Page 69 - Down East Wood Ducks 2022 Benefits Guide

Your Investment Options

Your accounts will be invested automatically in the default investment option, which is the Moderately Conservative Model
Portfolio. However, you have the right to direct the investment of all of your plan accounts.
The Plan offers these approaches to investing:
▶ Model Portfolios. Designed by experts to meet different investing styles, Model Portfolios are created from the investment
funds available in the Plan. The Model Portfolio that works best for you depends on the amount of time you have until
retirement and how you feel about investment risk.

▶ Custom Investment Portfolio. You design your own asset allocation. You may choose to invest in any combination of
the Plan’s investment options, which represent a broad range of risk and return characteristics within various asset classes.

Loans
You may borrow a minimum of $1,000 and a maximum of up to 50% of your vested account balance or $50,000, whichever
is less. You may have no more than 3 outstanding loans at any time. A loan setup fee of $50 per loan is deducted from the
requested loan amount; a $4 monthly fee is included in your loan repayments. Log in to MillimanBenefits.com to model or to
request a loan.

In-Service Withdrawals
The Plan provides for in-service withdrawals, which means you may be able to take money from the Plan while you are still
employed. Details are provided in the Plan Summary or at MillimanBenefits.com.

Distributions

Should you leave employment:
▶ If your vested account balance is less than $1,000, you will automatically receive a lump sum distribution.
▶ If your vested account balance is at least $1,000 but less than $5,000 and you do not elect otherwise, your account will be
transferred to a Charles Schwab Individual Retirement Account (IRA) and will be deposited into an FDIC-insured bank account.
You will receive information directly from Charles Schwab on how to access your IRA. You will be able to direct the investment
of your Charles Schwab IRA account once you complete an Account Activation Agreement online at schwab.com. If you
have any questions, Schwab representatives are available Monday through Friday from 6 a.m. to 10 p.m. Central time
at 1.800.724.7526.
▶ If your vested account balance is $5,000 or more, you may choose one of the following options:
▶ Leave your money in the Plan.
▶ Take a lump sum distribution.

▶ Take a partial distribution.