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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