Document

Individual. In order to help you get ready for

your retirement goals, your employer has

established a voluntary 403(b) plan that allows

all eligible employees to participate through

payroll reductions. Contributions are

calculated and deducted before taxes, and

your contribution is sent to the investment

provider of your choice on your behalf. All you

have to do to participate is complete a Salary

Reduction Agreement for your employer and a

few enrollment documents with the

investment provider company to open your

account with them directly.

Your employer has contracted with U.S. OMNI & TSACG Compliance Services to be the Administrator of these voluntary retirement plans, and we provide several additional online services for your convenience including the following:

• Employer Specific Web pages - U.S. OMNI & TSACG Compliance Services provides employer specific web pages on https://www.tsacg.com that list the authorized investment providers in the Plan(s) as well as other information pertinent to your employer.

• Financial Wellness Center - Explore articles and videos on retirement and day-to-day preparations as well as utilize budgeting calculators to see how much you might need when you retire and so much more.

• Online Distribution System – Use this system to obtain approval for an allowable distribution transaction. Approval certificates are provided for combination with your investment provider’s forms for submission to their offices.

This book contains valuable information on your employer’s available plans as well as other important information to help you make the most out of your participation. Once you have read through this information, please keep your book in a safe location for reference throughout the year.

Please visit U.S. OMNI & TSACG Compliance Services website

to view online video presentations about the different types of

retirement plans and the benefits of participation. You will

also find (if applicable) salary reduction forms needed for

beginning, stopping, or changing a contribution amount on

your employer specific page.

https://www.tsacg.com

Most employees are eligible to participate in the 403(b) plan upon hire. However, if you are a private contractor, trustee, school board member, and/or student worker, you are not eligible to participate in the 403(b) plan. If you participate in a supplemental retirement plan through your employer, you are fully vested in your contributions and earnings at all times.

Are you ready to take action?

Once you are ready to participate in your employer's 403(b) plan, you should research the authorized Investment Provider(s) and Investment Product(s) available to you. Choose an investment product(s) that is suitable to help you meet your retirement goals and contact an Investment Provider Representative (if applicable) to open an account. You may only choose from Providers that are authorized under your employer’s plan. A current list of your authorized Investment Providers is located at: https://www.tsacg.com/individual/plan-sponsor.

How do you enroll?

After establishing your retirement account, you must complete a Salary Reduction Agreement (SRA) form for your 403(b) account, and/or a Deferred Compensation enrollment form for your 457(b) account. These forms authorize your employer to withhold contributions from your pay, and send the funds to your selected Investment Provider on your behalf.

The SRA form and/or Deferred Compensation enrollment form is necessary to begin or modify contributions, change allocations between Investment Providers, change the total amount of contributions, or end payroll contributions. These forms are available for download or printing at: https://www.tsacg.com/individual/plan-sponsor .

Please be aware that submitting a SRA form does not open an account with the selected Investment Provider. You must contact an Investment Provider Representative/Investment Provider to open an account with your selected Investment Provider prior to submitting a SRA form.

The total annual amount of your contributions must not exceed the Maximum Allowable Contribution (MAC) calculation. The Internal Revenue Service regulations limit the amount participants may contribute annually to tax-advantaged retirement plans. For your convenience, the 2022 MAC limits are printed within this guide and a MAC calculator is

4 INVESTMENT PRODUCTS

There are several types of investment products for tax-advantaged retirement savings. For PROOF

some employees, the assistance of an investment advisor can be very helpful in understanding how a particular investment product may help you reach your future financial goals and suggest a financial plan (or combination of investment products) suitable to your risk tolerance. The three main types of investment products that may be available through your employer are explained below. Make sure that the investment product you choose fits your timeframe, risk tolerance and financial needs.

What are fixed and variable annuities?

Fixed annuities usually provide for safety of principal and a current interest crediting rate. Variable annuities usually offer both a fixed interest account along with separate accounts that are invested in bond and/or equity markets.

What are service based mutual funds and custodial accounts?

Service Based Mutual Funds are offered by investment management companies and brokerage firms. Participants may direct their contributions to various investment portfolios, which are professionally managed by fund managers. Investment portfolios can include funds from a single fund family or consist of a platform that spans several fund families on a single statement. These mutual funds include fees to pay investment advisors to assist you with your investment choices and/or financial planning.

What are no-load/low fee mutual funds?

Self-directed Mutual Funds are investments that apply no sales fee to the market-based mutual funds offered, though ongoing investment management fees are charged to the funds selected. These funds are for individuals who do not wish to utilize the services of a local investment advisor. Participants direct the investments among the choices provided by the fund company with these investment products. You can contact the company by calling a toll-free phone number and/or online access.

It is important to understand the investment product prior to investing. A prospectus or other specific material will list the investment’s objective along with any associated fees and charges.

Employer policy and administrative requirements allow Investment Providers who meet certain standards and qualifications to provide retirement accounts to employees. The Investment Providers listed on your employer's authorized Investment Provider page located at: https://www.tsacg.com qualify under the guidelines established by your employer. This list does not reflect any opinion as to the financial strength or quality of product or service for any Investment Provider. Please be aware that this authorized Investment Provider list could change during the year, so please check your employer's specific pages at:

https://www.tsacg.com regularly for updates.

INVESTMENT FEES 5

PROOF

When choosing an investment product it is important to know how fees associated with your product can affect your return.

Identify the fees, sales charges or administrative expenses associated with the account, such as: Disclosure of Fees – Investment providers are required to disclose any fees associated with an investment product. This information may be included in an annuity contract, custodial agreement and/or a Prospectus. So, it is important to read these documents and ask your investment provider to explain each fee that is associated with your account.

Below are a few of the types of fees that are commonly charged. Investment costs, or fees, are usually deducted from the funds in your account.

• Annuity Contract Fee – Usually applies to certain variable annuity products and may be a fixed annual fee. This fee may not apply once your account reaches a certain accumulation balance.

• Custodial Fee – Charged each year by the custodian for holding mutual funds in your account.

• Expense Fee – Charges for investment management, administration, and distribution services associated with investment management of each mutual fund.

• Mortality and Expense Fee (M&E) – Applicable to variable annuities and expressed as a percentage of assets charged each year.

• Wrap Fee – May be added to mutual fund accounts to pay for advisor services. • Transfer Fee – An amount charged for transferring your funds within a mutual fund family or to another fund.

You may also consider asking the following questions, as well as any others you may have, to help you evaluate what product is best for you.

How are the fees and expense charges applied?

Find out if they are charged to each contribution or to the account balance, etc.

Are surrender charges applicable to each payment or to the total account balance? How long does the surrender charge apply? Are surrender charges level, rolling or declining?

Withdrawal or Surrender Fee – Usually charged during the first few years after creation of your account or after each deposit and applicable only if you withdraw funds or exchange/transfer funds from your account.

What is the minimum interest rate and current rate of return for interest bearing accounts?

Rates will vary for different investment products, so ask your investment provider for further information.

What is the historical rate of return for interest bearing accounts, sub-accounts or funds?

Last twelve months and annual average for the last three, five and ten years, if applicable.

Be advised that the fees listed above are not intended to be a complete list of possible fees. Further, there are no investment products that are completely “fee-free” due to the fact that all investment products must be manufactured, managed, and administered by some entity.

6 403(b) ACCOUNTS 7 NOTES

PROOF

What are the Benefits of a 403(b) Plan?

Traditional and Roth 403(b) accounts offer similar benefits comparatively but are very different regarding federal tax treatment. During your career, you may participate in either or both of these account types.

1) Contributions Deposited into Individual Accounts - You own your account and make all decisions concerning the amount of your retirement savings contributions. 2) Convenience of Payroll Contributions - Your employer sends each of your contributions to your selected provider company for deposit.

3) High Annual Contribution Limits - For 2022, employees can contribute up to $20,500 to their 403(b) account. Some employees may qualify for other additional amounts. Information concerning these additional amounts is provided within this Guide.

4) Flexible Contributions - You may change the amount of your contribution during the year as allowed by your employer.

5) Benefits Paid to Your Beneficiary at Death - All funds in your account are payable to your beneficiary upon your death.

It is important to note that both traditional and Roth 403(b) accounts are designed for long-term accumulation. You should consult with your financial advisor or tax consultant to determine the potential advantages of traditional and Roth 403(b) accounts.

How are 403(b) account contributions made?

Contributions made to a traditional 403(b) account are pre-tax reductions from your paycheck. Therefore, your income tax is reduced for every payroll contribution you make. Any earnings on your deposits are tax-deferred until withdrawn, usually during retirement. All withdrawals from traditional 403(b) accounts are taxed during the year of the withdrawal at your income tax rate applicable for that year.

How are Roth 403(b) account contributions made?

Contributions made to a Roth 403(b) account are after-tax deductions from your paycheck. Income taxes are not reduced by contributions you make to your account. All qualified distributions from Roth 403(b) accounts are tax-free. Any earnings on your deposits are not taxed as long as they remain in your account for five years from the date that your first Roth contribution was made. Distributions may be taken if you are 59½ (subject to plan document provisions) or at separation from service.

~~PROOF~~

8 HELPFUL WEBSITES 9 FREQUENTLY ASKED QUESTIONS

PROOF

These sites are provided to give you access to

PROOF

additional information concerning your retirement options.

U.S. OMNI & TSACG Compliance Services

https://www.tsacg.com

Obtain employer specific forms, the most up-to-date list of

authorized investment providers, benefit information, and more.

A.M. Best Company

www.ambest.com

A good source of information on company ratings, products, and news.

Administration on Aging

https://acl.gov

Pertinent information on retirement, Medicare, and other concerns for retirees.

Choose to Save

www.choosetosave.org

Valuable information about saving for retirement.

Employee Benefit Research Institute

www.ebri.org

Provides information on employee benefit programs.

Employee Benefits Security Administration

www.dol.gov/ebsa

Information on pensions, COBRA, Plan Sponsors, Compliance, Fraud and more.

Internal Revenue Service

www.irs.gov

Your #1 Source for tax information including changes to the tax code.

Morningstar

www.morningstar.com

Follow information on stocks, funds, and factors affecting the stock market.

Social Security Administration

www.ssa.gov

Find answers to all your questions concerning Social Security.

Standard and Poors Company

www.standardandpoors.com

A good source of information on company ratings, fund information, indices, and more.

U.S. OMNI & TSACG Compliance Services does not offer investment advice, sell or market any investment/insurance products.

What is “the plan” ?

The plan encompasses the provisions of a 403(b) arrangement whereby employees may contribute and accumulate savings on a tax favored basis through their paycheck. The provisions of the plan are defined by a plan document that is adopted by the Plan Sponsor, or employer, and qualifies under Internal Revenue Service (IRS) guidelines. These provisions are outlined in this Guide to assist you in understanding how to better utilize this important employee benefit. The plan also lists the Investment Providers that your employer has authorized to provide 403(b) accounts.

What are account accumulations?

Account accumulations are the funds, plus any earnings, in your retirement account(s) that have grown as you continually contribute to your account.

Who is a participant?

If you decide to contribute to a personal retirement plan, you become a participant of that plan.

What is a Plan Sponsor?

The entity (generally your employer) that established and maintains the retirement plan is considered the Plan Sponsor.

What is an Investment Provider?

In this Guide, an Investment Provider refers to companies that are authorized in your employer's plan to offer you retirement products such as mutual funds and/or annuities.

What is a Plan Administrator?

A Plan Administrator is responsible for processing your transactions, maintaining records, and keeping your employer's Plan in compliance with IRS Regulations. Your employer's Plan Administrator is U.S. OMNI & TSACG Compliance Services.

Why are transaction requests submitted to the Plan Administrator? IRS regulations require that the Plan Sponsor review all transaction requests to ensure that they are permitted by the provisions of the plan. On behalf of your Plan Sponsor, U.S. OMNI & TSACG Compliance Services' professionally trained staff reviews these transactions to ensure they are compliant with regard to both plan provisions and IRS regulations.

What is a MAC?

Your Maximum Allowable Contribution (MAC) is the total amount you are allowed to contribute to your retirement account each year. This amount is based on IRS regulations and the provisions of your employer's plan. Additional information about the MAC limits are explained on the MAC page within this Guide.

What is the difference between an exchange and a rollover?

An exchange is the movement of your account from one Investment Provider to another Investment Provider in the plan while employed. A rollover is the movement of your account out of the plan to another retirement plan or account at separation of service or attainment of age 59½.

10 MAC LIMITS 11 DISTRIBUTION TRANSACTIONS

MAC limit for:

Your Age (at end of year): 35

Years with Your Employer (as of 12/31/2022)*: Under 15 Years

PROOFCan distributions be taken?

participants are reported annually by the provider on IRS Form 1099R. PROOF

*Reflects Under or Over 15 years only - Retirement System years not applicable.

The Maximum Allowable Contribution (MAC) chart shows what you are allowed to contribute toward your retirement plan(s) this calendar year.

U.S. OMNI & TSACG Compliance Services certifies that the calculation meets the IRS guidelines only for the year it was calculated, assuming that all information provided by the employee and/or the employer is accurate and complete.

403(b) Limit

Typically, participants may not take a distribution of plan accumulations without tax penalty unless they have attained age 59½ or separated from service in the year in which they turn 55 or older. The Internal Revenue Service regulations restrict other 403(b) plan distributions.

When are distributions permitted?

Generally, a distribution cannot be made from a 403(b) account until you:

Basic Annual Limit for 2022:

The 2022 calendar year limit for 403(b) elective deferrals is defined as up to 100% of includible compensation up to $20,500.

Service-Based "Catch-up" Limit*:

Your eligibility for this election: Not Eligible

402(g) - Employees with fifteen or more years of service with their current employer may be eligible for a special higher 403(b) annual limit of up to $23,500 ($3,000 additional per year). To qualify, a participant's prior average annual contributions must not exceed $5,000 per year (total cumulative prior contributions divided by past years of service with current employer). This extra annual amount of up to $3,000 per year is capped at a cumulative limit of $15,000. The participant's age is not a factor for determining eligibility for this higher limit. NOTE: If you have reached the cumulative limit, you are not eligible to contribute additional funds based on the Service-Based Catch-up option.

Age-Based Additional Amount: (age 50 or older):

Employees who are age 50 or older by December 31, 2022, may contribute up to an additional $6,500 above the 403(b) basic annual limit of $20,500 for a total of $27,000. The participant's years of service with the employer is not a factor in determining eligibility for this higher limit.

Your 2022 Maximum Total Contribution Limit is: Contribution Accounting Formula

$20,500.00 $0.00

$0.00

$20,500.00

• reach age 59½;

• have a severance from employment;

• are deceased;

• become disabled;

• in the case of salary reduction contributions, encounter a specific financial hardship; or • have a qualified reservist distribution.

In addition to the information provided in this section, the IRS makes available at www.irs.gov several publications which speak to retirement plan transactions and taxation. These publications include the following:

• 571 - Tax Sheltered Annuity Plans (403(b) Plans) For Employees of Public Schools and Certain Tax-Exempt Organizations;

• 575 - Pension and Annuity Income.

Are there any taxes on distributions?

Yes, a distribution from a traditional 403(b) account is generally taxed as ordinary income in the year it is issued. There are specific federal tax-withholding rules that apply to all distributions from retirement savings and investment plans. The taxes on plan distributions can be complex. For these reasons, if you are considering a distribution from your account, you are encouraged to seek professional tax advice. If you choose to take a distribution, you are responsible for satisfying the distribution rules and for any tax consequences. Distributions to

• Calendar year contributions are first applied toward the participant's Basic Annual Limit for that year.

• Calendar year contributions that exceed the Basic Annual Limit are applied toward any eligible Service-Based "Catch-Up" limit.

• Calendar year contributions that exceed the Basic Annual Limit plus the Service-Based limit are applied towards any eligible Age-Based Addition limit.

NOTE: Employees who maintain and contribute to both a 401(k) and 403(b) account during the same calendar year are subject to a combined maximum limit on contributions even if the plans are maintained by separate employers. Participants should seek further information regarding their MAC limit each year from their account representative or professional advisor. NOTE: Incomplete historical contribution data may require contact with your agent or company representation to determine your eligibility for this additional amount.

Some provisions above may not be available under your employer's plan and/or your investment contract.

12 13 DISTRIBUTION TRANSACTIONS DISTRIBUTION TRANSACTIONS

PROOF

Can loans* be taken out on a 403(b) account?

PROOF

Depending on the provisions of your 403(b) account contract and the provisions of the employer's plan, you may be eligible to take a loan from your 403(b) account.

If available, general-purpose loans are generally granted for a term of five years or less, and loans taken to purchase a principal residence may be longer than five years.

Details and terms of a loan are established by the provider and/or the plan. Participants must repay loans through regular payments as directed by the provider and/or the plan. Loans are generally not permissible to participants who have an outstanding defaulted loan in any retirement plan maintained by the employer.

Can retirement account balances be exchanged?*

Participants may exchange retirement account balances from one 403(b) investment provider to another 403(b) investment provider that is authorized under the plan; however, there may be limitations affecting exchanges, and participants should be aware of any charges or penalties that may exist in individual investment contracts prior to exchange.

When do the required minimum distributions begin?

Participants must begin receiving minimum distributions from the Plan by April 1 following the year you turn age 72, or if later, the year in which you retire.

What is a qualified domestic relation order?

A Qualified Domestic Relation Order (QDRO) is a legal judgment, decree or order that provides a participant's spouse, former spouse, child, or dependent with all or a portion of the participant's retirement account balance.

What is a Rollover?*

Participants may move funds from one qualified plan account, i.e. 403(b) account, 401(k) account or an IRA, to another qualified plan account at age 59½ or when separated from service. Rollovers do not create a taxable event.

* Some provisions above may not be available under your employer's plan and/or your investment contract.

What is a plan-to-plan transfer?*

The term plan-to-plan transfer means that the participant is moving his or her 403(b) and/or 457(b) account from one sponsor's plan and retaining the same account with the authorized investment provider under the new plan sponsor's plan.

Can retirement account balances be used to purchase service credit? If allowable by your state retirement system and if you are eligible, you may be able to use your retirement account balances to purchase service credits for state retirement. Contact your state retirement system for additional information.

When can hardship withdrawals for 403(b) plans* be taken?

You may be able to take a hardship withdrawal in the event of an immediate and specific heavy financial need. To be eligible for a hardship withdrawal according to IRS Safe Harbor regulations, you must verify and provide evidence that the distribution is being taken for one or more of the following six reasons: 1. eligible medical expenses; 2. the purchase of a principal residence (excluding mortgage payments); 3. tuition payments and/or room and board for the next 12 months of post-secondary education for the participant, his/her spouse or dependents; 4. payments necessary to prevent foreclosure on the mortgage of, or eviction from, a principal residence; 5. funeral expenses for a family member; or 6. loss or damage as a result of a natural disaster (for example, an earthquake).

* Some provisions above may not be available under your employer's plan and/or your investment contract.

14 TRANSACTION PROCEDURES

Online Distribution System

PROOF U.S. OMNI & TSACG Compliance Services' Online Distribution System (ODS) is the fastest and

TRANSACTION PROCEDURES 15

For those opting not to utilize the Online Distribution System, the Transaction Information form is required to accompany your investment provider's paperwork for submittal to U.S. OMNI & TSA

PROOF

Compliance Services), and it can be downloaded from https://www.tsacg.com/forms/. U.S. OMNI & TSACG Compliance Services requires the following forms and documentation with faxes and mailed transaction paperwork in order to process the transactions as listed below:

easiest way for authorization of a distribution from your account. This online resource is accessible to all participants and employers through U.S. OMNI & TSACG Compliance Services' Online Distribution System website located at: https://transaction.tsacg.com.

Distribution transactions may include loans, transfers/exchanges, rollovers, hardship withdrawals, QDROs, or cash distributions.

By using ODS, approval certificates for allowable transactions may be provided immediately for submission to your Investment Provider. Transactions such as hardships, which require additional documentation and information, can be initiated online for expedited completion. Only transactions allowed by your employer's plan can be processed. Transactions can be submitted 24 hours a day, 7 days a week for your convenience.

For those who would prefer to submit a transaction via fax or mail, U.S. OMNI & TSACG Compliance Services has the necessary forms available online to complete a plan transaction. These forms can be accessed on U.S. OMNI & TSACG Compliance Services' website at: https://www.tsacg.com.

Transaction Forms for Manual Submission

While ODS is the fastest and easiest way to receive authorization of a distribution from your account, we understand that some Investment Provider paperwork requires a manual signature. For those transactions that cannot be submitted through ODS, we require that our Transaction Information Form be included with the submission of your Investment Provider’s paperwork. The Transaction Information Form is available online at:

https://www.tsacg.com/forms.

Carefully reviewing all documentation, verifying that you have signed all necessary forms, and verifying that you have included any necessary evidence will help U.S. OMNI & TSACG Compliance Services avoid delays that are caused by incomplete documentation.

Submitting Forms to U.S. OMNI & TSACG Compliance Services

For manual transactions that require the original signature, please mail to the following address:

U.S. OMNI & TSACG Compliance Services

Attn: Participant Transaction Dept.

P.O. Box 4037

Fort Walton Beach, FL 32549

For assistance with transactions, please call 1-888-796-3786 and select option 4.

TRANSACTION

REQUESTED

Contract Exchanges, Rollovers - incoming and outgoing

Transfers

403(b) Hardship Withdrawals

403(b) Loans

403(b) Cash Withdrawals (due to qualifying event only; i.e. age 59 1/2 or a separation from service)

Transfer - Purchase of

Service Credit

FORMS NEEDED FOR PROCESSING