HARDPROVIDING A TOP QUALITY

UNION RETIREMENT PLAN CAN BE

MANAGING A RETIREMENT PROGRAM FOR UNION WORKERS CAN BE A COMPLEX THING.

THE NATURE OF A LOT OF UNION JOBS MEANS WORKING FOR MULTIPLE EMPLOYERS WITH STRETCHES OF DOWNTIME IN BETWEEN.

ADD TO THAT A SEA OF REGULATORY ISSUES, AND IT’S NO WONDER CHANGING YOUR CURRENT RETIREMENT PLAN CAN SEEM

HARD

AT PRUDENTIAL RETIREMENT®, WE BELIEVE IT’S OUR RESPONSIBILITY TO PROVIDE SOLUTIONS THAT HELP YOUR MEMBERS ACHIEVE A SECURE FUTURE.

WE DO EVERYTHING IN OUR POWER TO MAKE PROVIDING A QUALITY RETIREMENT PLAN

EASY

2 3

4 5

We service 206 different plans for our

Taft-Hartley clients, representing over

25 different union trades.

With over 60 years of experience

partnering with unions, we’re the

number 1 provider of Taft-Hartley plans.1#1206PLANS

460,000 Taft-Hartley members trust

us with their retirement plans.2460,000MEMBERS

We’re the number one provider of retirement plans to unions for a reason.1

Simply put, we understand you. We understand your unique challenges. And that the nuances of administering Taft-Hartley plans can be hard.

We also understand that changing your retirement program isn't something you want to do twice.

At Prudential, we have a track record of more than 60 years of partnering with unions. We take the same pride in protecting the future of your members as you do.

Because after all, America’s greatest labor force should be able to look forward to a comfortable retirement with confidence. They’ve earned it.

DO IT RIGHT.DO IT ONCE.

TAFT-HARTLEY BY THE NUMBERS

HARD

EASY

Training and education have always been the backbone of a strong union. The same holds true for union retirement plans. The more your members are educated on the subject of retirement, the more likely they are to be able to retire with confidence.

NOT JUST STRONG. UNION STRONG.

At Prudential, we’ve created a unique set of tools to help your members plan for the future. Working with a team of behavioral scientists, we set out to identify some of the behavioral challenges that keep individuals from engaging with their plan.

The resulting methods have led to significant improvements in member participation. Our process begins with member outreach, and when we all work together, it ends with more secure financial futures. You can learn more about the components of our behavioral approach by visiting our challenge lab at bringyourchallenges.com.

TEACHING YOUR MEMBERS TO RETIRE STRONG.

NEGOTIATING UNION LABOR CONTRACTS

SWITCHING TO A RETIREMENT COMPANY THAT'S THE #1 PROVIDER OF TAFT-HARTLEY PLANS1

6 7

Member Journeys: How we make it easier for them to retire.

APPRENTICE

8 9

Alicia, age 21

Alicia is in her second year of a five-year apprenticeship. To say that retirement

is the last thing on her mind might be an overstatement, but right now she’s

focused on other things—saving for a car, putting enough aside to get her own

apartment and taking a little time to enjoy life.

However, during a site visit by Prudential, Alicia was introduced to Prudential’s Online Engagement Tools. Since then, a series of webinars have convinced

her that it’s important to contribute as much as she can to her retirement plan

starting right now.

Her time spent on the website taught her an invaluable lesson: The young

Alicia takes care of the old Alicia.

ONLINE ENGAGEMENT TOOLS To help members better engage with their plan, we provide a series of educational webinars along with personal account

access through a simple, intuitive web portal.

PRE-RETIREE

James, age 58

James has had a long and successful union career. His work is steady

and throughout the years, he has consistently monitored and adjusted the

investments in his retirement account.

Recently James had been eyeing a brand new fishing boat to buy once he’s able

to access the funds in his DC account. Fortunately, he first met with a Taft-Hartley Prudential Retirement Counselor who walked him through why it’s smart to keep

those funds in the plan to use toward his retirement years.

After one eye-opening consultation, he saw that his retirement savings are

best used for retirement expenses, not retirement luxuries.

RETIREMENT COUNSELORS We don’t expect your members to be retirement

experts. We have people for that.

10 11

JOURNEYMAN

Jerome, age 32

After ten years on the job, Jerome is making a good, mid-level wage.

Throughout his career, he’s been confident in his retirement plan, but recently

he was engaged to be married and now he’s got questions: Should his

contributions change as a married person? What about asset allocation? What

happens when he has kids?

Jerome ended up using the Prudential Retirement Income Calculator which

generated a personalized action plan. He found that although things change

in life, Prudential is right there to help make managing it easy.

RETIREMENT INCOME CALCULATOR An award-winning, easy-to-use modeling tool that helps

your members picture their retirement.

RETIREE

Gary, age 65

Gary always promised his wife Beth he’d retire when he was 65. As much as

he loved his work, after 44 years on the job, he was ready for a little downtime.

Gary and Beth plan to pack their bags and see America, but first they need to

figure out how the money’s going to work.

Gary knows he can expect a steady income stream from his DB plan, a

payout from his DC plan and a benefit from Social Security. A quick call to

the Prudential Participant Service Center answered some key questions

which gave him the information he needed to draw a financial roadmap. After

consulting with a Prudential Retirement Counselor, Gary and Beth are finally

prepared to hit the road.

PARTICIPANT SERVICE CENTERA dedicated center your members can call to

get their retirement questions answered.

BEING AT THE JOB READY TO WORKAT 7:00 AM IN THE POURING RAIN

FINDING A COMPANY THAT CAN HELP YOUR MEMBERS RETIRE SECURELY

12 13

HARD

EASY

Inspiring people to invest in a retirement plan is a big responsibility. You’re asking your members to trust you with their financial future. So it’s important to choose a provider that’s going to bring you the type of investments that are going to be the best choice for the long-term.

That’s why we not only offer an open architecture investment platform with options across a diverse range of investment funds, managers and asset classes, but we deliver those investments in a way that match your member’s needs.

Our approach to investing is based on a few core understandings:

♦ Risk tolerance can vary greatly from one member to another

♦ Diversification is core to a long-term investment strategy

♦ Smart long-term investments (like Prudential’s #1 ranked

customizable Stable Value Solutions), need to be part of a

long-term strategy3

A HIGH QUALITY WORKFORCE DESERVES HIGH QUALITY INVESTMENTS.

The flexibility to invest in outside mutual funds traded

by the National Securities Clearing Corporation (NSCC)

A company ranked #1 in Stable Value assets with over 40 years experience in the

Stable Value market3

A top 10 worldwide institutional

money manager3

An experienced partner with more than $1.2 trillion in assets under management3

WHAT YOU GET WHEN YOU CHOOSEPRUDENTIAL RETIREMENT

14 15

$1.2TRILLION

TOP

10#1

Lifetime Income Guarantee

As your members prepare for and enter retirement, a guaranteed lifetime income

solution works with their chosen asset allocation solution to protect their income from downside risk. Once retired, they’re

guaranteed an income stream for life, which makes for the pension-like experience.

An additional fee of about 1% will apply to those assets.

Member chooses the fund closest to their desired retirement date, and the fund reallocates assets along the way to optimize growth.

An innovative program provides a suitable investment allocation

portfolio by utilizing the member's risk tolerance, time horizon and your plan's underlying investments,

automatically adjusting and rebalancing allocations over time.

Member gets a personalized retirement strategy, discretionary asset management and ongoing oversight from an investment professional.

Less

Per

sona

lized

Mor

e Pe

rson

aliz

ed

Target-Date Funds

Integrated Asset Allocation

Program

Professional Guidance

HOW DO YOU MAKE TODAY’S RETIREMENT PLAN FEEL AS SECURE AS YESTERDAY’S PENSION PLAN?

Provide your members with quality asset allocation solutions

Add a guaranteed lifetime income solution

Chances are, your members have a singular expectation of their retirement plan—they want the comfort of knowing that it’s going to provide income for as long as they live.

At Prudential Retirement®, we provide a full range of asset allocation solutions to help them grow their assets along with an income solution to both protect your income stream from downside risk and guarantee income for life.

The bottom line is, growth + protection + a guarantee = confidence to and through retirement.

16 17

Keep in mind that application of asset allocation and diversification concepts does not assure a profit or protect against loss in a declining market. It is possible to lose money by investing in securities.

Guarantees are based on claims‐paying ability of the insurance company and are subject to certain limitations, terms and conditions.

PROTECTING UNION MEMBERS’ INTERESTSIN A RAPIDLY CHANGING WORLD

PARTNERING WITH A COMPANY THAT BELIEVESIN THE FUTURE OF UNION LABOR

18 19

It’s no secret that administering a Taft-Hartley plan is significantly more complex than providing recordkeeping and administration for a corporation.

As a Prudential client, you can rely on a dedicated team to provide the strategic and consultative support that’s crucial to ensuring that your plan is operating at it’s most efficient level.

The result? Recordkeeping and administration that remains accurate, streamlined and easy for you to stay ahead of.

BETTER RECORDKEEPING. SMARTER ADMINISTRATION.

YOUR RETIREMENT PLAN CONSULTANTS WILL HELP YOU:

♦ Better navigate administration or

compliance issues that may arise

♦ Keep up to date on new and

pending legislation

20 21

Life is easier when your retirement plan is in compliance with government regulations. Drop the ball, and things start to get complicated very quickly.

As a client, you’ll have a dedicated Retirement Plan Consultant whose sole focus is to provide research, insight and communication regarding any legislation or regulatory changes that may affect your plan. Any time there is a change, we’ll communicate its intended impact and schedule a full plan review to make sure you continually remain within regulatory guidelines.

Your Retirement Plan Consultant will also evaluate your plan for efficiencies at the time of your transition to Prudential Retirement, then continue to monitor your plan on an ongoing basis.

REMAINING IN COMPLIANCE.

™

Transitioning to a new plan can seem like a headache. Enough so that it can cause a committee to stick with an existing plan when moving to a new one might be more prudent.

Prudential has transitioned plans ranging in size and complexity for many unions. We structure every aspect of our transition support to ensure the experience is seamless while positioning your plan for a better future once it’s on our platform. That includes everything from assigning you a tenured implementation and conversion team, to weekly status calls, plan design discussions, file transfer and more.

In other words, we make it easy.

SEAMLESSLY MOVING YOUR PLAN TO PRUDENTIAL.

ARBITRATING LABOR-MANAGEMENT DISPUTES

DELIVERING ON YOUR PROMISE TO PROVIDE YOUR MEMBERS WITH A GREAT RETIREMENT PLAN

22 23

HARD

EASY

Many retirement firms claim to be pro-union. But how many truly appreciate the contribution that union labor has made toward building America?

At Prudential, we believe in the inherent value of union labor. It’s the reason we built our $444 million Tower in Newark, NJ using quality union labor.

It's also the reason we actively seek union labor for construction projects for all Prudential corporate properties.

Why? Because we are confident in the high standards and quality results that we can expect from unions like yours.

WHEN IT COMES TO SUPPORTING UNION LABOR, WE WALK THE WALK.

Our $444 million Tower in Newark, NJ was built using quality union labor.

24 25

WE KNOW LEADING A UNION LOCAL IS

HARD

WHICH IS WHY THROUGH EVERY STEP OF THE PLANNING AND CONVERSION PROCESS,

PRUDENTIAL RETIREMENT PROVIDES SOLUTIONS DESIGNED TO DELIVER THE MOST VALUE TO

YOUR MEMBERS.

WE MAKE OFFERING A RETIREMENT PLAN

EASY

26 27

1Pensions & Investments 2015 report of Taft-Hartley DC assets under management, September 30, 2015 2Data as of December 31, 20153 Pensions & Investments 2015 Money Manager Survey, May 2015

is a trademark of Prudential Financial, Inc. and its related entities.

John Scott Boyd is a registered representative of Prudential Investment Management Services LLC (PIMS), Newark, NJ. PIMS is a Prudential Financial company. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company (PRIAC), Hartford, CT, or its affiliates. PRIAC is a Prudential Financial company.

Keep in mind that application of asset allocation and diversification concepts does not assure a profit or protect against loss in a declining market. You can lose money by investing in securities.

Retirement Counselors are registered representatives of Prudential Investment Management Services LLC (PIMS), 07102‐4077. PIMS is a Prudential Financial company.

The target date is the approximate date when investors plan to retire and may begin withdrawing their money. The asset allocation of the target date funds will become more conservative as the target-date approaches by lessening the equity exposure and increasing the exposure in fixed income type investments. The principal value of an investment in a target-date fund is not guaranteed at any time, including the target date. There is no guarantee that the fund will provide adequate retirement income.

The Retirement Income Calculator is hypothetical and for illustrative purposes only and is not intended to represent performance of any specific investment, which may fluctuate. There is no assurance that retirement income objectives will be met. It is possible to lose money by investing in securities.

A target-date fund should not be selected based solely on age or retirement date. Participants should carefully consider the investment objectives, risks, charges and expenses of any Fund before investing. Funds are not guaranteed investments and the stated asset allocation may be subject to change. It is possible to lose money by investing in securities, including losses near and following retirement.

Retirement Manager is an investment advisory service provided by Morningstar Associates, LLC who is an independent registered investment advisor. The Morningstar name and trademarks are used, under license, from Morningstar Associates, LLC. Morningstar Associates, LLC is a registered investment advisor and a wholly owned subsidiary of Morningstar, Inc. Morningstar Associates, LLC is not an affiliate of Prudential. The Managed Account service has an additional fee charged to assets and is paid quarterly. Please read the investment advisory agreement carefully before participating.

The Morningstar Investment Management division is a division of Morningstar and includes Morningstar Associates, Ibbotson Associates, and Morningstar Investment Services, which are registered investment advisors and wholly owned subsidiaries of Morningstar, Inc. All investment advisory services described herein are provided by one or more of the U.S. registered investment advisor subsidiaries. The Morningstar name and logo are registered marks of Morningstar.

© 2016 Morningstar Associates, LLC. All rights reserved. Morningstar® Retirement ManagerSM is offered by and the property of Morningstar Associates, a registered investment advisor and wholly owned subsidiary of Morningstar, Inc., and is intended for use by citizens and legal residents of the United States and its territories. Investment advice generated by Morningstar Retirement Manager is based on information provided and limited to the investment options available in the Plan. Projections and other information regarding the likelihood of various retirement income and/or investment outcomes are hypothetical in nature, do not reflect actual results, are not guarantees of future results and may vary with each use and over time. Morningstar Associates, LLC is not affiliated with Prudential Financial or any of its affiliates.

In providing this information Prudential Retirement is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity. Prudential Retirement may benefit from advisory and other fees paid to it or its affiliates for managing, selling, or settling of the Prudential mutual funds and other investment products or securities offered by Prudential Retirement or its affiliates. Investment vehicles sponsored or managed by a Prudential Retirement affiliate generate more revenue for the Prudential enterprise than non-proprietary investment vehicles. Prudential Retirement's sales personnel generally receive greater compensation if plan assets are invested in proprietary investment vehicles. Prudential Retirement may benefit directly from the difference between investment earnings of Prudential Retirement's stable value funds and the amount credited to deposits in those funds. Prudential Retirement may also benefit from broker-dealer or other entities’ co-sponsorship of Prudential conferences.

© 2016 Prudential Financial, Inc., and its related entities. Prudential, the Prudential logo, the Rock symbol, and Bring Your Challenges are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

HARD EASYTM

Prudential is the #1 provider of union retirement plans.1 To find out more, contact Scott Boyd, Head of Taft-Hartley Solutions

at 860-534-2330 or at scott.boyd@prudential.com.

EASYOR IT CAN BE

0295525-00001-00 RSBRRE3 08/2016