RCH TerminatingPlanService

Helps sponsors of terminating plans fulfill their fiduciary responsibilities, including notifying participants, responsibly managing participant distributions, locating missing participants and establishing safe harbor IRAs for unresponsive participants.

3545 Whitehall Park Dr., Suite 400

Charlotte, NC 28273

Phone: 866.827.9608 • Fax: 704.295.1202

www.RCH1.com

Email: sales@RCH1.com

The Terminating Plan Experts

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• 2,500+ terminating plans served

• 190,000+ terminating plan

participants guided, with $3 billion+

in retirement savings

• 29,000+ participants in largest

terminating plan

• Experts in locating missing

participants to facilitate distribution of

terminating plan assets

• Expert guidance & assistance reduce

terminating plan participant cash outs

by over 50%, vs. industry averages

• All services delivered in Charlotte, NC

© Retirement Clearinghouse 2001-2020

RCH Terminating Plan Service Features

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Easy to Implement• Sign services agreement

• Choose default investment option and services required

• RCH works with recordkeeper to implement program

Fully-Integrated Solution*• Participant notifications

• Missing participant searches, including USPS Certified Mail

• RCH Service Center assists all participants

• Safe harbor IRAs established for unresponsive participants

Better Participant Outcomes• Support for all pre- and post-rollover participant transactions,

including consolidation to an existing plan or IRA

• Proven to reduce cashouts by over 50%, vs. industry averages

• Missing participant searches, including USPS Certified Mail, if

required

Beneficial Fee Structure• Monthly account maintenance fee delivers substantial savings to

most IRA accountholders, vs. an annual fee paid in advance

• No hidden accountholder fees or lock-up provisions

IRA Accountholder Investment Options• Range of investment options available, at no charge

Ongoing RCH Service Center & Online Support• RCH Service Center open Mon.-Fri., 8:00am – 7:00pm ET

• Bi-lingual support

• All services delivered in Charlotte, NC

* If another party performs participant mailings, conducts participant searches and

provides distribution support, RCH can provide safe harbor IRAs for all unresponsive

participants (the RCH Terminating Plan Direct option).

© Retirement Clearinghouse 2001-2020

How the RCH Terminating Plan Service Works

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Participant Data, OutreachRCH Client Services Team

Pre-Distribution Assistance Ongoing Servicing

RCH Service Center & Operations:• Establishes safe harbor IRAs for all

unresponsive participants• Mails initial Welcome Kits• Processes contributions &

distributions• Responds to accountholder requests• Delivers accountholder service• Mails statements & tax forms• Conducts missing accountholder

searches

RCH Performs:• Electronic address

verification / data scrub

• Mailings of required participant notifications

PPT Data

Client Services:Acquires Participant Data From Plan’s RK

RCH Service Center:• Manages participant response

window• Provides support for all

transactions, including consolidation

• Educates participants on the high cost of cashing out, including access to the RCH online cashout calculator

• Provides bi-lingual support

RCH Service Center,

RCH1.com Web Portal

If Initial Mailing is Returned:• RCH delivers USPS

Certified Mail, per DOL regulations

© Retirement Clearinghouse 2001-2020

NOTE: If another party performs participant mailings, conducts participant searches and provides distribution

support, RCH can provide safe harbor IRAs for all unresponsive participants (the RCH Terminating Plan Direct option).

Default Investment Options & Fees

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1 - Participant is charged a communication fee only if RCH performs the initial participant mailings and provides pre-rollover Service Center support. Fee is paid by new RCH safe harbor IRA accountholders.2 - IRAs established with a non-US legal address will be invested in the Reich and Tang Insured Deposits program.3 - Fee charged to plan sponsor if RCH engaged to perform this service

Safe Harbor IRA Specifications Federated Hermes Government Obligations Fund (TR) Reich & Tang Insured Deposit Account

Description A money market mutual fund seeking to provide

current income consistent with stability of principal by

investing in a portfolio of U.S. Treasury and

government securities maturing in 397 days or less

and repurchase agreements collateralized fully by U.S.

Treasury and government securities.

The Reich & Tang Insured Deposits Program is an

expanded FDIC-insured sweep program that

allows broker-dealers and other financial

institutions to invest the cash balances of end

customers’ accounts into a liquid and flexible

offering of FDIC-insured bank deposits.

Service provider Retirement Clearinghouse Retirement Clearinghouse

Custodian Fifth Third Bank Fifth Third Bank

Current yield as of 09.30.20 0.01% 0.01%

Yield return determination Set by fund manager Based on Fed funds rate

One-Time Communication Fee1 Call (866) 827-9608 Call (866) 827-9608

Account setup fee No cost No cost

Monthly IRA administrative & recordkeeping fee Call (866) 827-9608 Call (866) 827-9608

Transfer to another RCH investment option No cost No cost

Minimum investment None None

Owner can change investment option Yes Yes

Available in all 50 states, D.C. & Puerto Rico Yes2 Yes

Available for rollovers of Roth funds Yes Yes

Available for rollovers of post-tax funds Yes Yes

Online statements Yes Yes

Distribution/Closeout fee Call (866) 827-9608 Call (866) 827-9608

FDIC insured No Yes

Meets DOL Safe Harbor IRA requirements Yes Yes

Post-Notification Missing Participant Search3 Call (866) 827-9608 Call (866) 827-9608

IRA Accountholder Investment Menu

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Fund Manager Investments Available to RCH IRA Accountholders

Federated Hermes Capital Income Fund (A) - CAPAX

* Federated Hermes Government Obligations Fund (Tr) - GORXX

Federated Hermes MDT All Cap Core Fund (R6) - QKACX

Federated Hermes MDT Balanced Fund (R6) - QKBGX

Federated Hermes Total Return Bond Fund (R) – FTRKX

Fidelity Advisor Freedom 2050 Fund (M) - FFFQX

Fidelity Advisor Freedom 2055 Fund (I) - FHFIX

Fidelity Asset Manager 20% Fund - FASIX

Fidelity Asset Manager 50% Fund - FASMX

Fidelity Asset Manager 85% Fund - FAMRX

Fidelity Freedom 2010 Fund - FFFCX

Fidelity Freedom 2015 Fund - FFVFX

Fidelity Freedom 2020 Fund - FFFDX

Fidelity Freedom 2025 Fund - FFTWX

Fidelity Freedom 2030 Fund - FFFEX

Fidelity Freedom 2035 Fund - FFTHX

Fidelity Freedom 2040 Fund - FFFFX

Fidelity Freedom 2045 Fund - FFFGX

Janus Henderson Balanced Fund (R) - JDBRX

Janus Henderson Flexible Bond Fund (R) - JDFRX

Janus Henderson Growth & Income Fund (R) - JDNRX

Principal SAM Balanced Fund (A) - SABPX

Principal SAM Conservative Balanced Fund (A) - SAIPX

Principal SAM Conservative Growth Fund (A) - SAGPX

Principal SAM Flexible Income Fund (A) - SAUPX

Principal SAM Strategic Growth Fund (A) - SACAX

T. Rowe Price Retirement 2020 Fund (Adv) - PARBX

T. Rowe Price Retirement 2030 Fund (Adv) - PARCX

T. Rowe Price Retirement 2040 Fund (Adv) - PARDX

T. Rowe Price Retirement 2050 Fund - TRRMX

T. Rowe Price Retirement 2055 Fund - TRRNX

* Reich & Tang FDIC Insured Deposits Fund

* Available as default investment option choice

About Retirement Clearinghouse

Retirement Clearinghouse (RCH) is the leading specialist in retirement savings portability services,

with best practices designed to address the problems caused by small accounts.

What Causes Small Accounts?

A mobile workforce, combined with savings-based initiatives

(e.g. auto-enrollment) drives a proliferation of small accounts in

401(k) retirement plans. Small accounts occur each time a new

participant enrolls in the plan, or when a short-tenure or low-

deferral rate participant separates.

The Impact of Small Accounts on Your Plan:

• Growth in plan costs

• Increase in fiduciary liability

• Problems with missing participants and uncashed checks

Portability / Transition Management Services Offered by RCH:

RCH Automatic Rollover Service

RCH Managed PortabilitySM

• In: RCH Assisted Roll-In

• Out: RCH Assisted Roll-Out

RCH Address Location Service

RCH Uncashed Check Service

RCH Terminating Plan Service

Defined Benefit Plan Force-Outs. Lump Sum Windows

Financial

TechnologyData Information+ + =

Confidential & Proprietary © Retirement Clearinghouse 2001-2020 7

Based in Charlotte, NC, RCH is on the web at www.RCH1.com.

For more information, contact RCH at (866) 827-9608, or via e-mail at sales@RCH1.com

Why RCH?

History of Success:

• 670,000+ automatic rollover IRAs

• 1.6 million+ participant addresses verified

• $9 billion+ assets consolidated

• 29,000+ plan sponsor clients

• Largest client: 268,000+ participants

• Strong, secure and profitable

• Industry thought leader

Proven Results in One of the Nation’s Largest Plans:

• Reduced cashouts by 51%

• Consolidated over 72,000 participant accounts

• Performed over 207,800 participant address updates

• Found over 7,000 missing participants