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Reports - 2019.09.19 - 32244
For Plan Sponsor or Consultant Use Only Oakland County Retirement PlansPlan SummaryPresented by: Stephanie Smith,Vice President, Key AccountsAs of: June 30, 2019Report contains information up through the last business day of the period end. Section I: Oakland County 401(A) Employees Retirement SystemPlan Summary – 940070Section II: Oakland County 457(b) Deferred Compensation PlanPlan Summary – 940080Section III: Oakland County 457(b) PTNE PlanPlan Summary – 940090Section IV: Forfeiture AccountSection V: Suspense AccountSection VI: Service Standards GuaranteesSection VII: Monthly Activity Report – Q2 2019Table Of ContentsOakland County Retirement PlansFor Plan Sponsor or Consultant Use Only 2 Section I:Oakland County 401(A) Employees RetirementSystem, Plan Summary – 940070Oakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only 3 Plan Summary and Benchmark TrendsOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only 4 Oakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryPlan Demographics Summary3/31/2019 1/1/20191/1/2019-3/31/20194/1/2019-6/30/2019Total Participants*5,2485,261 Active Participants3,5293,526 Terminated Participants1,6101,624 Other Participants**106108 Multiple Status Participants***33Average Participant Balance$113,207 $117,122 Average Account Balance for Active Participants$129,663 $134,294Median Participant Balance$35,727$37,692 Median Participant Balance for Active Participants$62,099$63,873Participants Age 50 and Over2,2712,297 Total Assets for Participants Age 50 and Over$370,330,244 $387,598,640Total (Contributions + Rollovers In)$8,337,336 $8,822,568 Employee Contributions$2,048,333 $2,396,604 Employer Contributions$5,835,968 $5,826,939 Rollovers In$453,034 $599,026Total Distributions($7,199,665) ($8,402,932)Percentage of Assets Distributed1.2%1.4%Market Value Gain / Loss****$54,175,727 $22,248,570Total Participant Balances$594,108,198 $616,177,378*** Participant(s) with an account balance greater than $0 in more than one participant status category (e.g. Active status in one subplan but Terminated status in another subplan).****This is not the equivalent of a plan level return on investment due to the timing of additions, distributions and underlying investment performance. *Participant(s) with an account balance greater than $0. **Participant(s) who are not active, terminated or suspended, but have an account balance greater than $0 (e.g. break-in-service, rehire, etc.). Rollovers In is the total dollars credited to participant accounts within the period defined that originated in other qualified retirement plan accounts.5 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryPlan FeaturesGoalMaker3/31/2019 6/30/2019Plan Assets for Participants in GoalMaker $64,419,707 $85,616,405% of Plan Assets for GoalMaker Participants 10.8% 13.9%# of Participants in GoalMaker320 433 Participation Rate in GoalMaker 6.1% 8.2% Prudential % of Participants in GoalMaker - As of 12/31/2018IncomeFlex3/31/2019 6/30/2019% of Plan Assets Invested in IncomeFlex Funds for IncomeFlex Participants 50.9% 50.2%# of Participants in IncomeFlex95 95 Participation Rate in IncomeFlex 1.8% 1.8%Prudential % of Participants in IncomeFlex - As of 12/31/2018Stable Value3/31/2019 6/30/2019Participation Rate in Stable Value 23.2% 23.6%% of Plan Assets in Stable Value 9.3% 9.3%Prudential % of Plan Assets in Stable Value - As of 12/31/201850.8%6.2%25.8%Participant Activity Call Center / Website Statistics1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Total Call Volume722 694Loans1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Amount of New Loans Taken $627,181 $1,107,956# of New Loans74 101# of Outstanding Active Loans 1,116 1,068% of Participants have Outstanding Active Loans 11.5% 11.1%Prudential % of Participants have Outstanding Active Loans - As of 12/31/2018 14.2%Transaction SummaryTransactions1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Total Enrollees* 76 91 Contribution Rate Increases for Active Participants** 52 44 Contribution Rate Decreases for Active Participants** 36 40Total Contribution Rate Changes** 88 84Number of Participants with Transfers 248 249Loan Initiations 74 101Distributions 584 544**Sum of month over month contribution rate (% and $) changes are for active participants during the reporting period. This excludes any terminations, enrollments or auto enrollments(if applicable on the plan) during the respective months in which contribution rate changes occurred.*Number of participants that w ere enrolled into the plan w ithin the reporting period. This can include those individuals w ho self enrolled or auto enrolled, if applicable on the plan. Rehires may not be included if their original enrollment date falls outside the reporting period.6 For Plan Sponsor or Consultant Use OnlyPlan SummaryOakland County 401(A) Employees Retirement SystemBenchmark Trends – Plan FeaturesPlan FeaturesYour PlanPrudential Book ofBusinessIndustryAverage*Plan Sponsor Survey 2018**Plan Sponsor Survey 2019***GoalMaker®Yes69.5%NANANAInvestment Options42.013.326.322.824.9IncomeFlex®Yes25.2%19.8%7.1%9.9%LoansYes63.5%78.1%79.3%91.6%Plan Allows Catch-Up Contributions (Administered Through Prudential)No48.1%NANANA **2018 Annual Survey, 2018 (Overall) ***2019 Annual Survey, 2019 (Overall) *Annual Survey, 2019 (Industry Specific Results) – Government County This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and/or record keeper.© 2019 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.Prudential’s Book of Business averages are as of 12/31/2018External Benchmark Source: PLANSPONSOR Defined Contribution Annual Survey 7 For Plan Sponsor or Consultant Use OnlyPlan SummaryOakland County 401(A) Employees Retirement SystemBenchmark Trends – Participant BehaviorPlan FeaturesYour PlanPrudential Book ofBusinessIndustryAverage*Plan Sponsor Survey 2018**Plan Sponsor Survey 2019***Average Account Balance$117,122$64,203$73,643$97,903$102,586Median Account Balance$37,692$64,672$53,025$75,000$77,204% of Plan Assets in Stable Value9.3%25.8%NANANAAverage # of Funds Held4.65.55.25.75.5% of 55+ Participants Utilizing IncomeFlex®4.2%9.2%NANANA% of Participants Utilizing GoalMaker®8.2%50.8%NANANA% of Participants have Outstanding Active Loans11.1%14.2%15.4%13.0%13.5%Average Loan Balance$7,468$7,665$9,101$10,189$10,257 **2018 Annual Survey, 2018 (Overall) ***2019 Annual Survey, 2019 (Overall)Prudential’s Book of Business averages are as of 12/31/2018External Benchmark Source: PLANSPONSOR Defined Contribution Annual Survey *Annual Survey, 2019 (Industry Specific Results) – Government County This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and/or record keeper.© 2019 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.8 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryAsset Allocation/Net Activity By AgeApril 1, 2019 to June 30, 2019Less than 25 25-3435-4445-5455-6465+TotalTotal Participant Balances$634,718 $20,339,331 $100,425,520 $215,515,895 $162,114,112 $117,147,802 $616,177,378% Assets0.1%3.3%16.3%35.0%26.3%19.0%100.0%Average Contribution Rate ($)$0$0$0$0$62$0$62Average Contribution Rate (%)3.5%4.6%4.3%4.7%6.4%4.0%4.7%Prudential Avg. Contribution Rate (%) as of 12/31/20184.8%5.8%6.6%7.8%9.5%11.1%7.4% Contributions$125,850 $1,452,413 $2,112,553 $2,739,545 $1,465,683 $327,498 $8,223,543 Rollovers In*$3,124 $40,975 $33,527 $308,252 $213,148$0 $599,026Total (Contributions + Rollovers In)$128,974 $1,493,388 $2,146,080 $3,047,797 $1,678,831 $327,498 $8,822,568 Cash Distributions($353) ($61,279) ($574,073) ($510,470) ($1,246,200) ($1,277,742) ($3,670,117) Rollovers Out$0 ($85,635) ($410,241) ($982,341) ($1,549,429) ($1,705,170) ($4,732,816)Total (Cash Distributions + Rollovers Out)($353) ($146,914) ($984,314) ($1,492,811) ($2,795,628) ($2,982,912) ($8,402,932)Net Activity$128,621 $1,346,474 $1,161,766 $1,554,986 ($1,116,797) ($2,655,414) $419,636Total Participants969141,2121,4061,0545795,261Average Account Balance$6,612 $22,253 $82,859 $153,283 $153,808 $202,328 $117,122Median Account Balance$3,785 $16,472 $45,233 $103,261 $59,994 $56,749$37,692High Balance$26,846 $159,225 $530,781 $1,086,738 $1,370,565 $2,804,397Low Balance$132$1$1$0.01$1$0.01Prudential Avg. Account Balance as of 12/31/2018$2,900 $13,375 $39,050 $76,411 $106,786 $113,266$64,203*Rollovers In is the total dollars credited to participant accounts within the period defined that originated in other qualified retirement plan accounts.Average Balance By Years of Service as of June 30, 20199 Retirement ReadinessOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.10 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryRetirement Income Calculator (RIC) AnalysisTotal Retirement Income Calculator Completions - Number of RIC completions for the given time period. If a single participant completed the RIC multiple times within the given time period, they would be counted multiple times.Unique Completions: Total number of unique active/eligibles that completed the retirement income calculator during the reporting periodContribution Rate Increases: Total number of active/eligibles that completed the retirement income calculator and increased their contribution rate.Average Balance RIC Participant - For participants who have a balance greater than $0 that have previously completed the RIC - The total balance of active participants divided by the total count of active participantsAverage Balance Non-RIC Participant - For participants who have a balance greater than $0 that have NOT previously completed the RIC - The total balance of active participants divided by the total count of active participantsAverage Contribution Rate RIC Participant - For participants who have completed the RIC - The total of all contribution rates (%) for active participants who have completed the RIC divided by the number of active participants that have completed the RIC who have non-zero contribution rates.Average Contribution Rate Non RIC Participant - For participants who have NOT completed the RIC - The total of all contribution rates (%) for active participants who have completed the RIC divided by the number of active participants that have completed the RIC who have non-zero contribution rates.Average Income Replacement, RIC Participant - Calculated by summing the income replacement percentages of all active, eligible & suspended participants who have completed the RIC divided by the total count of all those active, eligible & suspended participants that have completed the RIC. Individuals not enrolled in the plan are excluded from the calculation.Average Income Replacement, Non- RIC Participant - Calculated by summing the income replacement percentages of all active, eligible & suspended participants who have not completed the RIC divided by the total count of all those active, eligible & suspended participants that have completed the RIC. Individuals not enrolled in the plan are excluded from the calculation.Participant - An individual who has enrolled in the plan and has a non-zero account balance.Total Retirement Income Calculator Completions446Unique Completions361Contribution Rate Increase23Average Balance, RIC Participant$169,470Average Balance, Non-RIC Participant$105,306Average Contribution Rate, RIC Participant4.65%Average Contribution Rate, Non-RIC Participant4.79%Total Count of Participants with a RIC Gap985Average RIC Gap $3,170Total Count of Participants with a RIC Surplus317Average RIC Surplus $2,078Average Income Replacement, RIC Participant0%Average Income Replacement, Non-RIC Participant0%Since Inception for Currently Active Participants as of 6/30/20194/1/2019 - 6/30/201911 IncomeFlex ParticipationFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryAs Of 6/30/2019<=44 45-54 55-64 65+ Grand TotalParticipants Enrolled in IncomeFlex 7 19 40 29 95IncomeFlex AssetsAs of 6/30/2019, the participants invested in IncomeFlex have 50.2% of their total plan assets in these funds, with an average balance of $174,073.IncomeFlex UtilizationDuring the period of 4/1/2019 to 6/30/2019, the IncomeFlex participation rate was 1.8%.12 Plan ActivityOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.13 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.INVESTMENT OPTIONS1/1/2019 - 3/31/2019 % 4/1/2019 - 6/30/2019 %Change%TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$727,6919.2%$688,5258.4%($39,166)-5.4%TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$586,5707.4%$596,7307.3%$10,1601.7%TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$532,5356.8%$595,0127.2%$62,47611.7%TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$514,8796.5%$556,5726.8%$41,6938.1%TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$491,0606.2%$536,9206.5%$45,8609.3%TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$535,7336.8%$510,5826.2%($25,151)-4.7%TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$461,6945.9%$412,6315.0%($49,064) -10.6%TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$464,1755.9%$398,6644.9%($65,511) -14.1%GUARANTEED INCOME FUND$324,1994.1%$369,6954.5%$45,49614.0%FIDELITY CONTRAFUND FUND$334,2964.2%$343,3814.2%$9,0842.7%JPMORGAN EQUITY INCOME FUND CLASS R5$273,5753.5%$334,1964.1%$60,62122.2%FIDELITY 500 INDEX FUND$322,2394.1%$327,9074.0%$5,6681.8%MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$194,0802.5%$262,1493.2%$68,06935.1%FIDELITY GROWTH COMPANY$216,6112.8%$258,7413.2%$42,13019.4%EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$201,4332.6%$222,4922.7%$21,05910.5%PGIM TOTAL RETURN BOND FUND -CLASS Z$187,0102.4%$212,8952.6%$25,88513.8%T. ROWE PRICE NEW HORIZONS FUND$179,6832.3%$212,4172.6%$32,73418.2%TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$225,5072.9%$197,4512.4%($28,056) -12.4%TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$111,8131.4%$127,5191.6%$15,70614.0%FIDELITY SMALL CAP INDEX FUND$130,4161.7%$127,0881.6%($3,328)-2.6%FIDELITY EMERGING MARKETS INDEX FUND$83,8381.1%$110,6441.4%$26,80632.0%AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$102,8411.3%$105,6821.3%$2,8422.8%VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$82,0141.0%$97,8981.2%$15,88419.4%FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$65,7190.8%$85,1131.0%$19,39429.5%AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$68,9420.9%$72,1810.9%$3,2394.7%BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$57,2430.7%$72,0070.9%$14,76325.8%TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$72,8200.9%$57,3570.7%($15,463) -21.2%PIMCO INCOME FUND CLASS A$54,2680.7%$55,1240.7%$8561.6%FIDELITY PURITAN FUND$54,2580.7%$53,4950.7%($762)-1.4%PGIM HIGH YIELD FUND- CLASS Z$37,5640.5%$40,7730.5%$3,2098.5%COHEN & STEERS INSTITUTIONAL REALTY SHARES$37,0600.5%$37,1630.5%$1020.3%PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$28,6860.4%$31,2590.4%$2,5739.0%FIDELITY INTERNATIONAL INDEX FUND$22,9370.3%$25,5500.3%$2,61311.4%FIDELITY MID CAP INDEX FUND$22,2460.3%$22,0780.3%($167)-0.8%PIMCO REAL RETURN FUND CLASS A$19,3240.3%$19,5930.2%$2691.4%BNY MELLON NATURAL RESOURCES FUND CLASS I$17,4840.2%$16,5670.2%($917)-5.2%TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$23,0060.3%$10,0720.1%($12,934) -56.2%VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$5,8140.1%$5,9900.1%$1773.0%INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$4,8750.1%$5,2900.1%$4158.5%FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$5,6030.1%$4,8060.1%($798) -14.2%COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$2,5590.0%$3,3340.0%$77530.3%Total Assets Contributed$7,884,301100.0%$8,223,543100.0%$339,2414.3%Contributions by FundOakland County 401(A) Employees Retirement SystemPlan Summary14 INVESTMENT OPTIONSINOUTNETMFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$3,454,147 ($121,760) $3,332,387FIDELITY GROWTH COMPANY$3,439,468 ($738,808) $2,700,659GUARANTEED INCOME FUND$3,432,115 ($926,803) $2,505,312JPMORGAN EQUITY INCOME FUND CLASS R5$2,791,537 ($590,078) $2,201,459PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$1,327,903($33,382) $1,294,521FIDELITY EMERGING MARKETS INDEX FUND$1,297,359($85,864) $1,211,495PGIM TOTAL RETURN BOND FUND -CLASS Z$1,928,091 ($996,225) $931,866FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$951,659($66,371) $885,289BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$1,029,622 ($237,974) $791,649T. ROWE PRICE NEW HORIZONS FUND$1,624,079 ($834,945) $789,134VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$782,106 ($207,143) $574,963FIDELITY MID CAP INDEX FUND$223,318($11,732) $211,587TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$236,031($35,702) $200,328PGIM HIGH YIELD FUND- CLASS Z$272,506 ($101,654) $170,852COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$176,150($27,053) $149,097INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$186,216($40,197) $146,019PIMCO INCOME FUND CLASS A$401,139 ($332,694)$68,445FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$111,517($50,705)$60,811TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$16,139($6,852)$9,287VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$28,899($19,850)$9,049TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$627,525 ($618,722)$8,803FIDELITY INTERNATIONAL INDEX FUND$68,566($70,356)($1,790)TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0($9,022)($9,022)TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$36,972($48,306)($11,334)TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$225($21,909)($21,683)PIMCO REAL RETURN FUND CLASS A$99,264 ($178,880)($79,616)SELF DIRECTED BROKERAGE ACCOUNT$14,458($94,541)($80,084)BNY MELLON NATURAL RESOURCES FUND CLASS I$817 ($106,282) ($105,464)AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$230,267 ($546,466) ($316,199)COHEN & STEERS INSTITUTIONAL REALTY SHARES$98,954 ($415,731) ($316,777)EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$727,675 ($1,099,845) ($372,170)AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$6,776 ($526,930) ($520,154)FIDELITY PURITAN FUND$113,193 ($655,154) ($541,961)TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$286,658 ($913,477) ($626,819)TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$479,238 ($1,292,450) ($813,212)FIDELITY SMALL CAP INDEX FUND$159,589 ($1,005,019) ($845,430)TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$191,013 ($1,164,007) ($972,994)TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$106,948 ($1,640,174) ($1,533,226)FIDELITY 500 INDEX FUND$500,206 ($2,184,516) ($1,684,311)FIDELITY CONTRAFUND FUND$318,400 ($2,705,399) ($2,386,999)TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$124,005 ($3,165,345) ($3,041,340)TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$134,679 ($4,107,105) ($3,972,426)TOTAL$28,035,428 ($28,035,428)$04/1/2019 to 6/30/2019For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryOakland County 401(A) Employees Retirement SystemInterfund Transfers15 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Participant Distribution StatisticsOakland County 401(A) Employees Retirement SystemPlan SummaryTotalAmount of Withdrawals Taken1/1/2019 - 4/1/2019 -1/1/2019 - 4/1/2019 -Distribution Type3/31/2019 6/30/2019 Change% Change 3/31/2019 6/30/2019 Change % ChangeTermination$5,299,952 $6,937,104 $1,637,15231%179168(11)-6%Installment Payment$832,831 $873,723 $40,8925%32633372%Death Distribution$338,777 $415,994 $77,21723%1712(5)-29%QDRO$366,121$8,024 ($358,097)-98%123(9)-75%In-Service Withdrawal$253,627 $168,673 ($84,954)-33%3021(9)-30%Required Minimum Distribution$108,358-$586 ($108,944)-101%207(13)-65%Grand Total$7,199,665 $8,402,932$1,203,26717%584544(40)-7%# of WithdrawalsRequired Minimum Distribution - Minimum amounts that a participant must withdraw annually upon reaching a certain age or retirement. This would exclude any beneficiary or QDRO accounts.Termination - A withdraw al that is taken when the participant is active and terminating from employment or is already in a 'Terminated' status.Installment Payment - An Installment distribution is a payment option that disburses funds over time (i.e. monthly, quarterly, yearly).Death Distribution - Distribution taken by a beneficiary. This could include required minimum distributions, installment payments, etc.QDRO - Distribution taken by the recipient of a QDRO. This could include required minimum distributions, installment payments, etc.In-Service Withdrawal - A distribution that is taken while the participant is still active, before termination from employment.Distribution Sub-TypeAge < 50 Age >= 50 TotalAge < 50 Age >= 50 TotalRollover$1,048,714 $3,684,102 $4,732,816191534Cash$752,655 $2,917,462 $3,670,11752458510Grand Total$1,801,368 $6,601,564 $8,402,93271473544Amount of Withdrawals Taken# of Withdrawals4/1/2019 - 6/30/201916 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Rollover Distributions StatisticsOakland County 401(A) Employees Retirement SystemPlan SummaryRollover InstitutionRollover Distribution Amount# of Ppts Rollover InstitutionRollover Distribution Amount# of Ppts Rollover InstitutionRollover Distribution Amount# of PptsFidelity $777,342 7 Fidelity $1,625,455 8 Pershing $2,188,875 4Thrift Savings Plan $653,920 2 AEIS $382,184 1 Wells Fargo $696,636 1Charles Schwab $559,347 2 FBL Financial $338,203 1 TD Ameritrade $490,702 2Raymond James $328,711 2 Baird $270,382 1 LPL $344,086 2LPL $168,556 2 Vanguard $193,602 3 Sweet Escape Ventures $312,207 1Morgan Stanley $150,699 1 Local Gov't Federal CU $177,972 1 VantagePoint Trnsfr $150,632 3Global Atlantic $150,000 1 Pershing $174,784 2 Thrivent Financial $147,399 1Pershing $148,711 3 Vibe Credit Union $129,155 2 Flagstar Bank $139,021 1Trust Company of America $132,997 1 Mutual of America $117,011 1 State of Michigan 401K Plan $83,411 1PFS Investments $117,265 1 Thrift Savings Plan $116,503 1 Edward Jones $76,511 3Nationwide $111,895 1 Genisys Credit Union $49,998 1 Nationwide$40,998 2Merrill Lynch$79,076 2 Ameriprise $46,000 1 Morgan Stanley $22,024 1Vanguard $26,272 3 Edward Jones $42,846 3 Raymond James $10,942 1Allianz $18,384 1 Pacific Life $35,299 1 Fifth Third Bank $8,236 1TIAA $15,669 1 ADP $30,677 1 Vanguard $7,925 1Edward Jones $12,836 2 Vantagepoint $18,115 1 Thrift Savings Plan $3,110 1Ameriprise $8,195 1 Merrill Lynch $11,268 1 Ameriprise $2,785 2Betterment $7,389 1 Putnam $9,134 1 NFS $2,557 1Lincoln National Life $5,951 1 Thrivent Financial $7,736 1 Ascensus Trust $1,491 1Franklin Templton $5,522 1 Alerus Financial $1,373 1 USAA $1,305 1State of Michigan 401K Plan $2,437 1 Raymond James $564 1 Chemical Bank $1,190 1Stifel $2,080 1 Primerica $355 1 Merrill Lynch$500 1American Funds $397 1 Total $3,778,616 35 Charles Schwab $273 1Principal $341 1Total $4,732,816 34Total $3,483,992 4010/1/2018 - 12/31/2018 1/1/2019 - 3/31/2019 4/1/2019 - 6/30/201917 Loan ActivityFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryLoan Utilization By Participant Age*Includes all participant statuses with balance > $0. <25 25-34 35-44 45-54 55-64 65+ OverallParticipants*96 914 1,213 1,406 1,054 580 5,263w/Loan2 64 179 215 99 24 5832.1%7.0%14.8%15.3%9.4%4.1%11.1%% of Participants With Withdrawal ActivityAs of 6/30/20194/1/2019 - 6/30/2019Average loan balance is $7,4681.8% initiated a new loanPrudential Book of Business Average is $7,665 as of 12/31/201811.1% of participants have outstanding active loans0.4% initiated In-Service Withdrawal14.2% Prudential Book of Business Average as of 12/31/201843.7% of participants with loans that have multiple loans24.6% Prudential Book of Business Average as of 12/31/201818 Participant Loan StatisticsFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers. Amount of Loans Taken # of Active LoansLoan Initiations1/1/2019-3/31/20194/1/2019-6/30/2019Change % Changeas of 3/31/2019as of 6/30/2019Change % ChangeGeneral Purpose $627,181 $997,376 $370,195 59% 1,009 960 (49) (5%)Residential $0 $110,580 $110,580 0% 107 108 1 1%Grand Total $627,181 $1,107,956 $480,775 77% 1,116 1,068 (48) (4%)1/1/2019-3/31/20194/1/2019-6/30/2019# of Outstanding Active Loans1,116 1,068# of New Loans74101Average Loan Balance$7,164 $7,468Total Outstanding Loan Balance $7,994,929 $7,976,342Oakland County 401(A) Employees Retirement SystemPlan Summary# of Oustanding Active LoansParticipant Count1 3282 131351440533Total58319 Participant Transaction StatisticsFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryDefinitions:Unique Callers – The number of individuals that spoke to a Participant Service Center Representative during the reporting period (e.g., If the same individual called five times during the reporting period, they would only be counted once). Total Call Volume – The number of calls to a Participant Service Center Representative during the reporting period (e.g., If the same individual called five times during the reporting period, they would be counted five times). 7/1/2018 - 9/30/201810/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/2019Call CenterUnique Callers 536 547 432 413Total Call Volume 963 919 722 694Call Center Reason Category7/1/2018 - 9/30/201810/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/2019Account Explanations 233 229 165 172Allocation Changes & Exchange 25 15 5 6Contributions 5 6 10 6Disbursements 355 303 276 252Enrollments 3 4 2 2Forms 10 2 7 13Fund Information 14 9 7 5Hardships 10352IFX 2 300IVR or Web Assistance 113 138 47 17Loans 121 118 115 147Other 5 3 4 12Payment Questions 0 0 0 0Plan Explanations 19 13 9 7Regen Reg Letter 0 0 0 0Status of Research 7 5 4 5Tax Information 3 1 25 3Website Processing 38 67 41 45Total 963 919 722 69420 Investment DiversificationOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.21 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.0%10%20%30%40%50%60%70%80%90%100%Less than 25 25-34 35-44 45-54 55-64 65+Stable ValueFixed Inc-DomesticFixed Inc-Glbl / InternationalAllocationEquity - U.S. LargeEquity - U.S. Mid/SmallEquity - Glbl / InternationalAlternative / OtherLess than 25 25-34 35-44 45-54 55-64 65+ TotalParticipants Invested in Only One Fund55 209 342 288244153 1,291Average # of Funds per Participant2.23.14.15.85.44.44.6Prudential Participants Avg. # of Funds per Participant as of 12/31/20186.16.05.85.65.44.15.5% of Plan Assets in Stable Value0.2% 0.7% 2.2% 4.9% 12.3% 21.0% 9.3%Prudential % of Plan Assets in Stable Value as of 12/31/201811.3% 10.1% 12.3% 17.5% 29.3% 47.1% 25.8%Assets by Asset Class and Age as of June 30, 2019Oakland County 401(A) Employees Retirement SystemPlan SummaryFund Utilization By Age as of June 30, 2019Asset AllocationAsset ClassYour Plan Assets as of 6/30/2019 Your Plan % as of 6/30/2019Stable Value $57,531,979 9.3%Fixed Inc-Domestic $40,905,780 6.6%Fixed Inc-Glbl / International $7,517,822 1.2%Allocation $230,437,791 37.4%Equity - U.S. Large $140,925,208 22.9%Equity - U.S. Mid/Small $73,359,197 11.9%Equity - Glbl / International $48,120,204 7.8%Alternative / Other $17,379,397 2.8%Total Participant Balances $616,177,378 100.0%22 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.The funds in boldtype denote inclusion in the GoalMaker®product.Oakland County 401(A) Employees Retirement SystemPlan SummaryUtilization by Fund as of June 30, 2019INVESTMENT OPTIONSBalance % Invested in Fund # of PptsPpts Using as Sole InvestmentTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$64,735,27010.5%1,011298GUARANTEED INCOME FUND$57,531,9799.3%1,244106FIDELITY CONTRAFUND FUND$47,058,5097.6%1,2304JPMORGAN EQUITY INCOME FUND CLASS R5$39,205,5276.4%1,2781TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$34,955,0655.7%83683FIDELITY 500 INDEX FUND$32,885,0965.3%1,16218TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$29,563,7284.8%59082EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$27,454,7444.5%1,1780PGIM TOTAL RETURN BOND FUND -CLASS Z$27,236,4844.4%1,0491MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$23,953,3143.9%8691FIDELITY GROWTH COMPANY$21,776,0753.5%1,18813TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$19,414,9543.2%61883TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$18,323,3143.0%728104TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$17,462,9352.8%1,082125PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$16,536,9032.7%959T. ROWE PRICE NEW HORIZONS FUND$16,371,5022.7%1,05216SELF DIRECTED BROKERAGE ACCOUNT$12,783,0372.1%802FIDELITY SMALL CAP INDEX FUND$12,396,5352.0%5422TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$10,825,5821.8%36053AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$9,231,9351.5%8741FIDELITY PURITAN FUND$8,817,8641.4%5537VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$8,644,0151.4%9240FIDELITY EMERGING MARKETS INDEX FUND$7,905,3581.3%8090BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$7,517,8221.2%5180FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$6,736,9181.1%8110PIMCO INCOME FUND CLASS A$5,626,4830.9%3010AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$5,166,8170.8%3661PGIM HIGH YIELD FUND- CLASS Z$5,005,2090.8%3310TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$4,414,1490.7%65182COHEN & STEERS INSTITUTIONAL REALTY SHARES$3,833,9910.6%3412TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$3,479,7510.6%466108PIMCO REAL RETURN FUND CLASS A$1,786,8280.3%2120FIDELITY MID CAP INDEX FUND$1,755,4830.3%1060FIDELITY INTERNATIONAL INDEX FUND$1,532,3810.2%2340BNY MELLON NATURAL RESOURCES FUND CLASS I$762,3680.1%1510INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$679,7380.1%490COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$670,2880.1%561FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$571,0380.1%1422TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$551,1630.1%13063TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$487,3310.1%9716VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$330,3990.1%520TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$199,4950.0%737Total$616,177,378100.0%23 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryInvestment UtilizationDue to rounding, bar graph may not equal 100%24 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryActive/Suspended Terminated Active/Suspended Terminated Active/Suspended TerminatedLess than 25 0 0 2 0 3 0 525-34201503515335-44311906238845-5417244597216755-641654252639765+225104023Total4010127202279433Active/Suspended Terminated Active/Suspended Terminated Active/Suspended TerminatedLess than 25$0$0$19,760$0$12,196$0 $31,95625-34$80,042$0 $292,331$0 $1,155,743 $38,862 $1,566,97835-44$157,599 $60,285 $2,724,549$0 $10,080,831 $164,497 $13,187,76245-54$3,590,072 $592,893 $10,895,300 $437,727 $22,143,761 $100,372 $37,760,12455-64$2,004,802 $426,569 $13,416,165 $1,272,235 $8,151,131 $241,864 $25,512,76665+$899,204 $586,709 $1,150,713 $4,325,765 $594,428$0 $7,556,819Total$6,731,719 $1,666,456 $28,498,818 $6,035,727 $42,138,090 $545,595 $85,616,405Conservative ModerateAggressiveConservative ModerateAggressiveParticipant Age RangeTotalTotalParticipant Age Rangeaverage contribution rate (%) for active 4.4%GoalMaker participants0.6 Yearsaverage length of time GoalMakerparticipants have been enrolled in GoalMakeractively elected GoalMaker8.2%GoalMaker participation rate for those whoGoalMaker® Participationas of 6/30/20199/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants in GoalMaker $28,553,647 $37,647,449 $64,419,707 $85,616,405# of Participants in GoalMaker 148 218 320 433Participation Rate in GoalMaker 2.8% 4.1% 6.1% 8.2%% of Plan Assets for GoalMaker Participants 4.8% 7.0% 10.8% 13.9%Prudential Book of Business For Plans Offering GoalMaker – As of 12/31/2018The participation rate in GoalMaker is 50.8%.The percentage of plan assets for GoalMaker participants is 20.7%. Percentage of Assets by GoalMaker® Participation Portfolio - As of 6/30/20199.8%40.3%49.9%ConservativeModerateAggressiveDue to rounding, pie chart may not equal 100%25 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 401(A) Employees Retirement SystemPlan SummaryDefault Investor9/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants in GoalMaker $0 $0 $0 $0# of Participants in GoalMaker 0 0 0 0 Participation Rate in GoalMaker0.0% 0.0% 0.0%0.0%% of Plan Assets for GoalMaker Participants0.0% 0.0% 0.0%0.0%Non-Default Investor9/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants In GoalMaker $28,553,647 $37,647,449 $64,419,707 $85,616,405# of Participants in GoalMaker 148 218 320 433Participation Rate in GoalMaker 2.8% 4.1% 6.1% 8.2%% of Plan Assets for GoalMaker Participants 4.8% 7.0% 10.8% 13.9%Total9/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants In GoalMaker $28,553,647 $37,647,449 $64,419,707 $85,616,405# of Participants in GoalMaker 148 218 320 433Participation Rate in GoalMaker 2.8% 4.1% 6.1% 8.2%% of Plan Assets for GoalMaker Participants 4.8% 7.0% 10.8% 13.9%Percentage of Assets byGoalMaker® Investor -As of 6/30/20190.0%100.0%Default InvestorNon-Default InvestorGoalMaker®Participation – Default vs Non-Default InvestorDue to rounding, pie chart may not equal 100%26 Plan SummaryOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Asset ClassLess than 25 25-34 35-44 45-54 55-6465+TotalStable Value$1,519 $138,202 $2,221,692 $10,616,279 $19,974,198 $24,580,091 $57,531,979Fixed Inc-Domestic$1,166 $213,083 $3,075,945 $14,744,971 $14,936,806 $7,933,809 $40,905,780Fixed Inc-Glbl / International$553 $31,021 $396,253 $2,643,083 $3,156,348 $1,290,565 $7,517,822Allocation$496,424 $15,328,860 $48,009,084 $72,268,834 $54,752,650 $39,581,941 $230,437,791Equity - U.S. Large$58,229 $1,956,753 $21,350,179 $56,912,551 $35,353,113 $25,294,383 $140,925,208Equity - U.S. Mid/Small$64,443 $1,630,811 $14,313,441 $29,446,145 $18,159,441 $9,744,915 $73,359,197Equity - Glbl / International$12,384 $908,392 $8,869,042 $22,272,735 $11,103,354 $4,954,296 $48,120,204Alternative / Other$0 $132,210 $2,189,885 $6,611,297 $4,678,202 $3,767,804 $17,379,397Total Assets$634,718 $20,339,331 $100,425,520 $215,515,895 $162,114,112 $117,147,802 $616,177,378% of Assets0.1%3.3% 16.3% 35.0% 26.3% 19.0% 100.0% Active Participants *83729862 1,055658142 3,529 Terminated Participants 12182328333359410 1,624 Other Participants **1322183727108Total Participants96914 1,212 1,406 1,054579 5,261Avg Account Balance$6,612 $22,253 $82,859 $153,283 $153,808 $202,328 $117,122Asset Allocation by Age Group as of June 30, 2019*Multiple Status Participants were counted as Active Participants if their main Participant Status was Active.**Participant(s) who are not active, terminated or suspended, but have an account balance greater than $0 (e.g. break-in-service, rehire, etc.).27 Plan SummaryOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Fund Allocation by Age Group as of June 30, 2019INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$0 $162,400 $10,440,971 $21,331,224 $16,728,631 $16,072,043 $64,735,270GUARANTEED INCOME FUND$1,519 $138,202 $2,221,692 $10,616,279 $19,974,198 $24,580,091 $57,531,979FIDELITY CONTRAFUND FUND$29,667 $291,755 $6,327,282$18,080,528 $11,308,931$11,020,347 $47,058,509JPMORGAN EQUITY INCOME FUND CLASS R5$5,736 $537,301 $5,957,445 $15,399,597 $10,452,109 $6,853,340 $39,205,527TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0 $106,033 $8,741,778 $22,436,670 $2,747,449 $923,135 $34,955,065FIDELITY 500 INDEX FUND$1,482 $506,413 $4,908,036$13,609,596 $8,437,763$5,421,805 $32,885,096TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0 $25,631 $1,735,338 $7,133,058 $14,850,220 $5,819,482 $29,563,728EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$1,936 $245,678 $4,303,643 $11,629,442 $6,779,471 $4,494,575 $27,454,744PGIM TOTAL RETURN BOND FUND -CLASS Z$958 $137,556$1,541,912 $9,978,677 $10,305,843 $5,271,538 $27,236,484MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$7,535$472,476 $4,089,052 $10,900,822 $5,567,567 $2,915,861 $23,953,314FIDELITY GROWTH COMPANY$21,343 $621,285 $4,157,415 $9,822,830 $5,154,311$1,998,891 $21,776,075TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0 $35,563 $756,646 $15,207,455 $3,012,805 $402,484 $19,414,954TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0 $244,634 $16,761,646 $1,260,701 $54,385$1,949 $18,323,314TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$85,731 $7,686,301 $8,225,367 $918,762 $503,232 $43,542 $17,462,935PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$0 $21,979 $30,337 $708,009 $4,665,342 $11,111,235 $16,536,903T. ROWE PRICE NEW HORIZONS FUND$58,526 $933,631 $3,840,400 $5,949,939 $3,678,237 $1,910,768 $16,371,502SELF DIRECTED BROKERAGE ACCOUNT$0 $54,541 $1,431,387 $4,678,199 $3,465,190$3,153,720 $12,783,037FIDELITY SMALL CAP INDEX FUND$0 $143,747 $2,641,301 $4,470,447 $3,559,001$1,582,039 $12,396,535TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$0$270$8,404 $775,333 $9,031,813 $1,009,761 $10,825,582AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$1,598 $104,668 $1,759,475 $4,143,525 $2,181,311 $1,041,358 $9,231,935FIDELITY PURITAN FUND$0 $58,191 $915,744 $2,306,743 $1,922,853 $3,614,332 $8,817,864VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$1,767 $175,045 $1,879,391 $3,573,332 $2,036,571 $977,909 $8,644,015FIDELITY EMERGING MARKETS INDEX FUND$2,932 $215,566 $1,847,127 $3,586,605 $1,878,366 $374,763 $7,905,358BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$553 $31,021 $396,253 $2,643,083 $3,156,348 $1,290,565 $7,517,822FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$2,215 $118,586 $1,386,831 $3,106,579 $1,511,630 $611,077 $6,736,918PIMCO INCOME FUND CLASS A$0 $39,298 $747,551 $1,933,235 $2,026,542 $879,857 $5,626,483AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$8 $95,387 $747,922 $2,580,406 $1,227,479 $515,614 $5,166,817PGIM HIGH YIELD FUND- CLASS Z$0 $23,676 $472,361 $1,716,673 $1,454,337 $1,338,162 $5,005,209TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$12,258 $3,909,211 $342,545 $36,611 $113,525$0 $4,414,149COHEN & STEERS INSTITUTIONAL REALTY SHARES$0$58,823 $652,387 $1,560,966 $1,042,943 $518,872 $3,833,991TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$62,353 $2,922,159$2,799$1,982 $490,458$0 $3,479,751PIMCO REAL RETURN FUND CLASS A$208$1,937 $202,363 $701,951 $521,094 $359,275 $1,786,828FIDELITY MID CAP INDEX FUND$0 $14,125$261,874 $716,406 $594,531 $168,547 $1,755,483FIDELITY INTERNATIONAL INDEX FUND$2 $16,355 $371,079 $890,586 $174,916 $79,444 $1,532,381BNY MELLON NATURAL RESOURCES FUND CLASS I$0 $18,845 $106,110 $372,132 $170,068 $95,212 $762,368INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$0$131 $48,186 $343,854 $271,560 $16,007 $679,738COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$0$461 $33,509 $107,346 $498,671 $30,302 $670,288FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$0 $10,486 $63,572 $70,582 $357,429 $68,969 $571,038TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$336,082 $156,029 $12,205 $33,196 $13,651$0 $551,163TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0$0$0$0 $78,343 $408,988 $487,331VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$309$3,939 $54,387 $170,791 $73,716 $27,256 $330,399TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0$0$1,794 $11,744 $41,272 $144,685 $199,495Total Assets$634,718 $20,339,331 $100,425,520 $215,515,895 $162,114,112 $117,147,802 $616,177,378% of Assets0.1%3.3%16.3%35.0%26.3%19.0% 100.0%Total Participants969141,2121,4061,0545795,261Avg. Account Balance$6,612 $22,253 $82,859 $153,283 $153,808 $202,328 $117,12228 INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS0242653252181791,011GUARANTEED INCOME FUND3391323674003031,244FIDELITY CONTRAFUND FUND6672354313021901,231JPMORGAN EQUITY INCOME FUND CLASS R561132514563101431,279TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS062005753817836FIDELITY 500 INDEX FUND2591814153191871,163TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS012613538048590EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A5882354492921101,179PGIM TOTAL RETURN BOND FUND -CLASS Z3611483863201321,050MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R357616333719297870FIDELITY GROWTH COMPANY10931944263231431,189TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS0118497948618TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS066318371728TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS2253350912511,082PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND02519402995T. ROWE PRICE NEW HORIZONS FUND10116221376250801,053SELF DIRECTED BROKERAGE ACCOUNT0 21634181080FIDELITY SMALL CAP INDEX FUND03812819013155542TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS0134026254360AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E25318832620997875FIDELITY PURITAN FUND0980193165108555VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A69620133321673925FIDELITY EMERGING MARKETS INDEX FUND69218330418144810BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I2317219916154519FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I78217230519055811PIMCO INCOME FUND CLASS A014661257225302AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6134811348927366PGIM HIGH YIELD FUND- CLASS Z012581308844332TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS257268450651COHEN & STEERS INSTITUTIONAL REALTY SHARES022771368224341TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS264342220466PIMCO REAL RETURN FUND CLASS A1445964720213FIDELITY MID CAP INDEX FUND091939327106FIDELITY INTERNATIONAL INDEX FUND11736956223234BNY MELLON NATURAL RESOURCES FUND CLASS I063768319151INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y0151722449COLUMBIA INCOME BUILDER FUND ADVISOR CLASS0262121656FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND0414366325142TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS86392120130TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS0000158297VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES12152112152TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS00210115174Total Participants969141,2121,4061,0545795,261Average # of Funds Per Participant2.23.14.15.85.44.44.6Plan SummaryOakland County 401(A) Employees Retirement SystemParticipant Count by Fund by Age Group as of June 30, 2019For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.29 30Oakland County 401(A) Employees Retirement SystemPlan SummaryFor Plan Sponsor or Consultant Use OnlyAssets and contributions reflect actual participant account balances and do not include outstanding loan balances, forfeitures, and / or expense account assets.Customer should promptly report any inaccuracy or discrepancy to the brokerage firm(s).All oral communications should be re-confirmed in writing to protect the customer’s legal rights, including rights under the Securities Investor Protection act (SIPA).This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and or record keeper. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates.© 2019 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.Prudential’s Book of Business averages are as of 12/31/2018.30 Section II:Oakland County 457(b) Deferred Compensation PlanPlan Summary – 940080Oakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only 31 Plan Summary and Benchmark TrendsOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only 32 Oakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryPlan Demographics Summary3/31/2019 1/1/20191/1/2019-3/31/20194/1/2019-6/30/2019Total Participants*3,2133,272 Active Participants2,4132,454 Terminated Participants696712 Suspended Participants1110 Other Participants**9093 Multiple Status Participants***33Average Participant Balance$84,107$85,415 Average Account Balance for Active Participants$71,160$71,535Median Participant Balance$23,270$23,383 Median Participant Balance for Active Participants$18,376$17,454Participants Age 50 and Over1,6011,638 Total Assets for Participants Age 50 and Over$212,217,932 $220,360,352Total (Contributions + Rollovers In)$2,605,516 $3,067,940 Employee Contributions$2,551,477 $2,915,446 Rollovers In$54,039 $152,495Total Distributions($3,044,341) ($2,895,734)Percentage of Assets Distributed1.1%1.0%Market Value Gain / Loss****$27,013,020 $9,220,022Total Participant Balances$270,237,238 $279,476,972*** Participant(s) with an account balance greater than $0 in more than one participant status category (e.g. Active status in one subplan but Terminated status in another subplan).****This is not the equivalent of a plan level return on investment due to the timing of additions, distributions and underlying investment performance. *Participant(s) with an account balance greater than $0. **Participant(s) who are not active, terminated or suspended, but have an account balance greater than $0 (e.g. break-in-service, rehire, etc.). Rollovers In is the total dollars credited to participant accounts within the period defined that originated in other qualified retirement plan accounts.33 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryPlan FeaturesGoalMaker3/31/2019 6/30/2019Plan Assets for Participants in GoalMaker $24,102,711 $30,465,949% of Plan Assets for GoalMaker Participants 8.9% 10.9%# of Participants in GoalMaker331 449 Participation Rate in GoalMaker 10.3% 13.7% Prudential % of Participants in GoalMaker - As of 12/31/2018IncomeFlex3/31/2019 6/30/2019% of Plan Assets Invested in IncomeFlex Funds for IncomeFlex Participants 44.6% 51.1%# of Participants in IncomeFlex13 16 Participation Rate in IncomeFlex 0.4% 0.5%Prudential % of Participants in IncomeFlex - As of 12/31/2018Auto Features3/31/2019 6/30/2019 % of Contributing Participants in Contribution Accelerator 4.7% 5.8%Prudential % of Contributing Participants in Contribution Accelerator - As of 12/31/2018Stable Value3/31/2019 6/30/2019Participation Rate in Stable Value 31.2% 31.9%% of Plan Assets in Stable Value 12.3% 12.3%Prudential % of Plan Assets in Stable Value - As of 12/31/201850.8%6.2%33.4%25.8%Participant Activity Call Center / Website Statistics1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Total Call Volume330 371Loans1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Amount of New Loans Taken $98,855 $247,406# of New Loans719# of Outstanding Active Loans 305 295% of Participants have Outstanding Active Loans 7.2% 6.9%Prudential % of Participants have Outstanding Active Loans - As of 12/31/2018 14.2%Transaction SummaryTransactions1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Total Enrollees* 76 98 Contribution Rate Increases for Active Participants** 331 280 Contribution Rate Decreases for Active Participants** 121 86Total Contribution Rate Changes** 452 366Number of Participants with Transfers 175 181Loan Initiations 7 19Distributions 216 221**Sum of month over month contribution rate (% and $) changes are for active participants during the reporting period. This excludes any terminations, enrollments or auto enrollments(if applicable on the plan) during the respective months in which contribution rate changes occurred.*Number of participants that w ere enrolled into the plan w ithin the reporting period. This can include those individuals w ho self enrolled or auto enrolled, if applicable on the plan. Rehires may not be included if their original enrollment date falls outside the reporting period.34 For Plan Sponsor or Consultant Use OnlyPlan SummaryOakland County 457(b) Deferred Compensation PlanBenchmark Trends – Plan FeaturesPlan FeaturesYour PlanPrudential Book ofBusinessIndustryAverage*Plan Sponsor Survey 2018**Plan Sponsor Survey 2019***Auto Enrollment (Administered Through Prudential)No 52.4% 34.4% 41.3% 46.3%Auto Enrollment Default Rate NA 3% (46.3% of Plans) 29.6% 40.7% 38.9%Contribution Accelerator (Administered Through Prudential)Yes 49.6% 23.4% 33.6% 37.8%GoalMaker® Yes 69.5% NA NA NAInvestment Options 42.0 13.3 26.3 22.8 24.9IncomeFlex® Yes 25.2% 19.8% 7.1% 9.9%Loans Yes 63.5% 78.1% 79.3% 91.6%Plan Allows Roth No 31.0% 56.0% 68.5% 71.8%Plan Allows Catch-Up Contributions (Administered Through Prudential)Yes 48.1% NA NA NA **2018 Annual Survey, 2018 (Overall) ***2019 Annual Survey, 2019 (Overall) *Annual Survey, 2019 (Industry Specific Results) – Government County This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and/or record keeper.© 2019 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.Prudential’s Book of Business averages are as of 12/31/2018External Benchmark Source: PLANSPONSOR Defined Contribution Annual Survey 35 For Plan Sponsor or Consultant Use OnlyPlan SummaryOakland County 457(b) Deferred Compensation PlanBenchmark Trends – Participant BehaviorPlan FeaturesYour PlanPrudential Book ofBusinessIndustryAverage*Plan Sponsor Survey 2018**Plan Sponsor Survey 2019***Participation Rate67.5%71.0%66.7%79.3%79.2%Average Contribution Rate (%)8.6%7.4%6.7%6.6%6.8%Average Account Balance$85,415$64,203$73,643$97,903$102,586Median Account Balance$23,383$64,672$53,025$75,000$77,204% of Plan Assets in Stable Value12.3%25.8%NANANAAverage # of Funds Held5.15.55.25.75.5% of 55+ Participants Utilizing IncomeFlex®0.3%9.2%NANANA% of Participants Utilizing GoalMaker®13.7%50.8%NANANA% of Participants have Outstanding Active Loans6.9%14.2%15.4%13.0%13.5%Average Loan Balance$7,081$7,665$9,101$10,189$10,257 **2018 Annual Survey, 2018 (Overall) ***2019 Annual Survey, 2019 (Overall)Prudential’s Book of Business averages are as of 12/31/2018External Benchmark Source: PLANSPONSOR Defined Contribution Annual Survey *Annual Survey, 2019 (Industry Specific Results) – Government County This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and/or record keeper.© 2019 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.36 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryAsset Allocation/Net Activity By AgeApril 1, 2019 to June 30, 2019Less than 25 25-3435-4445-5455-6465+TotalTotal Participant Balances$82,324 $2,962,792 $22,127,417 $74,353,370 $98,164,210 $81,786,858 $279,476,972% Assets0.0%1.1%7.9%26.6%35.1%29.3%100.0%Average Contribution Rate ($)$72$86$128$174$237$353$169Average Contribution Rate (%)6.0%6.4%6.9%8.0%15.0%18.5%8.6%Prudential Avg. Contribution Rate (%) as of 12/31/20184.8%5.8%6.6%7.8%9.5%11.1%7.4% Contributions$21,059 $274,989 $521,504 $1,074,733 $831,232 $191,928 $2,915,446 Rollovers In*$4,533 $21,608 $73,024 $13,458 $39,873$0 $152,495Total (Contributions + Rollovers In)$25,592 $296,597 $594,528 $1,088,191 $871,105 $191,928 $3,067,940 Cash Distributions$0 ($9,522) ($23,368) ($219,971) ($485,186) ($705,876) ($1,443,922) Rollovers Out$0 ($6,874) ($83,589) ($129,253) ($117,773) ($1,114,323) ($1,451,812)Total (Cash Distributions + Rollovers Out)$0 ($16,395) ($106,957) ($349,224) ($602,959) ($1,820,198) ($2,895,734)Net Activity$25,592 $280,202 $487,570 $738,967 $268,146 ($1,628,270) $172,206Total Participants344496479567854013,272Average Account Balance$2,421$6,599 $34,200 $77,775 $125,050 $203,957$85,415Median Account Balance$1,473$2,727 $10,559 $34,094 $55,940 $88,385$23,383High Balance$9,840 $120,628 $428,125 $767,562 $1,342,409 $1,729,613Low Balance$7$7$4$6$3$0Prudential Avg. Account Balance as of 12/31/2018$2,900 $13,375 $39,050 $76,411 $106,786 $113,266$64,203*Rollovers In is the total dollars credited to participant accounts within the period defined that originated in other qualified retirement plan accounts.Average Balance By Years of Service as of June 30, 2019Years of Service 0 - 5 6 - 10 11 - 15 16 - 20 21 - 25 26 - 30 31 - 35 36 - 40 41 - 45 46 - 50 51 -55Average Account Balance* $9,734 $19,322 $37,799 $63,397 $123,667 $146,151 $148,748 $324,448 $348,123 $750,972 $1,358,292* Active Employees37 Retirement ReadinessOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.38 Oakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryParticipation Rate As of June 30, 20193/31/20196/30/2019 Total Eligible To Contribute Population3,5393,541 Contributing (A)2,3382,390 Enrolled Not Contributing (B)10397 Eligible Not Enrolled (C)1,0981,0543/31/20196/30/2019Participation Rate *66.1%67.5% Prudential Book of Business 12/31/2018 Plan Sponsor Survey 2019 - National Average71.0%79.2%* Participation Rate is calculated by A/(A+B+C)Definitions:Eligible Not Enrolled – An individual who meets the requirements to join the plan, but has not enrolled in the plan (as of close of business on the last business day of the period).Contributing – Count of participants who are active/eligible and have a contribution rate (%) or amount ($) greater than zero (as of close of business on the last business day of the period).Enrolled Not Contributing – An individual who is enrolled in the plan, but does not have a contribution rate (%, $) greater than zero (as of close of business on the last business day of the period).67.5%2.7%29.8%ContributingEnrolled Not ContributingEligible Not EnrolledDue to rounding, pie chart may not equal 100%39 Oakland County 457(b) Deferred Compensation PlanPlan SummaryFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.ContributingEnrolled Not ContributingEligible Not EnrolledAnimal Control13 1 7 61.9%Aviation & Transportation13 0 6 68.4%Board Of Commissioners15 0 16 48.4%Children's Village69 3 109 38.1%Circuit Court203 11 135 58.2%Clerk/Register of Deeds54 2 27 65.1%Community & Home Improvement16 0 3 84.2%Community Corrections30 1 14 66.7%Compliance Office13 0 2 86.7%Corporation Counsel/Risk Management21 1 4 80.8%County Executive 35 0 9 79.5%District Court Administration1 0 0 100.0%Economic Dev & Comm Affairs5 1 4 50.0%Equalization63 2 12 81.8%Facilities 89 5 71 53.9%Health177 4 95 64.1%Homeland Security6 0 2 75.0%Human Resources36 3 1 90.0%IT97 6 30 72.9%Library Board4 0 1 80.0%Management & Budget/Fiscal Services71 0 9 88.8%Medical Examiner 15 1 3 78.9%MSU Extension2 0 4 33.3%Parks and Recreation51 1 25 66.2%Planning & Economic Development27 0 9 75.0%Probate Court21 2 17 52.5%LocationParticipantsParticipation Rate %6/30/2019Participation Rate By Employee Location as of June 30, 2019By Location NameContributingEnrolled Not ContributingEligible Not EnrolledProsecuting Attorney94 1 57 61.8%Sheriff514 18 96 81.8%Sheriff/Addison4 1 1 66.7%Sheriff/Brandon10 0 1 90.9%Sheriff/Commerce32 0 2 94.1%Sheriff/Highland14 0 3 82.4%Sheriff/Independence29 0 1 96.7%Sheriff/Lyon17 1 2 85.0%Sheriff/Oakland13 0 1 92.9%Sheriff/Orion29 0 2 93.5%Sheriff/Oxford16 1 0 94.1%Sheriff/Pontiac61 3 15 77.2%Sheriff/Rochester Hills53 0 6 89.8%Sheriff/Springfield9 0 1 90.0%Support Services19 0 10 65.5%Treasurer26 5 7 68.4%Veterans Services Admin10 0 2 83.3%Water Resources Commissioner184 9 114 59.9%Workforce Development4 0 2 66.7%52/1 District Court35 0 12 74.5%52/2 District Court17 0 4 81.0%52/3 District Court20 2 18 50.0%52/4 District Court14 0 9 60.9%#N/A19 12 73 18.3%Total2390 97 1054 67.5%LocationParticipantsParticipation Rate %6/30/201940 Oakland County 457(b) Deferred Compensation PlanPlan SummaryFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Participation Rate By Employee Location as of June 30, 2019By Participation Rate %ContributingEnrolled Not ContributingEligible Not EnrolledDistrict Court Administration1 0 0 100.0%Sheriff/Independence29 0 1 96.7%Sheriff/Commerce32 0 2 94.1%Sheriff/Oxford16 1 0 94.1%Sheriff/Orion29 0 2 93.5%Sheriff/Oakland13 0 1 92.9%Sheriff/Brandon10 0 1 90.9%Human Resources36 3 1 90.0%Sheriff/Springfield9 0 1 90.0%Sheriff/Rochester Hills53 0 6 89.8%Management & Budget/Fiscal Services71 0 9 88.8%Compliance Office13 0 2 86.7%Sheriff/Lyon17 1 2 85.0%Community & Home Improvement16 0 3 84.2%Veterans Services Admin10 0 2 83.3%Sheriff/Highland14 0 3 82.4%Sheriff514 18 96 81.8%Equalization63 2 12 81.8%52/2 District Court17 0 4 81.0%Corporation Counsel/Risk Management21 1 4 80.8%Library Board4 0 1 80.0%County Executive 35 0 9 79.5%Medical Examiner 15 1 3 78.9%Sheriff/Pontiac61 3 15 77.2%Homeland Security6 0 2 75.0%Planning & Economic Development27 0 9 75.0%LocationParticipantsParticipation Rate %6/30/2019ContributingEnrolled Not ContributingEligible Not Enrolled52/1 District Court35 0 12 74.5%IT97 6 30 72.9%Aviation & Transportation13 0 6 68.4%Treasurer26 5 7 68.4%Community Corrections30 1 14 66.7%Sheriff/Addison4 1 1 66.7%Workforce Development4 0 2 66.7%Parks and Recreation51 1 25 66.2%Support Services19 0 10 65.5%Clerk/Register of Deeds54 2 27 65.1%Health177 4 95 64.1%Animal Control13 1 7 61.9%Prosecuting Attorney94 1 57 61.8%52/4 District Court14 0 9 60.9%Water Resources Commissioner184 9 114 59.9%Circuit Court203 11 135 58.2%Facilities 89 5 71 53.9%Probate Court21 2 17 52.5%Economic Dev & Comm Affairs5 1 4 50.0%52/3 District Court20 2 18 50.0%Board Of Commissioners15 0 16 48.4%Children's Village69 3 109 38.1%MSU Extension2 0 4 33.3%#N/A19 12 73 18.3%Total2,390 97 1,054 67.5%LocationParticipantsParticipation Rate %6/30/201941 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryRetirement Income Calculator (RIC) AnalysisTotal Retirement Income Calculator Completions - Number of RIC completions for the given time period. If a single participant completed the RIC multiple times within the given time period, they would be counted multiple times.Unique Completions: Total number of unique active/eligibles that completed the retirement income calculator during the reporting periodContribution Rate Increases: Total number of active/eligibles that completed the retirement income calculator and increased their contribution rate.Average Balance RIC Participant - For participants who have a balance greater than $0 that have previously completed the RIC - The total balance of active participants divided by the total count of active participantsAverage Balance Non-RIC Participant - For participants who have a balance greater than $0 that have NOT previously completed the RIC - The total balance of active participants divided by the total count of active participantsAverage Contribution Rate RIC Participant - For participants who have completed the RIC - The total of all contribution rates (%) for active participants who have completed the RIC divided by the number of active participants that have completed the RIC who have non-zero contribution rates.Average Contribution Rate Non RIC Participant - For participants who have NOT completed the RIC - The total of all contribution rates (%) for active participants who have completed the RIC divided by the number of active participants that have completed the RIC who have non-zero contribution rates.Average Income Replacement, RIC Participant - Calculated by summing the income replacement percentages of all active, eligible & suspended participants who have completed the RIC divided by the total count of all those active, eligible & suspended participants that have completed the RIC. Individuals not enrolled in the plan are excluded from the calculation.Average Income Replacement, Non- RIC Participant - Calculated by summing the income replacement percentages of all active, eligible & suspended participants who have not completed the RIC divided by the total count of all those active, eligible & suspended participants that have completed the RIC. Individuals not enrolled in the plan are excluded from the calculation.Participant - An individual who has enrolled in the plan and has a non-zero account balance.Total Retirement Income Calculator Completions445Unique Completions360Contribution Rate Increase56Average Balance, RIC Participant$72,200Average Balance, Non-RIC Participant$75,685Average Contribution Rate, RIC Participant8.75%Average Contribution Rate, Non-RIC Participant8.37%Total Count of Participants with a RIC Gap975Average RIC Gap $3,176Total Count of Participants with a RIC Surplus319Average RIC Surplus $2,098Average Income Replacement, RIC Participant61%Average Income Replacement, Non-RIC Participant81%Since Inception for Currently Active Participants as of 6/30/20194/1/2019 - 6/30/201942 IncomeFlex ParticipationFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryAs Of 6/30/2019<=44 45-54 55-64 65+ Grand TotalParticipants Enrolled in IncomeFlex 6 6 3 1 16IncomeFlex AssetsAs of 6/30/2019, the participants invested in IncomeFlex have 51.1% of their total plan assets in these funds, with an average balance of $52,480.IncomeFlex UtilizationDuring the period of 4/1/2019 to 6/30/2019, the IncomeFlex participation rate was 0.5%.43 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryAuto Features (1 of 2)As of June 30, 201944 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryAuto Features (2 of 2)Number of Participants in both Auto Enrollment & Contribution Accelerator as of Reporting End Date: Total number of participants with an auto enrollment date as of end of reporting period, did not decline auto enrollment, and did not change any of their default options. In addition, these participants were enrolled or defaulted into Contribution Accelerator and still remain in the program as of the reporting end date.Number of Participants in Auto Enrollment Status: Total number of participants with an auto enrollment date as of end of reporting period, did not decline auto enrollment , and did not change any of their default options.Number of Participants That Were Auto Enrolled During the Reporting Period: Participants with an auto enrollment date between the beginning and end date of the reporting period. If a participant later declined auto enrollment or made a change to their default option(s), the participant is still included in this count because their auto enrollment date is within the reporting period.Auto Enrollment Default Options: A pre-selected set of choices made for the participant by the plan (contribution rate, investment(s), and asset allocation).Number of Auto Enrolled Participants Who Stopped Participating: Total number of individuals who were previously auto enrolled, but decided to set their contribution rate to 0% during the reporting period.Number of Auto Enrollment Declines: Total number of individuals who are active/eligible, but declined from being automatically enrolled into the Plan during the reporting period.Number of Contribution Accelerator Declines: Total number of individuals who are active/eligible, but declined from having their contribution rate automatically increased. This could include new enrollees or those who were previously enrolled in Contribution Accelerator at one time. For Opt-In Plans, this would also include participants who made a contribution rate change via Participant Website and decided not to select the “Activate” Contribution Accelerator prompt upon making their contribution rate change.Auto Features4/1/2019 - 6/30/2019 Number of Participants Enrolled Into Contribution Accelerator During the Reporting Period33 Number of Participants That Declined Contribution Accelerator During the Reporting Period114 Number of Participants Enrolled Into Contribution Accelerator During the Reporting Period and Still Remain in the Program31 Defaulted Into Contribution Accelerator0 Opted Into Contribution Accelerator31 Opted Into Contribution Accelerator at 1% Contribution Increment26 Opted Into Contribution Accelerator at >1% Contribution Increment5Contribution Accelerator45 Plan ActivityOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.46 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.INVESTMENT OPTIONS1/1/2019 - 3/31/2019 % 4/1/2019 - 6/30/2019 %Change%FIDELITY 500 INDEX FUND$290,89011.4%$320,12511.0%$29,23510.1%FIDELITY GROWTH COMPANY$255,88510.0%$278,6089.6%$22,7238.9%GUARANTEED INCOME FUND$191,2107.5%$214,3997.4%$23,18812.1%JPMORGAN EQUITY INCOME FUND CLASS R5$119,5394.7%$158,6455.4%$39,10732.7%TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$129,4105.1%$150,4925.2%$21,08216.3%T. ROWE PRICE NEW HORIZONS FUND$116,3614.6%$146,2525.0%$29,89125.7%TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$127,2865.0%$134,9534.6%$7,6676.0%PGIM TOTAL RETURN BOND FUND -CLASS Z$98,0643.8%$118,4464.1%$20,38220.8%TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$114,7204.5%$116,7504.0%$2,0301.8%TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$118,4324.6%$109,2173.8%($9,216)-7.8%MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$61,1532.4%$101,0243.5%$39,87165.2%FIDELITY PURITAN FUND$95,5653.8%$99,0483.4%$3,4833.6%TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$65,7792.6%$86,8493.0%$21,07032.0%TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$79,0063.1%$86,2523.0%$7,2469.2%AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$76,3073.0%$82,5362.8%$6,2288.2%EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$53,3062.1%$65,4432.2%$12,13722.8%VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$52,9382.1%$64,6922.2%$11,75422.2%FIDELITY CONTRAFUND FUND$57,5242.3%$62,9692.2%$5,4459.5%TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$48,8811.9%$61,5452.1%$12,66425.9%FIDELITY EMERGING MARKETS INDEX FUND$42,3411.7%$59,0542.0%$16,71339.5%FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$44,8661.8%$51,4411.8%$6,57514.7%FIDELITY SMALL CAP INDEX FUND$34,2661.3%$40,4591.4%$6,19318.1%BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$24,5031.0%$35,2781.2%$10,77544.0%TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$23,7320.9%$34,3561.2%$10,62544.8%FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$28,2091.1%$32,5601.1%$4,35115.4%FIDELITY INTERNATIONAL INDEX FUND$22,0140.9%$23,2000.8%$1,1865.4%COHEN & STEERS INSTITUTIONAL REALTY SHARES$18,8060.7%$21,2060.7%$2,40012.8%FIDELITY MID CAP INDEX FUND$14,9590.6%$19,6370.7%$4,67831.3%AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$13,4950.5%$16,1770.6%$2,68219.9%PGIM HIGH YIELD FUND- CLASS Z$12,9220.5%$16,0530.6%$3,13124.2%INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$13,6190.5%$14,8410.5%$1,2219.0%PIMCO INCOME FUND CLASS A$10,1840.4%$13,8990.5%$3,71536.5%TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$10,7620.4%$13,0410.5%$2,27821.2%PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$10,0320.4%$12,8190.4%$2,78727.8%VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$9,6940.4%$10,6560.4%$9629.9%TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$12,4010.5%$10,5680.4%($1,833) -14.8%TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$34,3651.4%$9,0440.3%($25,321) -73.7%TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$6,7450.3%$8,3250.3%$1,58123.4%COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$5,0540.2%$6,0080.2%$95318.9%BNY MELLON NATURAL RESOURCES FUND CLASS I$4,3190.2%$5,9570.2%$1,63837.9%PIMCO REAL RETURN FUND CLASS A$1,9330.1%$2,6250.1%$69335.8%Total Assets Contributed$2,551,477100.0%$2,915,446100.0%$363,96914.3%Contributions by FundOakland County 457(b) Deferred Compensation PlanPlan Summary47 INVESTMENT OPTIONSINOUTNETGUARANTEED INCOME FUND$1,980,562 ($508,523) $1,472,039MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$1,104,865($86,484) $1,018,381PGIM TOTAL RETURN BOND FUND -CLASS Z$835,088 ($216,421) $618,666JPMORGAN EQUITY INCOME FUND CLASS R5$789,020 ($391,773) $397,247BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$417,022($79,693) $337,329TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$348,292($85,387) $262,905TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$287,692($31,297) $256,396FIDELITY EMERGING MARKETS INDEX FUND$360,406 ($107,717) $252,689FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$368,843 ($138,700) $230,143PIMCO INCOME FUND CLASS A$213,325($2,461) $210,864PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$172,771$0$172,771VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$203,801 ($105,806)$97,995COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$93,842($3)$93,839EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$279,159 ($189,906)$89,253PGIM HIGH YIELD FUND- CLASS Z$124,673($77,634)$47,039PIMCO REAL RETURN FUND CLASS A$24,371$0$24,371INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$112,698($98,011)$14,687FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$228,644 ($221,106)$7,538TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$147,093 ($143,323)$3,769TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$0($6,774)($6,774)TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$1,073($8,120)($7,047)FIDELITY MID CAP INDEX FUND$84,701($92,826)($8,125)VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$2,289($18,950)($16,661)TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$0($28,898)($28,898)BNY MELLON NATURAL RESOURCES FUND CLASS I$0($40,963)($40,963)SELF DIRECTED BROKERAGE ACCOUNT$78,050 ($126,989)($48,939)TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$655($54,934)($54,279)AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$21,417($91,373)($69,956)COHEN & STEERS INSTITUTIONAL REALTY SHARES$71,343 ($152,306)($80,963)FIDELITY INTERNATIONAL INDEX FUND$130 ($110,694) ($110,565)FIDELITY SMALL CAP INDEX FUND$58,255 ($203,475) ($145,220)TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$100 ($330,554) ($330,454)TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$17,643 ($376,547) ($358,903)AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$42,504 ($408,494) ($365,989)FIDELITY PURITAN FUND$30,025 ($397,768) ($367,742)TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$21,631 ($392,115) ($370,485)FIDELITY CONTRAFUND FUND$69,641 ($544,218) ($474,577)T. ROWE PRICE NEW HORIZONS FUND$257,140 ($778,223) ($521,083)TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$86,663 ($630,086) ($543,424)FIDELITY GROWTH COMPANY$429,269 ($1,189,084) ($759,815)FIDELITY 500 INDEX FUND$227,805 ($1,124,866) ($897,061)TOTAL$9,592,502 ($9,592,502)$04/1/2019 to 6/30/2019For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryOakland County 457(b) Deferred Compensation PlanInterfund Transfers48 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Participant Distribution StatisticsOakland County 457(b) Deferred Compensation PlanPlan SummaryTotalAmount of Withdrawals Taken1/1/2019 - 4/1/2019 -1/1/2019 - 4/1/2019 -Distribution Type3/31/2019 6/30/2019 Change% Change 3/31/2019 6/30/2019 Change % ChangeTermination$2,609,043 $2,472,136 ($136,908)-5%768379%Installment Payment$196,633 $228,948 $32,31516%11812354%Required Minimum Distribution$138,523 $57,575 ($80,948)-58%135(8)-62%Death Distribution$9,420 $135,131 $125,7111335%58360%QDRO$86,095$0 ($86,095)-100%20(2)-100%Hardship Withdrawal$2,749$1,944($805)-29%121100%In-Service Withdrawal$1,877$0 ($1,877)-100%10(1)-100%Grand Total$3,044,341 $2,895,734 ($148,606)-5%21622152%# of WithdrawalsHardship Withdraw al - A distribution which is requested by a participant because of an immediate and heavy financial need that cannot be satisfied from other resources.In-Service Withdrawal - A distribution that is taken while the participant is still active, before termination from employment.Termination - A withdraw al that is taken when the participant is active and terminating from employment or is already in a 'Terminated' status.Installment Payment - An Installment distribution is a payment option that disburses funds over time (i.e. monthly, quarterly, yearly).Required Minimum Distribution - Minimum amounts that a participant must withdraw annually upon reaching a certain age or retirement. This would exclude any beneficiary or QDRO accounts.Death Distribution - Distribution taken by a beneficiary. This could include required minimum distributions, installment payments, etc.QDRO - Distribution taken by the recipient of a QDRO. This could include required minimum distributions, installment payments, etc.Distribution Sub-TypeAge < 50 Age >= 50 TotalAge < 50 Age >= 50 TotalRollover$217,597 $1,234,214 $1,451,8128917Cash$110,764 $1,333,158 $1,443,92214190204Grand Total$328,361 $2,567,373 $2,895,73422199221Amount of Withdrawals Taken# of Withdrawals4/1/2019 - 6/30/201949 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Rollover Distributions StatisticsOakland County 457(b) Deferred Compensation PlanPlan SummaryRollover InstitutionRolloevr Distribution Amount# of Ppts Rollover InstitutionRolloevr Distribution Amount# of Ppts Rollover InstitutionRolloevr Distribution Amount# of PptsCharles Schwab $348,326 3 Fidelity $450,429 5 TD Ameritrade $653,919 4Fidelity $317,148 3 Putnam $430,728 1 Fifth Third Bank $580,746 1LPL $273,004 1 Baird $233,460 1 Pershing $106,587 1Pershing $237,434 2 Thrivent Financial $231,058 1 VantagePoint Trnsfr $38,305 3Ameriprise $172,682 1 Vibe Credit Union $144,518 1 Thrivent Financial $24,427 1Lincoln National Life $113,785 1 FBL Financial $121,332 1 Raymond James $19,639 1Raymond James $96,963 2 Genisys Credit Union $69,594 1 Edw ard Jones $12,102 1Thrift Savings Plan $57,291 1 Thrift Savings Plan $38,163 1 Morgan Stanley $8,092 1Edw ard Jones $55,661 2 Vanguard $8,708 1 AEIS $4,394 1TD Ameritrade $45,043 1 Merrill Lynch $398 1 USAA $2,119 1Allianz $40,796 1 Raymond James $120 1 Ameriprise $1,331 1Merrill Lynch $31,549 1 Morgan Stanley $17 1 LPL $150 1PFS Investments $16,603 1 Total $1,728,526 16 Total $1,451,812 17Morgan Stanley $5,980 1Vanguard $1,621 2TIAA $304 1Total $1,814,190 2410/1/2018 - 12/31/2018 1/1/2019 - 3/31/2019 4/1/2019 - 6/30/201950 Loan ActivityFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryLoan Utilization By Participant Age*Includes all participant statuses with balance > $0. <25 25-34 35-44 45-54 55-64 65+ OverallParticipants*34 449 648 956 785 402 3,274w/Loan0 5 38 96 72 15 2260.0%1.1%5.9%10.0%9.2%3.7%6.9%% of Participants With Withdrawal ActivityAs of 6/30/20194/1/2019 - 6/30/2019Average loan balance is $7,0810.6% initiated a new loanPrudential Book of Business Average is $7,665 as of 12/31/20180.1% initiated Hardship Withdrawal6.9% of participants have outstanding active loans14.2% Prudential Book of Business Average as of 12/31/201830.5% of participants with loans that have multiple loans24.6% Prudential Book of Business Average as of 12/31/201851 Participant Loan StatisticsFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers. Amount of Loans Taken # of Active LoansLoan Initiations1/1/2019-3/31/20194/1/2019-6/30/2019Change % Changeas of 3/31/2019as of 6/30/2019Change % ChangeGeneral Purpose $98,855 $238,606 $139,751 141% 273 262 (11) (4%)Residential $0 $8,800 $8,800 0% 32 33 1 3%Grand Total $98,855 $247,406 $148,551 150% 305 295 (10) (3%)1/1/2019-3/31/20194/1/2019-6/30/2019# of Outstanding Active Loans305295# of New Loans719Average Loan Balance$6,848 $7,081Total Outstanding Loan Balance $2,088,641 $2,089,011Oakland County 457(b) Deferred Compensation PlanPlan Summary# of Oustanding Active LoansParticipant Count1 157269Total22652 Participant Transaction StatisticsFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryDefinitions:Unique Callers – The number of individuals that spoke to a Participant Service Center Representative during the reporting period (e.g., If the same individual called five times during the reporting period, they would only be counted once). Total Call Volume – The number of calls to a Participant Service Center Representative during the reporting period (e.g., If the same individual called five times during the reporting period, they would be counted five times). 7/1/2018 - 9/30/201810/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/2019Call CenterUnique Callers 267 296 215 237Total Call Volume 426 456 330 371Call Center Reason Category7/1/2018 - 9/30/201810/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/2019Account Explanations 102 109 77 90Allocation Changes & Exchange 14 19 5 8Contributions 9 14 8 9Disbursements 140 159 126 129Enrollments 3 4 5 3Forms 2 242Fund Information 8 6 3 3Hardships 18 12 16 12IFX 0 101IVR or Web Assistance 31 28 5 8Loans 65 48 46 55Other 4 3 2 9Payment Questions 0 0 0 0Plan Explanations 6 11 3 7Regen Reg Letter 0 0 0 0Status of Research 2 3 2 1Tax Information 0 094Website Processing 22 37 19 30Total 426 456 330 37153 Investment DiversificationOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.54 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.0%10%20%30%40%50%60%70%80%90%100%Less than 25 25-34 35-44 45-54 55-64 65+Stable ValueFixed Inc-DomesticFixed Inc-Glbl / InternationalAllocationEquity - U.S. LargeEquity - U.S. Mid/SmallEquity - Glbl / InternationalAlternative / OtherLess than 25 25-34 35-44 45-54 55-64 65+ TotalParticipants Invested in Only One Fund 13 213 250 273 241 127 1,117Average # of Funds per Participant 5.4 4.8 4.8 5.6 5.4 4.3 5.1Prudential Participants Avg. # of Funds per Participant as of 12/31/2018 6.1 6.0 5.8 5.6 5.4 4.1 5.5% of Plan Assets in Stable Value 0.5% 1.1% 1.9% 6.0% 14.6% 18.3% 12.3%Prudential % of Plan Assets in Stable Value as of 12/31/2018 11.3% 10.1% 12.3% 17.5% 29.3% 47.1% 25.8%Assets by Asset Class and Age as of June 30, 2019Oakland County 457(b) Deferred Compensation PlanPlan SummaryFund Utilization By Age as of June 30, 2019Asset AllocationAsset ClassYour Plan Assets as of 6/30/2019 Your Plan % as of 6/30/2019Stable Value $34,257,007 12.3%Fixed Inc-Domestic $20,211,335 7.2%Fixed Inc-Glbl / International $3,202,680 1.2%Allocation $66,030,217 23.6%Equity - U.S. Large $96,012,137 34.4%Equity - U.S. Mid/Small $30,422,180 10.9%Equity - Glbl / International $18,954,886 6.8%Alternative / Other $10,386,530 3.7%Total Participant Balances $279,476,972 100.0%55 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.The funds in boldtype denote inclusion in the GoalMaker®product.Oakland County 457(b) Deferred Compensation PlanPlan SummaryUtilization by Fund as of June 30, 2019INVESTMENT OPTIONSBalance % Invested in Fund # of PptsPpts Using as Sole InvestmentFIDELITY GROWTH COMPANY$45,530,875 16.3% 1,389 39GUARANTEED INCOME FUND$34,257,007 12.3% 1,044 127FIDELITY 500 INDEX FUND $31,212,105 11.2% 1,047 27FIDELITY PURITAN FUND $14,422,851 5.2% 512 32PGIM TOTAL RETURN BOND FUND -CLASS Z$12,557,603 4.5% 911 2TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS $12,348,682 4.4% 183 83T. ROWE PRICE NEW HORIZONS FUND$12,084,979 4.3% 1,162 24JPMORGAN EQUITY INCOME FUND CLASS R5$11,473,173 4.1% 1,023 3TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS $8,254,435 3.0% 156 98SELF DIRECTED BROKERAGE ACCOUNT $7,955,842 2.8% 112 4FIDELITY CONTRAFUND FUND $7,795,983 2.8% 690 7AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E $6,539,598 2.3% 768 2TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS $6,068,346 2.2% 199 108MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$5,958,429 2.1% 523 0EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$5,751,442 2.1% 769 3VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$4,782,059 1.7% 978 1TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS $4,710,074 1.7% 68 28TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS $3,987,625 1.4% 185 115TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS $3,897,904 1.4% 76 16FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$3,836,392 1.4% 954 0TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS $3,727,743 1.3% 155 95BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$3,202,680 1.1% 443 0FIDELITY EMERGING MARKETS INDEX FUND$2,978,639 1.1% 857 0FIDELITY SMALL CAP INDEX FUND $2,864,407 1.0% 226 1TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$2,681,9521.0%758FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$2,630,0080.9%2295COHEN & STEERS INSTITUTIONAL REALTY SHARES$2,119,4160.8%1696PGIM HIGH YIELD FUND- CLASS Z$2,068,3840.7%1970TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$1,906,4780.7%153112FIDELITY INTERNATIONAL INDEX FUND$1,884,8130.7%3291INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$1,542,0840.6%1020COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$1,531,6070.5%732PIMCO INCOME FUND CLASS A$1,147,7510.4%730FIDELITY MID CAP INDEX FUND$1,102,9020.4%1232AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$1,074,1040.4%3221TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$840,4000.3%12392PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$839,6830.3%163TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$604,4190.2%8561VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$519,3030.2%780BNY MELLON NATURAL RESOURCES FUND CLASS I$311,2730.1%650PIMCO REAL RETURN FUND CLASS A$265,5040.1%340TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$208,0170.1%229Total$279,476,972100.0%56 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryInvestment UtilizationDue to rounding, bar graph may not equal 100%57 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryActive/Suspended Terminated Active/Suspended Terminated Active/Suspended TerminatedLess than 25 1 0 4 0 5 0 1025-34901414406835-44702226419645-5412150490215955-641833623239465+23916122Total497135102417449Active/Suspended Terminated Active/Suspended Terminated Active/Suspended TerminatedLess than 25$508$0$5,250$0$9,888$0 $15,64625-34$18,112$0$51,565$331 $228,486$0 $298,49435-44$34,752$0 $797,103 $1,850 $3,156,396 $69,718 $4,059,82045-54$798,547 $319,064 $3,935,080 $501,419 $7,515,260 $8,016 $13,077,38555-64$2,493,663 $331,266 $3,361,048 $202,772 $3,004,041 $353,550 $9,746,34065+$240,858 $587,410 $1,110,365 $181,658 $982,493 $165,482 $3,268,265Total$3,586,440 $1,237,739 $9,260,411 $888,030 $14,896,564 $596,766 $30,465,949Conservative ModerateAggressiveConservative ModerateAggressiveParticipant Age RangeTotalTotalParticipant Age Rangeaverage contribution rate (%) for active 7.2%GoalMaker participants0.6 Yearsaverage length of time GoalMakerparticipants have been enrolled in GoalMakeractively elected GoalMaker13.7%GoalMaker participation rate for those whoGoalMaker® Participationas of 6/30/20199/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants in GoalMaker $8,994,981 $12,779,644 $24,102,711 $30,465,949# of Participants in GoalMaker 145 226 331 449Participation Rate in GoalMaker 4.6% 7.1% 10.3% 13.7%% of Plan Assets for GoalMaker Participants 3.3% 5.2% 8.9% 10.9%Prudential Book of Business For Plans Offering GoalMaker – As of 12/31/2018The participation rate in GoalMaker is 50.8%.The percentage of plan assets for GoalMaker participants is 20.7%. Percentage of Assets by GoalMaker® Participation Portfolio - As of 6/30/201915.8%33.3%50.9%ConservativeModerateAggressiveDue to rounding, pie chart may not equal 100%58 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) Deferred Compensation PlanPlan SummaryDefault Investor9/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants in GoalMaker $0 $0 $0 $0# of Participants in GoalMaker 0 0 0 0 Participation Rate in GoalMaker0.0% 0.0% 0.0%0.0%% of Plan Assets for GoalMaker Participants0.0% 0.0% 0.0%0.0%Non-Default Investor9/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants In GoalMaker $8,994,981 $12,779,644 $24,102,711 $30,465,949# of Participants in GoalMaker 145 226 331 449Participation Rate in GoalMaker 4.6% 7.1% 10.3% 13.7%% of Plan Assets for GoalMaker Participants 3.3% 5.2% 8.9% 10.9%Total9/30/2018 12/31/2018 3/31/2019 6/30/2019Plan Assets for Participants In GoalMaker $8,994,981 $12,779,644 $24,102,711 $30,465,949# of Participants in GoalMaker 145 226 331 449Participation Rate in GoalMaker 4.6% 7.1% 10.3% 13.7%% of Plan Assets for GoalMaker Participants 3.3% 5.2% 8.9% 10.9%Percentage of Assets byGoalMaker® Investor -As of 6/30/20190.0%100.0%Default InvestorNon-Default InvestorGoalMaker®Participation – Default vs Non-Default InvestorDue to rounding, pie chart may not equal 100%59 Plan SummaryOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Asset ClassLess than 25 25-34 35-44 45-54 55-6465+TotalStable Value$419 $33,841 $417,258 $4,448,821 $14,356,697 $14,999,971 $34,257,007Fixed Inc-Domestic$564 $92,856 $882,347 $5,211,171 $8,447,565 $5,576,833 $20,211,335Fixed Inc-Glbl / International$178 $5,970 $114,584 $971,110 $1,472,299 $638,538 $3,202,680Allocation$29,399 $1,161,384 $5,751,498 $15,172,397 $25,537,741 $18,377,798 $66,030,217Equity - U.S. Large$20,276 $912,781 $7,376,666 $27,069,379 $28,910,891 $31,722,143 $96,012,137Equity - U.S. Mid/Small$25,308 $435,845 $4,076,457 $10,105,599 $10,318,516 $5,460,455 $30,422,180Equity - Glbl / International$6,069 $304,004 $2,629,693 $7,278,388 $5,839,861 $2,896,871 $18,954,886Alternative / Other$110 $16,111 $878,915 $4,096,506 $3,280,640 $2,114,249 $10,386,530Total Assets$82,324 $2,962,792 $22,127,417 $74,353,370 $98,164,210 $81,786,858 $279,476,972% of Assets0.0%1.1%7.9% 26.6% 35.1% 29.3% 100.0% Active Participants *32415574815518103 2,457 Terminated Participants 23364126228259712 Suspended Participants 01141310 Other Participants **0 0 811383693Total Participants34449647956785401 3,272Avg Account Balance$2,421 $6,599 $34,200 $77,775 $125,050 $203,957 $85,415Asset Allocation by Age Group as of June 30, 2019*Multiple Status Participants were counted as Active Participants if their main Participant Status was Active.**Participant(s) who are not active, terminated or suspended, but have an account balance greater than $0 (e.g. break-in-service, rehire, etc.).60 Plan SummaryOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalFIDELITY GROWTH COMPANY$6,284 $234,491 $3,232,985 $12,290,437 $13,431,271 $16,335,406 $45,530,875GUARANTEED INCOME FUND$419 $33,841 $417,258 $4,448,821 $14,356,697 $14,999,971 $34,257,007FIDELITY 500 INDEX FUND$8,866 $431,682 $1,933,692 $8,934,317 $9,543,821$10,359,728 $31,212,105FIDELITY PURITAN FUND$0 $10,717 $589,766 $2,935,225 $5,560,415 $5,326,728 $14,422,851PGIM TOTAL RETURN BOND FUND -CLASS Z$524 $63,918 $516,963 $3,525,648 $5,273,013 $3,177,536 $12,557,603TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$0$0 $48,445 $2,044,214 $6,302,341 $3,953,682 $12,348,682T. ROWE PRICE NEW HORIZONS FUND$22,143 $206,527 $1,567,005 $3,631,459 $4,711,159 $1,946,685 $12,084,979JPMORGAN EQUITY INCOME FUND CLASS R5$3,399 $182,323 $1,565,260 $4,077,159 $3,554,742 $2,090,290 $11,473,173TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0 $14,408 $72,957 $1,415,253 $5,629,027 $1,122,791 $8,254,435SELF DIRECTED BROKERAGE ACCOUNT$0$9,804$577,289 $3,186,980 $2,336,263 $1,845,505 $7,955,842FIDELITY CONTRAFUND FUND$1,727 $64,286 $644,730 $1,767,465 $2,381,057 $2,936,719 $7,795,983AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$471 $107,155 $653,563 $2,136,685 $2,094,845 $1,546,879 $6,539,598TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0$473 $312,479 $4,300,137 $1,200,604 $254,653 $6,068,346MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$3,807 $76,341 $1,068,537 $2,795,307 $1,540,458 $473,979 $5,958,429EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$1,008 $40,230 $658,606 $2,040,562 $1,955,680 $1,055,356 $5,751,442VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$1,092 $83,263 $587,009 $1,599,474 $1,408,498 $1,102,723 $4,782,059TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0$0$0 $10,292 $2,339,096 $2,360,686 $4,710,074TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0 $100,876 $2,144,677 $1,255,163 $252,776 $234,134 $3,987,625TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0$2,081 $22,022 $205,143 $967,494 $2,701,165 $3,897,904FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$1,026 $47,715 $644,244 $1,585,881 $973,004 $584,522 $3,836,392TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0 $15,803 $875,926 $2,259,541 $434,793 $141,680 $3,727,743BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$178$5,970 $114,584 $971,110 $1,472,299 $638,538 $3,202,680FIDELITY EMERGING MARKETS INDEX FUND$1,695$72,594 $554,212 $1,256,078$834,154 $259,907 $2,978,639FIDELITY SMALL CAP INDEX FUND$0 $42,417$443,812 $850,142 $925,570 $602,465 $2,864,407TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$0$1,045 $18,250 $165,202 $549,212 $1,948,243 $2,681,952FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$40 $16,420 $55,199 $502,238 $1,319,976 $736,135 $2,630,008COHEN & STEERS INSTITUTIONAL REALTY SHARES$110$5,822 $259,539 $786,924 $814,805 $252,214 $2,119,416PGIM HIGH YIELD FUND- CLASS Z$0$4,053 $83,904 $445,571 $813,423 $721,434 $2,068,384TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$4,232 $249,403 $1,360,045 $280,450 $12,311$37 $1,906,478FIDELITY INTERNATIONAL INDEX FUND$22 $10,163 $212,647 $542,392 $682,055 $437,534 $1,884,813INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$0$5,775 $18,727 $270,521 $504,132 $742,930 $1,542,084COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$0$7,663 $27,475 $118,637 $1,269,325 $108,507 $1,531,607PIMCO INCOME FUND CLASS A$0$2,561$199,786 $336,199 $459,863 $149,341 $1,147,751FIDELITY MID CAP INDEX FUND$39 $15,694$175,781 $398,080 $344,604 $168,705 $1,102,902AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$75 $36,725 $87,588 $361,845 $465,712 $122,159 $1,074,104TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$12,086 $399,153 $275,301 $25,025 $128,834$2 $840,400PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$0$1,357$223 $135,700 $476,913 $225,491 $839,683TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$1,995 $318,004$3,848$6,032 $274,540$0 $604,419VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$0$1,028 $53,144 $186,080 $222,638 $56,413 $519,303BNY MELLON NATURAL RESOURCES FUND CLASS I$0$485 $42,087 $122,601 $129,571 $16,529 $311,273PIMCO REAL RETURN FUND CLASS A$0$129$7,768 $130,994 $77,158 $49,456 $265,504TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$11,086 $40,402$85 $16,384 $140,061$0 $208,017Total Assets$82,324 $2,962,792 $22,127,417 $74,353,370 $98,164,210 $81,786,858 $279,476,972% of Assets0.0%1.1%7.9%26.6%35.1%29.3% 100.0%Total Participants344496479567854013,272Avg. Account Balance$2,421$6,599 $34,200 $77,775 $125,050 $203,957 $85,415Fund Allocation by Age Group as of June 30, 201961 INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalFIDELITY GROWTH COMPANY151282434843541661,390GUARANTEED INCOME FUND6611192843642101,044FIDELITY 500 INDEX FUND71161633462681481,048FIDELITY PURITAN FUND01058170167109514PGIM TOTAL RETURN BOND FUND -CLASS Z1212015128325294912TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS007388850183T. ROWE PRICE NEW HORIZONS FUND18188243375262771,163JPMORGAN EQUITY INCOME FUND CLASS R517166217328227691,024TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS0163010712156SELF DIRECTED BROKERAGE ACCOUNT0221413315112FIDELITY CONTRAFUND FUND711013720916067690AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E610715424118180769TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS01231164811199MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3107410919111326523EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A108416627318255770VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A1616820330522067979TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS0004273768TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS0101105591185TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS0159164576FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I1615720731620356955TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS053910453156BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I6295917013841443FIDELITY EMERGING MARKETS INDEX FUND1516218327917939857FIDELITY SMALL CAP INDEX FUND02939706622226TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS01715203275FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND21524658340229COHEN & STEERS INSTITUTIONAL REALTY SHARES11232584917169PGIM HIGH YIELD FUND- CLASS Z01329666227197TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS239101542153FIDELITY INTERNATIONAL INDEX FUND47474876327329INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y0410294119103COLUMBIA INCOME BUILDER FUND ADVISOR CLASS02102033873PIMCO INCOME FUND CLASS A07132919573FIDELITY MID CAP INDEX FUND11123403612123AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-64856997607322TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS37733541123PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND04263116TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS176233085VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES05163021678BNY MELLON NATURAL RESOURCES FUND CLASS I04122518665PIMCO REAL RETURN FUND CLASS A0241411334TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS513121022Total Participants344496479567854013,272Average # of Funds Per Participant5.44.84.85.65.44.35.1Plan SummaryOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Participant Count by Fund by Age Group as of June 30, 201962 33Oakland County 457(b) Deferred Compensation PlanPlan SummaryFor Plan Sponsor or Consultant Use OnlyAssets and contributions reflect actual participant account balances and do not include outstanding loan balances, forfeitures, and / or expense account assets.Customer should promptly report any inaccuracy or discrepancy to the brokerage firm(s).All oral communications should be re-confirmed in writing to protect the customer’s legal rights, including rights under the Securities Investor Protection act (SIPA).This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and or record keeper. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates.© 2019 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.Prudential’s Book of Business averages are as of 12/31/2018.63 Section III:Oakland County 457(b) PTNE PlanPlan Summary – 940090Oakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only 64 Plan Summary and Benchmark TrendsOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only 65 Oakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryPlan Demographics Summary3/31/2019 1/1/20191/1/2019-3/31/20194/1/2019-6/30/2019Total Participants*2,4352,736 Active Participants1,6551,868 Terminated Participants724802 Other Participants**5666Average Participant Balance$3,981$3,701 Average Account Balance for Active Participants$4,187$3,876Median Participant Balance$2,050$1,778 Median Participant Balance for Active Participants$1,918$1,522Participants Age 50 and Over9561,002 Total Assets for Participants Age 50 and Over$6,020,386 $6,357,428Total Contributions$246,388 $371,126 Employee Contributions$203,680 $306,797 Employer Contributions$42,708$64,329Total Distributions($319,081) ($249,981)Percentage of Assets Distributed3.3%2.5%Market Value Gain / Loss****$753,255 $310,406Total Participant Balances$9,693,283 $10,124,833****This is not the equivalent of a plan level return on investment due to the timing of additions, distributions and underlying investment performance. *Participant(s) with an account balance greater than $0. **Participant(s) who are not active, terminated or suspended, but have an account balance greater than $0 (e.g. break-in-service, rehire, etc.). 66 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) PTNE PlanPlan SummaryPlan FeaturesStable Value3/31/2019 6/30/2019Participation Rate in Stable Value 1.3% 1.2%% of Plan Assets in Stable Value 2.7% 2.9%Prudential % of Plan Assets in Stable Value - As of 12/31/201825.8%Participant Activity Call Center / Website Statistics1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Total Call Volume200 140Transaction SummaryTransactions1/1/2019 - 3/31/20194/1/2019 - 6/30/2019Total Enrollees* 57 352Number of Participants w ith Transfers 5 9Distributions 135 102*Number of participants that were enrolled into the plan within the reporting period. This can include those individuals w ho self enrolled or auto enrolled, if applicable on the plan. Rehires may not be included if their original enrollment date falls outside the reporting period.67 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) PTNE PlanPlan SummaryAsset Allocation/Net Activity By AgeApril 1, 2019 to June 30, 2019Less than 25 25-3435-4445-5455-6465+TotalTotal Participant Balances$654,765 $1,400,150 $1,078,624 $1,310,605 $2,379,503 $3,301,187 $10,124,833% Assets6.5%13.8%10.7%12.9%23.5%32.6%100.0% Contributions$72,333 $29,077 $31,736 $43,099 $99,071 $95,809 $371,126Total (Contributions + Rollovers In)$72,333 $29,077 $31,736 $43,099 $99,071 $95,809 $371,126 Cash Distributions($11,693) ($26,992) ($2,219) ($11,101) ($58,091) ($34,185) ($144,281) Rollovers Out($13,580) ($26,002) ($6,246) ($18,649) ($29,346) ($11,877) ($105,700)Total (Cash Distributions + Rollovers Out)($25,273) ($52,994) ($8,465) ($29,750) ($87,437) ($46,063) ($249,981)Net Activity$47,060 ($23,917) $23,271 $13,350 $11,634 $49,746 $121,144Total Participants8545102482644324282,736Average Account Balance$767$2,745$4,349$4,964$5,508$7,713$3,701Median Account Balance$372$2,149$2,647$2,244$3,480$5,760$1,778Prudential Avg. Account Balance as of 12/31/2018$2,900 $13,375 $39,050 $76,411 $106,786 $113,266$64,20368 Retirement ReadinessOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.69 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) PTNE PlanPlan SummaryRetirement Income Calculator (RIC) AnalysisTotal Retirement Income Calculator Completions - Number of RIC completions for the given time period. If a single participant completed the RIC multiple times within the given time period, they would be counted multiple times.Unique Completions: Total number of unique active/eligibles that completed the retirement income calculator during the reporting periodAverage Balance RIC Participant - For participants who have a balance greater than $0 that have previously completed the RIC - The total balance of active participants divided by the total count of active participantsAverage Balance Non-RIC Participant - For participants who have a balance greater than $0 that have NOT previously completed the RIC - The total balance of active participants divided by the total count of active participantsAverage Income Replacement, RIC Participant - Calculated by summing the income replacement percentages of all active, eligible & suspended participants who have completed the RIC divided by the total count of all those active, eligible & suspended participants that have completed the RIC. Individuals not enrolled in the plan are excluded from the calculation.Participant - An individual who has enrolled in the plan and has a non-zero account balance.Total Retirement Income Calculator Completions21Unique Completions19Average Balance, RIC Participant$6,094Average Balance, Non-RIC Participant$3,718Total Count of Participants with a RIC Gap45Average RIC Gap $4,867Total Count of Participants with a RIC Surplus32Average RIC Surplus $3,777Average Income Replacement, RIC Participant87%Since Inception for Currently Active Participants as of 6/30/20194/1/2019 - 6/30/201970 Plan ActivityOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.71 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.INVESTMENT OPTIONS1/1/2019 - 3/31/2019 % 4/1/2019 - 6/30/2019 %Change%TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$26,15010.6%$74,41820.1%$48,268184.6%TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$34,92514.2%$57,26515.4%$22,34164.0%TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$28,78911.7%$45,06712.1%$16,27856.5%TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$39,00715.8%$40,66911.0%$1,6634.3%TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$15,6096.3%$28,0847.6%$12,47479.9%TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$23,5279.6%$26,6837.2%$3,15513.4%TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$17,0386.9%$21,1685.7%$4,13124.2%TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$17,5537.1%$18,8425.1%$1,2897.3%TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$11,4984.7%$17,7874.8%$6,28954.7%TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$13,4095.4%$15,6424.2%$2,23316.7%TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$10,8374.4%$12,1873.3%$1,35012.5%TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$4,8052.0%$7,7332.1%$2,92860.9%GUARANTEED INCOME FUND$3,2421.3%$5,5801.5%$2,33872.1%Total Assets Contributed$246,388100.0%$371,126100.0%$124,73850.6%Contributions by FundOakland County 457(b) PTNE PlanPlan Summary72 INVESTMENT OPTIONSINOUTNETGUARANTEED INCOME FUND$24,731$0$24,731TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$11,160($3,098)$8,062TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$6,747$0$6,747TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$5,517$0$5,517TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$2,458$0$2,458TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$1,230$0$1,230TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0($48)($48)TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0($830)($830)TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0($4,916)($4,916)TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$4,386($11,160)($6,773)TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$0($9,727)($9,727)TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$830($27,280)($26,450)TOTAL$57,058($57,058)$04/1/2019 to 6/30/2019For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryOakland County 457(b) PTNE PlanInterfund Transfers73 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Participant Distribution StatisticsOakland County 457(b) PTNE PlanPlan SummaryTotalAmount of Withdrawals Taken1/1/2019 - 4/1/2019 -1/1/2019 - 4/1/2019 -Distribution Type3/31/2019 6/30/2019 Change% Change 3/31/2019 6/30/2019 Change % ChangeTermination$298,656 $233,594 ($65,062)-22%11891(27)-23%Direct Transfer$0 $12,876 $12,876n/a055n/aDeath Distribution$12,853$1,499 ($11,354)-88%31(2)-67%Installment Payment$6,100$1,500 ($4,600)-75%83(5)-63%Required Minimum Distribution$1,471$504($967)-66%61(5)-83%Gross Adjustment$0$7$7n/a011n/aGrand Total$319,081 $249,981 ($69,099)-22%135102(33)-24%# of WithdrawalsGross Adjustment - The total of all adjustments made to an account or plan in absolute terms, regardless of whether or not the adjustments were positive or negative. Termination - A withdraw al that is taken when the participant is active and terminating from employment or is already in a 'Terminated' status.Direct Transfer - Non-taxable transfer of participant assets from one type of tax-deferred retirement plan or account to another.Death Distribution - Distribution taken by a beneficiary. This could include required minimum distributions, installment payments, etc.Installment Payment - An Installment distribution is a payment option that disburses funds over time (i.e. monthly, quarterly, yearly).Required Minimum Distribution - Minimum amounts that a participant must withdraw annually upon reaching a certain age or retirement. This would exclude any beneficiary or QDRO accounts.Distribution Sub-TypeAge < 50 Age >= 50 TotalAge < 50 Age >= 50 TotalRollover$59,661 $46,039 $105,700211031Cash$41,402 $102,879 $144,281353671Grand Total$101,063 $148,918 $249,9815646102Amount of Withdrawals Taken# of Withdrawals4/1/2019 - 6/30/201974 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Rollover Distributions StatisticsOakland County 457(b) PTNE PlanPlan SummaryRollover InstitutionRollover Distribution Amount# of Ppts Rollover InstitutionRollover Distribution Amount# of Ppts Rollover InstitutionRollover Distribution Amount# of PptsFidelity $7,684 2 UBS $11,041 1 Prudential $31,988 7Morgan Stanley $6,110 3 Vanguard $10,968 3 JP Morgan $13,492 3Transamerica $4,394 2 Merrill Lynch $7,580 1 Direct Transfer to 940080 $12,876 5Vanguard $3,859 1 Raymond James $4,480 1 Charles Schwab $9,823 1Primerica $2,288 1 Prudential $3,929 1 TD Ameritrade $8,052 1Charles Schwab $2,193 1 Vantagepoint $2,978 1 Edward Jones $6,390 2John Hancock $1,961 1 Alerus Financial $2,428 1 Morgan Stanley $5,300 1Capital Bank & Trust $1,637 1 MSU Federal CU $1,437 1 Vanguard $4,815 2Voya $1,575 1 PNC Bank $970 1 Wells Fargo $3,825 1Prudential $1,060 2 Fidelity $583 1 NFS $2,783 1Oakland County Credit Union $791 1 Total $46,395 12 Fidelity $2,485 4Pershing $699 1 Putnam $1,617 1TIAA $542 1 Thrivent Financial $1,499 1American Funds $524 1 Principal $753 1Principal $471 1 Total $105,700 31T Row e Price $305 1Total $36,093 2110/1/2018 - 12/31/2018 1/1/2019 - 3/31/2019 4/1/2019 - 6/30/201975 Participant Transaction StatisticsFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) PTNE PlanPlan SummaryDefinitions:Unique Callers – The number of individuals that spoke to a Participant Service Center Representative during the reporting period (e.g., If the same individual called five times during the reporting period, they would only be counted once). Total Call Volume – The number of calls to a Participant Service Center Representative during the reporting period (e.g., If the same individual called five times during the reporting period, they would be counted five times). 7/1/2018 - 9/30/201810/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/2019Call CenterUnique Callers 160 172 144 108Total Call Volume 236 243 200 140Call Center Reason Category7/1/2018 - 9/30/201810/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/2019Account Explanations 50 57 58 36Allocation Changes & Exchange 1 1 1 0Contributions 1 2 2 0Disbursements 152 139 105 95Enrollments 1 1 0 1Forms 4 103Fund Information 1 2 1 0Hardships 0 000IFX 1 000IVR or Web Assistance 16 18 11 1Loans 1 2 0 0Other 0 0 1 0Payment Questions 0 0 0 0Plan Explanations 4 3 5 1Regen Reg Letter 0 0 0 0Status of Research 0 2 1 0Tax Information 0 0 12 1Website Processing 4 15 3 2Total 236 243 200 14076 Investment DiversificationOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.77 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.0%10%20%30%40%50%60%70%80%90%100%Less than 25 25-34 35-44 45-54 55-64 65+Stable ValueAllocationLess than 25 25-34 35-44 45-54 55-64 65+ TotalParticipants Invested in Only One Fund 561 344 148 144 164 167 1,528Average # of Funds per Participant 1.4 1.4 1.4 1.5 1.7 1.6 1.5Prudential Participants Avg. # of Funds per Participant as of 12/31/2018 6.1 6.0 5.8 5.6 5.4 4.1 5.5% of Plan Assets in Stable Value 0.0% 0.2% 0.5% 0.0% 7.0% 3.5% 2.9%Prudential % of Plan Assets in Stable Value as of 12/31/2018 11.3% 10.1% 12.3% 17.5% 29.3% 47.1% 25.8%Assets by Asset Class and Age as of June 30, 2019Oakland County 457(b) PTNE PlanPlan SummaryFund Utilization By Age as of June 30, 2019Asset AllocationAsset ClassYour Plan Assets as of 6/30/2019 Your Plan % as of 6/30/2019Stable Value $289,715 2.9%Allocation $9,835,119 97.1%Total Participant Balances $10,124,833 100.0%78 as of June 30, 2019INVESTMENT OPTIONSBalance % Invested in Fund # of PptsPpts Using as Sole InvestmentTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$1,884,11618.6%26376TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$1,301,52612.9%31956TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$1,002,9969.9%419200TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$977,0259.6%26496TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$907,0379.0%31856TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$855,6098.5%31266TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$663,1556.5%224107TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$630,1576.2%19983TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$598,8695.9%21187TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$506,2365.0%34294TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$295,0062.9%796514GUARANTEED INCOME FUND$289,7152.9%3415TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$213,3862.1%31278Total$10,124,833100.0%For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) PTNE PlanPlan SummaryUtilization by Fund79 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Oakland County 457(b) PTNE PlanPlan SummaryInvestment UtilizationDue to rounding, bar graph may not equal 100%80 Plan SummaryOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Asset ClassLess than 25 25-34 35-44 45-54 55-6465+TotalStable Value$0 $2,438 $5,848$0 $166,058 $115,370 $289,715Allocation$654,765 $1,397,712 $1,072,775 $1,310,605 $2,213,445 $3,185,817 $9,835,119Total Assets$654,765 $1,400,150 $1,078,624 $1,310,605 $2,379,503 $3,301,187 $10,124,833% of Assets6.5% 13.8% 10.7% 12.9% 23.5% 32.6% 100.0% Active Participants597227153192350349 1,868 Teriminated Participants24126681627478802 Other Participants **161714108166Total Participants854510248264432428 2,736Avg Account Balance$767 $2,745 $4,349 $4,964 $5,508 $7,713 $3,701Asset Allocation by Age Group as of June 30 , 2019**Participant(s) who are not active, terminated or suspended, but have an account balance greater than $0 (e.g. break-in-service, rehire, etc.).81 Plan SummaryOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$1,167$1,114$51$229 $37,945 $1,843,610 $1,884,116TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0$325$2,485$0 $622,233 $676,483 $1,301,526TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$30,600 $768,253 $83,767$2,816 $40,543 $77,018 $1,002,996TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0$353$0 $609,152 $282,738 $84,782 $977,025TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0$333$0$0 $666,129 $240,575 $907,037TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$0$343$0 $296,561 $412,827 $145,878 $855,609TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0 $306,758 $248,015 $46,415 $20,467 $41,500 $663,155TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0$2,582 $476,450 $107,918 $28,471 $14,735 $630,157TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0$652 $245,770 $239,141 $79,876 $33,430 $598,869TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$228,906 $228,710 $13,751$5,060$5,369 $24,440 $506,236TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$278,808 $11,009$0$2,943$2,247$0 $295,006GUARANTEED INCOME FUND$0$2,438$5,848$0 $166,058 $115,370 $289,715TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$115,284 $77,279$2,487$370 $14,601$3,365 $213,386Total Assets$654,765 $1,400,150 $1,078,624 $1,310,605 $2,379,503 $3,301,187 $10,124,833% of Assets6.5%13.8%10.7%12.9%23.5%32.6% 100.0%Total Participants8545102482644324282,736Avg. Account Balance$767$2,745$4,349$4,964$5,508$7,713$3,701Fund Allocation by Age Group as of June 30, 201982 INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS65114246263TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS0110118199319TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS42284713712419TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS0101061516264TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS0100151166318TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS0105322533312TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS0881111465224TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS021028384199TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS0255123274211TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS1591647165342TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS768230140796GUARANTEED INCOME FUND0430111634TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS1831221141312Total Participants8545102482644324282,736Average # of Funds Per Participant1.41.41.41.51.71.61.5Plan SummaryOakland County 457(b) PTNE PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Participant Count by Fund by Age Group as of June 30, 201983 21Oakland County 457(b) PTNE PlanPlan SummaryFor Plan Sponsor or Consultant Use OnlyAssets and contributions reflect actual participant account balances and do not include outstanding loan balances, forfeitures, and / or expense account assets.Customer should promptly report any inaccuracy or discrepancy to the brokerage firm(s).All oral communications should be re-confirmed in writing to protect the customer’s legal rights, including rights under the Securities Investor Protection act (SIPA).This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and or record keeper. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates.© 2019 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.Prudential’s Book of Business averages are as of 12/31/2018.84 Section IV: Forfeiture AccountOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only 85 Oakland County 401(A) Employees Retirement SystemForfeiture Account ActivityApril 1, 2019 through June 30, 2019For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.SourceInvestmentBeginning Forfeiture BalanceAdditions ReductionsInvestment ResultsDividends / Capital GainsEnding Forfeiture Balance457B MATCHGuaranteed Income Fund 974.34 0.00 0.00 5.42 0.00 979.76EMPLOYER NONELECTIVE VESTING Guaranteed Income Fund 1,233,733.28 118,189.03 0.00 7,105.97 0.00 1,359,028.28 1,234,707.62 118,189.03 0.00 7,111.39 0.00 1,360,008.04Forfeiture Account 86 35Oakland County 401(A) Employees Retirement SystemForfeiture Account For Plan Sponsor or Consultant Use OnlyAssets and contributions reflect actual participant account balances and do not include outstanding loan balances, forfeitures, and / or expense account assets.Customer should promptly report any inaccuracy or discrepancy to the brokerage firm(s).All oral communications should be re-confirmed in writing to protect the customer’s legal rights, including rights under the Securities Investor Protection act (SIPA).This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and or record keeper. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates.© 2019 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.87 Section V: Suspense AccountOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only 88 Oakland County 401(A) Employees Retirement SystemSuspense Account ActivityApril 1, 2019 through June 30, 2019For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Suspense Account SourceInvestmentBeginning ERISA BalanceAdditions ReductionsInvestment ResultsDividends / Capital GainsEnding Forfeiture BalanceEE MANDATORY PRETAXGuaranteed Income Fund 103.17 0.00 0.00 0.58 0.00 103.74EMPLOYER NONELECTIVE VESTING Guaranteed Income Fund 18,101.32 1,166.96 0.00 104.29 0.00 19,372.56 18,204.48 1,166.96 0.00 104.87 0.00 19,476.3089 38Oakland County 401(A) Employees Retirement SystemSuspense Account For Plan Sponsor or Consultant Use OnlyAssets and contributions reflect actual participant account balances and do not include outstanding loan balances, forfeitures, and / or expense account assets.Customer should promptly report any inaccuracy or discrepancy to the brokerage firm(s).All oral communications should be re-confirmed in writing to protect the customer’s legal rights, including rights under the Securities Investor Protection act (SIPA).This information should not be considered an offer or solicitation of securities, insurance products or services. No offer is intended nor should this material be construed as an offer of any product. The information is being presented by us solely in our role as the plan’s service provider and or record keeper. Retirement products and services are provided by Prudential Retirement Insurance and Annuity Company, Hartford, CT, or its affiliates.© 2019 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.90 Section VI: Service Standards GuaranteesOakland County Retirement PlansFor Plan Sponsor or Consultant Use Only 91 Performance Incentives Plan ID Plan Name 940070 OAKLAND COUNTY EMPLOYEES RETIREMENT 940080, 940090 In the event that Prudential fails to meet a performance standard with respect to a service (as set forth in the administrative Service Agreement) for any quarter, Prudential shall make responsible efforts to rectify the situation and deliver against that standard in the next quarter. In addition, in the event that Prudential failed to improve its performance regarding the previously identified service within the next calendar quarter, Prudential will provide a “Reimbursement Amount” as described in this Exhibit in the subsequent quarter. In the event a Reimbursement Amount is due, that amount shall be either (i) applied against the Plan’s administrative expenses otherwise due to Prudential, or (ii) credited toward additional administrative services to be provided by Prudential to the Plan, or (iii) credited to a Plan Expense Account in accordance with the terms outlined in the administrative agreement. Prudential and the Plan Sponsor have agreed to the performance standards set forth below. Such standards shall apply to the plan recordkeeping and other administrative services Prudential is providing on behalf of the Plan. Text29Total dollars at risk each calendar year from service shortfalls related to plan services provided by Prudential on behalf of the Plan will be capped at $40,000 for the Plan Sponsor’s plans maintained on Prudential’s recordkeeping system. Amount at Risk GuaranteeService Results - 1st Quarter 2019 Results - 2nd Quarter 2019 Results - 3rd Quarter 2019 Results - 4th Quarter 2019 Participant Services Phone Response Time Participant Service Representitives Available Monday Through Friday 8 am to 9 pm ET (Excluding Holidays). Scheduled days before or after holidays the participant service center will close at 5:00PM ET. 80% of calls answered within 20 seconds for live operator, and an abandonment rate of less than 2%. If call volumes exceed 10% of normal or budgeted volumes the month would be excluded. $1,500 per quarter Hours of Operation: On Track Overal l Service Level: 81% Overall Abandonment Rate: 1.1% Hours of Operation: On Track Overal l Service Level: 65% Overall Abandonment Rate: 3.1% Quarterly Statement Delivery 98% mailed or posted to the website within ten (10) business days after quarter close. Dependancy: Receipt of all necessary information (example, message approval) from the Plan Sponsor 3 weeks prior to the end of the quarter for which the statement period is appicable $1,500 per quarter On Target On Target Loan Initiations 99% of loans processed within 2 business days provided the request is received in good order by 4 p.m. ET (2 p.m. ET for transactions involving company stock) $1,400 per quarter 100%100% Withdrawals, Hardship Withdrawals, Rollovers Out 99% withdrawals processed within 2 business days provided the request is received in good order by 4 p.m.ET ( 2 p.m. ET for transactions involving company stock) $1,400 per quarter 100%100% Contribution Posting Prudential will post 99% of contributions and repayments to participant accounts within one (1) business day of receipt of good order request. $1,400 per quarter 100%100% 92 Amount at Risk GuaranteeService Results - 1st Quarter 2019 Results - 2nd Quarter 2019 Results - 3rd Quarter 2019 Results - 4th Quarter 2019 Plan Sponsor Reports Data for the Preceding quarter is available on the plan sponsor website within 10 business days after the quarter end. Plan sponsors can create customized, ad hoc reports via the Online Retirement Center for Plan Sponsors website. The website allows you to select from a wide range of data fields to include in your report, and to submit the report request instantly. The Plan Sponsor can also elect to receive an e- mail notification when the report is ready, typically within 24 hours. $1,400 per quarter 100%100% Participant Satisfaction 80 percent rating of Satisfied to Highly Satisfied on a 4-point scale $1,400 per quarter Overall Survey Results: 93.16% Overall Survey Results: 93.05% Participant Level Investment Transfers 99% of fund transfers processed the same day if initiated by 4 p.m. ET (2 p.m. ET for transactions innvolving company stock) $1,400 per quarter 100%100% 93 Section VII: Monthly Activity Report – Q2 2019Oakland County Retirement PlansFor Plan Sponsor or Consultant Use Only 94 Oakland County Retirement PlansFor Plan Sponsor or Consultant Use Only Consultation OverviewMonthGroup Meetings Group Attendees Individual MeetingsTotal Participants ReachedApril226218244May2128599June245128173Quarterly Totals683431516Meeting ResultsQuarter 457b Enrollments Increases Beneficiary Goal Maker RolloverApril17 36 253 90 $314,998May8 8 346 22 $7,856June9 14 265 67 $6,344Quarterly Totals 34 58 864 179 $329,198Monthly Activity Report95 Oakland County Retirement PlansFor Plan Sponsor or Consultant Use Only County On-site MeetingsMonthly Activity Report96 280 Trumbull StreetHartford, CT 06103© 2019 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.