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Reports - 2019.11.30 - 32508
For Plan Sponsor or Consultant Use Only Oakland County Retirement PlansPlan SummaryPresented by: Stephanie Smith,Vice President, Key AccountsAs of: September 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 Retirement System, 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 Summary6/30/2019 4/1/20194/1/2019-6/30/20197/1/2019-9/30/2019Total Participants*5,2615,283 Active Participants3,5263,539 Terminated Participants1,6241,627 Other Participants**108114 Multiple Status Participants***33Average Participant Balance$117,122 $117,021 Average Account Balance for Active Participants$134,294 $132,959Median Participant Balance$37,692$38,060 Median Participant Balance for Active Participants$63,873$64,006Participants Age 50 and Over2,2972,307 Total Assets for Participants Age 50 and Over$387,598,640 $391,047,155Total (Contributions + Rollovers In)$8,822,568 $7,089,765 Employee Contributions$2,396,604 $2,084,304 Employer Contributions$5,826,939 $4,911,339 Rollovers In$599,026$94,122Total Distributions($8,402,932) ($7,833,142)Percentage of Assets Distributed1.4%1.3%Market Value Gain / Loss****$22,248,570 $2,881,695Total Participant Balances$616,177,378 $618,221,574*** 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 FeaturesGoalMaker6/30/2019 9/30/2019Plan Assets for Participants in GoalMaker $85,616,405 $98,205,750% of Plan Assets for GoalMaker Participants13.9% 15.9%# of Participants in GoalMaker433515 Participation Rate in GoalMaker8.2%9.8% Prudential % of Participants in GoalMaker - As of 12/31/2018IncomeFlex6/30/2019 9/30/2019% of Plan Assets Invested in IncomeFlex Funds for IncomeFlex Participants50.2% 50.6%# of Participants in IncomeFlex9596 Participation Rate in IncomeFlex1.8%1.8%Prudential % of Participants in IncomeFlex - As of 12/31/2018Stable Value6/30/2019 9/30/2019Participation Rate in Stable Value23.6% 24.1%% of Plan Assets in Stable Value9.3%9.7%Prudential % of Plan Assets in Stable Value - As of 12/31/201850.8%6.2%25.8%Participant Activity Call Center4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Total Call Volume694 576Loans4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Amount of New Loans Taken $1,107,956 $1,145,344# of New Loans101 106# of Outstanding Active Loans 1,068 1,079% of Participants have Outstanding Active Loans 11.1% 11.0%Prudential % of Participants have Outstanding Active Loans - As of 12/31/2018 14.2%Transaction SummaryTransactions4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Total Enrollees* 91 89 Contribution Rate Increases for Active Participants** 44 37 Contribution Rate Decreases for Active Participants** 40 34Total Contribution Rate Changes** 84 71Number of Participants with Transfers 249 216Loan Initiations 101 106Distributions 544 570**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$117,021$64,203$73,643$97,903$102,586Median Account Balance$38,060$64,672$53,025$75,000$77,204% of Plan Assets in Stable Value9.7%25.8%NANANAAverage # of Funds Held4.75.55.25.75.5% of 55+ Participants Utilizing IncomeFlex®4.2%9.2%NANANA% of Participants Utilizing GoalMaker®9.8%50.8%NANANA% of Participants have Outstanding Active Loans11.0%14.2%15.4%13.0%13.5%Average Loan Balance$7,694$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 AgeJuly 1, 2019 to September 30, 2019Less than 25 25-3435-4445-5455-6465+TotalTotal Participant Balances$630,964 $20,885,349 $99,345,817 $213,649,387 $165,843,573 $117,866,483 $618,221,574% Assets0.1%3.4%16.1%34.6%26.8%19.1%100.0%Average Contribution Rate ($)$0$0$0$0$62$0$62Average Contribution Rate (%)3.6%4.5%4.2%4.8%6.1%4.7%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$104,669 $1,258,487 $1,773,405 $2,336,712 $1,241,030 $281,340 $6,995,643 Rollovers In*$272$2,572 $91,278$0$0$0$94,122Total (Contributions + Rollovers In)$104,941 $1,261,058 $1,864,684 $2,336,712 $1,241,030 $281,340 $7,089,765 Cash Distributions$0 ($68,722) ($223,801) ($391,988) ($773,205) ($1,270,094) ($2,727,809) Rollovers Out$0 ($6,143) ($337,029) ($972,148) ($1,857,931) ($1,932,082) ($5,105,333)Total (Cash Distributions + Rollovers Out)$0 ($74,865) ($560,830) ($1,364,136) ($2,631,136) ($3,202,176) ($7,833,142)Net Activity$104,941 $1,186,193 $1,303,854 $972,577 ($1,390,106) ($2,920,836) ($743,377)Total Participants**1069321,2041,4021,0625795,285Average Account Balance$5,952 $22,409 $82,513 $152,389 $156,162 $203,569 $116,977Prudential Avg. Account Balance as of 12/31/2018$2,900 $13,375 $39,050 $76,411 $106,786 $113,266$64,203Median Account Balance$3,652 $16,250 $44,908 $104,395 $60,494 $57,603$38,060Prudential Median Account Balance as of 12/31/2018$3,965 $10,522 $26,803 $47,337 $71,696 $108,734$64,761High Balance$29,011 $161,515 $526,860 $1,035,006 $1,382,500 $2,834,683Low Balance$125$3$1$0.01$1$0.01*Rollovers In is the total dollars credited to participant accounts w ithin the period defined that originated in other qualified retirement plan accounts.**Total column for participant count is a sum of participants across each age group. E.g. If a participant has both a main account and beneficiary account w ithin different age groups (decedent's date of birth), that participant will be counted twice.Average Balance By Years of Service as of September 30, 2019Years of Service0 - 5 6 - 10 11 - 15 16 - 20 21 - 25 26 - 30 31 - 35 36 - 40 41 - 45 46 - 50 51 -55Average Account Balance* $19,373 $54,914 $117,418 $183,305 $243,481 $303,236 $320,510 $420,056 $485,222 $466,349 $2,834,683* Active Employees9 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 Completions428Unique Completions337Contribution Rate Increase20Average Balance, RIC Participant$167,255Average Balance, Non-RIC Participant$102,176Average Contribution Rate, RIC Participant4.57%Average Contribution Rate, Non-RIC Participant4.81%Total Count of Participants with a RIC Gap1,026Average RIC Gap $3,111Total Count of Participants with a RIC Surplus350Average RIC Surplus $2,127Average Income Replacement, RIC Participant0%Average Income Replacement, Non-RIC Participant0%Since Inception for Currently Active Participants as of 9/30/20197/1/2019 - 9/30/201911 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 9/30/2019<=44 45-54 55-64 65+ Grand TotalParticipants Enrolled in IncomeFlex 8 19 38 31 96IncomeFlex AssetsAs of 9/30/2019, the participants invested in IncomeFlex have 50.6% of their total plan assets in these funds, with an average balance of $174,440.IncomeFlex UtilizationDuring the period of 7/1/2019 to 9/30/2019, 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 OPTIONS4/1/2019 - 6/30/2019 % 7/1/2019 - 9/30/2019 %Change%TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$688,5258.4%$562,2998.0%($126,226) -18.3%TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$595,0127.2%$502,8917.2%($92,120) -15.5%TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$596,7307.3%$493,4267.1%($103,304) -17.3%TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$556,5726.8%$461,5146.6%($95,058) -17.1%TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$536,9206.5%$459,1956.6%($77,725) -14.5%TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$510,5826.2%$424,6106.1%($85,972) -16.8%TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$412,6315.0%$331,4894.7%($81,142) -19.7%GUARANTEED INCOME FUND$369,6954.5%$331,1044.7%($38,591) -10.4%TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$398,6644.9%$317,3524.5%($81,312) -20.4%JPMORGAN EQUITY INCOME FUND CLASS R5$334,1964.1%$312,0614.5%($22,136)-6.6%FIDELITY CONTRAFUND FUND$343,3814.2%$277,1444.0%($66,236) -19.3%FIDELITY 500 INDEX FUND$327,9074.0%$263,1913.8%($64,716) -19.7%MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$262,1493.2%$261,2013.7%($948)-0.4%FIDELITY GROWTH COMPANY$258,7413.2%$252,5473.6%($6,194)-2.4%T. ROWE PRICE NEW HORIZONS FUND$212,4172.6%$197,3002.8%($15,117)-7.1%EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$222,4922.7%$194,5152.8%($27,977) -12.6%PGIM TOTAL RETURN BOND FUND -CLASS Z$212,8952.6%$189,2972.7%($23,599) -11.1%TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$197,4512.4%$142,1972.0%($55,254) -28.0%TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$127,5191.6%$120,0821.7%($7,437)-5.8%FIDELITY EMERGING MARKETS INDEX FUND$110,6441.4%$105,6471.5%($4,997)-4.5%FIDELITY SMALL CAP INDEX FUND$127,0881.6%$101,8681.5%($25,220) -19.8%VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$97,8981.2%$91,0181.3%($6,880)-7.0%AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$105,6821.3%$87,3891.3%($18,294) -17.3%FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$85,1131.0%$78,4361.1%($6,677)-7.8%BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$72,0070.9%$67,1131.0%($4,894)-6.8%AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$72,1810.9%$58,4400.8%($13,741) -19.0%TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$57,3570.7%$47,2950.7%($10,062) -17.5%PIMCO INCOME FUND CLASS A$55,1240.7%$46,5370.7%($8,587) -15.6%FIDELITY PURITAN FUND$53,4950.7%$36,0590.5%($17,436) -32.6%PGIM HIGH YIELD FUND- CLASS Z$40,7730.5%$33,6340.5%($7,139) -17.5%COHEN & STEERS INSTITUTIONAL REALTY SHARES$37,1630.5%$30,7260.4%($6,436) -17.3%PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$31,2590.4%$27,5970.4%($3,661)-11.7%FIDELITY MID CAP INDEX FUND$22,0780.3%$21,6790.3%($399)-1.8%FIDELITY INTERNATIONAL INDEX FUND$25,5500.3%$19,3750.3%($6,175) -24.2%PIMCO REAL RETURN FUND CLASS A$19,5930.2%$15,2790.2%($4,315)-22.0%BNY MELLON NATURAL RESOURCES FUND CLASS I$16,5670.2%$11,8320.2%($4,735)-28.6%TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$10,0720.1%$5,2940.1%($4,778) -47.4%VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$5,9900.1%$5,2460.1%($744) -12.4%FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$4,8060.1%$4,7350.1%($70)-1.5%INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$5,2900.1%$4,2440.1%($1,047) -19.8%COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$3,3340.0%$2,7850.0%($550) -16.5%Total Assets Contributed$8,223,543100.0%$6,995,643100.0%($1,227,899) -14.9%Contributions by FundOakland County 401(A) Employees Retirement SystemPlan Summary14 INVESTMENT OPTIONSINOUTNETGUARANTEED INCOME FUND$3,978,093 ($764,413) $3,213,680MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$2,147,963 ($369,329) $1,778,634JPMORGAN EQUITY INCOME FUND CLASS R5$1,826,167 ($396,440) $1,429,727FIDELITY GROWTH COMPANY$2,067,525 ($701,541) $1,365,984PGIM TOTAL RETURN BOND FUND -CLASS Z$1,578,982 ($505,235) $1,073,747BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$776,372($64,785) $711,586FIDELITY EMERGING MARKETS INDEX FUND$749,934 ($139,581) $610,353FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$515,646 ($140,688) $374,959TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$297,450($9,809) $287,641FIDELITY MID CAP INDEX FUND$300,463($32,720) $267,743VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$479,064 ($218,919) $260,145FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$281,658($61,198) $220,460SELF DIRECTED BROKERAGE ACCOUNT$225,207($88,644) $136,563FIDELITY INTERNATIONAL INDEX FUND$245,074 ($122,196) $122,878TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$154,815($62,238)$92,577T. ROWE PRICE NEW HORIZONS FUND$707,640 ($629,624)$78,015PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$52,000($53,631)($1,631)VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$10,133($15,607)($5,473)COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$0($6,254)($6,254)BNY MELLON NATURAL RESOURCES FUND CLASS I$39,746($50,890)($11,144)TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$4,984($20,579)($15,594)TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0($16,110)($16,110)TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$673,537 ($703,130)($29,593)PIMCO REAL RETURN FUND CLASS A$44,836($77,036)($32,201)PIMCO INCOME FUND CLASS A$100,770 ($144,198)($43,428)TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$24,818($69,431)($44,613)INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$0($48,054)($48,054)AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$169,979 ($222,060)($52,081)COHEN & STEERS INSTITUTIONAL REALTY SHARES$264,979 ($319,236)($54,257)PGIM HIGH YIELD FUND- CLASS Z$57,586 ($342,333) ($284,747)TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$406,530 ($694,300) ($287,771)TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$23,823 ($346,836) ($323,013)AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$88,910 ($594,377) ($505,468)FIDELITY SMALL CAP INDEX FUND$122,242 ($652,639) ($530,397)EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$572,274 ($1,109,048) ($536,774)FIDELITY PURITAN FUND$61,275 ($629,725) ($568,450)TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$15,394 ($745,974) ($730,580)TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$80,527 ($961,381) ($880,854)FIDELITY 500 INDEX FUND$215,773 ($1,347,712) ($1,131,939)TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$72,810 ($1,613,411) ($1,540,601)TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$7,752 ($1,877,764) ($1,870,012)FIDELITY CONTRAFUND FUND$100,772 ($2,574,426) ($2,473,654)TOTAL$19,543,500 ($19,543,500)$07/1/2019 to 9/30/2019For 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 Taken4/1/2019 - 7/1/2019 -4/1/2019 - 7/1/2019 -Distribution Type6/30/2019 9/30/2019 Change% Change 6/30/2019 9/30/2019 Change % ChangeTermination$6,937,104 $6,364,579 ($572,525)-8%16817464%Installment Payment$873,723 $959,423 $85,70010%333360278%Death Distribution$415,994 $232,188 ($183,806)-44%1215325%QDRO$8,024 $232,097 $224,0732792%385167%In-Service Withdrawal$168,673 $18,569 ($150,104)-89%216(15)-71%Required Minimum Distribution-$586 $26,287 $26,872-4587%7700%Grand Total$8,402,932 $7,833,142 ($569,790)-7%544570265%# 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$372,372 $4,732,961 $5,105,33382634Cash$482,869 $2,244,940 $2,727,80939497536Grand Total$855,241 $6,977,901 $7,833,14247523570Amount of Withdrawals Taken# of Withdrawals7/1/2019 - 9/30/201916 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 $1,625,455 8 Pershing $2,188,875 4 Pershing $1,211,965 3AEIS $382,184 1 Wells Fargo $696,636 1 Merrill Lynch $1,153,939 2FBL Financial $338,203 1 TD Ameritrade $490,702 2 Jackson National $807,922 3Baird $270,382 1 LPL $344,086 2 Equity Trust Co $471,514 1Vanguard $193,602 3 Sweet Escape Ventures $312,207 1 Fidelity $243,108 4Local Gov't Federal CU $177,972 1 VantagePoint Trnsfr $150,632 3 Molloy Financial $234,507 1Pershing $174,784 2 Thrivent Financial $147,399 1 Charles Schwab $173,454 1Vibe Credit Union $129,155 2 Flagstar Bank $139,021 1 State of Michigan 401(k) Plan $145,257 1Mutual of America $117,011 1 State of Michigan 401K Plan $83,411 1 Morgan Stanley $131,594 1Thrift Savings Plan $116,503 1 Edward Jones $76,511 3 AXA $127,387 2Genisys Credit Union$49,998 1 Nationwide $40,998 2 SBLI $108,165 1Ameriprise $46,000 1 Morgan Stanley $22,024 1 Edward Jones $101,021 1Edward Jones $42,846 3 Raymond James $10,942 1 The Walled Lake School EFCU $67,182 1Pacific Life $35,299 1 Fifth Third Bank $8,236 1 LPL $60,215 2ADP $30,677 1 Vanguard $7,925 1 VantagePoint Trnsfr $21,571 2Vantagepoint $18,115 1 Thrift Savings Plan $3,110 1 TD Ameritrade $19,935 1Merrill Lynch$11,268 1 Ameriprise $2,785 2 PNC Bank $13,497 1Putnam $9,134 1 NFS $2,557 1 Flagstar Bank $3,994 1Thrivent Financial $7,736 1 Ascensus Trust $1,491 1 Raymond James $3,480 1Alerus Financial $1,373 1 USAA $1,305 1 Oakland University 403B Plan $2,297 1Raymond James $564 1 Chemical Bank $1,190 1 Vibe Credit Union $2,013 1Primerica $355 1 Merrill Lynch$500 1 Prudential $1,316 2Total $3,778,616 35 Charles Schwab $273 1 Total $5,105,333 34Total $4,732,816 347/1/2018 - 9/30/20181/1/2019 - 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*106 932 1,204 1,402 1,062 579 5,285w/Loan1 64 183 210 99 25 5820.9%6.9%15.2%15.0%9.3%4.3%11.0%% of Participants With Withdrawal ActivityAs of 9/30/20197/1/2019 - 9/30/2019Average loan balance is $7,6941.9% initiated a new loanPrudential Book of Business Average is $7,665 as of 12/31/201811.0% of participants have outstanding active loans0.1% initiated In-Service Withdrawal14.2% Prudential Book of Business Average as of 12/31/201845.0% 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 Initiations4/1/2019-6/30/20197/1/2019-9/30/2019Change % Changeas of 6/30/2019as of 9/30/2019Change % ChangeGeneral Purpose $997,376 $1,059,144 $61,768 6% 960 972 12 1%Residential $110,580 $86,200 ($24,380) (22%) 108 107 (1) (1%)Grand Total $1,107,956 $1,145,344 $37,389 3% 1,068 1,079 11 1%4/1/2019-6/30/20197/1/2019-9/30/2019# of Outstanding Active Loans1,068 1,079# of New Loans101106Average Loan Balance$7,468 $7,694Total Outstanding Loan Balance $7,976,342 $8,302,055Oakland County 401(A) Employees Retirement SystemPlan Summary# of Oustanding Active LoansParticipant Count1 3202 137351438536Total58219 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). 10/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/20197/1/2019 - 9/30/2019Call CenterUnique Callers 547 432 413 355Total Call Volume 919 722 694 576Call Center Reason Category10/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/20197/1/2019 - 9/30/2019Account Explanations 229 165 172 117Allocation Changes & Exchange 15 5 6 9Contributions 6 10 6 11Disbursements 303 276 252 211Enrollments 4 2 2 1Forms 2 7 13 8Fund Information 9 7 5 6Hardships 3 525IFX 3 004IVR or Web Assistance 138 47 17 22Loans 118 115 147 113Other 3 4 12 20Payment Questions 0 0 0 0Plan Explanations 13 9 7 11Regen Reg Letter 0 0 0 0Status of Research 5 4 5 6Tax Information 1 25 3 0Website Processing 67 41 45 32Total 919 722 694 57620 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 Fund 68 233 348 290 245 151 1,335Average # of Funds per Participant 2.2 3.2 4.1 5.9 5.5 4.5 4.7Prudential 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% 0.7% 2.2% 5.1% 13.2% 21.0% 9.7%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 September 30, 2019Oakland County 401(A) Employees Retirement SystemPlan SummaryFund Utilization By Age as of September 30, 2019Asset AllocationAsset ClassYour Plan Assets as of 9/30/2019 Your Plan % as of 9/30/2019Stable Value $59,807,674 9.7%Fixed Inc-Domestic $42,214,911 6.8%Fixed Inc-Glbl / International $8,325,373 1.4%Allocation $227,819,354 36.9%Equity - U.S. Large $139,643,267 22.6%Equity - U.S. Mid/Small $73,539,526 11.9%Equity - Glbl / International $49,516,922 8.0%Alternative / Other $17,354,547 2.8%Total Participant Balances $618,221,574 100.0%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 September 30, 2019INVESTMENT OPTIONSBalance % Invested in Fund # of PptsPpts Using as Sole InvestmentTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$62,920,63910.2%986293GUARANTEED INCOME FUND$59,807,6749.7%1,271102FIDELITY CONTRAFUND FUND$43,466,1237.0%1,2165JPMORGAN EQUITY INCOME FUND CLASS R5$41,267,6566.7%1,3331TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$34,704,2005.6%81286FIDELITY 500 INDEX FUND$32,056,8245.2%1,12017PGIM TOTAL RETURN BOND FUND -CLASS Z$28,836,7244.7%1,0810TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$28,459,2584.6%56981EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$27,701,0364.5%1,2500MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$25,759,0634.2%9481FIDELITY GROWTH COMPANY$22,852,6643.7%1,25814TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$19,635,7663.2%60085TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$18,022,8782.9%709108TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$17,577,4702.8%1,048128PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$16,746,2142.7%9613T. ROWE PRICE NEW HORIZONS FUND$16,038,1902.6%1,13116SELF DIRECTED BROKERAGE ACCOUNT$12,535,9692.0%802FIDELITY SMALL CAP INDEX FUND$11,460,2831.9%5152TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$10,363,5061.7%33550VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$9,143,5281.5%9980AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$8,559,6821.4%8581BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$8,325,3731.3%5710FIDELITY EM ERGING M ARKETS INDEX FUND$8,208,9881.3%8760FIDELITY PURITAN FUND$8,207,4351.3%5517FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$7,241,9941.2%8840PIMCO INCOME FUND CLASS A$5,449,2730.9%3010AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$5,014,0900.8%3491TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$4,993,7470.8%64892PGIM HIGH YIELD FUND- CLASS Z$4,768,7450.8%3310COHEN & STEERS INSTITUTIONAL REALTY SHARES$4,102,2400.7%3362TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$3,868,3590.6%471124FIDELITY MID CAP INDEX FUND$1,954,4950.3%1110PIMCO REAL RETURN FUND CLASS A$1,733,2990.3%2180FIDELITY INTERNATIONAL INDEX FUND$1,656,1480.3%2240FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$805,7000.1%1432BNY MELLON NATURAL RESOURCES FUND CLASS I$716,3380.1%1500COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$654,8600.1%541TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$651,6590.1%14481INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$621,1710.1%460TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$516,3680.1%9013TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$496,9950.1%737VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$318,9520.1%500Total$618,221,574100.0%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 2 0 1 0 5 0 825-34112004416735-444119079410745-54172553109118755-6418749833411965+238104027Total44141522127410515Active/Suspended Terminated Active/Suspended Terminated Active/Suspended TerminatedLess than 25$6,221$0$4,665$0$19,206$0 $30,09125-34$10,045 $15,482 $397,145$0 $1,326,389 $33,882 $1,782,94235-44$163,857 $60,575 $2,747,469$0 $12,349,352 $203,458 $15,524,71145-54$3,329,597 $598,133 $13,085,165 $176,418 $23,992,560$422 $41,182,29555-64$2,452,854 $975,101 $15,917,751 $2,113,937 $9,527,387 $339,002 $31,326,03165+$551,359 $1,144,539 $1,771,296 $4,291,059 $601,426$0 $8,359,680Total$6,513,932 $2,793,830 $33,923,492 $6,581,413 $47,816,320 $576,763 $98,205,750Conservative ModerateAggressiveConservative ModerateAggressiveParticipant Age RangeTotalTotalParticipant Age Rangeaverage contribution rate (%) for active 4.4%GoalMaker participants0.7 Yearsaverage length of time GoalMakerparticipants have been enrolled in GoalMakeractively elected GoalMaker9.7%GoalMaker participation rate for those whoGoalMaker® Participationas of 9/30/201912/31/2018 3/31/2019 6/30/2019 9/30/2019Plan Assets for Participants in GoalMaker $37,647,449 $64,419,707 $85,616,405 $98,205,750# of Participants in GoalMaker 218 320 433 515Participation Rate in GoalMaker 4.1% 6.1% 8.2% 9.8%% of Plan Assets for GoalMaker Participants 7.0% 10.8% 13.9% 15.9%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 9/30/20199.5%41.2%49.3%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 Investor12/31/2018 3/31/2019 6/30/2019 9/30/2019Plan 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 Investor12/31/2018 3/31/2019 6/30/2019 9/30/2019Plan Assets for Participants In GoalMaker $37,647,449 $64,419,707 $85,616,405 $98,205,750# of Participants in GoalMaker 218 320 433 515Participation Rate in GoalMaker 4.1% 6.1% 8.2% 9.8%% of Plan Assets for GoalMaker Participants 7.0% 10.8% 13.9% 15.9%Total12/31/2018 3/31/2019 6/30/2019 9/30/2019Plan Assets for Participants In GoalMaker $37,647,449 $64,419,707 $85,616,405 $98,205,750# of Participants in GoalMaker 218 320 433 515Participation Rate in GoalMaker 4.1% 6.1% 8.2% 9.8%% of Plan Assets for GoalMaker Participants 7.0% 10.8% 13.9% 15.9%Percentage of Assets byGoalMaker® Investor -As of 9/30/20190.0%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$3,419 $146,683 $2,203,885 $10,793,138 $21,906,591 $24,753,957 $59,807,674Fixed Inc-Domestic$1,270 $212,373 $3,142,171 $14,334,807 $16,369,773 $8,154,516 $42,214,911Fixed Inc-Glbl / International$449 $32,930 $457,217 $2,658,951 $3,772,766 $1,403,060 $8,325,373Allocation$485,642 $15,727,065 $46,509,227 $71,748,151 $53,357,202 $39,992,068 $227,819,354Equity - U.S. Large$62,688 $1,996,944 $21,305,440 $56,210,393 $34,927,568 $25,140,233 $139,643,267Equity - U.S. Mid/Small$65,554 $1,673,968 $14,075,355 $29,275,698 $18,722,703 $9,726,248 $73,539,526Equity - Glbl / International$11,942 $970,172 $9,425,738 $22,157,513 $12,059,634 $4,891,923 $49,516,922Alternative / Other$0 $125,213 $2,226,784 $6,470,737 $4,727,335 $3,804,477 $17,354,547Total Assets$630,964 $20,885,349 $99,345,817 $213,649,387 $165,843,573 $117,866,483 $618,221,574% of Assets0.1%3.4% 16.1% 34.6% 26.8% 19.1% 100.0% Active Participants 85736862 1,059659141 3,542 Terminated Participants20190320323367409 1,629 Other Participants *1622203629114Total Participants **106932 1,204 1,402 1,062579 5,285Avg Account Balance$5,952 $22,409 $82,513 $152,389 $156,162 $203,569 $116,977Asset Allocation by Age Group as of September 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.).**Total column for participant count is a sum of participants across each age group. E.g. If a participant has both a main account and beneficiary account within different age groups (decedent's date of birth), that participant will be counted twice.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.INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$0 $98,892 $10,391,379 $20,246,863 $16,300,753 $15,882,752 $62,920,639GUARANTEED INCOME FUND$3,419 $146,683 $2,203,885 $10,793,138 $21,906,591 $24,753,957 $59,807,674FIDELITY CONTRAFUND FUND$31,947 $251,442 $5,840,096 $16,975,844 $9,848,561 $10,518,234 $43,466,123JPMORGAN EQUITY INCOME FUND CLASS R5$5,537 $570,944 $6,222,066 $15,866,883 $10,946,574 $7,655,652 $41,267,656TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0 $80,809 $7,654,245 $23,550,452 $2,536,789 $881,905 $34,704,200FIDELITY 500 INDEX FUND$3,239 $516,151 $4,676,874 $13,323,196 $8,241,165 $5,296,199 $32,056,824PGIM TOTAL RETURN BOND FUND -CLASS Z$942 $129,508 $1,628,455 $10,205,868 $11,401,761 $5,470,189 $28,836,724TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0$0 $1,589,303 $6,140,007 $15,137,518 $5,592,431 $28,459,259EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$1,883 $254,833 $4,296,883 $11,682,531 $6,960,515 $4,504,392 $27,701,036MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$7,121 $508,588 $4,697,933 $11,048,469 $6,534,147 $2,962,804 $25,759,063FIDELITY GROWTH COMPANY$21,966 $658,407 $4,566,405 $10,044,469 $5,891,269 $1,670,149 $22,852,664TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0 $39,460 $527,873 $15,430,502 $3,404,859 $233,072 $19,635,766TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0 $245,864 $16,274,263 $1,455,830 $44,961$1,960 $18,022,878TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$65,341 $7,350,653 $8,536,991 $1,074,144 $506,616 $43,726 $17,577,470PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$0 $23,013 $31,264 $727,153 $4,443,863 $11,520,920 $16,746,214T. ROWE PRICE NEW HORIZONS FUND$59,474 $949,601 $3,720,203 $5,813,427 $3,631,731 $1,863,754 $16,038,190SELF DIRECTED BROKERAGE ACCOUNT$0 $48,309 $1,439,585 $4,494,267 $3,442,384 $3,111,424 $12,535,969FIDELITY SMALL CAP INDEX FUND$0 $128,719 $2,368,575 $4,180,218 $3,263,380 $1,519,392 $11,460,283TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$0$49$8,496 $776,926 $8,231,727 $1,346,309 $10,363,506VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$1,695 $192,157 $1,925,342 $3,717,509 $2,272,563 $1,034,261 $9,143,528AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$1,633 $87,863 $1,610,418 $3,968,097 $1,942,949 $948,721 $8,559,682BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$449 $32,930 $457,217 $2,658,951 $3,772,766 $1,403,060 $8,325,373FIDELITY EMERGING MARKETS INDEX FUND$2,701 $234,217 $1,914,176 $3,681,546 $2,012,530 $363,817 $8,208,988FIDELITY PURITAN FUND$0 $60,498 $893,577 $2,180,148 $1,532,277 $3,540,935 $8,207,435FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$2,503 $130,916 $1,514,470 $3,229,137 $1,730,943 $634,026 $7,241,994PIMCO INCOME FUND CLASS A$0 $41,983 $726,056 $1,732,836 $2,027,069 $921,329 $5,449,273AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$8 $96,467 $794,198 $2,378,639 $1,233,024 $511,755 $5,014,090TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$13,522 $4,277,604 $550,800 $37,108 $114,712$0 $4,993,747PGIM HIGH YIELD FUND- CLASS Z$0 $14,814 $462,987 $1,511,032 $1,466,705 $1,313,207 $4,768,745COHEN & STEERS INSTITUTIONAL REALTY SHARES$0 $66,260 $688,494 $1,651,301 $1,092,054 $604,130 $4,102,240TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$49,566 $3,321,255$2$1,989 $495,547$0 $3,868,359FIDELITY MID CAP INDEX FUND$0 $17,743 $249,882 $652,876 $863,571 $170,424 $1,954,495PIMCO REAL RETURN FUND CLASS A$328$2,054 $210,660 $598,079 $594,652 $327,527 $1,733,299FIDELITY INTERNATIONAL INDEX FUND$2 $38,681 $354,509 $918,757 $266,204 $77,994 $1,656,148FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$0 $23,824 $65,736 $46,387 $563,444 $106,309 $805,700BNY MELLON NATURAL RESOURCES FUND CLASS I$0 $10,644 $98,704 $325,169 $192,898 $88,923 $716,338COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$0$396 $34,591 $79,803 $509,176 $30,894 $654,860TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$357,213 $228,573 $14,628 $36,648 $14,597$0 $651,659INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$0$189 $48,278 $240,605 $316,144 $15,955 $621,171TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0$0$0$0 $50,377 $465,991 $516,368TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0$0$1,815 $10,578 $33,430 $451,172 $496,995VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$477$4,355 $54,504 $162,004 $70,779 $26,832 $318,952Total Assets$630,964 $20,885,349 $99,345,817 $213,649,387 $165,843,573 $117,866,483 $618,221,574% of Assets0.1%3.4%16.1%34.6%26.8%19.1% 100.0%Total Participants1069321,2041,4021,0625795,285Avg. Account Balance$5,952 $22,409 $82,513 $152,389 $156,162 $203,569 $116,977Fund Allocation by Age Group as of September 30, 201928 INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS022255318211180986GUARANTEED INCOME FUND4441353694183011,271FIDELITY CONTRAFUND FUND6652274303001891,217JPMORGAN EQUITY INCOME FUND CLASS R591252564693281471,334TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS051845723516812FIDELITY 500 INDEX FUND3591674033041851,121PGIM TOTAL RETURN BOND FUND -CLASS Z4641503913381351,082TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS002512337348569EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A81022464673131151,251MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3891179353218100949FIDELITY GROWTH COMPANY131042094383511441,259TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS01164671097600TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS0559710061709TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS1551250213511,048PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND03519383196T. ROWE PRICE NEW HORIZONS FUND13130233393277861,132SELF DIRECTED BROKERAGE ACCOUNT021632201080FIDELITY SMALL CAP INDEX FUND03511918112852515TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS0133723559335VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A911120935223979999AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E25018232120599859BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I3367920918659572FIDELITY EMERGING MARKETS INDEX FUND910719032220148877FIDELITY PURITAN FUND0881191165108553FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I109818132521060884PIMCO INCOME FUND CLASS A014651257325302AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6133771298128349TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS255879450648PGIM HIGH YIELD FUND- CLASS Z011581289144332COHEN & STEERS INSTITUTIONAL REALTY SHARES023721367926336TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS214451220471FIDELITY MID CAP INDEX FUND012183737 7111PIMCO REAL RETURN FUND CLASS A1448955120219FIDELITY INTERNATIONAL INDEX FUND11932906022224FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND0614336525143BNY MELLON NATURAL RESOURCES FUND CLASS I073466349150COLUMBIA INCOME BUILDER FUND ADVISOR CLASS0172020654TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS92472120144INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y0151422446TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS0000117990TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS0029115274VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES14141911150Total Participants1069321,2041,4021,0625795,285Average # of Funds Per Participant2.23.24.15.95.54.54.7Plan 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.Participant Count by Fund by Age Group29 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 Summary6/30/2019 4/1/20194/1/2019-6/30/20197/1/2019-9/30/2019Total Participants*3,2723,320 Active Participants2,4542,502 Terminated Participants712714 Suspended Participants108 Other Participants**9393 Multiple Status Participants***33Average Participant Balance$85,415$83,907 Average Account Balance for Active Participants$71,535$70,034Median Participant Balance$23,383$21,554 Median Participant Balance for Active Participants$17,454$16,755Participants Age 50 and Over1,6381,656 Total Assets for Participants Age 50 and Over$220,360,352 $220,977,637Total (Contributions + Rollovers In)$3,067,940 $3,125,847 Employee Contributions$2,915,446 $2,560,745 Rollovers In$152,495 $565,102Total Distributions($2,895,734) ($5,034,110)Percentage of Assets Distributed1.0%1.8%Market Value Gain / Loss****$9,220,022 $1,567,072Total Participant Balances$279,476,972 $278,570,678*** 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 FeaturesGoalMaker6/30/2019 9/30/2019Plan Assets for Participants in GoalMaker $30,465,949 $34,397,845% of Plan Assets for GoalMaker Participants 10.9% 12.3%# of Participants in GoalMaker449 534 Participation Rate in GoalMaker 13.7% 16.1% Prudential % of Participants in GoalMaker - As of 12/31/2018IncomeFlex6/30/2019 9/30/2019% of Plan Assets Invested in IncomeFlex Funds for IncomeFlex Participants 51.1% 26.1%# of Participants in IncomeFlex16 18 Participation Rate in IncomeFlex 0.5% 0.5%Prudential % of Participants in IncomeFlex - As of 12/31/2018Auto Features6/30/2019 9/30/2019 % of Contributing Participants in Contribution Accelerator 5.8% 6.3%Prudential % of Contributing Participants in Contribution Accelerator - As of 12/31/2018Stable Value6/30/2019 9/30/2019Participation Rate in Stable Value 31.9% 32.2%% of Plan Assets in Stable Value 12.3% 12.6%Prudential % of Plan Assets in Stable Value - As of 12/31/201850.8%6.2%33.4%25.8%Participant Activity Call Center4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Total Call Volume371 324Loans4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Amount of New Loans Taken $247,406 $285,204# of New Loans19 26# of Outstanding Active Loans 295 290% of Participants have Outstanding Active Loans 6.9% 6.8%Prudential % of Participants have Outstanding Active Loans - As of 12/31/2018 14.2%Transaction SummaryTransactions4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Total Enrollees* 98 86 Contribution Rate Increases for Active Participants** 280 249 Contribution Rate Decreases for Active Participants** 86 111Total Contribution Rate Changes** 366 360Number of Participants with Transfers 181 148Loan Initiations 19 26Distributions 221 251**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 Rate68.3%71.0%66.7%79.3%79.2%Average Contribution Rate (%)8.5%7.4%6.7%6.6%6.8%Average Account Balance$83,907$64,203$73,643$97,903$102,586Median Account Balance$21,554$64,672$53,025$75,000$77,204% of Plan Assets in Stable Value12.6%25.8%NANANAAverage # of Funds Held5.25.55.25.75.5% of 55+ Participants Utilizing IncomeFlex®0.4%9.2%NANANA% of Participants Utilizing GoalMaker®16.1%50.8%NANANA% of Participants have Outstanding Active Loans6.8%14.2%15.4%13.0%13.5%Average Loan Balance$7,287$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 AgeJuly 1, 2019 to September 30, 2019Less than 25 25-3435-4445-5455-6465+TotalTotal Participant Balances$79,866 $3,208,800 $21,663,337 $73,047,935 $100,100,693 $80,470,047 $278,570,678% Assets0.0%1.2%7.8%26.2%35.9%28.9%100.0%Average Contribution Rate ($)$63$88$119$173$240$353$168Average Contribution Rate (%)6.1%6.5%6.8%7.9%15.3%17.3%8.5%Prudential Avg. Contribution Rate (%) as of 12/31/20184.8%5.8%6.6%7.8%9.5%11.1%7.4% Contributions$14,155 $253,981 $451,849 $956,481 $721,990 $162,288 $2,560,745 Rollovers In*$0 $75,139 $128,896 $214,251 $146,283$533 $565,102Total (Contributions + Rollovers In)$14,155 $329,121 $580,745 $1,170,732 $868,272 $162,822 $3,125,847 Cash Distributions$0 ($3,446) ($51,134) ($226,298) ($352,244) ($549,063) ($1,182,184) Rollovers Out$0 ($6,651) ($47,109) ($222,434) ($1,238,922) ($2,336,810) ($3,851,925)Total (Cash Distributions + Rollovers Out)$0 ($10,096) ($98,243) ($448,732) ($1,591,166) ($2,885,872) ($5,034,110)Net Activity$14,155 $319,024 $482,502 $722,000 ($722,894) ($2,723,051) ($1,908,263)Total Participants**374716569567994033,322Average Account Balance$2,159$6,813 $33,023 $76,410 $125,282 $199,678$83,856Prudential Avg. Account Balance as of 12/31/2018$2,900 $13,375 $39,050 $76,411 $106,786 $113,266$64,203Median Account Balance$772$2,656$9,478 $32,997 $54,196 $88,025$21,554Prudential Median Account Balance as of 12/31/2018$3,965 $10,522 $26,803 $47,337 $71,696 $108,734$64,761High Balance$9,816 $122,560 $429,724 $782,080 $1,341,718 $1,707,517Low Balance$40$25$3$0.01$4$0.01*Rollovers In is the total dollars credited to participant accounts w ithin the period defined that originated in other qualified retirement plan accounts.**Total column for participant count is a sum of participants across each age group. E.g. If a participant has both a main account and beneficiary account w ithin different age groups (decedent's date of birth), that participant will be counted twice.Average Balance By Years of Service as of September 30, 2019Years of Service0 - 5 6 - 10 11 - 15 16 - 20 21 - 25 26 - 30 31 - 35 36 - 40 41 - 45 46 - 50 51 -55 56-60Average Account Balance* $10,185 $18,833 $38,700 $60,579 $124,528 $147,370 $145,803 $318,568 $330,446 $1,196,439 $0 $1,366,742* Active Employees37 Retirement ReadinessOakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.38 Oakland County 457(b) Deferred Compensation PlanFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Plan SummaryParticipation Rate As of September 30, 20196/30/20199/30/2019 Total Eligible To Contribute Population3,5413,560 Contributing (A)2,3902,432 Enrolled Not Contributing (B)97107 Eligible Not Enrolled (C)1,0541,0216/30/20199/30/2019Participation Rate *67.5%68.3% Prudential Book of Business 12/31/2018 Plan Sponsor Survey 2019 - National Average71.0%79.2%* Participation Rate is calculated by A/(A+B+C)Definitions:Eligible Not Enrolled – An individual who meets the requirements to join the plan, but has not enrolled in the plan (as of close of business on the last business day of the period).Contributing – Count of participants who are active/eligible and have a contribution rate (%) or amount ($) 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).68.3%3.0%28.7%ContributingEnrolled Not ContributingEligible Not EnrolledDue to rounding, pie chart may not equal 100%39 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 SummaryParticipation Rate By Employee Location as of September 30, 2019By Location NameContributingEnrolled Not ContributingEligible Not EnrolledAnimal Control15 1 7 65.2%Aviation & Transportation13 0 6 68.4%Board Of Commissioners17 0 16 51.5%Children's Village75 4 107 40.3%Circuit Court206 12 143 57.1%Clerk/Register of Deeds53 2 27 64.6%Community & Home Improvement16 0 3 84.2%Community Corrections30 1 18 61.2%Compliance Office13 0 2 86.7%Corporation Counsel/Risk Management21 1 3 84.0%County Executive 28 0 12 70.0%District Court Administration1 0 0 100.0%Economic Dev & Comm Affairs5 0 4 55.6%Equalization64 2 11 83.1%Facilities 98 3 70 57.3%Health187 6 90 66.1%Homeland Security7 0 2 77.8%Human Resources35 3 1 89.7%IT99 6 26 75.6%Library Board4 0 0 100.0%Management & Budget/Fiscal Services71 0 13 84.5%Medical Examiner 15 1 3 78.9%MSU Extension 2 0 4 33.3%Parks and Recreation52 2 26 65.0%Planning & Economic Development30 0 7 81.1%Probate Court21 2 21 47.7%LocationParticipantsParticipation Rate %9/30/2019ContributingEnrolled Not ContributingEligible Not EnrolledProsecuting Attorney102 1 57 63.8%Sheriff515 20 99 81.2%Sheriff/Addison6 1 0 85.7%Sheriff/Brandon11 0 1 91.7%Sheriff/Commerce34 0 2 94.4%Sheriff/Highland15 0 3 83.3%Sheriff/Independence30 0 1 96.8%Sheriff/Lyon19 1 3 82.6%Sheriff/Oakland12 0 2 85.7%Sheriff/Orion29 1 3 87.9%Sheriff/Oxford13 1 0 92.9%Sheriff/Pontiac64 2 15 79.0%Sheriff/Rochester Hills54 0 6 90.0%Sheriff/Springfield9 0 2 81.8%Support Services19 1 11 61.3%Treasurer28 5 7 70.0%Veterans Services Admin10 0 5 66.7%Water Resources Commissioner191 9 127 58.4%Workforce Development4 0 2 66.7%52/1 District Court38 0 9 80.9%52/2 District Court18 0 5 78.3%52/3 District Court20 1 20 48.8%52/4 District Court13 1 12 50.0%#N/A0 17 7 0.0%Total2,432 107 1,021 68.3%LocationParticipantsParticipation Rate %9/30/201940 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 SummaryParticipation Rate By Employee Location as of September 30, 2019By Participation Rate%ContributingEnrolled Not ContributingEligible Not EnrolledDistrict Court Administration1 0 0 100.0%Library Board4 0 0 100.0%Sheriff/Independence30 0 1 96.8%Sheriff/Commerce34 0 2 94.4%Sheriff/Oxford13 1 0 92.9%Sheriff/Brandon11 0 1 91.7%Sheriff/Rochester Hills54 0 6 90.0%Human Resources35 3 1 89.7%Sheriff/Orion29 1 3 87.9%Compliance Office13 0 2 86.7%Sheriff/Addison6 1 0 85.7%Sheriff/Oakland12 0 2 85.7%Management & Budget/Fiscal Services71 0 13 84.5%Community & Home Improvement16 0 3 84.2%Corporation Counsel/Risk Management21 1 3 84.0%Sheriff/Highland15 0 3 83.3%Equalization64 2 11 83.1%Sheriff/Lyon19 1 3 82.6%Sheriff/Springfield9 0 2 81.8%Sheriff515 20 99 81.2%Planning & Economic Development30 0 7 81.1%52/1 District Court38 0 9 80.9%Sheriff/Pontiac64 2 15 79.0%Medical Examiner 15 1 3 78.9%52/2 District Court18 0 5 78.3%Homeland Security7 0 2 77.8%LocationParticipantsParticipation Rate %9/30/2019ContributingEnrolled Not ContributingEligible Not EnrolledIT99 6 26 75.6%County Executive 28 0 12 70.0%Treasurer28 5 7 70.0%Aviation & Transportation13 0 6 68.4%Veterans Services Admin10 0 5 66.7%Workforce Development4 0 2 66.7%Health187 6 90 66.1%Animal Control15 1 7 65.2%Parks and Recreation52 2 26 65.0%Clerk/Register of Deeds53 2 27 64.6%Prosecuting Attorney102 1 57 63.8%Support Services19 1 11 61.3%Community Corrections30 1 18 61.2%Water Resources Commissioner191 9 127 58.4%Facilities 98 3 70 57.3%Circuit Court206 12 143 57.1%Economic Dev & Comm Affairs5 0 4 55.6%Board Of Commissioners17 0 16 51.5%52/4 District Court13 1 12 50.0%52/3 District Court20 1 20 48.8%Probate Court21 2 21 47.7%Children's Village75 4 107 40.3%MSU Extension 2 0 4 33.3%#N/A0 17 7 0.0%Total2,432 107 1,021 68.3%LocationParticipantsParticipation Rate %9/30/201941 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 Completions426Unique Completions335Contribution Rate Increase57Average Balance, RIC Participant$71,442Average Balance, Non-RIC Participant$73,266Average Contribution Rate, RIC Participant8.58%Average Contribution Rate, Non-RIC Participant8.33%Total Count of Participants with a RIC Gap1,017Average RIC Gap $3,118Total Count of Participants with a RIC Surplus352Average RIC Surplus $2,145Average Income Replacement, RIC Participant61%Average Income Replacement, Non-RIC Participant82%Since Inception for Currently Active Participants as of 9/30/20197/1/2019 - 9/30/201942 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 9/30/2019<=44 45-54 55-64 65+ Grand TotalParticipants Enrolled in IncomeFlex 6 7 3 2 18IncomeFlex AssetsAs of 9/30/2019, the participants invested in IncomeFlex have 26.1% of their total plan assets in these funds, with an average balance of $49,385.IncomeFlex UtilizationDuring the period of 7/1/2019 to 9/30/2019, 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 September 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 Features7/1/2019 - 9/30/2019 Number of Participants Enrolled Into Contribution Accelerator During the Reporting Period17 Number of Participants That Declined Contribution Accelerator During the Reporting Period110 Number of Participants Enrolled Into Contribution Accelerator During the Reporting Period and Still Remain in the Program15 Defaulted Into Contribution Accelerator0 Opted Into Contribution Accelerator15 Opted Into Contribution Accelerator at 1% Contribution Increment14 Opted Into Contribution Accelerator at >1% Contribution Increment1Contribution 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 OPTIONS4/1/2019 - 6/30/2019 % 7/1/2019 - 9/30/2019 %Change%FIDELITY 500 INDEX FUND$320,12511.0%$271,89510.6%($48,230) -15.1%FIDELITY GROWTH COMPANY$278,6089.6%$257,93710.1%($20,670)-7.4%GUARANTEED INCOME FUND$214,3997.4%$199,0257.8%($15,373)-7.2%JPMORGAN EQUITY INCOME FUND CLASS R5$158,6455.4%$148,9365.8%($9,710)-6.1%T. ROWE PRICE NEW HORIZONS FUND$146,2525.0%$128,8235.0%($17,430) -11.9%TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$150,4925.2%$120,7384.7%($29,754) -19.8%MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$101,0243.5%$109,2774.3%$8,2538.2%TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$134,9534.6%$109,1204.3%($25,833) -19.1%PGIM TOTAL RETURN BOND FUND -CLASS Z$118,4464.1%$102,5294.0%($15,917)-13.4%TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$109,2173.8%$100,3023.9%($8,915)-8.2%TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$116,7504.0%$89,4653.5%($27,285) -23.4%FIDELITY PURITAN FUND$99,0483.4%$81,5773.2%($17,471) -17.6%TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$86,8493.0%$76,2163.0%($10,633) -12.2%TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$86,2523.0%$67,2452.6%($19,008) -22.0%AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$82,5362.8%$66,9652.6%($15,570)-18.9%EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$65,4432.2%$61,6592.4%($3,784)-5.8%VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$64,6922.2%$59,2002.3%($5,491)-8.5%FIDELITY EMERGING MARKETS INDEX FUND$59,0542.0%$57,7912.3%($1,263)-2.1%TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$61,5452.1%$54,0502.1%($7,495) -12.2%FIDELITY CONTRAFUND FUND$62,9692.2%$53,5542.1%($9,415) -15.0%FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$51,4411.8%$47,8791.9%($3,562)-6.9%FIDELITY SMALL CAP INDEX FUND$40,4591.4%$36,5551.4%($3,904)-9.7%TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$34,3561.2%$31,5371.2%($2,819)-8.2%BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$35,2781.2%$31,2411.2%($4,037)-11.4%FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$32,5601.1%$26,4491.0%($6,111) -18.8%COHEN & STEERS INSTITUTIONAL REALTY SHARES$21,2060.7%$21,0040.8%($202)-1.0%FIDELITY INTERNATIONAL INDEX FUND$23,2000.8%$20,5200.8%($2,680) -11.6%FIDELITY MID CAP INDEX FUND$19,6370.7%$18,2470.7%($1,391)-7.1%AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$16,1770.6%$13,9900.6%($2,187)-13.5%TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$13,0410.5%$13,1260.5%$850.7%PIMCO INCOME FUND CLASS A$13,8990.5%$12,6460.5%($1,253)-9.0%PGIM HIGH YIELD FUND- CLASS Z$16,0530.6%$11,9850.5%($4,068) -25.3%PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$12,8190.4%$10,5590.4%($2,260)-17.6%VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$10,6560.4%$9,5860.4%($1,071) -10.0%INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$14,8410.5%$9,4920.4%($5,349) -36.0%TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$10,5680.4%$6,5040.3%($4,064) -38.5%TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$9,0440.3%$6,0660.2%($2,978)-32.9%COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$6,0080.2%$5,8480.2%($160)-2.7%TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$8,3250.3%$5,6270.2%($2,698)-32.4%BNY MELLON NATURAL RESOURCES FUND CLASS I$5,9570.2%$3,2070.1%($2,750)-46.2%PIMCO REAL RETURN FUND CLASS A$2,6250.1%$2,3750.1%($250)-9.5%Total Assets Contributed$2,915,446100.0%$2,560,745100.0%($354,701) -12.2%Contributions by FundOakland County 457(b) Deferred Compensation PlanPlan Summary47 INVESTMENT OPTIONSINOUTNETGUARANTEED INCOME FUND$2,636,046 ($553,793) $2,082,252PGIM TOTAL RETURN BOND FUND -CLASS Z$808,063 ($145,197) $662,865MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$676,607($80,545) $596,062JPMORGAN EQUITY INCOME FUND CLASS R5$587,581 ($148,177) $439,404TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$361,487($44,903) $316,584FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$376,839($72,988) $303,851FIDELITY EMERGING MARKETS INDEX FUND$249,133($59,933) $189,200BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$345,343 ($165,457) $179,886VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$251,778 ($117,842) $133,936PIMCO INCOME FUND CLASS A$110,018($4,189) $105,829FIDELITY SMALL CAP INDEX FUND$135,580($65,833)$69,747AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$73,978($28,190)$45,788PGIM HIGH YIELD FUND- CLASS Z$83,865($52,293)$31,573PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$95,457($68,292)$27,165PIMCO REAL RETURN FUND CLASS A$22,678($230)$22,447COHEN & STEERS INSTITUTIONAL REALTY SHARES$127,373 ($107,923)$19,450FIDELITY MID CAP INDEX FUND$92,701($92,970)($269)TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$11($1,311)($1,300)TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$1,287($9,302)($8,014)EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$265,461 ($278,500)($13,039)FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$161,944 ($179,155)($17,211)FIDELITY INTERNATIONAL INDEX FUND$3,318($32,689)($29,370)TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$0($45,120)($45,120)BNY MELLON NATURAL RESOURCES FUND CLASS I$0($45,899)($45,899)VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$0($71,840)($71,840)TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0($73,867)($73,867)TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$63($74,877)($74,814)COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$13,500 ($102,855)($89,355)FIDELITY PURITAN FUND$128,768 ($222,441)($93,673)TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0 ($126,801) ($126,801)TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$23 ($139,019) ($138,995)INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$0($145,696) ($145,696)SELF DIRECTED BROKERAGE ACCOUNT$124,430 ($308,800) ($184,371)FIDELITY CONTRAFUND FUND$77,350 ($300,261) ($222,911)AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$58,678 ($319,866) ($261,188)T. ROWE PRICE NEW HORIZONS FUND$223,695 ($549,333) ($325,638)TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$8,602 ($532,119) ($523,516)FIDELITY 500 INDEX FUND$223,312 ($925,937) ($702,626)TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0 ($768,782) ($768,782)FIDELITY GROWTH COMPANY$458,268 ($1,720,013) ($1,261,745)TOTAL$8,783,237 ($8,783,237)$07/1/2019 to 9/30/2019For 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 Taken4/1/2019 - 7/1/2019 -4/1/2019 - 7/1/2019 -Distribution Type6/30/2019 9/30/2019 Change% Change 6/30/2019 9/30/2019 Change % ChangeTermination$2,472,136 $4,608,378 $2,136,24286%831001720%Installment Payment$228,948 $261,803 $32,85514%12313076%Death Distribution$135,131 $111,856 ($23,275)-17%8800%Required Minimum Distribution$57,575 $56,745($831)-1%5105100%Hardship Withdrawal$1,944 $10,754 $8,810453%2200%In-Service Withdrawal$0 -$15,426 ($15,426)n/a011n/aGrand Total$2,895,734 $5,034,110 $2,138,37574%2212513014%# of WithdrawalsIn-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).Death Distribution - Distribution taken by a beneficiary. This could include required minimum distributions, installment payments, etc.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.Hardship 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.Distribution Sub-TypeAge < 50 Age >= 50 TotalAge < 50 Age >= 50 TotalRollover$119,149 $3,732,776 $3,851,92542125Cash$145,203 $1,036,982 $1,182,18413213226Grand Total$264,352 $4,769,758 $5,034,11017234251Amount of Withdrawals Taken# of Withdrawals7/1/2019 - 9/30/201949 For Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Rollover Distribution StatisticsOakland County 457(b) Deferred Compensation PlanPlan SummaryRollover InstitutionRolloevr Distribution Amount# of Ppts Rollover InstitutionRolloevr Distribution Amount# of Ppts Rollover InstitutionRolloevr Distribution Amount# of PptsFidelity $450,429 5 TD Ameritrade $653,919 4 Merrill Lynch $1,188,493 2Putnam $430,728 1 Fifth Third Bank $580,746 1 Fidelity $739,584 5Baird $233,460 1 Pershing $106,587 1 NFS $435,136 1Thrivent Financial $231,058 1 VantagePoint Trnsfr $38,305 3 Molloy Financial $364,321 1Vibe Credit Union $144,518 1 Thrivent Financial $24,427 1 Morgan Stanley $314,996 2FBL Financial $121,332 1 Raymond James $19,639 1 Jackson National $169,648 1Genisys Credit Union $69,594 1 Edward Jones $12,102 1 Equity Trust Co $149,038 1Thrift Savings Plan $38,163 1 Morgan Stanley $8,092 1 Prudential $147,666 1Vanguard $8,708 1 AEIS $4,394 1 LPL $127,611 2Merrill Lynch $398 1 USAA $2,119 1 Pershing $95,003 1Raymond James $120 1 Ameriprise $1,331 1 Raymond James $41,961 1Morgan Stanley $17 1 LPL $150 1 Charles Schwab $29,290 1Total $1,728,526 16 Total $1,451,812 17 PNC Bank $17,819 1AXA $15,471 1VantagePoint Trnsfr $14,657 2Flagstar Bank $733 1The Walled Lake School EFCU $500 1Total $3,851,925 257/1/2019 - 9/30/20191/1/2019 - 3/31/20194/1/2019 - 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*37 471 656 956 799 403 3,322w/Loan0 8 40 92 69 15 2240.0%1.7%6.1%9.6%8.6%3.7%6.7%% of Participants With Withdrawal ActivityAs of 9/30/20197/1/2019 - 9/30/2019Average loan balance is $7,2870.8% initiated a new loanPrudential Book of Business Average is $7,665 as of 12/31/20180.1% initiated Hardship Withdrawal6.7% of participants have outstanding active loans0.0% initiated In-Service Withdrawal14.2% Prudential Book of Business Average as of 12/31/201829.5% 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 Initiations4/1/2019-6/30/20197/1/2019-9/30/2019Change % Changeas of 6/30/2019as of 9/30/2019Change % ChangeGeneral Purpose $238,606 $275,204 $36,598 15% 262 256 (6) (2%)Residential $8,800 $10,000 $1,200 14% 33 34 1 3%Grand Total $247,406 $285,204 $37,798 15% 295 290 (5) (2%)4/1/2019-6/30/20197/1/2019-9/30/2019# of Outstanding Active Loans295290# of New Loans1926Average Loan Balance$7,081 $7,287Total Outstanding Loan Balance $2,089,011 $2,113,209Oakland County 457(b) Deferred Compensation PlanPlan Summary# of Oustanding Active LoansParticipant Count1 158266Total22452 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). 10/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/20197/1/2019 - 9/30/2019Call CenterUnique Callers 296 215 237 204Total Call Volume 456 330 371 324Call Center Reason Category10/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/20197/1/2019 - 9/30/2019Account Explanations 109 77 90 51Allocation Changes & Exchange 19 5 8 5Contributions 14 8 9 9Disbursements 159 126 129 148Enrollments 4 5 3 3Forms 2 420Fund Information 6 3 3 2Hardships 12 16 12 12IFX 1 010IVR or Web Assistance 28 5 8 3Loans 48 46 55 60Other 3 2 9 8Payment Questions 0 0 0 0Plan Explanations 11 3 7 1Regen Reg Letter 0 0 0 1Status of Research 3 2 1 1Tax Information 0 940Website Processing 37 19 30 20Total 456 330 371 32453 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 14 220 245 259 231 127 1,096Average # of Funds per Participant 5.6 4.9 4.9 5.7 5.6 4.4 5.2Prudential 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 0.3% 1.4% 2.0% 6.2% 15.4% 18.3% 12.6%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 September 30, 2019Oakland County 457(b) Deferred Compensation PlanPlan SummaryFund Utilization By Age as of September 30, 2019Asset AllocationAsset ClassYour Plan Assets as of 9/30/2019 Your Plan % as of 9/30/2019Stable Value $35,149,431 12.6%Fixed Inc-Domestic $21,059,419 7.6%Fixed Inc-Glbl / International $3,444,702 1.2%Allocation $64,708,873 23.2%Equity - U.S. Large $94,232,768 33.8%Equity - U.S. Mid/Small $30,357,059 10.9%Equity - Glbl / International $19,353,964 7.0%Alternative / Other $10,264,463 3.7%Total Participant Balances $278,570,678 100.0%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 September 30, 2019INVESTMENT OPTIONSBalance % Invested in Fund # of PptsPpts Using as Sole InvestmentFIDELITY GROWTH COMPANY$43,571,111 15.6% 1,465 37GUARANTEED INCOME FUND$35,149,431 12.6% 1,069 125FIDELITY 500 INDEX FUND $30,982,217 11.1% 1,021 27FIDELITY PURITAN FUND $14,371,947 5.2% 518 31PGIM TOTAL RETURN BOND FUND -CLASS Z$13,437,759 4.8% 959 2JPMORGAN EQUITY INCOME FUND CLASS R5$12,306,656 4.4% 1,105 3TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$11,750,270 4.2% 174 76T. ROWE PRICE NEW HORIZONS FUND$11,474,859 4.1% 1,248 25TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS $7,667,110 2.8% 144 89SELF DIRECTED BROKERAGE ACCOUNT $7,657,860 2.7% 112 5FIDELITY CONTRAFUND FUND $7,372,784 2.6% 693 6MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$6,673,994 2.4% 619 0AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E $6,200,014 2.2% 760 2TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS $6,073,720 2.2% 196 104EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$5,899,469 2.1% 858 3VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$5,077,197 1.8% 1,056 1TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS $4,574,106 1.6% 65 25TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS $4,104,282 1.5% 153 91TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS $3,941,306 1.4% 182 112FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$3,918,345 1.4% 1,028 0TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS $3,862,226 1.4% 75 16BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$3,444,702 1.2% 488 0FIDELITY EMERGING MARKETS INDEX FUND$3,050,681 1.1% 932 0FIDELITY SMALL CAP INDEX FUND $2,880,044 1.0% 229 1FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND $2,582,086 0.9% 226 5TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$2,409,2160.9%728COHEN & STEERS INSTITUTIONAL REALTY SHARES$2,353,4950.8%1757PGIM HIGH YIELD FUND- CLASS Z$2,131,4040.8%2070TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$1,894,3460.7%151109FIDELITY INTERNATIONAL INDEX FUND$1,854,6510.7%3211COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$1,396,0020.5%702INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$1,373,3760.5%940PIMCO INCOME FUND CLASS A$1,246,6690.4%770AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$1,132,6800.4%3160FIDELITY MID CAP INDEX FUND$1,107,1450.4%1273TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$913,1960.3%12999PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$888,9260.3%183TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$636,0190.2%8866VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$441,9450.2%740PIMCO REAL RETURN FUND CLASS A$288,1250.1%340BNY MELLON NATURAL RESOURCES FUND CLASS I$253,1080.1%590TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$226,2020.1%2612Total$278,570,678100.0%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 2 0 3 0 7 1 1325-34812015328535-447019283111245-54131562109118255-6418540447311765+24927125Total5011147113069534Active/Suspended Terminated Active/Suspended Terminated Active/Suspended TerminatedLess than 25$772$0$2,443$0$11,804$64 $15,08325-34$16,748$880$90,899$324 $290,890 $2,316 $402,05735-44$34,998$0 $733,164 $1,840 $3,873,942 $69,759 $4,713,70445-54$988,448 $313,800 $4,526,194 $113,910 $8,597,575$38 $14,539,96655-64$2,878,770 $694,936 $3,420,778 $595,049 $3,407,225 $351,129 $11,347,88665+$373,300 $623,785 $642,407 $593,945 $981,532 $164,181 $3,379,150Total$4,293,036 $1,633,400 $9,415,885 $1,305,068 $17,162,969 $587,488 $34,397,845Conservative ModerateAggressiveConservative ModerateAggressiveParticipant Age RangeTotalTotalParticipant Age Rangeaverage contribution rate (%) for active 7.2%GoalMaker participants0.7 Yearsaverage length of time GoalMakerparticipants have been enrolled in GoalMakeractively elected GoalMaker16.1%GoalMaker participation rate for those whoGoalMaker® Participationas of 9/30/201912/31/2018 3/31/2019 6/30/2019 9/30/2019Plan Assets for Participants in GoalMaker $12,779,644 $24,102,711 $30,465,949 $34,397,845# of Participants in GoalMaker 226 331 449 534Participation Rate in GoalMaker 7.1% 10.3% 13.7% 16.1%% of Plan Assets for GoalMaker Participants 5.2% 8.9% 10.9% 12.3%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 9/30/201917.2%31.2%51.6%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 Investor12/31/2018 3/31/2019 6/30/2019 9/30/2019Plan 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 Investor12/31/2018 3/31/2019 6/30/2019 9/30/2019Plan Assets for Participants In GoalMaker $12,779,644 $24,102,711 $30,465,949 $34,397,845# of Participants in GoalMaker 226 331 449 534Participation Rate in GoalMaker 7.1% 10.3% 13.7% 16.1%% of Plan Assets for GoalMaker Participants 5.2% 8.9% 10.9% 12.3%Total12/31/2018 3/31/2019 6/30/2019 9/30/2019Plan Assets for Participants In GoalMaker $12,779,644 $24,102,711 $30,465,949 $34,397,845# of Participants in GoalMaker 226 331 449 534Participation Rate in GoalMaker 7.1% 10.3% 13.7% 16.1%% of Plan Assets for GoalMaker Participants 5.2% 8.9% 10.9% 12.3%Percentage of Assets byGoalMaker® Investor -As of 9/30/20190.0%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$275 $43,326 $433,117 $4,511,073 $15,405,817 $14,755,823 $35,149,431Fixed Inc-Domestic$603 $101,811 $844,894 $5,476,424 $9,041,943 $5,593,744 $21,059,419Fixed Inc-Glbl / International$113 $7,362 $116,512 $1,039,389 $1,579,000 $702,326 $3,444,702Allocation$23,910 $1,249,141 $5,413,671 $14,344,203 $25,342,413 $18,335,536 $64,708,873Equity - U.S. Large$22,489 $981,737 $7,163,250 $26,300,706 $28,931,897 $30,832,689 $94,232,768Equity - U.S. Mid/Small$26,241 $465,374 $4,014,645 $9,941,108 $10,401,357 $5,508,334 $30,357,059Equity - Glbl / International$6,123 $344,922 $2,787,971 $7,267,784 $6,086,253 $2,860,911 $19,353,964Alternative / Other$112 $15,127 $889,278 $4,167,249 $3,312,014 $1,880,684 $10,264,463Total Assets$79,866 $3,208,800 $21,663,337 $73,047,935 $100,100,693 $80,470,047 $278,570,678% of Assets0.0%1.2%7.8% 26.2% 35.9% 28.9% 100.0% Active Participants 33430585826529102 2,505 Terminated Participants 43863117232262716 Suspended Participants 0013138 Other Participants *03710373693Total Participants**37471656956799403 3,322Avg Account Balance$2,159 $6,813 $33,023 $76,410 $125,282 $199,678 $83,856Asset Allocation by Age Group as of September 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.).**Total column for participant count is a sum of participants across each age group. E.g. If a participant has both a main account and beneficiary account within different age groups (decedent's date of birth), that participant will be counted twice.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$6,962 $240,642 $3,171,916 $11,388,039 $13,342,860 $15,420,692 $43,571,111GUARANTEED INCOME FUND$275 $43,326 $433,117$4,511,073 $15,405,817 $14,755,823 $35,149,431FIDELITY 500 INDEX FUND$10,068 $464,726 $1,745,768$8,934,940$9,446,998 $10,379,717 $30,982,217FIDELITY PURITAN FUND$0 $11,344 $599,591$2,930,476$5,509,056$5,321,480 $14,371,947PGIM TOTAL RETURN BOND FUND -CLASS Z$449 $70,309 $518,655$3,799,082$5,695,850$3,353,413 $13,437,759JPMORGAN EQUITY INCOME FUND CLASS R5$3,463 $208,109 $1,674,604$4,264,944$3,987,917$2,167,618 $12,306,656TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$0$3,554 $49,916$1,877,405$5,801,857$4,017,538 $11,750,270T. ROWE PRICE NEW HORIZONS FUND$22,872 $204,971 $1,475,704$3,342,058$4,498,922$1,930,331 $11,474,859TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0$0 $71,620$759,219$5,698,214$1,138,057$7,667,110SELF DIRECTED BROKERAGE ACCOUNT$0$6,985 $594,092$3,151,730$2,312,768$1,592,286$7,657,860FIDELITY CONTRAFUND FUND$1,996 $68,260 $570,962$1,712,783$2,154,122$2,864,662$7,372,784MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3$3,756 $102,463 $1,309,661$2,989,441$1,791,291$477,383$6,673,994AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E$516 $103,310 $574,912$1,939,290$2,033,144$1,548,841$6,200,014TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0$949 $310,841$3,939,410$1,565,524$256,997$6,073,720EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A$1,024 $49,956 $686,668$2,076,938$2,002,284$1,082,599$5,899,469VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A$1,124 $92,385 $613,391$1,799,912$1,429,891$1,140,494$5,077,197TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0$0$0$10,425$2,217,466$2,346,215$4,574,106TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0 $16,846 $645,198$2,502,404$809,686$130,148$4,104,282TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0 $104,598 $2,080,537$1,262,237$258,454$235,481$3,941,306FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I$1,067 $56,479 $649,136$1,506,365$1,106,433$598,866$3,918,345TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0$2,907 $22,817$202,221$913,107$2,721,174$3,862,226BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I$113$7,362 $116,512$1,039,389$1,579,000$702,326$3,444,702FIDELITY EMERGING MARKETS INDEX FUND$1,744 $81,764 $560,269$1,297,542$877,141$232,221$3,050,681FIDELITY SMALL CAP INDEX FUND$0 $44,082 $416,438$875,998$971,126$572,400$2,880,044FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND$154 $17,981 $57,956$495,821$1,322,635$687,539$2,582,086TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$0$1,050 $18,921$168,128$511,684$1,709,433$2,409,216COHEN & STEERS INSTITUTIONAL REALTY SHARES$112$7,570 $273,038$928,176$872,049$272,549$2,353,495PGIM HIGH YIELD FUND- CLASS Z$0$4,518 $68,628$437,814$888,852$731,592$2,131,404TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$4,652 $265,209 $1,271,449$340,152$12,882$2$1,894,346FIDELITY INTERNATIONAL INDEX FUND$25 $10,933 $198,602$535,412$675,707$433,972$1,854,651COLUMBIA INCOME BUILDER FUND ADVISOR CLASS$0$4,141 $31,987$118,189$1,052,711$188,973$1,396,002INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y$0$5,718 $18,516$213,796$514,136$621,209$1,373,376PIMCO INCOME FUND CLASS A$0$3,131 $173,487$390,273$530,052$149,726$1,246,669AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-6$83 $45,380 $94,703$378,078$500,967$113,470$1,132,680FIDELITY MID CAP INDEX FUND$153 $17,501 $173,308$339,838$392,700$183,644$1,107,145TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$3,396 $436,949 $307,499$29,195$136,156$2$913,196PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND$0$1,477$394$179,106$437,911$270,037$888,926TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$2,001 $348,481$2,731$6,495$276,309$0$636,019VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES$0$1,073 $49,824$128,020$208,004$55,024$441,945PIMCO REAL RETURN FUND CLASS A$0$153$7,652$139,638$90,418$50,264$288,125BNY MELLON NATURAL RESOURCES FUND CLASS I$0$571 $22,148$87,343$127,197$15,849$253,108TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$13,861 $51,635$170$19,140$141,396$0$226,202Total Assets$79,866 $3,208,800 $21,663,337 $73,047,935 $100,100,693 $80,470,047 $278,570,678% of Assets0.0%1.2%7.8%26.2%35.9%28.9%100.0%Total Participants374716569567994033,322Avg. Account Balance$2,159$6,813 $33,023$76,410$125,282$199,678$83,856Fund Allocation by Age Group as of September 30, 201961 INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalFIDELITY GROWTH COMPANY181432574993831661,466GUARANTEED INCOME FUND5681202853792121,069FIDELITY 500 INDEX FUND61131533412611481,022FIDELITY PURITAN FUND01161169169110520PGIM TOTAL RETURN BOND FUND -CLASS Z12130150295273100960JPMORGAN EQUITY INCOME FUND CLASS R520180226347257761,106TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS017348250174T. ROWE PRICE NEW HORIZONS FUND21199258395292841,249TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS006269913144SELF DIRECTED BROKERAGE ACCOUNT0222403414112FIDELITY CONTRAFUND FUND711113621016168693MFS INTERNATIONAL INTRINSIC VALUE FUND CLASS R3139212621514330619AMERICAN FUNDS EUROPACIFIC GROWTH FUND CLASS R-5E610615023718181761TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS01221095311196EATON VANCE ATLANTA CAPITAL SMID-CAP FUND CLASS A1310118029521159859VICTORY SYCAMORE ESTABLISHED VALUE FUND CLASS A19182214326244721,057TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS0004263565TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS053410762154TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS0101065691182FIDELITY ADVISOR SMALL CAP VALUE FUND CLASS I19172220330227611,029TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS0158164575BNY MELLON GLOBAL FIXED INCOME FUND - CLASS I6365917916345488FIDELITY EMERGING MARKETS INDEX FUND1817619430120142932FIDELITY SMALL CAP INDEX FUND02838766720229FIDELITY INTERMEDIATE TREASURY BOND INDEX FUND11526608341226TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS01815192972COHEN & STEERS INSTITUTIONAL REALTY SHARES11332615117175PGIM HIGH YIELD FUND- CLASS Z01528716627207TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS238100641151FIDELITY INTERNATIONAL INDEX FUND47269866228321COLUMBIA INCOME BUILDER FUND ADVISOR CLASS01111930970INVESCO OPPENHEIMER SENIOR FLOATING RATE FUND CLASS Y041023391995PIMCO INCOME FUND CLASS A07142921677AMERICAN FUNDS NEW PERSPECTIVE FUND CLASS R-64836897577316FIDELITY MID CAP INDEX FUND11322394111127TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS38036541129PRUDENTIAL INCOMEFLEX TARGET VANGUARD BALANCED INDEX FUND04273218TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS180133088VANGUARD INTERNATIONAL EXPLORER FUND INVESTOR SHARES05152622674PIMCO REAL RETURN FUND CLASS A0241212434BNY MELLON NATURAL RESOURCES FUND CLASS I04112018659TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS615221026Total Participants374716569567994033,322Average # of Funds Per Participant5.64.94.95.75.64.45.2Plan 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 September 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 Summary6/30/2019 4/1/20194/1/2019-6/30/20197/1/2019-9/30/2019Total Participants*2,7362,783 Active Participants1,8681,864 Terminated Participants802856 Other Participants**6663Average Participant Balance$3,701$3,710 Average Account Balance for Active Participants$3,876$4,014Median Participant Balance$1,778$1,706 Median Participant Balance for Active Participants$1,522$1,557Participants Age 50 and Over1,0021,003 Total Assets for Participants Age 50 and Over$6,357,428 $6,496,124Total Contributions$371,126 $390,349 Employee Contributions$306,797 $322,688 Employer Contributions$64,329$67,661Total Distributions($249,981) ($268,389)Percentage of Assets Distributed2.5%2.6%Market Value Gain / Loss****$310,406$77,461Total Participant Balances$10,124,833 $10,324,253****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 Value6/30/2019 9/30/2019Participation Rate in Stable Value 1.2% 1.3%% of Plan Assets in Stable Value 2.9% 2.9%Prudential % of Plan Assets in Stable Value - As of 12/31/2018 25.8%Participant Activity Call Center4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Total Call Volume140 184Transaction SummaryTransactions4/1/2019 - 6/30/20197/1/2019 - 9/30/2019Total Enrollees*352122Number of Participants w ith Transfers95Distributions102102*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 AgeJuly 1, 2019 to September 30, 2019Less than 25 25-3435-4445-5455-6465+TotalTotal Participant Balances$700,860 $1,404,539 $1,090,184 $1,301,011 $2,427,704 $3,399,956 $10,324,253% Assets6.8%13.6%10.6%12.6%23.5%32.9%100.0%Average Contribution Rate (%)0.0%0.0%0.0%0.0%0.0%0.0%0.0%Prudential Avg. Contribution Rate (%) as of 12/31/20184.8%5.8%6.6%7.8%9.5%11.1%7.4% Contributions$118,924 $27,765 $26,024 $39,234 $88,974 $89,429 $390,349 Rollovers In$0$0$0$0$0$0$0Total (Contributions + Rollovers In)$118,924 $27,765 $26,024 $39,234 $88,974 $89,429 $390,349 Cash Distributions($27,761) ($15,000) ($20,160) ($12,490) ($32,470) ($44,085) ($151,967) Rollovers Out($10,886) ($22,960) ($2,547) ($23,614) ($29,426) ($26,988) ($116,422)Total (Cash Distributions + Rollovers Out)($38,648) ($37,960) ($22,707) ($36,104) ($61,896) ($71,074) ($268,389)Net Activity$80,276 ($10,195) $3,317$3,129 $27,077 $18,355 $121,960Total Participants8865212462664334312,783Average Account Balance$791$2,696$4,432$4,891$5,607$7,889$3,710Prudential Avg. Account Balance as of 12/31/2018$2,900 $13,375 $39,050 $76,411 $106,786 $113,266$64,203Median Account Balance$429$2,118$2,692$2,169$3,481$5,790$1,706Prudential Median Account Balance as of 12/31/2018$3,965 $10,522 $26,803 $47,337 $71,696 $108,734$64,76168 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 Completions19Unique Completions18Average Balance, RIC Participant$6,143Average Balance, Non-RIC Participant$3,854Total Count of Participants with a RIC Gap47Average RIC Gap $4,752Total Count of Participants with a RIC Surplus35Average RIC Surplus $3,870Average Income Replacement, RIC Participant81%Since Inception for Currently Active Participants as of 9/30/20197/1/2019 - 9/30/201970 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 OPTIONS4/1/2019 - 6/30/2019 % 7/1/2019 - 9/30/2019 %Change%TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$74,41820.1%$122,67231.4%$48,25564.8%TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$57,26515.4%$50,66913.0%($6,597) -11.5%TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$45,06712.1%$41,95210.8%($3,115)-6.9%TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$40,66911.0%$35,0809.0%($5,589) -13.7%TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$28,0847.6%$26,4436.8%($1,640)-5.8%TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$26,6837.2%$25,0056.4%($1,678)-6.3%TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$18,8425.1%$19,5385.0%$6973.7%TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$21,1685.7%$16,8914.3%($4,278) -20.2%TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$17,7874.8%$16,3604.2%($1,427)-8.0%TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$15,6424.2%$13,4643.5%($2,178) -13.9%TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$12,1873.3%$10,8722.8%($1,315) -10.8%TIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$7,7332.1%$6,7731.7%($961) -12.4%GUARANTEED INCOME FUND$5,5801.5%$4,6291.2%($951) -17.0%Total Assets Contributed$371,126100.0%$390,349100.0%$19,2235.2%Contributions by FundOakland County 457(b) PTNE PlanPlan Summary72 INVESTMENT OPTIONSINOUTNETTIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$11,008$0$11,008TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$8,307$0$8,307TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$8,295($584)$7,711GUARANTEED INCOME FUND$7,181$0$7,181TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$3,814$0$3,814TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0($3,154)($3,154)TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$0($3,814)($3,814)TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0($4,026)($4,026)TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0($10,424)($10,424)TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0($16,601)($16,601)TOTAL$38,603($38,603)$07/1/2019 to 9/30/2019For 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 Taken4/1/2019 - 7/1/2019 -4/1/2019 - 7/1/2019 -Distribution Type6/30/2019 9/30/2019 Change% Change 6/30/2019 9/30/2019 Change % ChangeTermination$233,594 $229,606 ($3,988)-2%9185(6)-7%Direct Transfer$12,876 $27,737 $14,861115%56120%Death Distribution$1,499$8,188 $6,688446%121100%Installment Payment$1,500$1,500$00%3300%Required Minimum Distribution$504$1,358$854169%165500%Gross Adjustment$7$0($7)-100%10(1)-100%Grand Total$249,981 $268,389 $18,4087%10210200%# 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$57,875 $58,547 $116,42217926Cash$64,793 $87,174 $151,967453176Grand Total$122,667 $145,722 $268,3896240102Amount of Withdrawals Taken# of Withdrawals7/1/2019 - 9/30/201974 Rollover Distributions 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 SummaryRollover InstitutionRollover Distribution Amount# of Ppts Rollover InstitutionRollover Distribution Amount# of Ppts Rollover InstitutionRollover Distribution Amount# of PptsFidelity $1,625,455 8 Pershing $2,188,875 4 Direct Transfer to 940080 $27,737 6AEIS $382,184 1 Wells Fargo $696,636 1 ETC Custodian $17,352 1FBL Financial $338,203 1 TD Ameritrade $490,702 2 TD Ameritrade $16,840 1Baird $270,382 1 LPL $344,086 2 National Financial Services $8,546 1Vanguard $193,602 3 Sweet Escape Ventures $312,207 1 Merrill Lynch $7,151 1Local Gov't Federal CU $177,972 1 VantagePoint Trnsfr $150,632 3 Wells Fargo $7,045 1Pershing $174,784 2 Thrivent Financial $147,399 1 First Clearing $5,850 1Vibe Credit Union $129,155 2 Flagstar Bank $139,021 1 Edward Jones $5,706 2Mutual of America $117,011 1 State of Michigan 401K Plan $83,411 1 Transamerica $3,522 1Thrift Savings Plan $116,503 1 Edward Jones $76,511 3 Vanguard $3,038 2Genisys Credit Union $49,998 1 Nationwide $40,998 2 JP Morgan $2,482 1Ameriprise $46,000 1 Morgan Stanley $22,024 1 Fidelity $2,303 2Edward Jones $42,846 3 Raymond James $10,942 1 LPL $2,202 1Pacific Life $35,299 1 Fifth Third Bank $8,236 1 Morgan Stanley $1,896 1ADP $30,677 1 Vanguard $7,925 1 Charles Schwab $1,602 1Vantagepoint $18,115 1 Thrift Savings Plan $3,110 1 Genisys Credit Union $1,548 1Merrill Lynch$11,268 1 Ameriprise $2,785 2 Citizens Bank $1,046 1Putnam $9,134 1 NFS $2,557 1 Cimbas Partners Plan $556 1Thrivent Financial $7,736 1 Ascensus Trust $1,491 1 Total $116,422 26Alerus Financial $1,373 1 USAA $1,305 1Raymond James $564 1 Chemical Bank $1,190 1Primerica $355 1 Merrill Lynch$500 1Total $3,778,616 35 Charles Schwab $273 1Total $4,732,816 341/1/2019 - 3/31/2019 4/1/2019 - 6/30/2019 7/1/2019 - 9/30/201975 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). 10/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/20197/1/2019 - 9/30/2019Call CenterUnique Callers 172 144 108 131Total Call Volume 243 200 140 184Call Center Reason Category10/1/2018 - 12/31/20181/1/2019 - 3/31/20194/1/2019 - 6/30/20197/1/2019 - 9/30/2019Account Explanations 57 58 36 38Allocation Changes & Exchange 1 1 0 0Contributions 2 2 0 3Disbursements 139 105 95 114Enrollments 1 0 1 2Forms 1 030Fund Information 2 1 0 0Hardships 0 002IFX 0 000IVR or Web Assistance 18 11 1 1Loans 2 0 0 3Other 0 1 0 9Payment Questions 0 0 0 0Plan Explanations 3 5 1 0Regen Reg Letter 0 0 0 0Status of Research 2 1 0 0Tax Information 0 12 1 0Website Processing 15 3 2 12Total 243 200 140 18476 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 619 351 154 153 169 167 1,613Average # of Funds per Participant 1.3 1.4 1.4 1.4 1.7 1.6 1.4Prudential 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% 0.6% 0.0% 7.0% 3.6% 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 September 30, 2019Oakland County 457(b) PTNE PlanPlan SummaryFund Utilization By Age as of September 30, 2019Asset AllocationAsset ClassYour Plan Assets as of 9/30/2019 Your Plan % as of 9/30/2019Stable Value $301,112 2.9%Allocation $10,023,142 97.1%Total Participant Balances $10,324,253 100.0%78 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 Fundas of September 30, 2019INVESTMENT OPTIONSBalance % Invested in Fund # of PptsPpts Using as Sole InvestmentTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS$1,879,19918.2%26480TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$1,309,79512.7%31556TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$995,7369.6%411198TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$988,5379.6%26097TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$928,5959.0%31056TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$882,4478.5%31068TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$650,2896.3%220107TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$645,9676.3%20088TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$610,1035.9%21292TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$505,8394.9%33799TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$410,8624.0%847582GUARANTEED INCOME FUND$301,1122.9%3513TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$215,7742.1%29977Total$10,324,253100.0%79 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 $2,570 $6,267$0 $169,051 $123,224 $301,112Allocation$700,860 $1,401,969 $1,083,917 $1,301,011 $2,258,653 $3,276,733 $10,023,142Total Assets$700,860 $1,404,539 $1,090,184 $1,301,011 $2,427,704 $3,399,956 $10,324,253% of Assets6.8% 13.6% 10.6% 12.6% 23.5% 32.9% 100.0% Active Participants591226155190353349 1,864 Teriminated Participants28027878677281856 Other Participants **15171398163Total Participants886521246266433431 2,783Avg Account Balance$791 $2,696 $4,432 $4,891 $5,607 $7,889 $3,710Asset Allocation by Age Group as of September 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$3,009$1,266$88$227 $39,872 $1,834,739 $1,879,199TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS$0$329$2,508$20 $585,828 $721,109 $1,309,795TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS$22,889 $759,824 $95,214$2,821 $38,906 $76,082 $995,736TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS$0$357$0 $595,042 $305,831 $87,307 $988,537TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS$0$337$0$0 $653,112 $275,146 $928,595TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS$0$347$0 $258,973 $461,259 $161,868 $882,447TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS$0 $260,669 $272,965 $52,985 $21,497 $42,172 $650,289TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS$0 $11,041 $465,844 $126,874 $27,246 $14,962 $645,967TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS$0$826 $229,384 $243,786 $101,557 $34,551 $610,103TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS$197,499 $256,837 $15,417$5,346$5,386 $25,354 $505,839TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS$371,115 $22,111$0 $14,565$3,006$65 $410,862GUARANTEED INCOME FUND$0$2,570$6,267$0 $169,051 $123,224 $301,112TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS$106,349 $88,026$2,497$371 $15,153$3,377 $215,774Total Assets$700,860 $1,404,539 $1,090,184 $1,301,011 $2,427,704$3,399,956 $10,324,253% of Assets6.8%13.6%10.6%12.6%23.5%32.9% 100.0%Total Participants8865212462664334312,783Avg. Account Balance$791$2,696$4,432$4,891$5,607$7,889$3,710Fund Allocation by Age Group as of September 30, 201982 INVESTMENT OPTIONSLess than 25 25-3435-4445-5455-6465+TotalTIAA-CREF LIFECYCLE INDEX RETIREMENT INCOME FUND INSTITUTIONAL CLASS105115242264TIAA-CREF LIFECYCLE INDEX 2010 FUND INSTITUTIONAL CLASS0111110202315TIAA-CREF LIFECYCLE INDEX 2045 FUND INSTITUTIONAL CLASS34284723711411TIAA-CREF LIFECYCLE INDEX 2025 FUND INSTITUTIONAL CLASS0101041496260TIAA-CREF LIFECYCLE INDEX 2015 FUND INSTITUTIONAL CLASS0100145164310TIAA-CREF LIFECYCLE INDEX 2020 FUND INSTITUTIONAL CLASS0104322541310TIAA-CREF LIFECYCLE INDEX 2040 FUND INSTITUTIONAL CLASS0821081965220TIAA-CREF LIFECYCLE INDEX 2035 FUND INSTITUTIONAL CLASS03978974200TIAA-CREF LIFECYCLE INDEX 2030 FUND INSTITUTIONAL CLASS0249117404212TIAA-CREF LIFECYCLE INDEX 2050 FUND INSTITUTIONAL CLASS14117410165337TIAA-CREF LIFECYCLE INDEX 2060 FUND INSTITUTIONAL CLASS806340241847GUARANTEED INCOME FUND0430111735TIAA-CREF LIFECYCLE INDEX 2055 FUND INSTITUTIONAL CLASS1711211141299Total Participants8865212462664334312,783Average # of Funds Per Participant1.31.41.41.41.71.61.4Plan 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 September 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 Forfeiture AccountOakland 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.Forfeiture Account Activity - QuarterJuly 1, 2019 through September 30, 2019SourceInvestmentBeginning Forfeiture BalanceAdditions ReductionsInvestment ResultsDividends / Capital GainsEnding Forfeiture Balance457B MATCHGuaranteed Income Fund 979.76 0.00 0.00 5.52 0.00 985.28EMPLOYER NONELECTIVE VESTING Guaranteed Income Fund 1,359,028.28 141,207.61 0.00 8,124.01 0.00 1,508,359.90 1,360,008.04 141,207.61 0.00 8,129.53 0.00 1,509,345.18Forfeiture Account 3Q2019 (7/1/19-9/30/19)Forfeiture Account Activity – Current Year-to DateJanuary 1, 2019 through October 31, 2019SourceInvestmentBeginning Forfeiture BalanceAdditions ReductionsInvestment ResultsDividends / Capital GainsEnding Forfeiture Balance457B MATCHGuaranteed Income Fund 968.87 0.14 0.00 18.13 0.00 987.14457B MATCHTiaa-cref Lifecycle Index Retirement Income Fund Institutional Class 0.13 0.00 ( 0.14) 0.01 0.00 0.00EMPLOYER NONELECTIVE VESTING Guaranteed Income Fund 149,703.74 1,376,735.95 ( 1,393,609.72) 21,992.59 0.00 154,822.56EMPLOYER NONELECTIVE VESTING Tiaa-cref Lifecycle Index Retirement Income Fund Institutional Class 963,314.28 0.00 ( 981,179.90) 17,865.62 0.00 0.00 1,113,987.02 1,376,736.09 ( 2,374,789.76) 39,876.35 0.00 155,809.70Forfeiture Account 2019 (YTD: 1/1/19-10/31/19)Forfeiture Account Activity - Year2018SourceInvestmentBeginning Forfeiture BalanceAdditions ReductionsInvestment ResultsDividends / Capital GainsEnding Forfeiture Balance457B MATCHGuaranteed Income Fund 0.00 965.62 0.00 3.25 0.00 968.87457B MATCHT. Rowe Price Stable Value Common Trust Fund (class A) 0.00 0.00 ( 517.71) 512.53 5.18 0.00457B MATCHTiaa-cref Lifecycle Index Retirement Income Fund Institutional Class 0.00 0.00 0.00 0.13 0.00 0.13EMPLOYER NONELECTIVE VESTING Guaranteed Income Fund 0.00 149,744.58 ( 1,183.09) 1,142.25 0.00 149,703.74EMPLOYER NONELECTIVE VESTING Tiaa-cref Lifecycle Index Retirement Income Fund Institutional Class 0.00 0.00 0.00 938,272.14 25,042.14 963,314.28 0.00 150,710.20 ( 1,700.80) 939,930.30 25,047.32 1,113,987.02Forfeiture Account 201886 35Oakland County 401(A) Employees Retirement SystemForfeiture AccountFor 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 12/31/2018.87 Section V: Suspense AccountOakland County 401(A) Employees Retirement SystemFor Plan Sponsor or Consultant Use Only 88 Suspense AccountOakland 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.Suspense Account ActivityJuly 1, 2019 through September 30, 2019SourceInvestmentBeginning Suspense BalanceAdditions ReductionsInvestment ResultsDividends / Capital GainsEnding Suspense BalanceEE MANDATORY PRETAXGuaranteed Income Fund 103.74 0.00 0.00 0.58 0.00 104.32EMPLOYER NONELECTIVE VESTING Guaranteed Income Fund 19,372.56 1,057.93 0.00 111.76 0.00 20,542.25 19,476.30 1,057.93 0.00 112.34 0.00 20,646.5789 38Oakland County 401(A) Employees Retirement SystemSuspense AccountFor 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 12/31/2018.90 Section VI: Service Standards GuaranteesOakland County Retirement PlansFor Plan Sponsor or Consultant Use Only 91 Performance Incentives Plan ID Plan Name 940070 Oakland County 940080 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 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 940090 Oakland County 457(b) Deferred Compensation Plan Oakland County 457(b) PTNE Plan 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% Hours of Operation: On Track Overal l Service Level: 56% Overall Abandonment Rate: 4.3% 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 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%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%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%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%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% Overall Survey Results: 90.26% 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%100% 93 Section VII: Monthly Activity Report – Q3 2019Oakland County Retirement PlansFor Plan Sponsor or Consultant Use Only 94 Monthly Activity ReportOakland County Retirement PlansFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.Consultation OverviewMonthGroup Meetings Group Attendees Individual MeetingsTotal Participants ReachedJuly222170192August22478102September216175191Quarterly Totals662423485Meeting ResultsQuarter 457b Enrollments Increases Beneficiary Goal Maker RolloverJuly10 17 65 52 $266,759August8 6 66 19 $95,658September2 25 77 38 $27,259Quarterly Totals 20 48 208 109 $389,67695 Monthly Activity ReportOakland County Retirement PlansFor Plan Sponsor or Consultant Use Only | Please refer to the end of this section for important notes and disclaimers.County On-site Meetings96 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.