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Youu have the right to direct the investment of retirement plan contributions among the investment options
offered under the retirement plan. Properly investing retirement contributions is important for planning your
future retirement income. You should consider your investment direction decision carefully. This notice
provides information regarding where contributions submitted to the retirement plan for your benefit will be
directed in the absence of your investment election. You may direct the investment of the retirement funds
by visiting
visiting www.principal.com.
Automatic Enrollment
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This retirement plan includes an automatic contribution arrangement that applies to new participants or
re-hired participants
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as they enter the plan. If you are a new participant, you will be automatically enrolled in
the retirement plan, meaning
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$50.00 of your pay will be deducted from paychecks and contributed to the
retirement plan on your behalf unless you elect a
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different salary deferral percentage. If you are currently
eligible for the plan, you will maintain your current salary deferral
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amount unless you elect a different salary
deferral percentage.
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If you do not wish to be automatically enrolled, you may elect not to defer or to defer
another percentage. If you affirmatively
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elect to make salary deferral contributions, or if you are automatically
enrolled, and you do not provide an investment
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direction as to how contributions made on your behalf should
be directed, then the contributions will be directed to the plan's
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investment option default discussed below.
Investment Option Default
If you have not provided complete, up-to-date direction as to how the account set up for you under the
retirement plan is to
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be invested, the account will be invested under automatic rules. You need to understand
these rules and make sure that you
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are comfortable with them or that you take action to direct the investment
of the account according to your preferences.
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These rules state that, if we do not have complete investment
directions from you, the retirement funds in the account and
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new contributions for which we do not have
direction will be directed to the applicable Principal
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Trust SM Target Date Fund
(Principal Management Corporation provides nondiscretionary advisory services to Principal Trust regarding these funds)
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