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Investing with Wespath

Investing with Wespath. Benefits of Investing with Wespath. Sustainable investing Uphold the values of UMC Diversified investment options Reasonable investment expenses No sales charges or commissions LifeStage Investment Management. Investment Categories and Funds.

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Investing with Wespath

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  1. Investing with Wespath

  2. Benefitsof Investing with Wespath • Sustainable investing • Uphold the values of UMC • Diversified investment options • Reasonable investment expenses • No sales charges or commissions • LifeStage Investment Management

  3. Investment Categories and Funds • Inflation Protection Fund • Fixed Income Fund • Extended Term Fixed Income Fund Capital Preservation Funds • Stable Value Fund Income Funds—Bonds

  4. Investment Categories and Funds Balanced Funds—Bonds and Stocks • Multiple Asset Fund (A fund of funds) • 35% U.S. Equity Fund • 30% International Equity Fund • 25% Fixed Income Fund • 10% Inflation Protection Fund Equity Funds—Stocks • U.S. Equity Fund • International Equity Fund

  5. Social Values Choice Suite of Funds For participants with a heightened focus oncompanies’ environmental and social performance Fixed Income Funds—Bonds • U.S. Treasury Inflation Protection Fund • Social Values Choice Bond Fund Equity Funds—Stocks • Social Values Choice Equity Fund

  6. Risk and Return International Equity Fund Social Values Choice Equity Fund U.S. Equity Fund Multiple Asset Fund Extended Term Fixed Income Fund Return* Fixed Income Fund Social Values Choice Bond Fund Inflation Protection Fund U.S. Treasury Inflation Protection Fund Stable Value Fund Risk* * Risk and return are generally correlated

  7. Investment Information at wespath.org • Daily changes • Fund descriptions • Comparative results • Benchmarks • Fees

  8. Quarterly Statements • Available online—benefitsaccess.org • By mail • View current account balances • Verify transaction details

  9. Investing withWespath Choose your own mix of investment funds LifeStage Investment Management Asset allocation consultation through EY

  10. LifeStage Investment Management • Personalized investment management tool for Defined Contribution (DC) accounts • Set your account on auto-pilot • Fund allocations unique to each participant • Variables affecting fund allocations • Participant’s age • Benefit commencement date • Risk tolerance • Social Security benefits • Wespath benefits

  11. LifeStage Investment Management • Creates a diversified investment portfolio customized to each participant • Sets an asset allocation and reviews quarterly • Rebalances your account as needed • Sets a separate asset allocation for MPP accounts • Manages investments throughout active service and in retirement

  12. Investment Profile Default • If you create a Personal Investment Profile, LifeStage will model your target allocation according to your profile. • Otherwise, the default profile is… • Moderate risk tolerance • Benefit commencement at age 65 • Eligible for Social Security benefits

  13. LifeStage Investment Management: Rebalancing 13% 27% • U.S. Equity Fund • Extended Term Fixed Income Fund • International Equity Fund • Fixed Income Fund • Inflation Protection Fund 14% Before the Rebalance 17% 29% 13% • U.S. Equity Fund • Extended Term Fixed Income Fund • International Equity Fund • Fixed Income Fund • Inflation Protection Fund 26% 13% After the Rebalance 14% 34%

  14. Housing Allowance Exclusion

  15. Housing Allowance Exclusion in Retirement Amount to be excluded is the least of: • Amount designated as housing allowance • Generally comes from annual conferenceresolution designating a housing allowance • Amount actually expended for housing • Fair rental value of the housing

  16. Housing Allowance Exclusion • Receives $24,000 in pension (designated) • Spends $20,000 on housing • Fair rental value of housing is $21,000 • Housing allowance exclusion cannot exceed $20,000 • Amount taxable: $4,000 Example: A clergyperson…

  17. Retired Clergy Housing Allowance Exclusion—Examples

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