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[Required to be on the plan sponsor's company stationery, not the financial professional's} Current Date Marsha Mathis Principal Life Insurance Company PO Box 9394 Des Moines, IA 50306-9394 Fax: 866-704-3481 RE: ABC Retirement Thrift Plan: Contract/Plan ID #: 123456 Dear Marsha, The investment committee of ABC, LLC has decided to make the following changes to the investment options currently available to plan participants. We understand plan sponsors of participant directed defined contribution plans subject to ERISA are required to provide at least 30 days but not more than 90 days’ notice to participants when adding or closing an investment option(s) under the plan, including share class/rate level changes. We have requested an effective date at least 60 days in the future to allow all the necessary paperwork to be received by Principal Life Insurance Company. We understand if all the required forms are not accurately completed and returned within 45 days of the change a new effective date will be established in order to allow Principal Life Insurance Company to assist us with meeting the 30-day advance participant change notice requirement under ERISA 404(a). ADD NEW INVESTMENT OPTIONS Please add the following investment options to our retirement plan effective xx/xx/2016: INVESTMENT ADVISOR INVESTMENT OPTION Multiple Sub-Advisors Principal LifeTime 2010 Separate Account-Z RATE LEVEL/ SHARE CLASS Z Multiple Sub-Advisors Principal LifeTime 2015 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2020 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2025 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2030 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2035 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2040 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2045 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2050 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2055 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime 2060 Separate Account-Z Z Multiple Sub-Advisors Principal LifeTime Strategic Income Separate AccountZ Z Principal Global Investors Diversified International Separate Account-Z Z Principal Global Investors International Equity Index Separate Account-Z Z T. Rowe Price Associates, Inc. T. Rowe Price Diversified Small Cap Growth T. Rowe Price/Brown Advisory LargeCap Growth I Separate Account-Z * If applicable TICKER SYMBOL* PRDSX Z CLOSE EXISTING INVESTMENT OPTIONS Please close to new contributions the following investment options effective 09/01/2015: INVESTMENT ADVISOR INVESTMENT OPTION Buffalo Funds Buffalo Small Cap Fund RATE LEVEL/ SHARE CLASS NPF TICKER SYMBOL* BUFSX Multiple Sub-Advisors Principal LifeTime 2010 Inst Fund I-Institutional PTTIX Multiple Sub-Advisors Principal LifeTime 2015 Inst Fund I-Institutional LTINX Multiple Sub-Advisors Principal LifeTime 2020 Inst Fund I-Institutional PLWIX Multiple Sub-Advisors Principal LifeTime 2025 Inst Fund I-Institutional LTSTX Multiple Sub-Advisors Principal LifeTime 2030 Inst Fund I-Institutional PMTIX Multiple Sub-Advisors Principal LifeTime 2035 Inst Fund I-Institutional LTIUX Multiple Sub-Advisors Principal LifeTime 2040 Inst Fund I-Institutional PTDIX Multiple Sub-Advisors Principal LifeTime 2045 Inst Fund I-Institutional LTRIX Multiple Sub-Advisors Principal LifeTime 2050 Inst Fund I-Institutional PPLIX Multiple Sub-Advisors Principal LifeTime 2055 Inst Fund I-Institutional LTFIX Multiple Sub-Advisors Principal LifeTime 2060 Inst Fund I-Institutional PLTZX Multiple Sub-Advisors Principal LifeTime Strategic Income Inst Fund I-Institutional PLSIX Principal Global Investors Diversified International Inst Fund I-Institutional PIIIX T. Rowe Price/Brown Advisory LargeCap Growth I Inst Fund I-Institutional PLGIX The Dreyfus Corporation Dreyfus International Stock Index Fund NPF DIISX * If applicable CHANGE PLAN INVESTMENT DEFAULTS Please change the following investment default options to our retirement plan effective INVESTMENT DEFAULT OPTION 09/01/2015 : CHANGE DEFAULT INVESTMENT TO: Plan Level Default: Principal LifeTime Strategic Income Separate Account-Z Participant Level Default: Age appropriate Principal Lifetime Separate Account- Z Forfeiture Account Default: Principal LifeTime Strategic Income Separate Account-Z CHANGE RATE LEVEL Effective 09/01/2015, please process a rate level conversion for the separate accounts in our line-up as outlined below. INVESTMENT ADVISOR INVESTMENT OPTION CURRENT RATE LEVEL NEW RATE LEVEL Principal Global Investors Bond and Mortgage Separate Account-I2 I2 Z Principal Global Investors LargeCap S&P 500 Index Separate AccountI5 I5 Z Principal Global Investors MidCap S&P 400 Index Separate Account-I5 I5 Z SmallCap S&P 600 Index Separate AccountI5 Principal Global Investors I5 Z CHANGE SHARE CLASS Effective xx/xx/2016, please process a share class conversion for the mutual funds outlined in the chart below. Future investment elections and existing account balances should be mapped from the current share class of the mutual fund to the new share class of the mutual fund. INVESTMENT ADVISOR CURRENT INVESTMENT OPTION Vaughan Nelson Natixis Vaughan Nelson Small Cap Value A Fund NEW CURRENT NEW TICKER SHARE CLASS SHARE CLASS SYMBOL A Y NEJYX MAP INVESTMENT ELECTIONS AND/OR ACCOUNT BALANCES We are aware of the optional fiduciary protection made available by the Pension Protection Act for some investment mapping situations. If we choose to take advantage of this protection, we understand we must meet these requirements: Participant balances are redirected (i.e. mapped) to investment options with similar characteristics (characteristics of risk and rate of return) to those of the existing investment options, AND, I must provide a notice 30 days in advance, but not more than 60 days prior to the effective date, to affected participants including a comparison of the impacted investment options and explaining that unless participants affirmatively elect something else, the account will be directed in the manner described. Effective xx/xx/2016, please map Future investment elections Existing account balances Both future investment elections and existing account balances in the following investment options as indicated below: Investment Option to Map FROM INVESTMEN T ADVISOR INVESTMENT OPTION Buffalo Funds Buffalo Small Cap Fund Multiple SubAdvisors Investment Option to Map TO TICKER INVESTMENT SYMBOL* ADVISOR INVESTMENT OPTION TICKER SYMBOL* BUFSX T. Rowe Price Associates, Inc. T. Rowe Price Diversified Small Cap Growth PRDSX Principal LifeTime 2010 Inst Fund PTTIX Multiple SubAdvisors Principal LifeTime 2010 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2015 Inst Fund LTINX Multiple SubAdvisors Principal LifeTime 2015 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2020 Inst Fund PLWIX Multiple SubAdvisors Principal LifeTime 2020 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2025 Inst Fund LTSTX Multiple SubAdvisors Principal LifeTime 2025 Separate Account-Z Multiple Sub- Principal LifeTime 2030 Inst Fund PMTIX Multiple Sub- Principal LifeTime 2030 Advisors Advisors Separate Account-Z Multiple SubAdvisors Principal LifeTime 2035 Inst Fund LTIUX Multiple SubAdvisors Principal LifeTime 2035 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2040 Inst Fund PTDIX Multiple SubAdvisors Principal LifeTime 2040 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2045 Inst Fund LTRIX Multiple SubAdvisors Principal LifeTime 2045 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2050 Inst Fund PPLIX Multiple SubAdvisors Principal LifeTime 2050 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2055 Inst Fund LTFIX Multiple SubAdvisors Principal LifeTime 2055 Separate Account-Z Multiple SubAdvisors Principal LifeTime 2060 Inst Fund PLTZX Multiple SubAdvisors Principal LifeTime 2060 Separate Account-Z Multiple SubAdvisors Principal LifeTime Strategic Income Inst Fund PLSIX Multiple SubAdvisors Principal LifeTime Strategic Income Separate Account-Z Principal Global Investors Diversified International Inst Fund PIIIX Principal Global Investors Diversified International Separate Account-Z T. Rowe Price/Brown Advisory LargeCap Growth I Inst Fund PLGIX T. Rowe Price/Brown Advisory LargeCap Growth I Separate Account-Z The Dreyfus Corporation Dreyfus International Stock Index Fund DIISX Principal Global Investors International Equity Index Separate Account-Z * If applicable Please make these changes to the investment option line-up and forward any necessary documents to my attention. If you have any questions, please contact me. Sincerely, Authorized Signer cc: John Doe Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group® (The Principal®), Des Moines, IA 50392. t14030701fi
