county of cook, il...nationwide financial® nrm-9513il-ck 10 cook county blended fixed option # the...

County of Cook, IL

Deferred Compensation Plan

As of June 30, 2019

Plan Assets

Nationwide Financial® NRM-9513IL-CK 2

Asset Growth*

$0

$200

$400

$600

$800

$1,000

$1,200

$1,400

$1,600

$1,800

2016 2017 2018 1Q19 2Q19

Fixed Variable Total

Mill

ions

of D

olla

rs

*As of June 30, 2019


Assets by Investment Option*


Investment Option Assets % of Total

Asset Allocation

Vanguard LifeStrategy Moderate Growth Fund (Investor Shares) 44,855,082.32$ 2.70%

Vanguard LifeStrategy Growth Fund (Investor Shares) 40,269,512.22$ 2.43%

Vanguard LifeStrategy Conservative Growth Fund (Investor Shares) 14,909,820.50$ 0.90%

T. Rowe Price Retirement 2025 Fund (Investor Class) 6,384,486.88$ 0.38%








T. Rowe Price Retirement 2015 Fund (Investor Class) 685,474.14$ 0.04%


Total 125,967,263.74$ 7.59%

International Stocks

EuroPacific Growth Fund (Class R5) 71,412,191.64$ 4.30%

Capital World Growth & Income Fund (Class R6) 57,819,699.46$ 3.48%

Total 129,231,891.10$ 7.79%





Small-Cap Stocks

William Blair Small Cap Growth Fund (Class I) 28,588,410.74$ 1.72%

Vanguard Small-Cap Index Fund (Institutional Shares) 27,296,034.70$ 1.64%

Neuberger Berman Genesis Fund (Institutional Class) 22,534,748.00$ 1.36%

Victory Sycamore Small Company Opportunity Fund (Class I) 5,039,704.17$ 0.30%

Total 83,458,897.61$ 5.03%

Mid-Cap Stocks

Vanguard Mid-Cap Index Fund (Institutional Shares) 34,502,616.99$ 2.08%

JP Morgan Mid Cap Value Fund (Class L) 29,532,116.78$ 1.78%

Total 64,034,733.77$ 3.86%

Large-Cap Stocks

Fidelity Contrafund (Class K6) 238,902,622.77$ 14.39%

Vanguard Institutional Index Fund (Institutional Shares) 150,810,371.67$ 9.09%

Growth Fund of America (Class R6) 70,641,700.96$ 4.26%

T. Rowe Price U.S. Equity Research Fund (I Class) 37,378,439.21$ 2.25%

American Century Large Company Value Fund (Class R6) 37,064,585.64$ 2.23%

Invesco Growth and Income Fund (Class Y) 30,840,260.98$ 1.86%

Total 565,637,981.23$ 34.08%





Balanced

T. Rowe Price Retirement Balanced Fund (Investor Class) 1,772,683.13$ 0.11%

Bonds

Dodge & Cox Income Fund 97,265,972.66$ 5.86%

Short-Term Investments

Cook County Blended Fixed Option 554,779,014.30$ 33.43%

Self-Directed Option

Schwab PCRA 4,605,145.01$ 0.28%

Loans

Loan Outstanding Principal 32,921,233.81$ 1.98%

Total: 1,659,674,816.36$ 100.00%


Assets by Investment Category*

Asset Allocation 7.59%

International Stocks 7.79%

Small-Cap Stocks 5.03%

Mid-Cap Stocks 3.86%

Large-Cap Stocks 34.08%

Balanced 0.11%

Bonds 5.86%


33.43%

SDO 0.28%

Loans 1.98%



Assets by Participant Age Group and Asset Class*



Assets by Participant Age Group and Averages*

* As of June 30, 2019** Represents the number of participants with a balance on June 30, 2019.

Age Participants** Assets % of Total Avg Balance

25 & Under 91 $727,406 0.04% $7,993

26 to 35 1,888 $23,797,381 1.43% $12,605

36 to 45 3,915 $132,602,407 7.99% $33,870

46 to 55 5,959 $451,715,933 27.22% $75,804

56 to 65 5,258 $611,363,056 36.84% $116,273

66 & Over 3,139 $439,353,092 26.47% $139,966

N/A 1 $115,542 0.01% $115,542

Total: 20,251 $1,659,674,817 100.00% $81,955

Blended Fixed Breakdown


Cook County Blended Fixed Option

# The Book Value total for the Cook County Blended Fixed does not equal the sum of the Book Values for the underlyingcontracts. This difference is expected and is a factor in the computation of the next quarterly yield for the Cook CountyBlended Fixed Option.

* Reflects market value as of 6/30/2019.

GSA Investment Manager*

Ramirez Asset Management

100%

Product Provider

3rd Quarter

2019 Interest

Yield

06/30/2019 Book

Value

06/30/2019

Market Value

Net Purchase

Allocation

2Q2019

Net Redemption

Allocation

2Q2019

Nationwide GSA 2.97% $153,397,254 $158,038,221 33% 28%

Nationwide Life Insurance Company 3.00% $269,036,765 $269,036,765 34% 48%

MassMutual Life Insurance Company 3.00% $132,390,782 $132,390,782 33% 24%

Cook County Blended Fixed # 2.99% $554,779,014 $559,465,768

Nationwide Life48%

MassMutual Life24%

Nationwide GSA28%


Product 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter

Nationwide Life (Gen. Acct.) 3.05% 3.00% 3.15% 3.15%

MassMutual Life Insurance Company 3.00% 3.00% 3.15% 3.15%

Nationwide Life (GSA) 2.40% 2.53% 2.62% 2.68%

Blended Rate 2.86% 2.89% 3.01% 3.02%


Nationwide Life (Gen. Acct.) 3.15% 3.15% 3.10% 3.05%

MassMutual Life Insurance Company 3.00% 3.00% 3.00% 3.00%

Nationwide Life (GSA) 2.72% 2.81% 2.94% 2.89%

Blended Rate 3.00% 3.02% 3.03% 3.00%


Nationwide Life (Gen. Acct.) 3.00% 3.00% 3.00%

MassMutual Life Insurance Company 3.00% 3.00% 3.00%

Nationwide Life (GSA) 2.93% 2.92% 2.97%

Blended Rate 3.00% 2.98% 2.99%

2019

2018

2017

Cook County Blended Fixed Option3-Year Yield History


Self-Directed Option*

Date Beginning Balance

Transfers TO

Schwab

Transfers

FROM Schwab Ending Balance Participants

2Q18 $4,525,048 $9,753 $0 $4,920,032 68

3Q18 $4,920,032 $52,810 $75,896 $5,145,747 69

4Q18 $5,145,747 $3,200 $325,673 $3,812,984 69

1Q19 $3,812,984 $34,000 $0 $4,799,962 72

2Q19 $4,799,962 $36,218 $87,067 $4,605,145 75


Plan Deferrals


Deferral Growth*

$0

$10

$20

$30

$40

$50

$60

$70

$80

2016 2017 2018 1Q19 2Q19

Fixed Variable Total

Mill

ion

s of

Dolla

rs

*As of June 30, 2019 YTD


Deferrals by Investment Option*


Investment Option Deferrals % of Total

Asset Allocation

Vanguard LifeStrategy Growth Fund (Investor Shares) 1,632,077.65$ 4.62%

Vanguard LifeStrategy Moderate Growth Fund (Investor Shares) 864,242.10$ 2.45%

Vanguard LifeStrategy Conservative Growth Fund (Investor Shares) 382,471.37$ 1.08%











Total 4,564,186.94$ 12.92%

International Stocks

EuroPacific Growth Fund (Class R5) 2,562,822.86$ 7.25%

Capital World Growth & Income Fund (Class R6) 1,860,643.40$ 5.27%

Total 4,423,466.26$ 12.52%





Small-Cap Stocks

William Blair Small Cap Growth Fund (Class I) 999,658.76$ 2.83%

Vanguard Small-Cap Index Fund (Institutional Shares) 706,800.70$ 2.00%

Victory Sycamore Small Company Opportunity Fund (Class I) 383,751.44$ 1.09%

Neuberger Berman Genesis Fund (Institutional Class) 268,026.46$ 0.76%

Total 2,358,237.36$ 6.67%

Mid-Cap Stocks

Vanguard Mid-Cap Index Fund (Institutional Shares) 883,546.12$ 2.50%

JP Morgan Mid Cap Value Fund (Class L) 643,459.02$ 1.82%

Total 1,527,005.14$ 4.32%

Large-Cap Stocks

Vanguard Institutional Index Fund (Institutional Shares) 2,629,767.94$ 7.44%

Fidelity Contrafund (Class K6) 2,456,994.55$ 6.95%

The Growth Fund of America (Class R6) 1,421,002.94$ 4.02%

American Century Large Company Value Fund (Class R6) 1,148,294.12$ 3.25%

T. Rowe Price U.S. Equity Research Fund (I Class) 1,137,239.79$ 3.22%

Invesco Growth and Income Fund (Class Y) 844,417.05$ 2.39%

Total 9,637,716.39$ 27.27%





Balanced

T. Rowe Price Retirement Balanced Fund (Investor Class) 65,379.06$ 0.19%

Bonds

Dodge & Cox Income Fund 2,578,522.02$ 7.30%


Cook County Blended Fixed Option 10,184,091.58$ 28.82%

Total: 35,338,604.75$ 100.00%


Deferrals by Investment Category*

Asset Allocation 12.92%

International Stocks 12.52%

Small-Cap Stocks 6.67%

Mid-Cap Stocks 4.32%

Large-Cap Stocks 27.27%

Balanced 0.19%

Bonds 7.30%


28.82%



Deferrals by Participant Age Group and Asset Class*Age

Group

Asset

Allocation Int'l Small-Cap Mid-Cap Large-Cap Balanced Bonds

Short-Term

Investments Total

25 & Under $8,802 $19,311 $6,638 $2,299 $27,754 $620 $3,076 $4,814 $73,314

26 to 35 $587,286 $463,054 $189,887 $83,619 $747,781 $17,281 $80,170 $494,854 $2,663,932

36 to 45 $1,225,741 $1,101,357 $540,710 $346,065 $2,014,149 $4,440 $292,698 $1,354,079 $6,879,239

46 to 55 $1,482,916 $1,681,625 $955,312 $631,466 $3,961,957 $33,097 $902,991 $3,248,624 $12,897,988

56 to 65 $1,061,204 $1,026,170 $582,878 $369,415 $2,431,613 $6,891 $1,057,166 $3,973,922 $10,509,259

66 & Over $198,237 $131,949 $82,813 $94,142 $454,462 $3,050 $242,420 $1,107,799 $2,314,872

Total $5,983,999 $6,511,810 $2,970,764 $2,429,272 $14,068,824 $86,410 $3,533,395 $15,314,931 $35,338,605

Percentage of Deferrals by Asset Class within Age Group

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

25 & Under 26 to 35 36 to 45 46 to 55 56 to 65 66 & Over

Asset Allocation International Small-Cap Mid-Cap Large-Cap Bonds Short-Term Investments



Deferrals by Participant Age and Averages*

* As of June 30, 2019 YTD** Represents the number of participants who have deferred between January 1 and June 30, 2019.

Age Participants** Deferrals % of Total Avg Def (YTD)

25 & Under 72 $73,314 0.21% $1,018

26 to 35 1,546 $2,663,932 7.54% $1,723

36 to 45 3,222 $6,879,239 19.47% $2,135

46 to 55 4,730 $12,897,988 36.50% $2,727

56 to 65 2,973 $10,509,259 29.74% $3,535

66 & Over 546 $2,314,872 6.55% $4,240

Total: 13,089 $35,338,605 100.00% $2,700

Transfers/Rollovers In by Age Group*

Total Dollar Amounts

Age Group 2Q18 3Q18 4Q18 1Q19 2Q19

25 & Under 0 0 1 0 4

26-35 10 14 11 11 10

36-45 14 10 3 7 10

46-55 15 13 13 18 11

56-65 26 21 22 41 27

66 & Older 12 8 5 11 7

Total 77 66 55 88 69

Number of Participants

21Nationwide Financial® NRM-9513IL-CK

0

10

20

30

40

50

2Q18 3Q18 4Q18 1Q19 2Q19

Age Group 2Q18 3Q18 4Q18 1Q19 2Q19

25 & Under $0 $0 $134 $0 $2,133

26-35 $68,277 $237,886 $88,246 $78,428 $84,043

36-45 $418,013 $502,925 $42,089 $207,818 $203,936

46-55 $256,590 $272,184 $633,715 $369,794 $597,914

56-65 $421,710 $571,421 $801,608 $1,163,667 $666,169

66 & Older $392,411 $131,047 $170,232 $402,080 $161,596

Total $1,557,000 $1,715,463 $1,736,025 $2,221,788 $1,715,791

$0

$300,000

$600,000

$900,000

$1,200,000

$1,500,000

2Q18 3Q18 4Q18 1Q19 2Q19


Distributions

$20.506$21.621

$20.188 $20.889 $20.437

0

5

10

15

20

25

30

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19

Total Distributed $20,506,059 $21,621,321 $20,187,830 $20,889,051 $20,436,928

Total Withdrawals 2,320 2,285 2,879 2,306 2,312

Total Participants 1,314 1,358 1,902 1,324 1,299

Withdrawals*

Mill

ion

s o

f D

olla

rs



$6,889,321

$7,302,593

$6,341,419$6,768,846

$7,394,993

$0

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19


Partial/Lump Sum Distribution Activity*


532

672 702622 632

0

200

400

600

800

1,000

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19

Total Withdrawals 532 672 702 622 632

Total Participants 433 565 566 541 522

Total Withdrawals



$432,163

$515,649

$296,118 $315,921$350,461

$0

$100,000

$200,000

$300,000

$400,000

$500,000

$600,000

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19

Total Distributed $432,163 $515,649 $296,118 $315,921 $350,461

Unforeseeable Emergency Distribution Activity*


117 117

86 90 91

0

50

100

150

200

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19



Total Withdrawals



$2.273$2.236

$6.703

$2.522 $2.431

0

2

4

6

8

2Q18 3Q18 4Q18 1Q19 2Q19

Systematic Withdrawal Activity*


1,524 1,467

2,166

1,546 1,549

0

500

1,000

1,500

2,000

2,500

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19

Total Withdrawals 1,524 1,467 2,166 1,546 1,549

Total Participants 643 649 1,280 658 653

Total Withdrawals

Mill

ions o

f D

olla

rs


2Q18 3Q18 4Q18 1Q19 2Q19



$9.101

$10.161

$7.286

$10.907$9.847

0

2

4

6

8

10

12

2Q18 3Q18 4Q18 1Q19 2Q19

Mill

ions o

f D

olla

rs

2Q18 3Q18 4Q18 1Q19 2Q19


Transfers/Rollovers Out Activity*


67

71 7378 83

0

20

40

60

80

100

2Q18 3Q18 4Q18 1Q19 2Q19

2Q18 3Q18 4Q18 1Q19 2Q19



Total Withdrawals




Receiving Institution

2Q19

Number 2Q19 Amount

AMERICAN EQUITY INVESTMENT LIFE INS CO 3 $100,000.00

AMERICAN FUNDS 1 $561,381.16

AMERIPRISE FINANCIAL SERVICES INC 1 $20,000.00

AXA EQUITABLE 2 $418,354.05

CHARLES SCHWAB & CO INC 5 $442,986.17

EDWARD JONES 1 $74,927.63

EQUITRUST LIFE INSURANCE COMPANY 1 $76,716.67

ESCHEATMENT 3 $18,329.34

FIDELITY MANAGEMENT TRUST COMPANY 10 $1,356,822.90

FIFTH THIRD SECURITIES 1 $477,293.05

GREAT AMERICAN LIFE INSURANCE CO 1 $83,392.57

GUGGENHEIM LIFE & ANNIUTY CO 1 $1,298.33

JP MORGAN SECURITIES LLC 3 $619,336.64

LINCOLN NATIONAL LIFE INS COMP 1 $33,461.42

LPL FINANCIAL LLC 1 $51,619.13

MERRILL EDGE 1 $43,555.00

MERRILL LYNCH PIERCE FENNER & SMITH INC 5 $411,133.76

MORGAN STANLEY 3 $376,521.92

NATIONAL FINANCIAL SERVICES 6 $684,955.05

NFS LLC 3 $577,976.49

NYLIAC 2 $346,869.71

PERSHING LLC 1 $21,274.78

PFS INVESTMENTS INC 1 $192,585.79

PRIMERICA SHAREHOLDER SERVICES 1 $9,627.69

PROFESSIONAL LIFE & CASUALTY CO 1 $133,568.11

PRUCO SECURITIES-COMMAND SERVICE CENTER 1 $180,230.98

PRUDENTIAL RETIREMENT 1 $174,808.84

RAYMOND JAMES & ASSOC INC 2 $402,494.65

RBC CAPITAL MARKETS LLC 1 $123,082.76

ROBERT W BAIRD & CO INC 1 $2,737.44

STATE FARM LIFE INS CO 2 $87,459.38

STRATA TRUST COMPANY 1 $225,000.00

T ROWE PRICE TRUST COMPANY 2 $53,105.81

TD AMERITRADE 2 $78,809.33

THRIFT SAVINGS PLAN 1 $30,005.09

TIAA 2 $40,991.80

TRANSAMERICA RETIREMENT SOLUTIONS 1 $58,636.24

UBS FINANCIAL SERVICES INC 1 $61,592.08

US BANCORP INVESTMENTS INC 1 $157,391.86

VANGUARD FIDUCIARY TRUST COMPANY 4 $1,022,123.31

VOYA INSTITUTIONAL TRUST COMPANY 1 $4,165.85

WADDELL & REED 1 $10,336.96

Grand Total 84 $9,846,959.74

Transfers/Rollovers Out Activity*



Loans*Month Loan Initiated Loan Amount Avg Loan Amount Principal Paid Principal Remaining

July 239 $1,505,852 $6,301 $974,221 $31,522,582

August 243 $1,729,699 $7,118 $880,990 $32,010,062

September 191 $1,392,912 $7,293 $785,018 $32,270,879

3Q2018 Total 673 $4,628,463 $6,877 $2,640,229 $32,270,879

3Q2017 Total 864 $6,132,145 $7,097 $1,673,541 $27,513,214

October 208 $1,320,967 $6,351 $951,249 $32,293,632

November 183 $1,372,669 $7,501 $811,481 $32,543,457

December 173 $1,263,275 $7,302 $847,105 $32,792,516

4Q2018 Total 564 $3,956,911 $7,016 $2,609,835 $32,792,516

4Q2017 Total 755 $5,013,228 $6,640 $1,980,787 $29,322,633

2018 Total 2,422 $17,654,528 $7,289 $9,872,996 $32,792,516

2017 Total 2,976 $22,788,375 $7,567 $6,200,772 $29,322,633

January 162 $1,164,757 $7,190 $923,476 $32,669,398

February 142 $1,021,092 $7,191 $891,185 $32,501,831

March 173 $1,352,219 $7,816 $942,391 $32,493,613

1Q2019 Total 477 $3,538,068 $7,417 $2,757,052 $32,493,613

1Q2018 Total 564 $4,705,826 $8,344 $2,173,776 $30,489,921

April 179 $1,166,830 $6,519 $1,084,760 $32,252,097

May 213 $1,344,587 $6,313 $1,021,193 $32,309,434

June 235 $1,720,272 $7,320 $941,431 $32,921,234

2Q2019 Total 627 $4,231,689 $6,749 $3,047,384 $32,921,234

2Q2018 Total 621 $4,363,328 $7,026 $2,449,156 $31,366,830



Loans*Month Amount <$5,000 Amount >= $5,000 General Purpose Primary Residence Loans Paid in Full Loans Defaulted

Default Principal

Amount

July 138 101 236 3 58 54 $345,629

August 132 111 241 2 55 80 $369,308

September 104 87 190 1 62 49 $319,455

3Q2018 Total 374 299 667 6 175 183 $1,034,392

3Q2017 Total 493 371 858 6 67 159 $711,921

October 120 88 208 0 73 53 $333,525

November 101 82 182 1 47 62 $308,102

December 104 69 170 3 55 50 $171,936

4Q2018 Total 325 239 560 4 175 165 $813,563

4Q2017 Total 438 317 750 5 79 201 $1,185,070

2018 Total 1,338 1,084 2,400 22 580 702 $4,020,202

2017 Total 1,638 1,338 2,951 25 206 570 $3,239,580

January 86 76 158 4 54 46 $242,577

February 76 66 141 1 50 44 $311,872

March 83 90 173 0 78 52 $322,503

1Q2019 Total 245 232 472 5 182 142 $876,952

1Q2018 Total 289 275 559 5 106 198 $1,205,794

April 109 70 178 1 65 39 $265,409

May 120 93 210 3 80 47 $221,170

June 128 107 234 1 71 31 $144,046

2Q2019 Total 357 270 622 5 216 117 $630,625

2Q2018 Total 350 271 614 7 124 156 $966,453


Participation


Participant Growth Information*

19

,81

2

20

,02

8

20

,11

9

20

,17

5

20

,25

1

13

,06

8

13

,57

8

13

,86

4

12

,83

8

13

,08

9

0

4,000

8,000

12,000

16,000

20,000

24,000

2Q18 3Q18 4Q18 1Q19 2Q19

Total Active** Actively Contributing

**Total Active is defined as the total of the following account statuses: Unrestricted + Administrative Hold + Awaiting 1st Deferral + Statement Maintenance + Systematic Withdrawal.Actively Contributing represents the number of participants who deferred during the year.


Service Statistics


Service Statistics

Contact 2018 2Q2019 YTDWork-place visits 553 288

New enrollments 905 473

Contribution elections 5,356 2,601

Calls to Retirement Resource Group 1,546 738

Walk-in visits to local office 879 298

Voice response unit calls 7,124 3,936

Web-site hits (www.CookCountyDC.com) 544,309 312,058

My Investment Planner Advice* 337 145


ProAccount Managed Account Activity


ProAccount Managed Account Activity*

$232,476,948

$244,293,118

$229,287,511

$258,828,961

$273,124,788

$0

$50,000,000

$100,000,000

$150,000,000

$200,000,000

$250,000,000

$300,000,000

2Q18 3Q18 4Q18 1Q19 2Q19

Assets Under Management



Number of Participants

Average Assets per Participant

ProAccount Managed Account Activity*

$51,962 $52,958 $48,271 $53,643 $55,199

$0

$20,000

$40,000

$60,000

$80,000

2Q18 3Q18 4Q18 1Q19 2Q19


4,474 4,613 4,750 4,825 4,948

0

2,000

4,000

6,000

8,000

2Q18 3Q18 4Q18 1Q19 2Q19

Reserve Account Activity


2nd Quarter 2019 Revenue Calculation*

Note: Monthly fund values are rounded; monthly totals are based on actual fund amount.

Investment OptionGross Expense

Ratio

Annual Fund

Reimbursement

Rate

01/31/2019

Account

Value

02/28/2019

Account

Value

03/31/2019

Account

Value

1Q2019 Fund

Reimbursement

Revenue

NRS

Compensation

(0.0750%)

Plan

Compensation

(0.0075%)

American Century Large Company Value Fund - Class R6 0.49% 0.00% 32,895,665 34,159,828 34,528,056 - (6,260) (617)

American Funds Capital World Growth & Income - Class R6 0.44% 0.00% 52,816,165 54,368,450 55,055,195 - (10,003) (993)

Cook County Blended Fixed Option N/A 0.00% 548,650,603 550,676,962 553,802,558 - (102,297) (10,222)

Dodge & Cox Income Fund 0.43% 0.08% 90,532,563 91,240,907 94,112,660 18,145 (17,008) (1,693)

EuroPacific Growth Fund(R) - Class R5 0.53% 0.05% 65,807,950 67,710,170 67,138,628 8,243 (12,378) (1,233)

Fidelity Contrafund K6 0.45% 0.00% 225,983,141 228,667,333 229,938,436 - (42,246) (4,216)

Invesco Growth and Income Fund - Class Y 0.55% 0.25% 28,042,105 28,942,387 29,187,144 17,702 (5,309) (521)

JPMorgan Mid Cap Value Fund - Class L 0.87% 0.10% 28,920,617 29,776,693 29,480,274 7,244 (5,449) (544)

Loan N/A 0.00% 32,669,303 32,501,736 32,493,518 - - -

Neuberger Berman Genesis Fund - Institutional Class 0.85% 0.10% 9,033,921 9,438,259 9,384,210 2,288 (1,723) (172)

Schwab Personal Choice Retirement Account N/A 0.00% 8,946,198 4,718,055 4,799,962 - - -

T. Rowe Price Capital Opportunity Fund - I Class 0.56% 0.00% 29,655,378 30,590,376 34,396,190 - (5,841) (576)

T. Rowe Price Retirement Balanced Fund 0.52% 0.15% 1,604,672 1,639,947 1,639,357 602 (301) (30)

T. Rowe Price Retirement Funds, Inc. - T. Rowe Price Retirement 2010 Fund 0.54% 0.15% 149,511 153,593 158,993 57 (28) (3)


T. Rowe Price Retirement Funds, Inc. - T. Rowe Price Retirement 2020 Fund 0.61% 0.15% 3,562,587 3,742,040 3,810,343 1,370 (685) (68)



T. Rowe Price Retirement Funds, Inc. - T. Rowe Price Retirement 2035 Fund 0.70% 0.15% 2,436,517 2,527,314 2,582,618 930 (465) (46)





The Growth Fund of America(R) - Class R6 0.33% 0.00% 67,330,586 68,812,187 68,718,955 - (12,632) (1,254)

Vanguard(R) Institutional Index Fund - Institutional Shares 0.035% 0.00% 138,870,874 142,391,915 145,624,363 - (26,466) (2,636)

Vanguard(R) LifeStrategy(R) Conservative Growth Fund 0.12% 0.00% 12,815,497 14,174,655 14,652,663 - (2,565) (256)

Vanguard(R) LifeStrategy(R) Growth Fund 0.14% 0.00% 37,698,445 38,673,615 39,145,311 - (7,126) (712)

Vanguard(R) LifeStrategy(R) Moderate Growth Fund 0.13% 0.00% 42,818,393 43,469,480 43,769,412 - (8,015) (801)

Vanguard(R) Mid-Cap Index Fund - Institutional Shares 0.04% 0.00% 31,014,864 32,335,378 32,701,212 - (5,925) (591)

Vanguard(R) Small-Cap Index Fund - Institutional Shares 0.04% 0.00% 25,137,583 26,484,764 25,984,719 - (4,794) (478)

Victory Sycamore Small Company Opportunity Fund - Class I 0.88% 0.10% 10,219,451 10,731,996 10,355,080 2,571 (1,930) (184)

William Blair Small Cap Growth Fund - Class I 1.25% 0.15% 32,625,125 35,037,538 33,947,308 12,513 (6,280) (618)

Total 1,576,339,230 1,599,671,174 1,614,663,867 77,845 (288,813) (28,773)



Activity Date Amount

Beginning Balance 4/1/2019 $952,281

1Q19 Reserve Account Deposit 4/2/2019 $28,773Callan LLC Deferred Compensation Consulting Retainer 5/22/2019 -$30,000

NAGDCA Registration - Lawrence Wilson 5/22/2019 -$600

NAGDCA Registration - Deanna Zalas 6/3/2019 -$600

Investment Performance (Vanguard Treasury Money Market Fund) 6/30/2019 $5,653

Ending Balance 6/30/2019 $955,507

2nd Quarter 2019 Reserve Account Activity*


Performance Guarantees


Performance Guarantees*Service Standard $ at Risk Current Status - YTD as of 6/30/2019

Voice Response

System/Participant and Plan

Sponsor Website Availability

The Voice Response System/Participant and Plan Sponsor websites will

be available 24 hours/day, 7-days per week 99% of the time.$5,000 annually

Voice Response System and Website

availability was 100.00% for 2Q2019 and

100.00% YTD2019.

For the Live Operator Call Center, 70% of calls will be answered within 30

seconds for a live operator, and an abandonment rate of less than 4%.$2,500 per calendar year

86.00% of calls were answered within 30

seconds during 2Q2019. 81.13% of calls

were answered within 30 seconds YTD2019.

For the Voice Response System during hours outside of the Live Operator

Call Center hours, 70% of calls will be immediately transferred to a menu

after the ring, and an abandonment rate of less than 4%.

$2,500 per calendar year

0.94% of calls were abandoned during

2Q2019. 1.22% of calls were abandoned

YTD2019.

99% in compliance with the Standard below.

Dependency: Receipt of all necessary information (example, message

approval) from the PlanSponsor prior to the end of the quarter for which the

statement period is applicable. 100% accuracy rate on statements mailed.

Standard: Mailed within 30 business days of the close of the quarter.

99% in compliance with the Standard below.

Standard: Mailed within 2-3 business days of the transaction request.

Exchanges, allocation changes, and deferral changes.

The Voice Response System availability

was 100.00% for 2Q2019.

Participant Services Phone

Availability and Response

Time

No more than 4 hours per month

Participant Transaction

Confrimation Statements

$25 for each confirmation statement

delayed

All confirmations mailed within 3 business

days of transaction

Quarterly Participant

Statement Delivery

$5,000 per calendar quarter plus

$1,000 for each additional day that

statements are delayed

Quality Standard for Voice

Response System monthly

down time

$2,500 per calendar year

2Q: Mailed 7/15/19


Performance Guarantees (continued)*Service Standard $ at Risk Current Status - YTD as of 6/30/2019

Mailed within three business days.All confirmations mailed within 3 business

days of transaction for 2Q2019.

Processed same day if initiated prior to the close of the New York Stock

Exchange.

100% of exchanges were processed the

same day for 2Q2019.

Written verifications mailed within three business days.

Processed upon receipt of the request if initiated by 4pm ET; processed

the next business day if received after 4pm ET.

99% of withdrawals processed within 1 business day of the receipt of the

request provided the request is received in good order by 4pm ET;

processed the next business day if received after 4pm ET.

Distribution checks mailed within 3-5 business days of processing.

100% processed in compliance with the standard below.

Nationwide will correct as of the

original effective date, at its

expense, any errors it commits in

processing contributions sent by the

Plan Sponsor.

Standard: Contributions (with complete and accurate Payroll data)

received by close of business on the NYSE (4pm ET) will be processed

that business day; processed the next business day if received after 4pm

ET.

$2,500 for each payroll submission

that is not posted in accordance with

the Standard.

Rollovers Out99% processed within 3-5 business days provided the approved request is

received in good order by 4pm ET.$1,500 per calendar quarter

All good order Rollover Out requests

processed within 5 business days of receipt

Fund Balance Transfers$25 for each participant confirmation

statement

Contributions processed and

posted to Investments

All contributions processed in accordance

with the Standard

Termination/In service

Withdrawals/Distributions

$1,500 per month plus $50 per day

for each check outstanding.

99.9% of withdrawals processed within 1

business day of receipt in good order.

Investment

Transaction/Election

Requests; and Exchanges

Executed

$25 for each participant confirmation

statement

All confirmations mailed within 3 business

days of transaction for 2Q2019.



DRO processing

If the Plan recognizes DROs, confirm paperwork is complete and confirm

required signatures according to procedures of Plan Sponsor and process

segregation within 5-7 business days of receipt of completed paperwork.

$100 per day for each day delayedAll DROs have been processed in

accordance with the Standard

Plan Sponsor reportsReporting for the preceding quarter is available on 30 business days after

quarter end.$2,500 per calendar quarter

All reports available by 30th business day

after quarter end

Nationwide will meet annually with the Plan Sponsor to discuss and

mutually agree in writing upon the number of Participant group meetings

that will be provided in 2012 and in each year thereafter.

Nationwide will document the number of group meetings to be held and will

include the number of group meetings held, their locations and topics

covered as part of the Plan Performance Review.

Nationwide will meet annually with the Plan Sponsor to discuss and

mutually agree in writing upon the number of Participant individual

meetings that will be provided in 2012 and in each year thereafter.

Nationwide will document the number of individual meetings to be held and

will include the number of individual meetings held, their locations and

topics covered as part of the Plan Performance Review.

$5,000 per occurrenceFund and Plan Performance Reviews will be provided quarterly within thirty

(30) days of quarter close to the Plan Sponsors and its advisors.Plan Performance Reviews

Reporting was posted to the Plan's website

within 30 business days of quarter end. All

applicable data for the Plan's Consultant

was provided within 30 business days of

quarter end.

Participant Individual

Meetings$5,000 annually

2,295 individual meetings were held 2Q2019.

4,512 individual meetings have been held

YTD 2019.

Participant Group Meetings $5,000 annually

42 participant group meetings were held

2Q2019. 70 participant group meetings have

been held YTD 2019.



Participant Satisfaction

90% rating of Satisfied to Highly Satisfied on a 4-point scale, with the

scale as follows:

1 - Unsatisfied

2 - Somewhat Satisfied

3 - Satisfied

4 - Highly Satisfied

$15,000 annually2019 survey will be conducted later in the

year.

Implementation of all new

fund changesService provider will have all new funds up by; To be determined $5,000 per event No fund line up changes during 2Q2019.

Written replies to inquiriesAcknowledgement issued in writing or via e-mail within 5 business days

from the receipt of a mailed written or e-mailed inquiry.$150 per transaction

All acknowledgements issued within 5

business days of receipt of inquiry.

Quality standard for amount

of time to handle issue

resolution

90% resolved within 10 business days. $150 per transaction100% of formal complaints were resolved

within 10 business days.

Beneficiary Services $10 per transactionAll confirmations sent within 5 business

days of inquiry or transaction

Confirm designated beneficiaries within five business days of receipt of

inquiry or transaction.

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