-60 Months 27.00% 5 Year 5.00% Up Capture Ratio-10 Years 4.00% 3 Year 5.00% Down Capture Ratio-10 Years 88.00% 1 Year 34.00% Batting Average-10 Years 5.00% Rolling 12 Month-5 Years 23.82% Fund Expense Ranking Expense Ratio 0.39 35.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 20.00% S&P Target Date 2025 TR USD R2 51.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 20% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 46 T. Rowe Price Retirement 12030 I TRPCX Ranking Vs. Peers-Target-Date 2030 March 31, 2022 Target-Date 2030 Universe: 451 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 11.15% Modified Sharpe Ratio-36 Months 38.00% 10 Year NA Alpha-60 Months 25.00% 5 Year 5.00% Up Capture Ratio-10 Years 8.00% 3 Year 6.00% Down Capture Ratio-10 Years 83.00% 1 Year 44.00% Batting Average-10 Years 10.00% Rolling 12 Month-5 Years 25.29% Fund Expense Ranking Expense Ratio 0.41 36.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 15.00% S&P Target Date 2030 TR USD R2 38.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 15% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 47 T. Rowe Price Retirement 12035 I TRPJX Ranking Vs. Peers-Target-Date 2035 March 31, 2022 Target-Date 2035 Universe: 473 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 18.45% Modified Sharpe Ratio-36 Months 31.00% 10 Year NA Alpha-60 Months 18.00% 5 Year 9.00% Up Capture Ratio-10 Years 17.00% 3 Year 14.00% Down Capture Ratio-10 Years 56.00% 1 Year 62.00% Batting Average-10 Years 7.00% Rolling 12 Month-5 Years 27.41% Fund Expense Ranking Expense Ratio 0.42 38.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 10.00% S&P Target Date 2035 TR USD R2 51.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 10% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 48 T. Rowe Price Retirement 12040 I TRPDX Ranking Vs. Peers-Target-Date 2040 March 31, 2022 Target-Date 2040 Universe: 443 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 21.65% Modified Sharpe Ratio-36 Months 31.00% 10 Year NA Alpha-60 Months 16.00% 5 Year 11.00% Up Capture Ratio-10 Years 15.00% 3 Year 17.00% Down Capture Ratio-10 Years 53.00% 1 Year 70.00% Batting Average-10 Years 5.00% Rolling 12 Month-5 Years 28.24% Fund Expense Ranking Expense Ratio 0.43 37.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 13.00% S&P Target Date 2040 TR USD R2 57.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 13% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 49 T. Rowe Price Retirement 12045 I TRPKX Ranking Vs. Peers-Target-Date 2045 March 31, 2022 Target-Date 2045 Universe: 473 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 19.25% Modified Sharpe Ratio-36 Months 27.00% 10 Year NA Alpha-60 Months 12.00% 5 Year 8.00% Up Capture Ratio-10 Years 20.00% 3 Year 11.00% Down Capture Ratio-10 Years 41.00% 1 Year 77.00% Batting Average-10 Years 3.00% Rolling 12 Month-5 Years 27.67% Fund Expense Ranking Expense Ratio 0.44 40.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 9.00% S&P Target Date 2045 TR USD R2 63.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 9% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 50 T. Rowe Price Retirement 12050 I TRPMX Ranking Vs. Peers-Target-Date 2050 March 31, 2022 Target-Date 2050 Universe: 442 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 18.65% Modified Sharpe Ratio-36 Months 27.00% 10 Year NA Alpha-60 Months 12.00% 5 Year 8.00% Up Capture Ratio-10 Years 32.00% 3 Year 11.00% Down Capture Ratio-10 Years 30.00% 1 Year 73.00% Batting Average-10 Years 3.00% Rolling 12 Month-5 Years 28.39% Fund Expense Ranking Expense Ratio 0.45 40.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 12.00% S&P Target Date 2050 TR USD R2 70.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 12% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 51 T. Rowe Price Retirement 12055 I TRPNX Ranking Vs. Peers-Target-Date 2055 March 31, 2022 Target-Date 2055 Universe: 463 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 19.25% Modified Sharpe Ratio-36 Months 23.00% 10 Year NA Alpha-60 Months 10.00% 5 Year 8.00% Up Capture Ratio-10 Years 47.00% 3 Year 13.00% Down Capture Ratio-10 Years 24.00% 1 Year 73.00% Batting Average-10 Years 5.00% Rolling 12 Month-5 Years 29.00% Fund Expense Ranking Expense Ratio 0.46 43.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 10.00% S&P Target Date 2055 TR USD R2 72.00% STATUS TOP DECILE 10% 25% 50% 75% to Top Bottom Score Score 10% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 52 T. Rowe Price Retirement 12060 I TRPLX Ranking Vs. Peers-Target-Date 2060 March 31, 2022 Target-Date 2060 Universe: 403 Funds Performance Ranking Ranking Ratio Statistics Ranking Total Return Composite Ranking 22.65% Modified Sharpe Ratio-36 Months 24.00% 10 Year NA Alpha-60 Months 12.00% 5 Year 12.00% Up Capture Ratio-10 Years 51.00% 3 Year 16.00% Down Capture Ratio-10 Years 25.00% 1 Year 75.00% Batting Average-10 Years 10.00% Rolling 12 Month-5 Years 30.57% Fund Expense Ranking Expense Ratio 0.46 42.00% Style Consistency Ranking SageView Normalized Ranking Style Consistency to Benchmark SageView Normalized Ranking 16.00% S&P Target Date 2060+TR USD R2 77.00% STATUS TOP QUARTILE 10% 25% 50% 75% to Top Bottom Score Score 16% No representations or warranties are being made as to the tax effect,performance,past or future,or financial impact of this summary.This information is provided as an informal report;no warranties as to the accuracy or esse content are implied or expressed.The information above must be interpreted in the context of,and is qualified by,all the information contained in the prospectuses,where applicable,which have been or will be delivered to the appropriate investing parties prior to any offer being made.Note:Sector Weighting and/or Credit Analysis data reflect most current information available.securities offered through Cetera Advisor Networks,member SIPC.SageView is not affiliated with Cetera Advisor Networks.Fund returns shown are net of fund expenses and sales charges. 53 S G SageView Presents: Money Matters E W 2022 FINANCIAL WELLNESS WORKSHOP Join SageView for our annual two-part webinar series hosted by our National Education Team as we cover six essential financial topics everyone should know. Each 60-minute workshop will have three webinars led by experienced SageView advisors. After each session you'll receive a one-page flyer with key concepts for you to keep! Your can join us for the whole workshop or just attend specific sessions -- it's up to you! SPRING WORKSHOP FALL WORKSHOP Tuesday,April 12, 2022 Tuesday, October 4, 2022 © 11:00 am PDT/ 2:00 pm ET © 11:00 am PDT/ 2:00 pm ET 1 .00 am Target-Date Funds . 11:00 am Cybersecurity and your Do it myself or do it for me?A deep Finances dive into understanding Target-Date Ken Barnes Aware and prepared: Protect your Tina Chambers Funds and all the investment assets,your future and yourself. options in your retirement plan. I11:20 ail' Automating Healthy 11:20 am Countdown to Retirement Financial Habits Run the numbers to make sure Simplify your finances by using the you're financially ready to retire, Matt Hammond power of automation to save more including your net worth, to for emergencies, retirement and emergency savings and all other financial goals. retirement income sources. Debt Management and 11:40 am Taxes in Retirement Prioritizing Your Savings After your last paycheck,taxes don't Margarita Cro 414. How much should you put Jack Lockwood retire:Strategies for drawing down toward your retirement plan versus assets in retirement. HSAs/FSAs, emergency savings and paying off debt?We'll walk you through how to prioritize your savings and build a plan. Register Now Register Now SageView Advisory Group,LLC is a Registered Investment Adviser.This flyer is for informational purposes only and is not a solicitation to invest.Advisory services are only offered to clients or prospective clients where SageView Advisory Group,LLC and its representatives are properly licensed or exempt from licensure.Past performance is no guarantee of future results.No advice may be rendered by SageView Advisory Group,LLC unless a client service agreement is in place. 0 .•.0001 LEARN ABOUT THE --~ SAVER 'S TAX CREDIT „0, and plan ahead for 2022! Also referred to as the Retirement Savings Contributions Credit To claim the Saver's Credit for 2021,you must: by the Internal Revenue Service (IRS),the Saver's Tax Credit is a • Be age 18 or older non-refundable credit that can reduce your tax bill by up to • Not be a full-time student $1,000 (or$2,000 for married couples filing jointly) if you made • Not be claimed as a dependent on another person's return contributions to an IRA, 401(k), 403(b) 457(b) or any other IRS Your credit rate can be as low as 10 percent or as high as 50 recognized retirement savings plan. percent, depending on your adjusted gross income (AGI) and Unlike a deduction, a credit is a dollar-for-dollar reduction of your filing status. The chart below can help you calculate your your federal income tax liability and this credit can reduce the credit. amount you owe or increase your refund for taxes already paid. to 2021 SAVER'S CREDIT CREDIT RATE MARRIED FILING JOINTLY HEAD OF HOUSEHOLD ALL OTHER FILERS* 50%of your contribution AGI not more than $39,500 AGI not more than $29,625 AGI not more than $19,750 20%of your contribution $39,501-$43,000 $29,626-$32,250 $19,751-$21,500 10%of your contribution $43,001-$66,000 $32,251-$49,500 $21,501-$33,000 0%of your contribution More than $66,000 More than $49,500 More than $33,000 2022 SAVER'S CREDIT CREDIT RATE MARRIED FILING JOINTLY HEAD OF HOUSEHOLD ALL OTHER FILERS* 50%of your contribution AGI not more than $41,000 AGI not more than $30,750 AGI not more than $20,500 20%of your contribution $41,001-$44,000 $30,751-$33,000 $20,501-$22,000 10%of your contribution $44,001-$68,000 $33,001-$51,000 $22,001-$34,000 0%of your contribution More than $68,000 More than $51,000 More than $34,000 *Single, married filing separately, or qualifying widow(er) For more information, please contact the IRS at www.irs.gov. SageView Advisory Group 14000 MacArthur Blvd,Suite 1050,Newport Beach,CA 92660 1800.814.8742 I www.sageviewadvisory.com SageView Advisory Group, LLC is a Registered Investment Adviser.This report is for informational purposes only and is not a solicitation to invest. Advisory services are only offered to clients or prospective clients where SageView Advisory Group, LLC and its representatives are I EW properly licensed or exempt from licensure. Past performance is no guarantee of future results. No advice may be rendered by SageView - Advisory Group,LLC unless a client service agreement is in place.Please note that SageView Advisory Group nor any of its representatives give legal or tax advice.For complete details,consult with your tax advisor or attorney. Savvy Women , Smart Investors S/\GH Take charge of your financial future H \/\J Financial Fitness Life and careers looked very different for women just 50 years ago.Today, 49%of women are their family's primary breadwinner,and 51%are employed in management, professional, and related occupations.Those numbers will continue to grow as women become a bigger part of the workforce. Given their positions today, more and more women are also involved in their personal and family finances, making it increasingly important for women to know what could come up financially at every life stage. 1. CARE FOR YOUR CREDIT Start off on the right financial foot by establishing good credit and taking 4., great care of it. If you take on too much debt, it could be hard to rent an i �_4r 0 apartment, buy a home, get a loan or even get a job. 1 Pk 1 2.CREATE AND MAINTAIN A BUDGET 1 .# , Reducing your debt can also help improve your credit. Consider following the 50/30/20 rule: 50%of your income goes to necessities; 1 N) SARM 30%to wants and 20%allocated to savings, including saving for retirement. 1110..4 3. INVEST EARLY EARLY LIFE STAGE Saving 20%of your income can be tough in your early earning years, but even saving small amount sooner rather than later, and doing so regularly, could have a significant impact on your bottom line. _ 1. COMMUNICATE, COLLABORATE, COMPROMISE to ,6 # , > One of the big financial matters that comes at mid life is how to manage • money as a married couple.The most important thing to do here is work r i together and communicate.You don't have to agree on all things money- i 111101 related, but it's critical to be open and find some common ground. 2. FULLY SUPPORT YOUR SINGLE SELF it-. .m_Atio. - ilF If you're single,you're probably relying on just one income,so having some ell ., emergency cash stashed away is really important. Make sure you're also planning ahead for your healthcare expenses. 3.OPTIMIZE YOUR SAVING POTENTIAL MID-LIFE STAGE Regardless of whether you're single or married,saving as much as you can for the future should be top of mind. Be sure you're enrolled in your employer's retirement plan and that contributing enough to get the full company match if there is one. 1. PLAN TO MAKE YOUR MONEY LAST - . Outliving your money is probably the biggest risk that retirees face in '� retirement. Manage this risk through careful planning, including choosing a i realistic timeframe for how long your retirement money needs to last. For example, choose a realistic withdrawal amount from your retirement plan to ! ensure your money will last--experts agree withdrawing approximately i`i - i 3-4%of your retirement savings per year is a good place to start. a \ 1 L // I r 2.WOMEN WILL NEED MORE IN RETIREMENT Women face higher health-care costs because they live on average for two LATER LIFE STAGE years longer than men, not because they consume more health care in a typical year. SageView Advisory Group 1800.814.8742 I www.sageviewadvisory.com SageView Advisory Group LLC is a Registered Investment Advisor.Advisory Services are only offered to clients or prospective clients where SageView and its representatives are properly licensed or exempt from licensure.This document is solely for informational purposes.Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital.No advice may be rendered by SageView unless a client service agreement is in place. This flyer is designed to provide accurate and authoritative information on the subjects covered.It is not,however,intended to provide specific legal,tax,or other professional advice.For — specific professional assistance,the services of an appropriate professional should be sought. ADDENDUM ACKNOWLEDGEMENT FORM It is the Respondent's responsibility to ensure their receipt of all addenda,and to clearly acknowledge all addenda within their initial bid or proposal response. Failure to acknowledge each addendum may prevent the bid or proposal from being considered for award. Respondent shall acknowledge below the receipt of all addenda,if any. ADDENDUM NO. 1 _ DATED 04/11/22 ADDENDUM NO. 2 DATED 04/11/22 ADDENDUM NO. 3 DATED 04/19/22 ADDENDUM NO. 4 DATED 04/19/22 ADDENDUM NO. DATED ADDENDUM NO. DATED Respondent Name: Lisa Garcia,Retirement Plan Consultant,SageView Advisory Group Respondent Signature: t1 Respondent Address: 1645 Palm Beach Lakes Boulevard,Suite 1200,West Palm Beach, FL 33401 Respondent Email Address: Igarcia@sageviewadvisory.corn Respondent Phone Number: (407)791-3562 Date: 05/05/22 CONFLICT OF INTEREST CERTIFICATE Soliciatation No. 2021/2022-A01 Vendor must execute eitherSection 1 or Section II hereunder,as required by Florida Statutes 112.Failure to execute either section may result in the rejection of this bid/proposal. SECTION I I hereby certify that no official or employee of the Clay County Utility Authority(Authority),a special district in the State of Florida,requiri the good or services described in these specifications has a material financial interest in this company. /a ,/gvaL,- SageView Advisory Group Signature Company Name Lisa Garcia 1645 Palm Beach Lakes Blvd, Suite 1200 Name of Official(Type or Print) Business Address West Palm Beach, FL 33401 City,State,Zip Code SECTION Il I hereby certify that the following named public official(s)and/or employee(s) of the Authority having material financial interest(s)(in excess of 5 percent)in this company have filed a Conflict of Interest Statement with the Clay County Utility Authority,3176 Old Jennings Road,Middleburg,Florida 32068,prior to the time of bid opening. Name Title of Position Date of Filing tO Signature Company Name Name of Official(Type or Print) Business Address City,State,Zip Code Public Official Disclosure The Authority requires that a public official who has financial interest in a bid or contract make a disclosure atthe time that the bid or contract is submitted or at the time that the public official acquires a financial interest in the bid or contract.Please provide disclosure,if applicable,with bid_ Public Official Position Held Position or Relationship with Bidder DRUG FREE WORKPLACE COMPLIANCE FORM IDENTICAL TIE BIDS Preference shall be given to businesses with drug-free workplace programs. Whenever two or more bids which are equal with respect to price,quality,and service are received by the state or by any political subdivision for the procurement of commodities or contractual services,a bid received from a business that certifies that it has implemented a drug-free workplace program shall be given preference in the award process. Established procedures for processing tie bids will be followed if none of the tied Offerors have a drug-free workplace program. To have a drug-free workplace program,a business shall: 1) Publish a statement notifying employees that the unlawful manufacture,distribution,dispensing, possession, or use of a controlled substance is prohibited in the workplace and specifying the actions that will be taken against employees for violations of such prohibition. 2) Inform employees about the dangers of drug abuse in the workplace,the business's policy of maintaining a drug-free workplace, any available drug counseling,rehabilitation,and employee assistance programs, and the penalties that may be imposed upon employees for drug abuse violations. 3) Give each employee engaged in providing the commodities or contractual services that are under bid a copy of the statement specified in subsection (1). • 4) In the statement specified in subsection (1),notify the employees that,as a condition of working on the commodities or contractual services that are under bid,the employee will abide by the terms of the statement and will notify the employer of any conviction of,or plea of guiltyor nolo contendere to,any violation of chapter 893 or of any controlled substance law of the United States or any state, for a violation occurring in the workplace no later than 5 days after such conviction. 5) Impose a sanction on or require the satisfactory participation in a drug abuse assistance or rehabilitation program if such is available in the employee's community by,any employee who is so convicted. 6) Make a good faith effort to continue to maintain a drug-free workplace through implementation of this section. As the person authorized to sign the statement, I certify that this firm complies fully with the above requirements. 40 ia /104,0-6\ Offerors Signature LITIGATION DISCLOSURE FORM List any past and/or pending litigation or disputes which have arisen or have been asserted within the last five(5)years,related in any way to retirement plan fiduciary consulting services provided by your firm or its subsidiaries and/or affiliates. This list shall include the matter or dispute name,or case style, and the nature of the litigation or dispute. Dispute Name Case Number Court Nature of the Litigation or Dispute N/A to NON-COLLUSION AFFIDAVIT The undersigned being first duly sworn as provided by law, deposes,and says: 1. This Affidavit is made with the knowledge and intent that it is to be filed with the Clay County Utility Authority, Clay County, Florida and that it will be relied upon by said County, in any consideration which may give to and any action which it may take with respect to this Bid. 2. The undersigned is authorized to make this Affidavit on behalf of, SageView Advisory Group (Name of Corporation, Partnership,individual,etc.) A Corporation , formed under the laws of California of which he is Retirement Plan Consultant (Sole Owner,partner,president,etc.) 3. Neither the undersigned nor any other person,firm or corporation named in above Paragraph 2, nor anyone else to the knowledge of the undersigned, have themselves solicited or employed anyone else to solicit favorable action for this Bid by the Authority, also that no head of any department or employee therein,or any officer of the Authority,is directly interested therein. 4. This Bid is genuine and not collusive or a sham;the person,firm or corporation named above in o Paragraph 2 has not colluded,conspired, connived or agreed directly or indirectly with any bidder or person,firm or corporation,to put in a sham Bid,or that such other person,firm or _ corporation, shall refrain from bidding,and has not in any manner,directly or indirectly, sought by agreement or collusion,or communication or conference with any person, firm or corporation, to fix the prices of said proposal or proposals of any other bidder;and all statements contained in the proposal or proposals described above are true;and further, neither the undersigned,nor the person,firm or corporation named above in Paragraph 3,has directly or indirectly submitted said proposal or the contents th eof, or divulged information or data relative thereto,to any association or to any me r or agent t reof. (AFFIANT) TAKE.`,SWORN, AND SUBSCRIBED TO BEFORE ME this C day of Mai L‘ ,20 2L. Notary Public . Luis �• 8 .Jetist. ( ,rint,Type or Stamp Commissioned Name of Notary Public) ladowskoorawshiswoiliwowdraikaftabo 4404::, LUIS E.SANCHEZ 0 f rf' Notary Public•State of Florida f Commission a NH 062464 i '-of n. J My Comm.Expires Nov 11,2024 SWORN STATEMENT PURSUANT TO SECTION 287.133(3)(A), FLORIDA STATUTES,ON PUBLIC ENTITY CRIMES THIS FORM MUST BE SIGNED AND SWORN TO IN THE PRESENCE OF A NOTARY PUBLIC OR OTHER OFFICIAL,AUTHORIZED TO ADMINISTER OATHS. 1. This sworn statement is submitted to Clay County Utility Authority (print name of public entity) by Lisa Garcia,Retirement Plan Consultant (print individual's name and title) whose business address is 1645 Palm Beach Lakes Blvd,Suite 1200,West Palm Beach,FL 33401 and(if applicable) its Federal Employer Identification Number(FEIN) is 33-0818667 (If the entity has no FEIN, include Social Security Number of the individual signing this sworn statement: 2. I understand that a"public entity crime"as defined in Paragraph 287.133 (1)(G), Florida Statutes means a violation of any state or federal law by a person with respect to and directly related to the transaction of business with any public entity or with an agency or political subdivision of any other state or of the United States, including,but not limited to,any bid or contract for goods or services to be provided to any public entity or an agency or political subdivision of any other state or of the United States and involving antitrust,fraud,theft, bribery, collusion,racketeering,conspiracy, or material misrepresentation. ° 3. I understand that "convicted" or "conviction" as defined in Section 287.133 (1) (b), Florida Statutes, means a finding of guilt or a conviction of a public entity crime, with or without adjudication of guilt, in any federal or state trial court of record,relating to charges brought by indictment or information after July 1, 1989,as a result of a jury verdict, non jury trial,or entry of a plea of guilty or nolo contendere. 4. I understand that an"affiliate"as defined in Paragraph 287.133 (1)(A), Florida Statutes, means: a. A predecessor or successor of a person convicted of a public entity crime;or b. An entity under the control of any natural person who is active in the management of the entity and who has been convicted of a public entity crime. The term "affiliate" includes those officers, directors,executives,partners,shareholders,employees,members,and agents who are active in the management of an affiliate. The ownership by one person of shares constituting a controlling interest in another person,or a pooling of equipment or income among persons when not for fair market value under an arm's length agreement,shall be prima facie case that one person controls another person. A person who knowingly enters into a joint venture with a person who has been convicted of a public entity crime in Florida during the preceding 36 months shall be considered an affiliate. 5. I understand that a"person" as defined in Paragraph 287.133 (1)(E),Florida Statutes, means any natural person or entity organized under the laws of any state or of the United States with the legal power to enter into a binding contract and which aids or applies to bid on contracts for the provision of goods or services led by a public entity, or which otherwise transacts or applies to transact business with a public entity. The term "person" includes those officers, directors, executives, partners,shareholders,employees,members,and agents who are active in management of an entity. 6. Based on information and belief,the statement which I have marked below is true in relation to the entity submitting this sworn statement. [Indicate which statement applies.] 00420-1 [Insert Project No.] PUBLIC ENTITY CRIMES FORM [Insert Project Name] [Insert Prepared Date ❑■ Neither the entity submitting this sworn statement nor any of its officers, directors, executives, partners, shareholders,employees,members,or agents who are active in the management of the entity,nor any affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. The entity submitting this sworn statement, or one or more of its officers,directors,executives, partners, shareholders,employees, members or agents who are active in the management of the entity, or an affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. ❑ The entity submitting this sworn statement, or one or more of its officers,directors, executives, partners,shareholders,employees, members, or agents who are active in the management of the entity, or an affiliate of the entity has been charged with and convicted of a public entity crime subsequent to July 1, 1989. However, there has been a subsequent proceeding before a Hearing Officer of the State of Florida Division of Administrative Hearings and the Final Order entered by the Hearing Officer determined that it was not in the public interest to place the entity submitting this sworn statement on the convicted vendor list. (Attach a copy of final order) I UNDERSTAND THAT THE SUBMISSION OF THIS FORM TO THE CONTRACTING OFFICER FOR THE PUBLIC ENTITY IDENTIFIED IN PARAGRAPH 1 (ONE)ABOVE IS FOR THAT PUBLIC ENTITY ONLY AND, THAT THIS FORM IS VALID THROUGH DECEMBER 31 OF THE CALENDAR YEAR IN WHICH IT IS FILED. I ALSO UNDERSTAND THAT I AM REQUIRED TO INFORM THE PUBLIC ENTITY PRIOR TO ENTERING INTO A CONTRACT IN EXCESS OF THE THRESHOLD AMOUNT PROVIDED IN SECTION 287.017,FLORIDA STATUTES FOR CATEGORY TWO OF NY CHANGE IN THE INFORMATION CONTAINED IN THIS FORM. ii,,,(A-6. (Si t r (Date) STATE OF -I'lv a I INI.• COUNTY OF 0a.o0Gs Sworn to(or affirmed)and subscribed before me by means of[physical presence or 0 online notarization, on this Z s day of APR!t. • , 20 2Z, by t(sn GQR crA- (name of individual signing),who is personally kno ' • to me or who produced A, vi• as identification. 14)My commission expires: OTARY PUBLIC Niparaibribrill 'I int Name: (jj,S s ' & J 0 fist 4 n4¢. LUIS E.SANCHEZ +� < <•1 Notary Public-State of Florida �?.°' Commission U HH 062469 °``` My Comm.Expires Nov 11,2024 00420-2 [Insert Project No,] PUBLIC ENTITY CRIMES FORM [Insert Project Name] [Insert Prepared Date PUBLIC RECORDS COMPLIANCE ACKNOWLEDGEMENT Bid No. 2021/2022-A08 Vendor must execute this form. Failure to submit this form shall result in rejection of this bid. I hereby agree that our firm or organization,employees, subcontractors and for those I am legally liable shall comply with Chapter 119.071(3), Florida Statutes, and will not divulge, furnish or make available to any third person, firm or organizations hereunder, or in the course of judicial or legislative proceeding where such information has been properly subpoenaed,any non-public information concerning the services to be rendered by the firm or organization,any sub-vendor(s), or subcontractor(s),pursuant to this Agreement. Subject to the foregoing provisions and law applicable to confidential information, SageView Advisory Group shall keep and maintain public records required by the Authority, which is a public agency, in order for the firm or organization to perform services and the work required by the Scope, and upon request from the Authority's custodian of public records,firm or organization shall provide the Authority with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter119.07,Florida Statutes, or as otherwise provided by law. The firm or organization shall require all its employees, sub vendors(s) and subcontractor(s)to comply with provisions of this paragraph. to k, SageView Advisory Group Signature Company Name Lisa Garcia 1645 Palm Beach Lakes Blvd, Suite 1200 Name of Certifying Official Business Address (Type or Print) West Palm Beach, FL 33401 City, State, Zip Code