Planillustrator - AscensusDefault Investment Option: Yes Yes No 6YrGraded Monthly ... [email protected] (248) 734-1500 The preceding summary of plan terms is provided for quick

} Planillustrator

Table of Contents

| Plan Design | Page 2 Section I

| Plan Demographics | Page 4 Section II

| Capital Market Review | Page 32 Section III

| Core Fund Review | Page 37 Section IV

| Glossary | Page 70 Section V

| Disclosures | Page 76 Section VI

ABC Company Plan

PlanillustratorFor the period 01/01/2010 to 12/31/2010

Copyright © 2008, Matrix Settlement & Clearance Services, LLC

Section I | Plan Design

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010

Page 2Copyright © 2008, Matrix Settlement & Clearance Services, LLC Page 2

Section I | Plan Design

ABC Company PlanPlan Name:

Plan Year End:

Eligibility:

Plan Number:

0.0 [0]

209504

12/31

100%Maximum Deferral Percentage:

Open Enrollment:

Employer Vesting:

Loans:

Hardships:

Default Investment Option:

Yes

Yes

No

6YrGraded

Monthly

Ending Balance as of 12/31/2010:

Beginning Balance as of 01/01/2010: $12,951,625.77

$15,822,455.46

Plan Advisor :

Joan Smith

Advisor Company Name

13561 W. Dakota Ave

Floor 2

MAITLAND, FL 32751

[email protected]

(248) 734-1500

The preceding summary of plan terms is provided for quick reference in the context of a periodic review of the investments and certain aspects of the operation of the

named retirement plan. It is not intended to communicate plan provisions to participants or beneficiaries, to amend or modify the plan, or otherwise form a part of the plan. If

the summary conflicts with the terms of the plan, the terms of the plan will be followed.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010


Section II | Plan Demographics

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Cash Flow Summary

Cash Inflow

Contributions $1,183,282.59

Dividends $327,125.96

Loan Repayments $72,797.08

Interest on Loans $9,283.76

Total Cash Inflow $1,592,489.39

Cash Outflow

Loan Withdrawals ($144,144.00)

Withdrawals ($370,264.50)

Fees ($10,838.74)

Total Cash Outflow ($525,247.24)

Net Cash Flow $1,067,242.15

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Net Flow - Contributions by Fund

(sorted alphabetically)

AllianceBern Global Thematic Gr R $24,470 Columbia Acorn International Z $55,595 Columbia Mid Cap Value Z $11,987 Columbia Small Cap Index Z $8,375 First American Mid Cap Index Y $15,737 Gabelli Small Cap Growth I $31,563 GAMCO Global Telecommunications I $6,189 GAMCO Gold I $62,067 GAMCO Growth I $36,018 GAMCO Westwood Balanced I $53,532 GAMCO Westwood Equity I $66,808 Goldman Sachs Mid Cap Value Instl $1,038 Invesco Charter I $24,247 Invesco Diversified Dividend Instl $46,088 Invesco European Growth R $13,124 JHancock Balanced R5 $252,364 Pioneer Bond Y $107,981 Pioneer Select Mid Cap Growth Y $48,839 Pioneer Y $16,235 Putnam High Yield Y $38,023 Putnam International Capital Opp Y $22,248 TAKEOVER CASH FND #1 $0 Templeton Instl Foreign Eq Ser Service $20,137 Thornburg International Value R5 $80,433 Vanguard Prime Money Market Inv $88,773 Victory Fund for Income R $35,418

(sorted by asset value)

0K 40K 80K 120K 160K 200K 240K 280K

JHancock Balanced R5

Pioneer Bond Y

Vanguard Prime Money Market Inv

Thornburg International Value R5

GAMCO Westwood Equity I

GAMCO Gold I

Columbia Acorn International Z

GAMCO Westwood Balanced I

Pioneer Select Mid Cap Growth Y

Invesco Diversified Dividend Instl

Putnam High Yield Y

GAMCO Growth I

Victory Fund for Income R

Gabelli Small Cap Growth I

AllianceBern Global Thematic Gr R

Invesco Charter I

Putnam International Capital Opp Y

Templeton Instl Foreign Eq Ser Srvc

Pioneer Y

First American Mid Cap Index Y

Invesco European Growth R

Columbia Mid Cap Value Z

Columbia Small Cap Index Z

GAMCO Global Telecommunications I

Goldman Sachs Mid Cap Value Instl

TAKEOVER CASH FND #1

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Net Flow - Exchanges by Fund


AllianceBern Global Thematic Gr R $118,010 Columbia Acorn International Z $126,906 Columbia Mid Cap Value Z ($101,111)Columbia Small Cap Index Z $12,617 First American Mid Cap Index Y $44,116 Gabelli Small Cap Growth I ($254,923)GAMCO Global Telecommunications I ($17,955)GAMCO Gold I ($325,244)GAMCO Growth I ($468,664)GAMCO Westwood Balanced I ($214,536)GAMCO Westwood Equity I ($60,877)Goldman Sachs Mid Cap Value Instl $136,946 Invesco Charter I $216,317 Invesco Diversified Dividend Instl $165,835 Invesco European Growth R ($427)JHancock Balanced R5 ($726,483)Pioneer Bond Y $493,248 Pioneer Select Mid Cap Growth Y $25,897 Pioneer Y $192,903 Putnam High Yield Y ($34,794)Putnam International Capital Opp Y $129,549 TAKEOVER CASH FND #1 $0 Templeton Instl Foreign Eq Ser Service ($4,528)Thornburg International Value R5 $471,033 Vanguard Prime Money Market Inv $172,967 Victory Fund for Income R $146,928


-800K -600K -400K -200K 0K 200K 400K 600K

Pioneer Bond Y


Invesco Charter I

Pioneer Y















Putnam High Yield Y





GAMCO Gold I

GAMCO Growth I


ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Contributions by Source

Source Amount

EMPLOYER PROFIT SHARING $431,848.98

EMPLOYER MATCH $291,431.53

EMPLOYEE 401(K) $459,296.92

EMPLOYEE ROLLOVER $705.16

$1,183,282.59 Total

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Withdrawals by Fund


Fund WithdrawalsAllianceBern Global Thematic Gr R $0 Columbia Acorn International Z $0 Columbia Mid Cap Value Z $0 Columbia Small Cap Index Z $0 First American Mid Cap Index Y $0 Gabelli Small Cap Growth I $25,456 GAMCO Global Telecommunications I $0 GAMCO Gold I $20,828 GAMCO Growth I $73,628 GAMCO Westwood Balanced I $28,472 GAMCO Westwood Equity I $22,690 Goldman Sachs Mid Cap Value Instl $0 Invesco Charter I $0 Invesco Diversified Dividend Instl $0 Invesco European Growth R $0 JHancock Balanced R5 $71,501 Pioneer Bond Y $88 Pioneer Select Mid Cap Growth Y $3,661 Pioneer Y $785 Putnam High Yield Y $1,198 Putnam International Capital Opp Y $0 TAKEOVER CASH FND #1 $0 Templeton Instl Foreign Eq Ser Srvc $0 Thornburg International Value R5 $360 Vanguard Prime Money Market Inv $118,145 Victory Fund for Income R $33


0K 20K 40K 60K 80K 100K 120K


GAMCO Growth I





GAMCO Gold I


Putnam High Yield Y

Pioneer Y


Pioneer Bond Y









Invesco Charter I






ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Plan Trends

Total Plan Assets

Average Account Balance

$15,822,455.46

$85,066.96

30.87%

29.90%14.49%

13.98%6.77%4.00%0.00%

US Stock 30.87%Balanced 29.90%International Stock 14.49%Taxable Bond 13.98%Cash 6.77%Alternative 4.00%Undefined 0.00%Total: 100.00%

Contributions Total Assets

Total

ParticipantsContribution % Asset %

US Stock

Columbia Mid Cap Value Z 1.03%$11,987.42 $0.00 0.00% 0

Columbia Small Cap Index Z 0.72%$8,375.25 $117,124.17 0.74% 11

First American Mid Cap Index Y 1.35%$15,736.61 $147,864.94 0.93% 20

Gabelli Small Cap Growth I 2.70%$31,562.95 $1,419,264.50 8.97% 74

GAMCO Global Telecommunications I 0.53%$6,188.77 $56,351.86 0.36% 9

GAMCO Growth I 3.09%$36,017.82 $723,153.84 4.57% 53

GAMCO Westwood Equity I 5.72%$66,808.21 $667,896.76 4.22% 60

Goldman Sachs Mid Cap Value Instl 0.09%$1,037.58 $142,000.64 0.90% 43

Invesco Charter I 2.08%$24,246.73 $459,441.55 2.90% 27

Invesco Diversified Dividend Instl 3.95%$46,088.13 $521,314.80 3.29% 61

Pioneer Select Mid Cap Growth Y 4.18%$48,838.57 $343,697.76 2.17% 55

Pioneer Y 1.39%$16,235.39 $285,795.36 1.81% 49

US Stock Totals 26.82%$313,123.43 $4,883,906.18 30.87%

Balanced

GAMCO Westwood Balanced I 4.59%$53,532.35 $1,502,380.93 9.50% 56

JHancock Balanced R5 21.62%$252,364.19 $3,227,888.62 20.40% 92

Balanced Totals 26.21%$305,896.54 $4,730,269.55 29.90%

International Stock

AllianceBern Global Thematic Gr R 2.10%$24,469.73 $308,103.04 1.95% 18

Columbia Acorn International Z 4.76%$55,594.65 $603,833.51 3.82% 43

Invesco European Growth R 1.12%$13,123.62 $126,068.02 0.80% 12

Putnam International Capital Opp Y 1.91%$22,247.75 $243,694.42 1.54% 16

Templeton Instl Foreign Eq Ser Service 1.73%$20,137.38 $34,648.69 0.22% 7

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Plan Trends (cont)

Contributions Total Assets

Total

ParticipantsContribution % Asset %

Thornburg International Value R5 6.89%$80,432.93 $976,640.37 6.17% 81

International Stock Totals 18.50%$216,006.06 $2,292,988.05 14.49%

Taxable Bond

Pioneer Bond Y 9.25%$107,980.64 $1,289,520.77 8.15% 83

Putnam High Yield Y 3.26%$38,023.18 $362,019.70 2.29% 30

Victory Fund for Income R 3.03%$35,418.01 $559,800.75 3.54% 63

Taxable Bond Totals 15.54%$181,421.83 $2,211,341.22 13.98%

Cash

Vanguard Prime Money Market Inv 7.61%$88,772.65 $1,070,398.74 6.77% 30

Cash Totals 7.61%$88,772.65 $1,070,398.74 6.77%

Alternative

GAMCO Gold I 5.32%$62,066.90 $633,517.20 4.00% 60

Alternative Totals 5.32%$62,066.90 $633,517.20 4.00%

Undefined

TAKEOVER CASH FND #1 0.00%$0.00 $34.52 0.00% 3

Undefined Totals 0.00%$0.00 $34.52 0.00%

100.00%$1,167,287.41 $15,822,455.46 100.00%Plan Totals

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Participant Counts and Balances by Status

Participants

Status Participants

Beneficiary w/balance 8

Eligible/Contributing 158

Eligible/Not contributing 27

Hardship suspension 1

Ineligible/Age & Service Rmts 4

Terminated 21

219 Total

Balances

Status Balance

Beneficiary w/balance $29,060.71

Eligible/Contributing $15,142,117.13

Eligible/Not contributing $345,562.94

Hardship suspension $10,889.67

Ineligible/Age & Service Rmts $1.93

Terminated $294,823.08

Total $15,822,455.46

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Asset Allocation by Age Band

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

Under 30

30-39

40-49

50-59

60 &Over

Unknown

US Stock Balanced International Stock Taxable Bond Cash AlternativeUndefined

Plan's Asset Allocation, by Age Band

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Balances by Age Band

(Thousands of Dollars) < $10 $10 - $24.9 $25 - $49.9 $50 - $99.9 $100 - $149.9 $150 - $249.9 > $250

Number of Participants 39 31 30 9 15 17 45

Age Bands

TotalUnder 30 30-39 40-49 50-59 60 & Over Unknown

Participants 18619 40 45 57 23 2

Balance $15,822,455$151,933 $1,607,461 $3,081,168 $6,707,449 $4,259,300 $15,143

Average Balance $85,067$7,997 $40,187 $68,470 $117,675 $185,187 $7,572

Average Balances

$0 $40,000 $80,000 $120,000 $160,000 $200,000

Under 30

30-39

40-49

50-59

60 & Over

Unknown

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Balances by Age Band and Fund

Age Bands

30-39 40-49 50-59 60 & Over UnknownAverage Balance Per Age Band Under 30

AllianceBern Global Thematic Gr R $2,686 $15,299 $9,035 $23,658 $35,620 $0

Columbia Acorn International Z $662 $8,922 $5,964 $12,256 $62,064 $0

Columbia Mid Cap Value Z $0 $0 $0 $0 $0 $0

Columbia Small Cap Index Z $0 $12,663 $396 $9,814 $13,161 $0

First American Mid Cap Index Y $268 $3,929 $6,928 $12,358 $535 $0

Gabelli Small Cap Growth I $1,550 $6,054 $12,289 $35,517 $21,258 $0

GAMCO Global Telecommunications I $1,952 $3,420 $19,311 $9,729 $0 $0

GAMCO Gold I $3,255 $10,107 $12,363 $6,989 $30,150 $0

GAMCO Growth I $1,056 $11,974 $11,595 $17,253 $19,345 $0

GAMCO Westwood Balanced I $841 $5,219 $11,765 $30,453 $68,326 $0

GAMCO Westwood Equity I $2,831 $8,262 $14,497 $12,433 $0 $0

Goldman Sachs Mid Cap Value Instl $1,442 $1,085 $1,955 $8,875 $0 $0

Invesco Charter I $0 $1,465 $6,693 $33,534 $16,372 $0

Invesco Diversified Dividend Instl $2,402 $4,793 $9,265 $11,238 $522 $0

Invesco European Growth R $357 $5,912 $535 $14,387 $26,227 $0

JHancock Balanced R5 $1,274 $14,289 $30,405 $33,343 $116,698 $15,141

Pioneer Bond Y $990 $5,983 $10,112 $34,204 $19,990 $0

Pioneer Select Mid Cap Growth Y $1,674 $6,693 $2,735 $9,176 $15,985 $0

Pioneer Y $856 $2,496 $4,729 $12,742 $527 $0

Putnam High Yield Y $345 $3,439 $11,067 $17,935 $11,708 $0

Putnam International Capital Opp Y $680 $6,455 $7,454 $3,070 $89,901 $0

TAKEOVER CASH FND #1 $3 $0 $6 $26 $0 $0

Templeton Instl Foreign Eq Ser Srvc $0 $2,501 $13,573 $1,250 $0 $0

Thornburg International Value R5 $2,492 $7,906 $10,171 $21,514 $6,270 $0

Vanguard Prime Money Market Inv $244 $2,718 $22,663 $25,947 $72,148 $2

Victory Fund for Income R $287 $2,024 $2,829 $10,356 $40,238 $0

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Balances by Age Band and Fund (cont)

$0 $40,000 $80,000 $120,000 $160,000 $200,000 $240,000








GAMCO Gold I

GAMCO Growth I




Invesco Charter I




Pioneer Bond Y


Pioneer Y

Putnam High Yield Y



Templeton Instl Foreign Eq Ser Service




Under 30 30-39 40-49 50-59 60 & Over Unknown

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Investment Elections by Fund


Fund Percentage**

AllianceBern Global Thematic Gr R 2%Columbia Acorn International Z 5%Columbia Mid Cap Value Z 0%Columbia Small Cap Index Z 1%First American Mid Cap Index Y 2%Gabelli Small Cap Growth I 3%GAMCO Global Telecommunications I 1%GAMCO Gold I 7%GAMCO Growth I 3%GAMCO Westwood Balanced I 3%GAMCO Westwood Equity I 3%Goldman Sachs Mid Cap Value Instl 2%Invesco Charter I 3%Invesco Diversified Dividend Instl 9%Invesco European Growth R 1%JHancock Balanced R5 7%Pioneer Bond Y 12%Pioneer Select Mid Cap Growth Y 4%Pioneer Y 5%Putnam High Yield Y 3%Putnam International Capital Opp Y 2%TAKEOVER CASH FND #1 0%Templeton Instl Foreign Eq Ser Service 1%Thornburg International Value R5 11%Vanguard Prime Money Market Inv 7%Victory Fund for Income R 4%

(**) Percentages reflect investment elections for active

participants only. Total percentages may not equal 100%.

(sorted by value)

0% 2% 4% 6% 8% 10% 12%

Pioneer Bond Y





GAMCO Gold I

Pioneer Y




GAMCO Growth I

Putnam High Yield Y




Invesco Charter I











ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Investment Elections by Age Band and Fund

Age Bands

30-39 40-49 50-59 60 & Over UnknownAverage Balance Per Age Band ** Under 30

AllianceBern Global Thematic Gr R 0.45% 0.90% 0.31% 0.58% 0.24% 0.00%

Columbia Acorn International Z 0.24% 1.25% 0.91% 1.89% 0.68% 0.00%

Columbia Mid Cap Value Z 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Columbia Small Cap Index Z 0.00% 0.55% 0.07% 0.52% 0.08% 0.00%

First American Mid Cap Index Y 0.21% 0.27% 0.48% 0.77% 0.03% 0.00%

Gabelli Small Cap Growth I 0.30% 0.85% 0.43% 0.93% 0.46% 0.00%

GAMCO Global Telecommunications I 0.21% 0.45% 0.10% 0.13% 0.00% 0.00%

GAMCO Gold I 1.08% 1.97% 1.82% 1.03% 0.70% 0.00%

GAMCO Growth I 0.00% 1.99% 0.70% 0.55% 0.00% 0.00%

GAMCO Westwood Balanced I 0.10% 0.50% 0.10% 1.37% 0.66% 0.00%

GAMCO Westwood Equity I 0.18% 0.74% 0.93% 0.79% 0.00% 0.00%

Goldman Sachs Mid Cap Value Instl 0.35% 0.27% 0.91% 0.45% 0.00% 0.00%

Invesco Charter I 0.00% 0.52% 0.71% 0.72% 0.56% 0.00%

Invesco Diversified Dividend Instl 0.44% 1.90% 3.63% 3.15% 0.10% 0.00%

Invesco European Growth R 0.17% 0.48% 0.00% 0.20% 0.08% 0.00%

JHancock Balanced R5 0.22% 0.93% 2.08% 3.05% 1.05% 0.00%

Pioneer Bond Y 0.59% 1.63% 3.96% 3.71% 1.90% 0.00%

Pioneer Select Mid Cap Growth Y 0.80% 1.13% 0.60% 1.19% 0.16% 0.00%

Pioneer Y 0.69% 1.06% 1.72% 1.71% 0.03% 0.00%

Putnam High Yield Y 0.17% 0.29% 1.00% 1.28% 0.41% 0.00%

Putnam International Capital Opp Y 0.24% 0.50% 0.42% 0.42% 0.56% 0.00%

TAKEOVER CASH FND #1 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Templeton Instl Foreign Eq Ser Srvc 0.00% 0.03% 0.38% 0.35% 0.00% 0.00%

Thornburg International Value R5 0.83% 2.73% 4.21% 2.88% 0.41% 0.00%

Vanguard Prime Money Market Inv 0.28% 0.30% 1.42% 2.39% 2.36% 0.00%

Victory Fund for Income R 0.12% 0.47% 0.94% 1.41% 0.71% 0.00%

(**) Percentages reflect investment elections for active participants only. Total percentages may not equal 100%.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Investment Elections by Age Band and Fund (cont)

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%








GAMCO Gold I

GAMCO Growth I




Invesco Charter I




Pioneer Bond Y


Pioneer Y

Putnam High Yield Y







Under 30 30-39 40-49 50-59 60 & Over Unknown

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Participants and Number of Funds Held

Number of Funds Held Participants

1 Fund 9.84%

2 Funds 10.36%

3 Funds 6.74%

4 Funds 11.40%

5 or more Funds 61.66%

Total 100.00%

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Participation Rates by Age Band

Age Bands

TotalNumber of: Under 30 30-39 40-49 50-59 60 & Over Unknown

Eligible Employees 19829 42 47 54 23 3

Participating Employees 15811 36 42 49 20 0

% of Participating Employees 79.80%37.93% 85.71% 89.36% 90.74% 86.96% 0.00%

0 40 80 120 160 200

Under 30

30-39

40-49

50-59

60 &Over

Unknown

Total

Eligible Participating

The national average for participation is

between 75-80%. The chart provides you

with the percentage of participation in

your plan. It also identifies a participation

rate by age groups.

Participation Rates

Source:

Deloitte Consulting, LLP

2008 401(k) Benchmarking Survey

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Deferral Percentage by Age Band

Age Bands

AverageAverage per Age Band Under 30 30-39 40-49 50-59 60 & Over Unknown

1.58%% Deferred 1.18% 1.36% 2.05% 1.71% 0.90% 0.00%

0.0% 0.4% 0.8% 1.2% 1.6% 2.0% 2.4%

Under 30

30-39

40-49

50-59

60 & Over

Unknown

Average

% Deferred

Average Annual Deferral

Elective deferral contributions are a major (and in

many cases, the primary) component of retirement

savings for most participants. The age at which

participants begin to defer also is important. The

chart and graph break down deferral percentages

by age group.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Number of Funds by Age Band

Age Bands

AverageAverage per Age Band Under 30 30-39 40-49 50-59 60 & Over Unknown

4.89 Number of Funds 4.82 4.69 5.43 5.10 3.60 0.00

Average Number of Funds

Average Number of Funds by Age Bands

Diversification (while not a fail safe) limits exposure to

market fluctuations. Understanding and implementing

proper diversification among available investment

options also optimizes the risk/reward balance. The

chart and graph show the average number of funds by

age group. It is an important indicator of whether

participants, as a group, are adequately diversified.

0 1 2 3 4 5 6

Under30

30-39

40-49

50-59

60 &Over

Unknown

Average

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Contribution by Age Band

Age Bands

AverageAverage Per Age Band Under 30 30-39 40-49 50-59 60 & Over Unknown

$7,488.85 Contribution $3,496.72 $5,726.07 $6,866.84 $8,502.56 $11,680.12 $0.00

$0 $2,000 $4,000 $6,000 $8,000 $10,000 $12,000

Under 30

30-39

40-49

50-59

60 & Over

Unknown

Average

Contribution

Average Contribution by Age Bands

Elective deferral contributions are a major (and in

many cases, the primary) component of retirement

savings for most participants. Preparing for

retirement takes years of contributions and those

contributions need to be substantial enough to

accumulate an account balance to provide a secure

retirement. This chart and graph illustrates what the

average contribution is among your participants.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Allocation by Asset Class

Market ValueFundAsset Class Percentage

US Stock

$56,351.86 GAMCO Glbl Telecommunications I 0.36%Communications

$667,896.76 GAMCO Westwood Equity I 4.22%Large Blend

$459,441.55 Invesco Charter I 2.90%

$285,795.36 Pioneer Y 1.81%

$723,153.84 GAMCO Growth I 4.57%Large Growth

$521,314.80 Invesco Diversified Div Instl 3.29%Large Value

$147,864.94 First American Mid Cap Index Y 0.93%Mid-Cap Blend

$343,697.76 Pioneer Select Mid Cap Growth Y 2.17%Mid-Cap Growth

$0.00 Columbia Mid Cap Value Z 0.00%Mid-Cap Value

$142,000.64 Goldman Sachs Mid Cap Val Instl 0.90%

$117,124.17 Columbia Small Cap Index Z 0.74%Small Blend

$1,419,264.50 Gabelli Small Cap Growth I 8.97%

Balanced

$1,502,380.93 GAMCO Westwood Balanced I 9.50%Moderate Allocation

$3,227,888.62 JHancock Balanced R5 20.40%

International Stock

$126,068.02 Invesco European Growth R 0.80%Europe Stock

$976,640.37 Thornburg International Value R5 6.17%Foreign Large Blend

$34,648.69 Templeton Instl Foreign Eq Ser Srvc 0.22%Foreign Large Value

$603,833.51 Columbia Acorn International Z 3.82%Foreign Small/Mid Growth

$243,694.42 Putnam Intl Capital Opp Y 1.54%Foreign Small/Mid Value

$308,103.04 AllianceBern Glbl Thematic Gr R 1.95%World Stock

Taxable Bond

$362,019.70 Putnam High Yield Y 2.29%High Yield Bond

$1,289,520.77 Pioneer Bond Y 8.15%Intermediate-Term Bond

$559,800.75 Victory Fund for Income R 3.54%Short Government

Cash

$1,070,398.74 Vanguard Prime Money Market Inv 6.77%Money Market - Taxable

Alternative

$633,517.20 GAMCO Gold I 4.00%Equity Precious Metals

13.98%6.77%4.00%0.00%

30.87%29.90%

14.49%

US Stock Balanced International StockTaxable Bond Cash AlternativeUndefined

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Allocation by Asset Class (cont)

Market ValueFundAsset Class Percentage

Undefined

$34.52 TAKEOVER CASH FND #1 0.00%Undefined

$15,822,455.46 Plan Total 100.00%

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Diversification by Age Band

Funds Held by Age Band Asset Class Under 30 30-39 40-49 50-59 60 & Over Unknown

US Stock

GAMCO Global Telecommunications I 2 3 1 2 0 0Communications

GAMCO Westwood Equity I 3 7 10 6 0 0Large Blend

Invesco Charter I 0 4 8 8 6 0Large Blend

Pioneer Y 5 11 15 14 1 0Large Blend

GAMCO Growth I 0 8 8 6 0 0Large Growth

Invesco Diversified Dividend Instl 3 11 23 20 2 0Large Value

First American Mid Cap Index Y 2 3 6 7 1 0Mid-Cap Blend

Pioneer Select Mid Cap Growth Y 4 9 6 13 3 0Mid-Cap Growth

Columbia Mid Cap Value Z 0 0 0 0 0 0Mid-Cap Value

Goldman Sachs Mid Cap Value Instl 1 5 9 6 0 0Mid-Cap Value

Columbia Small Cap Index Z 0 3 1 5 3 0Small Blend

Gabelli Small Cap Growth I 4 8 9 14 5 0Small Blend

Balanced

GAMCO Westwood Balanced I 1 5 2 11 6 0Moderate Allocation

JHancock Balanced R5 2 6 7 15 2 0Moderate Allocation

International Stock

Invesco European Growth R 1 5 0 3 2 0Europe Stock

Thornburg International Value R5 5 17 27 24 5 0Foreign Large Blend

Templeton Instl Foreign Eq Ser Service 0 1 2 3 0 0Foreign Large Value

Columbia Acorn International Z 2 9 10 16 4 0Foreign Small/Mid Growth

Putnam International Capital Opp Y 2 5 2 5 2 0Foreign Small/Mid Value

AllianceBern Global Thematic Gr R 2 6 2 6 1 0World Stock

Taxable Bond

Putnam High Yield Y 1 3 11 9 3 0High Yield Bond

Pioneer Bond Y 5 14 31 22 6 0Intermediate-Term Bond

Victory Fund for Income R 3 10 19 19 6 0Short Government

Cash

Vanguard Prime Money Market Inv 1 3 6 6 10 0Money Market - Taxable

Alternative

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Diversification by Age Band (cont)

Asset ClassFunds Held by Age Band Under 30 30-39 40-49 50-59 60 & Over Unknown

GAMCO Gold I 4 13 13 10 4 0Equity Precious Metals

Undefined

TAKEOVER CASH FND #1 0 0 0 0 0 0Undefined

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



New and Outstanding Loans

# Part % Part with

Active Loans Total Loan Amt Avg Loan Amt Avg Bal Remain Bal Remain Avg Length (Years)

Oustanding Loans 23 100.00% $257,744.00 $11,206.26 $8,510.15 $195,733.39 0.20

Active Loans 23 100.00% $257,744.00 $11,206.26 $8,510.15 $195,733.39 0.20

New Loans 0 0.00% $0.00 $0.00 $0.00 $0.00 0.00

Average Loan Balances

0K 2K 4K 6K 8K 10K 12K

Oustanding Loans

New Loans

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Average Loan Balance by Age Band

Age Bands

AverageAverage Per Age Band Under 30 30-39 40-49 50-59 60 & Over Unknown

Account Balance $ 13,812.13 $ 44,651.70 $ 73,361.15 $ 136,886.71 $ 212,965.02 $ 0.00 $ 100,142.12

Loan Balance $ 1,069.03 $ 2,189.31 $ 3,883.34 $ 3,774.75 $ 0.00 $ 0.00 $ 2,965.66

% Loan / Account Balance 7.74% 4.90% 5.29% 2.76% 0.00% 0.00% 2.96%

$0 $40,000 $80,000 $120,000 $160,000 $200,000 $240,000

Under 30

30-39

40-49

50-59

60 & Over

Unknown

Average

Average Acct Balance Average Loan Balance

Loans are a popular feature. The knowledge that

deferrals may be “borrowed back” if needed, may

encourage otherwise hesitant eligible employees to

contribute. There is an opportunity cost associated

with borrowing from retirement savings. The chart

and graph provides information of plan loan

utilization by age group.

Average Loan Balance

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Paticipant Web Site Statistics

The chart below displays the number of logins and web hits (i.e. number of times a page is selected) for the reporting time period.

0

40

80

120

160

200

240

280

Janu

ary 20

10

Febru

ary 20

10

Mar

ch 2

010

April 20

10

May

201

0

June

201

0

July 2

010

Augus

t 201

0

Septe

mbe

r 201

0

Octob

er 2

010

Nov

embe

r 201

0

Dec

embe

r 201

0

Month HitsLogins

January 2010 54 238

February 2010 56 175

March 2010 54 273

April 2010 53 235

May 2010 44 136

June 2010 26 69

July 2010 40 96

August 2010 31 83

September 2010 51 251

October 2010 40 190

November 2010 40 145

December 2010 59 254

Total 2,145 548

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010


Section III | Capital Market Review

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Financial Markets and Economic Analysis, Fourth Quarter 2010

Perspective: Lessons learned in 2010 and their application in 2011

It is a psychologically fascinating characteristic of ours that makes us want to

reflect upon, and subsequently pigeonhole, each calendar year, as if the striking of

midnight on the 31st of December created an impermeable barrier for our financial

and personal lives. The financial crisis of 2008 spilled over into the first part of

2009, and it is highly likely that the current four month equity market rally that was

sparked in September, will spillover well into 2011. But 2010 has come to a close,

and performance must be measured for the year (and the resulting incentive

compensation totted up) and placed in context, and the lessons learned should be

highlighted.

One lesson we have learned repeatedly over the past three years is global

financial crises spark significant interest in U.S. Treasuries as the “safe haven” for

those seeking to hide from any specific market risk. The dollar remains the

primary reserve currency in the world, and this was hugely beneficial to the U .S.

economy during the past few years as the repeated “flight to quality” pushed

Treasury yields to generational lows, which aided cash strapped businesses and

the Government alike, once the markets unfroze. There remains a significant

amount of uncertainty around the stability of several members of the Eurozone,

and another debt crisis similar to those in Greece and Ireland this year could

impact the U.S. once again.

Lesson number two for the year: contrarian positioning can be highly rewarding for

those investors who can stand the volatility. In eight of the first 11 months of 2010,

investors poured more than $20 billion into taxable bond funds and an estimated

$220 billion dollars in total over that same 11 months.[1] Over that same period

investors reduced their holdings of domestic equity funds by $68.6 billion.[2] But,

over the course of the year the Barclays Aggregate was up just 6.5%, about

average for the last 10 years, while the domestic equity market was up 15% to

nearly 30% depending on the market cap, a level reached only three times in the

past decade.

2011 is the opening measure for the song that is the next decade. The first

decade of this century has frequently been referred to as the lost decade within the

investment community, highlighting the limited gains in the face of two bear

markets. Of all of the questions that face investors, and indeed the world, perhaps

the most pressing and defining question to be answered is: Can we learn from our

past mistakes, recognize the warning signs we have seen before and avoid the

pitfalls that inevitably lay before us? How we adapt and forge ahead with that

knowledge may well define our success financially as well as personally.

Domestic Equity Markets Overview [3]

October started the fourth quarter off with a bang following on the heels of the

sharp rally in September. November was mixed as the market ’s momentum in the

large cap space slowed in the aftermath of the elections and some slightly weaker

economic data. The small cap market slowed not at all, churning out a healthy

3.5% return for the Russell 2000 Index. But the candle was really lit in the final

month of the year as optimism around the holiday retail season and marginally

improved economic news sparked a sharp rally. December accounted for more

than half of the quarter’s return for the large cap indexes, slightly less than half for

the mid- and small-cap indexes. Continuing the trend we have seen for most of

the year, the small cap indexes sharply outperformed large caps, and growth

outperformed value from a style standpoint. The Russell 2000 Growth Index was

up 17.1% for the quarter and 29.1% for the year to lead the domestic indexes,

while the “laggard” was the Russell 1000 Value Index up 10.5% in the final quarter

and 15.5% for the year. The dramatic recovery of the mid and small cap indexes

over the past two years has pushed the longer term trailing performance back into

positive territory, though certainly well below the level (particularly on a real return

basis) that would seem reasonable for the level of risk being assumed. The

Russell 2000 Index has a five year trailing performance of 4.5% per year and a

10-year trailing performance of 6.3% per year. Much worse are the numbers for

the large cap indexes as the Russell 1000 is up just 2.6% per year over the last

five years and 1.8% over the last 10.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



One of the major issues that continues to worry the asset managers we ’ve spoken

to this year is the growing gap in valuation levels between the highest quality

companies and the lowest quality companies (typically defined by the S&P ratings),

which continued to widen in the fourth quarter. While it is expected that lower

rated companies carry lower P/E multiples to compensate for the inherent risk,

these multiples have moved out past the historic norms (pushed by the “risk on”

trade for most of the year) while multiples for the highest rated companies continue

to be below their historic averages. This is a condition that was seen in the dot

com era of 1999 and early 2000 as well, and to a lesser degree, during the run up

in 2008. If these lower quality companies are being priced to perfection, 2011

earnings comparisons could pave a rocky road.

Domestic Equity Returns - Major Market Style Indexes (as of 12/31/2010)

-5% 0% 5% 10% 15% 20% 25% 30%

Russell 1000

Russell 1000Growth

Russell 1000Value

Russell 2000

Russell 2000Growth

Russell 2000Value

Russell Midcap

Q4 2010 One - Year Three - Year Five - Year

International Markets Summary [4]

The International indexes were positive during the final quarter of the year, though

the broader indicators underperformed the U.S. market. The Russell Developed

ex-U.S. Index was up 7.4% during the quarter while the Emerging Markets Index

was up 9.8%, both in dollar terms. The fourth quarter performance left most of the

regional indexes slightly behind the domestic indexes for the year as well. Among

the developed countries Canada and Japan were the leaders for the quarter and,

unsurprisingly, Greece and Spain posted substantial losses during the quarter .

Among the emerging markets countries Taiwan, Peru and Mexico had the largest

gains (all more than 16.5% in dollar terms) for the quarter while Hungary and

Columbia finished with significant losses.

Similar to the domestic markets, the international markets were led by the Energy

and Materials sectors, while the more defensive Telecom and Utilities sectors were

the laggards. The currency impact was decidedly mixed in the quarter as the

dollar weakened significantly against most of the Asian currencies, especially in

Taiwan, but strengthened slightly against the Euro and many northern European

currencies. Many of the managers we spoke to during the quarter believe the

emerging markets, the big story of 2010, are priced nearly to perfection. At the

same time, these same managers are maintaining their emerging market

exposures as the sole source of significant economic growth for the coming year .

Europe and Japan are at the other end of the spectrum, with seemingly attractive

valuations but few prospects for growth.

The major themes in the international and emerging equity markets remain largely

unchanged in the third quarter, namely a negative outlook on most of continental

Europe and Japan and an overweight to the emerging markets as the likely driver

of global economic growth over the coming 18-24 months. However, the emerging

market valuations have gotten generically rich and many managers are looking for

better opportunities in developed market companies with high levels of revenues

derived from the emerging markets.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fixed Income Summary [5]

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

3-monthBill

6-monthBill

1-yearNote

2-yearNote

3-yearNote

5-yearNote

7-yearNote

10-yearBond

20-yearBond

30-yearBond

One Year Ago Last Quarter Today

Treasury Yield Curve (as of 12/31/2010)

The domestic fixed income markets closed 2010 on a down note, as the yield

curve shifted dramatically upwards in November and December. Marginally

positive economic data, higher issuance and lower demand combined to push

prices down and yields higher. In a reversal of the previous two quarters, the yield

curve steepened dramatically with the 2-10 year spread widening 58 basis points.

The losses in the bond markets were especially steep at the long end of the curve,

where yields rose 65 basis points on the 30-Year Treasury, and the Barclays

Treasury 20+ Year Index fell 9.3%, cutting the year’s return in half. Treasuries

fared the worst in the quarter (-2.6%), though the returns in the Industrial (-2.1%)

and Utility sectors (-2.5%) of the corporate market were down nearly as much.

Bucking the trend was the MBS Index, which actually had a gain for the quarter

due to a large positive return in October and smaller losses in November and

December. Despite the losses for the segment in the final quarter, returns for the

investment grade market were well ahead of expectations for the calendar year,

particularly given the average forecast last January for higher rates in the first half

of the year. Slower than expected economic growth in the first half of the year

combined with the European sovereign debt crisis in May (and the subsequent

flight to Treasuries), provided a good cushion and ultimately mid to high single digit

returns for the asset class. All of which leaves the asset class in roughly the same

position as 12 months ago: very low current yields, high probability of rising rates in

the coming year and very low expectations for total return.

The non-investment grade market enjoyed another strong quarter with the

Barclays High Yield index up 3.2% for the quarter and 15.1% for the year. The

average option adjusted spread on the index fell nearly 1% over the course of the

quarter. Both the third and fourth quarter saw increased investor appetite within

the non-investment grade sector, as reasonable valuations and faint signs of

economic recovery appeared to highlight positive future prospects for these issues.

The municipal market was struck harder in the fourth quarter than the taxable

market, as the Barclays Municipal Index was down 1.9% in December alone and

4.2% for the quarter. The dramatic results were due to a combination of factors

both market oriented as well as a few technical issues. The municipal market was

affected by the same issues impacting the taxable market, namely the marginally

better economic data generically pushing interest rates higher. However, the

major impact to the market was a dramatic shift in the supply /demand

fundamentals particularly in November and December. California’s budget was

settled later than usual, and the state came to market with several very large new

issues in November. At the same time, a number of other states came to market

with new issuance in an attempt to tap the BAB market before the program expired

at the end of the year. Both of these factors collided with dramatically lower retail

interest in the asset class as investors moved strongly into the equity markets after

the third quarter rebound and continued strong results in October. Among the

investment grade issues, longer maturities and lower credit qualities suffered

greater losses. The Barclays High Yield Muni Index was down just 3.9%, 20 basis

points less than the investment grade index, for the quarter aided by its much

higher current yield.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Footnotes:

[1] Morningstar Fund Flows report 11.20.2010

[2] ibid

[3] All index returns quoted from Russell Investment Group

[4] All index return data and currency data is quoted from Russell Investment

Group

[5] All index return data is quoted from Barclays Capital

[6]Barclay’s U.S Treasury Index, Corporate (Industrials) Index, Corporate (Utilities)

Index respectively

Outlook2011 opens with far more questions than answers. The split in control of

Congress should preclude any significant regulatory changes, but the eventual

impact of the current round of quantitative easing or the recent extension of the

current tax rates is up for debate. The general consensus among the fixed

income managers we have spoken to is for no action from the Fed at least

through the first half of the year, if not well into the fourth quarter of 2011.

However, the global markets may have a more significant impact on U .S.

interest rates than the Fed. Another European debt crisis or perhaps a

significant event in the Chinese economy could create another flight to quality

and push the domestic yield curve lower. By the same logic, investor demand

for higher real rates of return or more significant risk premium could push yields

higher without any action from the Fed. On the equity side, a reasonably strong

18 month rally, particularly in a year when the average investor moved out of

equities, brings the opportunity set for the equity market somewhat into

question. A continuation of the “relief” rally of the second half of 2010 might run

through the first half of the year, but eventually market participants will have to

see improvements in economic growth, unemployment and global stability

before pushing markets high enough to match 2010’s results.

Source: Prima Capital. Opinions, estimates, forecasts and statements of financial market trends that are based on current market conditions constitute Prima’s

judgment and are subject to change without notice. We believe the information contained in this commentary has been obtained from sources that are reliable.

This presentation is for informational purposes only and is not intended as an offer of solicitation with respect to the purchase or sale of any security.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010


Section IV | Core Fund Review

The following section contains previously selected funds and is NOT FOR DISTRIBUTION TO PLAN PARTICIPANTS.

The performance information contained herein represents past performance .

Past performance does not guarantee future results. The investment return and

principal value of an investment will fluctuate so that your investment, when

redeemed, may be higher or lower than the performance shown here. The most

recent month-end performance information for the Fund may be obtained by

contacting the mutual fund company. The phone number for the mutual fund

company can be found in Section IV of this report. Please see Section VI of this report for additional disclosures.

You should consider the investment objectives, risks, charges and expenses of the

Fund carefully before investing. This and other information is contained in the

Fund's Prospectus, which can be obtained by contacting the mutual fund company .

The phone number for the mutual fund company can be found in Section IV of this

report. You should read the Prospectus carefully before choosing a Fund.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Matrix

PLAN ASSETSRISK

Total

Assets

# of

Participants

Exp

Ratio

Std Dev

3 Yr

Sharpe

Ratio

3 Yr

5 year3 year1 yearTotal Ret

YTD

AVERAGE ANNUAL TOTAL RETURN

Asset ClassFund Name Alpha

3 Yr

10 year

Period ending 12/31/2010

US Stock

GAMCO Growth I 53 $723,153.84 1.28%10.41% 10.41% -4.40% 1.87% -0.07 n/a 25.46-1.77%Large Growth

Russell 1000 Growth Benchmark 16.71% 16.71% -0.47% 3.75% -0.05 25.450.02% n/a

Invesco Diversified Div Instl 61 $521,314.80 0.70%15.63% 15.63% 1.72% 4.35% 0.16 5.45 21.35n/aLarge Value

Russell 1000 Value Benchmark 15.51% 15.51% -4.42% 1.28% -0.20 26.473.26% n/a

Columbia Sm Cap Indx Z 11 $117,124.17 0.20%26.06% 26.06% 3.05% 4.60% 0.22 0.77 27.707.44%Small Blend

Gabelli Sm Cap Gr I 74 $1,419,264.50 1.23%27.81% 27.81% 4.78% 8.01% 0.29 n/a 24.139.95%Small Blend

Russell 2000 Benchmark 26.85% 26.85% 2.22% 4.47% 0.05 29.296.33% n/a

First AM Mid Cap Indx Y 20 $147,864.94 0.53%26.02% 26.02% 3.32% 5.48% 0.23 2.04 26.066.67%Mid-Cap Blend

Russell Midcap Benchmark 25.47% 25.47% 1.05% 4.66% 0.01 30.096.54% n/a

Pioneer Select Mid Cap Gr Y 55 $343,697.76 0.98%21.62% 21.62% 2.68% 6.54% 0.21 1.64 26.486.94%Mid-Cap Growth

Russell Midcap Growth Benchmark 26.38% 26.38% 0.97% 4.88% 0.01 30.453.12% n/a

Columbia Mid Cap Val Z 0 $0.00 0.94%23.21% 23.21% -1.59% 3.74% 0.05 -2.57 26.26n/aMid-Cap Value

Goldman Sachs Mid Cap Val Instl 43 $142,000.64 0.76%24.85% 24.85% 1.85% 4.85% 0.17 0.61 24.529.46%Mid-Cap Value

Russell Midcap Value Benchmark 24.75% 24.75% 1.01% 4.08% 0.01 30.568.07% n/a

GAMCO Glbl Telecommunications I 9 $56,351.86 1.44%11.38% 11.38% -6.08% 4.79% -0.17 n/a 23.382.48%Communications

GAMCO Westwood Eq I 60 $667,896.76 1.32%12.26% 12.26% -5.30% 2.44% -0.19 n/a 20.692.72%Large Blend

Invesco Charter I 27 $459,441.55 0.80%8.60% 8.60% 0.67% 5.34% 0.10 2.79 19.361.94%Large Blend

Pioneer Y 49 $285,795.36 0.71%16.17% 16.17% -1.48% 3.27% 0.01 1.36 21.802.33%Large Blend

S&P 500 Benchmark 15.06% 15.06% -2.86% 2.29% -0.15 24.911.41% n/a

Balanced

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Matrix (cont)

PLAN ASSETSRISK

Total

Assets

# of

Participants

Exp

Ratio

Std Dev

3 Yr

Sharpe

Ratio

3 Yr


YTD



3 Yr

10 year


GAMCO Westwood Bal I 56 $1,502,380.93 1.00%9.41% 9.41% -0.84% 3.86% -0.05 n/a 12.813.99%Moderate Allocation

JHancock Balanced R5 92 $3,227,888.62 0.93%11.59% 11.59% 1.28% 7.85% 0.12 n/a 16.004.93%Moderate Allocation

60% S&P 500/ 40% BCI Aggregate Benchmark 12.13% 12.13% 1.14% 4.08% 0.02 14.903.53% n/a

International Stock

AllianceBern Glbl Thematic Gr R 18 $308,103.04 1.62%18.36% 18.36% 0.18% 5.47% 0.13 6.13 29.15-1.56%World Stock

Russell Developed Large Cap Benchmark 12.43% 12.43% -4.77% 2.53% -0.20 28.372.52% n/a

Invesco European Gr R 12 $126,068.02 1.91%12.12% 12.12% -6.59% 5.24% -0.15 -0.37 26.276.71%Europe Stock

Thornburg Intl Val R5 81 $976,640.37 0.99%14.08% 14.08% -4.27% 7.22% -0.09 0.92 23.568.26%Foreign Large Blend

Russell Developed Large Cap ex N.A. Benchmark 8.39% 8.39% -6.64% 2.91% -0.24 31.393.80% n/a

Templeton Instl Foreign Eq Ser Srvc 7 $34,648.69 0.95%6.59% 6.59% -6.43% 4.62% -0.14 0.54 26.726.31%Foreign Large Value

Russell Developed Large Cap Val ex N.A. Benchmark 5.36% 5.36% -8.00% 1.56% -0.27 32.48n/a n/a

Columbia Acorn Intl Z 43 $603,833.51 0.99%22.70% 22.70% 0.08% 9.60% 0.12 2.79 27.899.32%Foreign Sm/Mid Gr

Putnam Intl Cap Opp Y 16 $243,694.42 1.42%18.98% 18.98% -1.15% 6.91% 0.11 2.81 32.566.70%Foreign Sm/Mid Value

Russell Developed Small Cap ex N.A. Benchmark 20.37% 20.37% -2.66% 3.08% -0.10 33.928.76% n/a

Taxable Bond

Victory Fd for Inc R 63 $559,800.75 1.00%6.52% 6.52% 5.97% 5.59% 2.07 4.04 2.514.78%Short Government

Barclays 1-3 Year Treasury Benchmark 2.40% 2.40% 3.26% 4.19% 1.03 2.403.95% n/a

Pioneer Bond Y 83 $1,289,520.77 0.61%9.75% 9.75% 7.49% 6.58% 1.30 2.75 5.146.80%Interm-Term Bond

Barclays Intermediate Aggregate Benchmark 6.15% 6.15% 5.82% 5.81% 1.65 3.045.66% n/a

Putnam High Yield Y 30 $362,019.70 0.83%14.46% 14.46% 8.68% 7.75% 0.57 -1.13 15.608.25%High Yield Bond

Barclays US Corporate High Yield Benchmark 15.12% 15.12% 10.38% 8.91% 0.46 20.798.88% n/a

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Matrix (cont)

PLAN ASSETSRISK

Total

Assets

# of

Participants

Exp

Ratio

Std Dev

3 Yr

Sharpe

Ratio

3 Yr


YTD



3 Yr

10 year


Cash

Vanguard Prime Money Mkt Inv 30 $1,070,398.74 0.23%0.06% 0.06% 1.11% 2.66% 2.33 0.32 0.372.41%Money Mkt - Taxable

T-Bills - 3 Month Benchmark 0.13% 0.13% 0.79% 2.43% 0.00 0.562.38% n/a

Alternative

GAMCO Gold I 60 $633,517.20 1.21%36.09% 36.09% 14.03% 19.61% 0.51 n/a 44.8026.23%Eq Precious Metals

S&P 500 Benchmark 15.06% 15.06% -2.86% 2.29% -0.15 24.911.41% n/a

Undefined

TAKEOVER CASH FND #1 3 $34.52 n/an/a n/a n/a n/a n/a n/a n/an/aUndefined

Unknown Benchmark n/a n/a n/a n/a n/a n/an/a n/a

$15,822,455.46 Total Plan Assets

The performance information contained herein represents past performance .

Past performance does not guarantee future results. The investment return and

principal value of an investment will fluctuate so that your investment, when

redeemed, may be higher or lower than the performance shown here. The most

recent month-end performance information for the Fund may be obtained by

contacting the mutual fund company. The phone number for the mutual fund

company can be found in of this report.

You should consider the investment objectives, risks, charges and expenses of the

Fund carefully before investing. This and other information is contained in the

Fund's Prospectus, which can be obtained by contacting the mutual fund company .

The phone number for the mutual fund company can be found in of this report .

You should read the Prospectus carefully before choosing a Fund.

Please see of this report for additional disclosures.

The performance data does not reflect the deduction of the sales load or fee, and

that, if reflected, the load or fee would reduce the performance quoted.

Please see of this report for additional benchmark information.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Ranking by Quartile

1 Year (as of 12/31/2010)

First Quartile - 9 funds

Victory Fund for Income R 4% of 154 funds

Pioneer Bond Y 16% of 1,164 funds

Thornburg Intl Value R5 16% of 829 funds

Pioneer Y 18% of 2,010 funds

AllianceBern Glbl Thematic Gr R 19% of 865 funds

Goldman Sachs Mid Cap Val Instl 20% of 420 funds

First AM Mid Cap Index Y 22% of 433 funds

Invesco Diversified Div Instl 22% of 1,240 funds

Gabelli Small Cap Growth I 24% of 649 funds

Second Quartile - 5 funds

Invesco European Growth R 34% of 118 funds

Columbia Mid Cap Value Z 38% of 420 funds

Putnam High Yield Y 39% of 574 funds

Columbia Acorn Intl Z 40% of 135 funds

Columbia Small Cap Index Z 46% of 649 funds

Third Quartile - 5 funds

JHancock Balanced R5 57% of 1,074 funds

Templeton Instl Foreign Eq Ser Srvc 58% of 364 funds

Putnam Intl Capital Opp Y 69% of 66 funds

Pioneer Select Mid Cap Gr Y 73% of 759 funds

GAMCO Westwood Equity I 74% of 2,010 funds

Fourth Quartile - 5 funds

GAMCO Gold I 79% of 77 funds

GAMCO Glbl Telecommunications I 87% of 47 funds

GAMCO Westwood Balanced I 88% of 1,074 funds

GAMCO Growth I 89% of 1,718 funds

Invesco Charter I 94% of 2,010 funds

3 Year (as of 12/31/2010)


Invesco Diversified Div Instl 3% of 1,120 funds


Invesco Charter I 6% of 1,753 funds




Pioneer Bond Y 18% of 1,026 funds



Pioneer Y 20% of 1,753 funds




JHancock Balanced R5 27% of 930 funds









GAMCO Westwood Balanced I 74% of 930 funds


GAMCO Growth I 76% of 1,504 funds

Columbia Mid Cap Value Z 85% of 360 funds

GAMCO Westwood Equity I 86% of 1,753 funds

10 Year (as of 12/31/2010)



Pioneer Bond Y 8% of 560 funds





JHancock Balanced R5 13% of 404 funds




GAMCO Westwood Equity I 25% of 802 funds



Pioneer Y 30% of 802 funds


GAMCO Westwood Balanced I 34% of 404 funds

Invesco Charter I 36% of 802 funds







GAMCO Growth I 85% of 787 funds


Percentile Rank for your plan's investment options, based on 1, 3, and 10-year annualized returns

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fund Ranking by Quartile (cont)

1 Year 3 Year 10 Year

Rankings provided by Prima Capital Management, Inc. (Prima) are published on a quarterly basis.

The category of each ranking for the funds above may be found in the Asset Class Coverage report.

Prima's mutual fund universes start with all of the publicly traded mutual funds with more than 12 calendar quarters of performance history. Once per year, the entire

universe (eliminating duplicate share classes) is regressed against all of the major indices, and each fund is assigned to one of the various asset classes (large growth,

large value, international, etc.) based on rolling 3-year correlations. These universes are then manually reviewed to assure best placement. At the conclusion of this

process, the fund is assigned to one asset class for the remainder of that calendar year. New funds are added on a quarterly basis as they pass the performance history

threshold.

The ranking information does not reflect the deduction of the Sales Load that may apply if the Fund shares were purchased outside the Plan and, if the Sales Load were

reflected, a fund's ranking could be lower.

Other share classes of these Funds may have different rankings even though they represent interests in the same portfolio.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Asset Class Coverage

Plans Investment OptionsAsset Class Category

US Stock Mid-Cap Value Goldman Sachs Mid Cap Value Instl

Large Blend Invesco Charter I

Communications GAMCO Global Telecommunications I

Small Blend Gabelli Small Cap Growth I

Mid-Cap Value Columbia Mid Cap Value Z

Large Growth GAMCO Growth I

Mid-Cap Growth Pioneer Select Mid Cap Growth Y

Large Value Invesco Diversified Dividend Instl

Large Blend GAMCO Westwood Equity I

Small Blend Columbia Small Cap Index Z

Mid-Cap Blend First American Mid Cap Index Y

Large Blend Pioneer Y

Balanced Moderate Allocation JHancock Balanced R5


International Stock World Stock AllianceBern Global Thematic Gr R

Foreign Small/Mid Growth Columbia Acorn International Z

Europe Stock Invesco European Growth R

Foreign Small/Mid Value Putnam International Capital Opp Y

Foreign Large Blend Thornburg International Value R5

Foreign Large Value Templeton Instl Foreign Eq Ser Service

Taxable Bond Short Government Victory Fund for Income R

High Yield Bond Putnam High Yield Y

Intermediate-Term Bond Pioneer Bond Y

Municipal Bond None None

Cash Money Market - Taxable Vanguard Prime Money Market Inv

Commodities None None

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Asset Class Coverage (cont)

Asset Class Plans Investment Options

Alternative Equity Precious Metals GAMCO Gold I

Undefined Undefined TAKEOVER CASH FND #1

The above chart lists asset classes common to retirement plans. Not all plans include all asset classes. Which asset classes are

appropriate for a particular plan must be determined based on the relevant facts and circumstances of each individual plan.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010




Fund Overview as of 12/31/2010

Management Company

AllianceBernstein

Alliancebernstein Glb Thmtc Grh Fd, Inc.

1345 Avenue Of The Americas

New York, NY 10105

800-221-5672

Ticker

Std Min Investment

Month End NAV (12/31/2010)

Sub-Advisor

ATERX

None

$0.00

$76.88

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities

Avg 12 Month Turnover

Joseph Carson,Vadim Zlotnikov

2 Yr(s)

11/03/2003

International Stock

$1,281.2 Million

87

193.00

Expense Ratio 1.62%

Cumulative (%) Annualized (%)

Since

Incept.

Quarter

to Date 10 Year5 Year3 Year1 Year

Year

to Date

1

Month

6.38 13.27 18.36 18.36 0.18 5.47 -1.56 5.22Fund Total Return

7.41 9.13 12.43 12.43 -4.77 2.53 2.52 n/aBenchmark

AllianceBern Global Thematic Gr R Russell Developed Large Cap

Risk Analysis (3 Year) as of 12/31/2010

Statistics measured against the fund's broad based

index: Russell Developed Large Cap

A lpha measu res a

manager's contribution to

performance due to

security selection or

market timing to the

relative broad based

index.

B e t a m e a s u r e s a

porfolio's sensitivity to

market movements in

the broad based index.

R-squared is a measure

that indicates the extent

to which fluctuations in

portfol io returns are

correlated with those of


Standard deviation is a

measure of risk that

guages the variability of

actual returns from their

expected values and the

dispersion of these

variations over time.

Alpha: Beta:

R-Squared: Std Dev:

6.13 1.05

0.92 29.15

Fund Performance Analysis as of 12/31/2010

-8%-4%0%4%8%

12%16%20%

Asset Allocation as of 09/30/2010

98.44%

1.35%

0.21%

Equity

Other

Fixed

The performance information contained herein represents past performance. Past performance

does not guarantee future results. The investment return and principal value of an investment will

fluctuate so that your investment, when redeemed, may be worth more or less than their

performance data quoted. Current performance may be higher or lower than the performance

shown here. The most recent month-end performance information for the Fund may be obtained by

contacting the mutual fund company at 800-221-5672.

Quarterly Performance Analysis (3 Year) as of 12/31/2010

-17.44 2.83AllianceBern Global Thematic Gr R -16.45 -23.02 -0.71 25.90 18.40 5.11 1.72 -11.83 16.51 13.27

-9.01 -1.76Russell Developed Large Cap -15.40 -22.77 -11.68 21.18 17.99 4.15 3.45 -12.61 13.95 9.13

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10

Best 3 Month Performance over last 3 Years Worst 3 Month Performance over last 3 Years

4Q09

Top 10 Holdings as of 09/30/2010

Holding Name Percent of TNA

Denbury Resources, Inc. 2.03%

Monsanto Company 1.91%

Schlumberger, Ltd. 1.75%

Weyerhaeuser Company 1.70%

Mitsubishi ADR 1.63%

NetLogic Microsystems, Inc. 1.63%

NGK Insulators, Ltd. 1.61%

Impala Platinum Holdings 1.58%

Nabors Industries, Ltd. 1.53%

Freeport-McMoRan Copper & Gold B 1.52%

Percent of Assets in Top Holdings 16.89%

Sectors By Percent** as of 09/30/2010

Materials

Financial Services

Energy

Software

Health Care

Consumer Goods

Hardware

Consumer Services

Telecommunication

Business Services

Media

26.61%

16.80%

10.10%

7.76%

7.50%

7.35%

4.78%

4.52%

4.43%

3.27%

3.20%

** Sector weightings based on Industry Classification Benchmark Industries

0K2K4K6K8K

10K12K14K16K18K

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10

Growth of $10,000 Investment as of 12/31/2010

Russell Developed Large CapAllianceBern Global Thematic

Gr R

$14,353.62 $14,290.88

You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is

contained in the Fund's Prospectus, which can be obtained by contacting the mutual fund company at 800-221-5672. You should read the

Prospectus carefully before choosing a Fund.

SEE DISCLOSURE PAGE FOR ADDITIONAL INFORMATION.

Page 45




Management Company

Columbia

Columbia Acorn Trust

227 W Monroe Ste 3000

Chicago, IL 60606

800-345-6611

Ticker

Std Min Investment


Sub-Advisor

ACINX

None

$2,500.00

$40.92

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


P. Egan,Louis Mendes

11 Yr(s)

09/23/1992

International Stock

$6,094.4 Million

220

31.00

Expense Ratio 0.99%


Since

Incept.

Quarter


Year

to Date

1

Month

7.16 8.57 22.70 22.70 0.08 9.60 9.32 12.17Fund Total Return

10.94 11.36 20.37 20.37 -2.66 3.08 8.76 n/aBenchmark

Columbia Acorn International Z Russell Developed Small Cap ex N.A.



index: Russell Developed Small Cap ex N.A.

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

2.79 0.99

0.98 27.89


-4%0%4%8%

12%16%20%24%


92.33%

4.19%

3.48%

Equity

Cash

Other








-7.11 -1.85Columbia Acorn International Z -23.68 -22.23 -8.99 33.30 19.29 4.32 3.50 -7.68 18.27 8.57

-6.47 -3.01Russell Developed Small Cap ex N.A. -24.09 -21.44 -10.43 32.93 19.90 -0.77 4.22 -10.14 15.41 11.36

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Olam International Limited 1.58%

Naspers, Ltd. 1.53%

Localiza Rent A Car S.A. 1.43%

Hexagon AB 1.35%

Kansai Paint Co. Ltd. 1.24%

Serco Group PLC 1.17%

Imtech 1.14%

Intertek Group PLC 1.05%

Suzano Bahia Sul Papel e Celulose SA 0.95%

Fugro 0.95%



MaterialsBusiness ServicesFinancial Services

Consumer ServicesHealth Care

Consumer GoodsEnergyMedia

UtilitiesHardwareSoftware

Telecommunication

20.41%14.11%

12.69%9.54%

6.91%6.66%

5.30%2.74%

1.68%1.45%1.45%

0.98%


0K

4K

8K

12K

16K

20K

24K

28K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell Developed Small Cap

ex N.A.

Columbia Acorn International

Z

$24,388.21 $23,157.31





Page 46




Management Company

Columbia

Columbia Funds Series Trust

One Financial Center

Boston, MA 02111

800-345-6611

Ticker

Std Min Investment


Sub-Advisor

NAMAX

None

$2,500.00

$13.46

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Noah Petrucci,Diane Sobin

9 Yr(s)

11/20/2001

US Stock

$4,815.0 Million

119

56.00

Expense Ratio 0.94%


Since

Incept.

Quarter


Year

to Date

1

Month

8.23 14.47 23.21 23.21 -1.59 3.74 n/a 8.56Fund Total Return

7.55 12.24 24.75 24.75 1.01 4.08 8.07 n/aBenchmark

Columbia Mid Cap Value Z Russell Midcap Value



index: Russell Midcap Value

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

-2.57 0.97

0.99 26.26


-4%0%4%8%

12%16%20%24%28%


97.26%

2.22%

0.52%

Equity

Cash

Other








-11.28 -0.28Columbia Mid Cap Value Z -8.49 -27.91 -11.92 17.79 20.92 5.64 8.11 -11.22 12.14 14.47

-8.64 0.07Russell Midcap Value -7.52 -27.19 -14.68 20.94 23.62 5.21 9.61 -9.57 12.13 12.24

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Spectra Energy Corporation 1.89%

Discover Financial Services 1.85%

Parker Hannifin Corporation 1.71%

Wisconsin Energy Corporation 1.66%

Equity Residential 1.58%

PPG Industries, Inc. 1.57%

Sempra Energy 1.56%

Lincoln National Corp. 1.55%

Rayonier, Inc. 1.50%

Peabody Energy Corporation 1.49%



Financial ServicesMaterials

EnergyConsumer Goods

UtilitiesConsumer ServicesBusiness Services

HardwareHealth Care

MediaSoftware

TelecommunicationCovertible

25.14%16.92%

11.11%10.61%

9.91%6.57%

4.26%4.03%

3.19%2.02%

1.45%0.83%

0.27%


0K

4K

8K

12K

16K

20K

24K

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell Midcap ValueColumbia Mid Cap Value Z

$19,915.33 $21,224.87





Page 47




Management Company

Columbia

Columbia Funds Series Trust

One Financial Center

Boston, MA 02111

800-345-6611

Ticker

Std Min Investment


Sub-Advisor

NMSCX

None

$2,500.00

$17.28

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Alfred Alley III

1 Yr(s)

10/15/1996

US Stock

$1,756.3 Million

605

14.00

Expense Ratio 0.20%


Since

Incept.

Quarter


Year

to Date

1

Month


7.94 16.25 26.85 26.85 2.22 4.47 6.33 n/aBenchmark

Columbia Small Cap Index Z Russell 2000



index: Russell 2000

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

0.77 0.97

0.99 27.70


0%4%8%

12%16%20%24%28%


97.93%

2.07%

Equity

Cash








-7.47 0.50Columbia Small Cap Index Z -0.86 -24.99 -16.82 21.13 18.56 5.07 8.56 -8.85 9.59 16.25

-9.90 0.58Russell 2000 -1.11 -26.12 -14.95 20.69 19.28 3.87 8.85 -9.92 11.29 16.25

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Russell 2000 Mini Index Ftrs Dec10 Icus 2.22%

iShares S&P SmallCap 600 Index 0.92%

SM Energy Co 0.57%

East West Bancorp, Inc. 0.56%

Oil States International, Inc. 0.55%

Varian Semiconductor Equipment Associates, Inc. 0.53%

Biomed Realty Trust, Inc. 0.51%

Polaris Industries, Inc. 0.51%

Concur Technologies, Inc. 0.50%

Cooper Companies 0.49%




Consumer ServicesHealth Care

HardwareConsumer Goods

Business ServicesSoftware

EnergyUtilities

TelecommunicationMedia

17.81%12.73%

10.71%10.37%

9.53%8.14%

7.57%5.95%

4.62%3.93%

2.73%0.32%


0K

4K

8K

12K

16K

20K

24K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell 2000Columbia Small Cap Index Z

$20,487.67 $18,476.34





Page 48




Management Company

First American

First American Investment Funds Inc

800 Nicollet Mall Bc-mn-h04n

Minneapolis, MN 55402

800-257-8787

Ticker

Std Min Investment


Sub-Advisor

FIMEX

None

$0.00

$13.08

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Walter French,David Friar

9 Yr(s)

11/04/1999

US Stock

$264.5 Million

407

8.00

Expense Ratio 0.53%


Since

Incept.

Quarter


Year

to Date

1

Month


6.92 13.07 25.47 25.47 1.05 4.66 6.54 n/aBenchmark

First American Mid Cap Index Y Russell Midcap



index: Russell Midcap

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

2.04 0.94

1.00 26.06


0%4%8%

12%16%20%24%28%


91.31%

8.70%

Equity

Cash








-8.95 5.37First American Mid Cap Index Y -10.61 -25.56 -8.70 18.78 19.88 5.46 8.89 -9.66 13.02 13.34

-9.98 2.67Russell Midcap -12.91 -27.27 -8.98 20.80 20.62 5.92 8.67 -9.88 13.31 13.07

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



First American Prime Obligation Z 7.80%

F5 Networks, Inc. 0.75%

Newfield Exploration Company 0.70%

Edwards Lifesciences 0.69%

Lubrizol Corporation 0.66%

Joy Global, Inc. 0.66%

Netflix, Inc. 0.64%

New York Community Bancorp, Inc. 0.64%

Vertex Pharmaceuticals 0.63%

Dollar Tree Stores, Inc. 0.58%




Health CareConsumer Services

Consumer GoodsBusiness Services

HardwareEnergyUtilities

SoftwareTelecommunication

Media

17.85%14.44%

9.54%9.51%

9.10%7.21%

6.01%5.61%

4.68%4.53%

2.19%0.65%


0K

4K

8K

12K

16K

20K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell MidcapFirst American Mid Cap Index

Y

$19,079.63 $18,847.30





Page 49




Management Company

Gabelli

Gabelli Equity Series Funds Inc

One Corporate Center

Rye, NY 10580

800-422-3554

Ticker

Std Min Investment


Sub-Advisor

GACIX

None

$500,000.00

$34.19

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Mario Gabelli

19 Yr(s)

01/11/2008

US Stock

$2,001.2 Million

558

14.00

Expense Ratio 1.23%


Since

Incept.

Quarter


Year

to Date

1

Month


7.94 16.25 26.85 26.85 2.22 4.47 6.33 n/aBenchmark

Gabelli Small Cap Growth I Russell 2000

Risk Analysis (3 Year) Statistics measured against the fund's broad based

index: Russell 2000

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev: 24.13


0%4%8%

12%16%20%24%28%


89.73%

10.00%

0.26%

Equity

Cash

Other








-1.62 -2.85Gabelli Small Cap Growth I -21.80 -10.78 20.69 17.06 3.16 7.66 -8.23 14.19 13.29

0.58 -1.11Russell 2000 -26.12 -14.95 20.69 19.28 3.87 8.85 -9.92 11.29 16.25

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 2Q10 3Q10 4Q10


1Q10



SSL International PLC 1.67%

Ferro Corporation 1.60%

O'Reilly Automotive, Inc. 1.59%

RPC, Inc. 1.35%

Interpublic Group of Companies 1.13%

Kaman Corporation A 1.02%

CNH Global NV 0.96%

GrafTech International, Inc. 0.93%

Baldor Electric Company 0.90%

BBA Aviation PLC 0.87%



MaterialsConsumer Goods

Consumer ServicesMedia

Financial ServicesHealth Care

UtilitiesBusiness Services

TelecommunicationEnergy

HardwareSoftware

Covertible

25.81%13.27%

10.13%6.65%6.13%

4.93%4.20%4.18%

2.95%2.89%2.79%

1.26%0.03%


0K

2K

4K

6K

8K

10K

12K

14K

1Q08

1Q09

1Q10


Russell 2000Gabelli Small Cap Growth I

$12,420.71 $11,855.06





Page 50




Management Company

Gabelli


Rye, NY 10580

800-422-3554

Ticker

Std Min Investment


Sub-Advisor

GTTIX

None

$500,000.00

$20.41

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Sergey Dluzhevskiy,Evan Miller

8 Yr(s)

01/11/2008

US Stock

$153.0 Million

187

4.00

Expense Ratio 1.44%


Since

Incept.

Quarter


Year

to Date

1

Month

4.14 3.01 11.38 11.38 -6.08 4.79 2.48 -5.13Fund Total Return

6.68 10.76 15.06 15.06 -2.86 2.29 1.41 n/aBenchmark

GAMCO Global Telecommunications I S&P 500


index: S&P 500

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:



-8%

-4%

0%

4%

8%

12%

16%


99.54%

0.47%

Equity

Cash








-2.05 -14.41GAMCO Global Telecommunications I -16.62 -11.83 18.16 15.37 3.86 0.43 -6.87 15.61 3.01

-2.73 -8.37S&P 500 -21.94 -11.01 15.93 15.61 6.04 5.39 -11.43 11.29 10.76

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 2Q10 3Q10 4Q10


1Q10



Rogers Communications Inc B 4.61%

America Movil S.A.B. de C.V. ADR L 4.57%

Telefonica, S.A. ADR 4.44%

Directv 4.33%

United States Cellular Corporation 3.50%

Verizon Communications Inc. 3.18%

Deutsche Telekom AG ADR 3.08%

TeliaSonera AB 2.78%

VimpelCom Ltd ADR 2.30%

AT&T, Inc. 2.30%



Telecommunication

Media

Materials

Financial Services

Business Services

Health Care

Utilities

Hardware

Software

72.72%

20.11%

3.53%

0.83%

0.48%

0.47%

0.39%

0.18%

0.03%


0K

2K

4K

6K

8K

10K

12K

1Q08

1Q09

1Q10


S&P 500GAMCO Global

Telecommunications I

$9,720.49 $10,123.87





Page 51


GAMCO Gold I


Management Company

Gabelli


Rye, NY 10580

800-422-3554

Ticker

Std Min Investment


Sub-Advisor

GLDIX

None

$500,000.00

$35.88

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Caesar Bryan

16 Yr(s)

01/11/2008

Alternative

$723.5 Million

55

7.00

Expense Ratio 1.21%


Since

Incept.

Quarter


Year

to Date

1

Month


6.68 10.76 15.06 15.06 -2.86 2.29 1.41 n/aBenchmark

GAMCO Gold I S&P 500


index: S&P 500

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:



-5%0%5%

10%15%20%25%30%35%40%


100.00%Equity








4.93 -31.91GAMCO Gold I -6.95 13.34 8.43 18.10 5.04 -1.96 12.89 14.46 7.43

-2.73 -8.37S&P 500 -21.94 -11.01 15.93 15.61 6.04 5.39 -11.43 11.29 10.76

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 2Q10 3Q10 4Q10


1Q10



Randgold Resources, Ltd. ADR 13.35%

Newcrest Mining Limited 10.34%

Agnico-Eagle Mines 7.08%

Goldcorp, Inc. 6.38%

Newmont Mining Corporation 5.50%

Kinross Gold Corporation 4.95%

Eldorado Gold Corp 4.55%

Barrick Gold Corporation 4.48%

Gold Fields Limited ADR 4.20%

Fresnillo PLC 4.05%



Materials 100.00%


0K

2K

4K

6K

8K

10K

12K

14K

1Q08

1Q09

1Q10


S&P 500GAMCO Gold I

$13,792.72 $10,123.87





Page 52


GAMCO Growth I


Management Company

Gabelli


Rye, NY 10580

800-422-3554

Ticker

Std Min Investment


Sub-Advisor

GGCIX

None

$500,000.00

$31.60

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Howard Ward

16 Yr(s)

01/11/2008

US Stock

$531.3 Million

78

83.00

Expense Ratio 1.28%


Since

Incept.

Quarter


Year

to Date

1

Month

6.83 12.54 10.41 10.41 -4.40 1.87 -1.77 -2.14Fund Total Return

5.51 11.83 16.71 16.71 -0.47 3.75 0.02 n/aBenchmark

GAMCO Growth I Russell 1000 Growth


index: Russell 1000 Growth

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:



-8%-4%0%4%8%

12%16%20%


99.72%

0.28%

Equity

Cash








2.24 -17.71GAMCO Growth I -27.51 -0.92 20.49 14.53 6.79 1.50 -13.98 12.36 12.54

1.25 -12.33Russell 1000 Growth -22.79 -4.12 16.32 13.97 7.94 4.65 -11.75 13.00 11.83

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 2Q10 3Q10 4Q10


1Q10



Apple, Inc. 5.22%

Google, Inc. 5.09%

Microsoft Corporation 3.76%

Coca-Cola Company 3.54%

PepsiCo, Inc. 3.35%

Agnico-Eagle Mines 3.20%

International Business Machines Corp 3.19%

Newmont Mining Corporation 2.89%

Hess Corporation 2.66%

Eaton Corporation 2.53%



Materials

Energy

Hardware

Consumer Goods

Telecommunication

Financial Services

Health Care

Software

Consumer Services

29.41%

16.72%

11.36%

10.77%

9.01%

5.79%

5.28%

4.48%

0.46%


0K

2K

4K

6K

8K

10K

12K

1Q08

1Q09

1Q10


Russell 1000 GrowthGAMCO Growth I

$9,831.99 $10,975.72





Page 53




Management Company

Gabelli

Westwood Funds


Rye, NY 10580-1434

800-422-3554

Ticker

Std Min Investment


Sub-Advisor

WBBIX

None

$500,000.00

$10.67

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Mark Freeman,Susan Byrne

19 Yr(s)

01/11/2008

Balanced

$116.9 Million

95

33.00

Expense Ratio 1.00%


Since

Incept.

Quarter


Year

to Date

1

Month

4.10 5.92 9.41 9.41 -0.84 3.86 3.99 0.14Fund Total Return

3.58 5.85 12.13 12.13 1.14 4.08 3.53 n/aBenchmark

GAMCO Westwood Balanced I 60% S&P 500/ 40% BCI Aggregate


index: 60% S&P 500/ 40% BCI Aggregate

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:



-2%0%2%4%6%8%

10%12%14%


59.69%

34.04%

6.27%

Equity

Fixed

Cash








-0.85 -5.04GAMCO Westwood Balanced I -11.16 -8.94 8.27 8.08 3.39 4.12 -7.94 7.76 5.92

-1.92 -5.2260% S&P 500/ 40% BCI Aggregate -11.85 -6.46 10.18 10.77 3.71 4.02 -5.59 7.86 5.85

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 2Q10 3Q10 4Q10


1Q10



Dreyfus Treasury & Agency Csh Mgmt Instl 3.08%

Johnson & Johnson 1.87%

Pfizer Inc. 1.83%

Wells Fargo Company 1.83%

Chevron Corporation 1.80%

J.P. Morgan Chase & Co. 1.76%

FHLMC 5.25% 1.50%

FNMA 5% 1.47%

AT&T, Inc. 1.45%

US Treasury Note 4% 1.42%


Top 15 Sectors By Percent** as of 09/30/2010

Financial ServicesUs Corporation

US AgencyEnergy

Health CareMaterials

US TreasuryConsumer Services

TIPSTelecommunication

UtilitiesMedia

HardwareConsumer Goods

Foreign Corporation

12.10%11.68%

10.04%8.56%

7.55%6.70%

5.47%4.37%4.30%

3.88%3.60%3.59%

3.16%3.05%

2.55%


0K

2K

4K

6K

8K

10K

12K

1Q08

1Q09

1Q10


60% S&P 500/ 40% BCI

Aggregate


$10,083.13 $10,877.12





Page 54




Management Company

Gabelli

Westwood Funds


Rye, NY 10580-1434

800-422-3554

Ticker

Std Min Investment


Sub-Advisor

WEEIX

Westwood Management Corp TX

$500,000.00

$8.97

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Susan Byrne

24 Yr(s)

01/11/2008

US Stock

$106.9 Million

56

52.00

Expense Ratio 1.32%


Since

Incept.

Quarter


Year

to Date

1

Month

7.43 10.48 12.26 12.26 -5.30 2.44 2.72 -3.57Fund Total Return

6.68 10.76 15.06 15.06 -2.86 2.29 1.41 n/aBenchmark

GAMCO Westwood Equity I S&P 500


index: S&P 500

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:



-8%

-4%

0%

4%

8%

12%

16%


99.05%

0.95%

Equity

Cash








-0.79 -8.16GAMCO Westwood Equity I -20.57 -14.68 12.18 11.87 5.44 6.20 -14.02 11.28 10.48

-2.73 -8.37S&P 500 -21.94 -11.01 15.93 15.61 6.04 5.39 -11.43 11.29 10.76

2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 4Q09 2Q10 3Q10 4Q10


1Q10



Pfizer Inc. 3.07%


Johnson & Johnson 3.06%

J.P. Morgan Chase & Co. 2.85%

Wells Fargo Company 2.83%

AT&T, Inc. 2.50%

CVS Caremark Corporation 2.14%

EQT Corp. 2.12%

The Travelers Companies, Inc. 2.12%

Philip Morris International Inc 2.11%



Financial ServicesEnergy

Health CareMaterials

Consumer ServicesTelecommunication

MediaUtilities

Consumer GoodsHardwareSoftware

Business Services

20.00%14.53%

12.17%11.30%

7.23%6.68%

6.10%5.93%

5.02%5.00%

3.02%2.06%


0K

2K

4K

6K

8K

10K

12K

1Q08

1Q09

1Q10


S&P 500GAMCO Westwood Equity I

$9,172.13 $10,123.87





Page 55




Management Company

Goldman Sachs

Goldman Sachs Trust

New York, NY 100384925

800-621-2550

Ticker

Std Min Investment


Sub-Advisor

GSMCX

None

$10,000,000.00

$36.15

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


John Arege,Sean Butkus

3 Yr(s)

08/01/1995

US Stock

$7,680.4 Million

103

104.00

Expense Ratio 0.76%


Since

Incept.

Quarter


Year

to Date

1

Month


7.55 12.24 24.75 24.75 1.01 4.08 8.07 n/aBenchmark

Goldman Sachs Mid Cap Value Instl Russell Midcap Value



index: Russell Midcap Value

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

0.61 0.89

0.95 24.52


0%4%8%

12%16%20%24%28%


98.60%

1.40%

Equity

Cash








-7.83 4.66Goldman Sachs Mid Cap Value Instl -13.67 -23.71 -9.28 15.99 19.61 5.83 8.67 -10.95 14.31 12.86

-8.64 0.07Russell Midcap Value -7.52 -27.19 -14.68 20.94 23.62 5.21 9.61 -9.57 12.13 12.24

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Newfield Exploration Company 2.65%

Principal Financial Group 1.94%

Range Resources Corporation 1.86%

Everest Re Group, Ltd. 1.86%

Biogen Idec, Inc. 1.76%

W.R. Berkley Corporation 1.73%

Xcel Energy, Inc. 1.73%

SunTrust Banks, Inc. 1.65%

DISH Network Corporation Class A 1.59%

Aetna, Inc. 1.57%



Financial ServicesConsumer Goods

UtilitiesMaterials

EnergyHealth Care

MediaTelecommunication

SoftwareHardware

Business ServicesConsumer Services

28.62%13.48%

12.67%12.23%

9.48%6.16%

4.71%3.73%

2.74%2.10%2.01%

0.66%


0K

4K

8K

12K

16K

20K

24K

28K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell Midcap ValueGoldman Sachs Mid Cap

Value Instl

$24,690.12 $21,721.22





Page 56


Invesco Charter I


Management Company

Invesco

AIM Equity Funds

11 Greenway Plaza,Suite 100

Houston, TX 77046

800-959-4246

Ticker

Std Min Investment


Sub-Advisor

CHTVX

Invesco Global Asset Mgmt (N.A.), Inc

$1,000,000.00

$16.60

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Tyler Dann II,Ronald Sloan

8 Yr(s)

07/30/1991

US Stock

$5,488.3 Million

67

32.00

Expense Ratio 0.80%


Since

Incept.

Quarter


Year

to Date

1

Month


6.68 10.76 15.06 15.06 -2.86 2.29 1.41 n/aBenchmark

Invesco Charter I S&P 500



index: S&P 500

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

2.79 0.87

0.98 19.36


-4%-2%0%2%4%6%8%

10%12%14%16%


79.76%

20.13%

0.11%

Equity

Cash

Other








-5.86 -0.69Invesco Charter I -4.63 -19.41 -7.48 16.62 15.34 5.05 4.47 -11.61 8.15 8.74

-9.45 -2.73S&P 500 -8.37 -21.94 -11.01 15.93 15.61 6.04 5.39 -11.43 11.29 10.76

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Invesco Treasurer's Ser Tr Prem Instl 10.07%

Invesco Short Term Inv Liq Assets Instl 10.07%

Kroger Company 3.35%

Progressive Corporation 3.16%

Symantec Corporation 2.59%

Qualcomm, Inc. 2.52%

American Express Company 2.42%

Berkshire Hathaway Inc. A 2.39%

CVS Caremark Corporation 2.33%

Vodafone Group PLC 2.09%



Health CareFinancial Services

MaterialsConsumer Services

EnergyTelecommunication

SoftwareHardware

Business ServicesConsumer Goods

MediaUtilities

13.47%12.34%

11.00%9.16%

8.45%8.19%

5.21%4.32%

3.67%2.21%

0.89%0.87%


0K

2K

4K

6K

8K

10K

12K

14K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


S&P 500Invesco Charter I

$12,121.27 $11,505.80





Page 57




Management Company

Invesco

AIM Equity Funds


Houston, TX 77046

800-959-4246

Ticker

Std Min Investment


Sub-Advisor

DDFIX


$1,000,000.00

$12.26

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Jonathan Harrington,Meggan Walsh

8 Yr(s)

10/25/2005

US Stock

$2,029.0 Million

78

24.00

Expense Ratio 0.70%


Since

Incept.

Quarter


Year

to Date

1

Month

7.14 9.22 15.63 15.63 1.72 4.35 n/a 5.23Fund Total Return

7.89 10.54 15.51 15.51 -4.42 1.28 3.26 n/aBenchmark

Invesco Diversified Dividend Instl Russell 1000 Value



index: Russell 1000 Value

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

5.45 0.88

0.98 21.35


-8%

-4%

0%

4%

8%

12%

16%


89.13%

10.87%

Equity

Cash








-5.78 -3.90Invesco Diversified Dividend Instl 0.93 -19.81 -14.04 17.76 16.85 4.98 7.27 -9.78 9.39 9.22

-8.72 -5.31Russell 1000 Value -6.11 -22.18 -16.77 16.70 18.24 4.22 6.78 -11.15 10.13 10.54

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09





Kimberly-Clark Corporation 2.55%

Capital One Financial Corporation 2.43%

Pentair, Inc. 2.36%

SunTrust Banks, Inc. 2.30%

Johnson Controls, Inc. 2.22%

Fifth Third Bancorp 2.19%

Automatic Data Processing 2.08%

Marriott International, Inc. A 2.07%



Consumer GoodsFinancial Services

MaterialsConsumer Services

Health CareUtilitiesEnergy

Business ServicesHardware

MediaSoftware

Telecommunication

18.85%17.28%

16.76%10.21%

7.26%5.97%

4.56%4.33%

1.62%1.23%

0.73%0.34%


0K

2K

4K

6K

8K

10K

12K

14K

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell 1000 ValueInvesco Diversified Dividend

Instl

$12,374.95 $10,654.33





Page 58




Management Company

Invesco

Aim International Mutual Funds


Houston, TX 77046

800-959-4246

Ticker

Std Min Investment


Sub-Advisor

AEDRX


$0.00

$30.65

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Richard Nield,Borge Endresen

8 Yr(s)

06/03/2002

International Stock

$899.4 Million

75

21.00

Expense Ratio 1.91%


Since

Incept.

Quarter


Year

to Date

1

Month


8.25 6.68 8.39 8.39 -6.64 2.91 3.80 n/aBenchmark

Invesco European Growth R Russell Developed Large Cap ex N.A.



index: Russell Developed Large Cap ex N.A.

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

-0.37 0.95

0.98 26.27


-8%

-4%

0%

4%

8%

12%

16%


93.58%

6.42%

Equity

Cash








-8.70 -5.66Invesco European Growth R -20.28 -22.66 -10.50 22.79 18.88 4.77 0.98 -10.98 17.45 6.19

-8.60 -2.66Russell Developed Large Cap ex N.A. -20.78 -20.34 -13.52 25.88 20.14 2.25 1.00 -13.93 16.87 6.68

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09





Shire PLC 2.36%

Haci Omer Sabanci Holding A.S. 2.32%

Aryzta AG 2.32%

Roche Holding AG 2.27%

Nestle SA 2.17%

Homeserve PLC 2.14%

Imperial Tobacco Group PLC 2.03%

Novo Nordisk A/S 2.00%



Consumer Goods

Materials

Health Care

Consumer Services

Business Services

Financial Services

Energy

Media

Utilities

Telecommunication

Software

19.06%

13.88%

10.65%

10.11%

9.67%

9.13%

8.86%

4.99%

3.24%

3.17%

0.82%


0K4K8K

12K16K20K24K28K32K

2Q02

2Q03

2Q04

2Q05

2Q06

2Q07

2Q08

2Q09

2Q10


Russell Developed Large Cap

ex N.A.


$24,075.80 $18,845.16





Page 59




Management Company

John Hancock

601 Congress Street

Boston, MA 02210

888-972-8696

Ticker

Std Min Investment


Sub-Advisor

JBAVX

MFC Global Investment Mgmt (U.S.), LLC

$0.00

$15.36

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Timothy Malloy,Roger Hamilton

7 Yr(s)

09/05/2008

Balanced

$1,216.3 Million

235

100.00

Expense Ratio 0.93%


Since

Incept.

Quarter


Year

to Date

1

Month


3.58 5.85 12.13 12.13 1.14 4.08 3.53 n/aBenchmark

JHancock Balanced R5 60% S&P 500/ 40% BCI Aggregate


index: 60% S&P 500/ 40% BCI Aggregate

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:



0%2%4%6%8%

10%12%14%


59.12%

35.52%

5.21%

0.15%

Equity

Fixed

Cash

Other








-12.84 -2.12JHancock Balanced R5 11.41 11.31 2.71 3.57 -6.33 8.34 6.17

-11.85 -6.4660% S&P 500/ 40% BCI Aggregate 10.18 10.77 3.71 4.02 -5.59 7.86 5.85

4Q08 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 4Q10


3Q10



Microsoft Corporation 3.84%

Suncor Energy, Inc. 1.99%

Qualcomm, Inc. 1.98%

Google, Inc. 1.68%

Dell, Inc. 1.61%

Apple, Inc. 1.59%

Hewlett-Packard Company 1.54%

Barrick Gold Corporation 1.48%

Denbury Resources, Inc. 1.45%

US Treasury Note 2% 1.45%


Top 15 Sectors By Percent** as of 10/31/2010

Us CorporationMaterials

EnergyUS Treasury

Financial ServicesSoftware

Consumer ServicesHardware

Health CareMortgage PassthruTelecommunication

Consumer GoodsForeign Corporation

Business ServicesUS Agency

15.48%8.31%

7.92%7.57%7.37%

5.55%4.84%4.74%4.47%4.21%3.98%3.78%

3.37%3.13%

2.05%


0K

2K

4K

6K

8K

10K

12K

14K

3Q08

3Q09

3Q10


60% S&P 500/ 40% BCI

Aggregate


$12,125.40 $11,701.48





Page 60


Pioneer Bond Y


Management Company

Pioneer Investments

60 State St 13th FL

Boston, MA 02109

800-225-6292

Ticker

Std Min Investment


Sub-Advisor

PICYX

None

$5,000,000.00

$9.47

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Kenneth Taubes

12 Yr(s)

09/20/2001

Taxable Bond

$1,207.5 Million

853

41.00

Expense Ratio 0.61%


Since

Incept.

Quarter


Year

to Date

1

Month

-0.41 0.04 9.75 9.75 7.49 6.58 6.80 6.64Fund Total Return

-0.95 -0.75 6.15 6.15 5.82 5.81 5.66 n/aBenchmark

Pioneer Bond Y Barclays Intermediate Aggregate



index: Barclays Intermediate Aggregate

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

2.75 0.80

0.12 5.14


-2%

0%

2%

4%

6%

8%

10%


89.33%

7.84%

2.79%

0.04%

Fixed

Cash

Other

Equity








1.59 -0.43Pioneer Bond Y -2.20 -3.02 1.60 6.83 6.95 1.61 3.47 2.33 3.62 0.04

2.35 -0.96Barclays Intermediate Aggregate -0.13 3.58 0.91 1.68 3.21 0.53 1.81 2.92 2.07 -0.75

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



US Treasury Note (Fut) 2.49%

US Treasury Note 2.25%

US Treasury Bond 4.625% 0.95%

US Treasury Note 2.75% 0.95%


Goldman Sachs Cap Ii FRN 0.74%


Wachovia Cmbs 2004-C14 CMO 4.368% 0.69%

Forest City Enterprises Cv 0.68%



Quality Analysis as of 09/30/2010

AAA Bonds

AA Bonds

A Bonds

BBB Bonds

BB Bonds

Below B Bonds

Not Rated Bonds

B Bonds

40.55%

3.87%

12.80%

24.33%

11.58%

1.10%

0.73%

5.04%

0K

4K

8K

12K

16K

20K

3Q01

3Q02

3Q03

3Q04

3Q05

3Q06

3Q07

3Q08

3Q09

3Q10


Barclays Intermediate

Aggregate

Pioneer Bond Y

$18,087.90 $15,961.31





Page 61




Management Company

Pioneer Investments

60 State St

Boston, MA 02109

800-225-6292

Ticker

Std Min Investment


Sub-Advisor

PMTYX

None

$5,000,000.00

$18.17

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Kenneth Winston

1 Yr(s)

06/23/2004

US Stock

$536.0 Million

141

91.00

Expense Ratio 0.98%


Since

Incept.

Quarter


Year

to Date

1

Month


6.24 14.01 26.38 26.38 0.97 4.88 3.12 n/aBenchmark

Pioneer Select Mid Cap Growth Y Russell Midcap Growth



index: Russell Midcap Growth

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

1.64 0.98

0.98 26.48


0%4%8%

12%16%20%24%28%


100.04%

-0.04%

Equity

Cash








-8.58 8.81Pioneer Select Mid Cap Growth Y -20.71 -23.39 -4.04 23.64 16.96 6.18 6.02 -10.80 12.74 14.06

-10.95 4.65Russell Midcap Growth -17.75 -27.36 -3.36 20.67 17.58 6.69 7.67 -10.20 14.65 14.01

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Guess Inc 1.91%

LKQ Corporation 1.68%

IHS, Inc. A 1.45%

Urban Outfitters Inc. 1.31%

Cooper Industries PLC. 1.31%

BE Aerospace 1.29%

Green Mountain Coffee Roasters, Inc. 1.29%

CoStar Group, Inc. 1.25%

Mexican Economic Development, Inc. ADR 1.24%

Advance Auto Parts, Inc. 1.22%



Consumer Services

Software

Materials

Health Care

Hardware

Consumer Goods

Financial Services

Energy

Business Services

Telecommunication

Media

15.43%

14.95%

14.31%

12.01%

10.57%

10.24%

7.49%

6.22%

2.93%

2.36%

0.42%


0K2K4K6K8K

10K12K14K16K18K

2Q04

2Q05

2Q06

2Q07

2Q08

2Q09

2Q10


Russell Midcap GrowthPioneer Select Mid Cap

Growth Y

$16,859.93 $15,507.97





Page 62


Pioneer Y


Management Company

Pioneer Investments

60 State St., 13th Floor

Boston, MA 02109

800-225-6292

Ticker

Std Min Investment


Sub-Advisor

PYODX

None

$5,000,000.00

$41.09

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


John Carey,Walter Hunnewell

24 Yr(s)

05/06/1999

US Stock

$6,916.6 Million

117

12.00

Expense Ratio 0.71%


Since

Incept.

Quarter


Year

to Date

1

Month


6.68 10.76 15.06 15.06 -2.86 2.29 1.41 n/aBenchmark

Pioneer Y S&P 500



index: S&P 500

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

1.36 0.98

0.99 21.80


-4%

0%

4%

8%

12%

16%

20%


99.94%

0.06%

Equity

Cash








-7.17 -2.57Pioneer Y -6.57 -21.98 -11.38 14.88 13.29 8.26 5.41 -12.71 12.40 12.32

-9.45 -2.73S&P 500 -8.37 -21.94 -11.01 15.93 15.61 6.04 5.39 -11.43 11.29 10.76

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09




Norfolk Southern Corporation 2.75%

Rio Tinto PLC 2.46%

John Wiley & Sons, Inc. A 2.35%

PACCAR, Inc 2.27%

Chubb Corporation 2.12%

Johnson Controls, Inc. 2.11%

Target Corporation 1.85%

Becton, Dickinson and Company 1.81%

Hewlett-Packard Company 1.79%



Consumer GoodsMaterials

Financial ServicesEnergy

Health CareHardware

Consumer ServicesBusiness Services

MediaTelecommunication

SoftwareUtilities

17.25%15.24%

12.33%10.98%10.72%

7.93%7.60%

6.69%3.60%3.35%

2.25%1.37%


0K

2K

4K

6K

8K

10K

12K

14K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


S&P 500Pioneer Y

$12,588.28 $11,505.80





Page 63


Putnam High Yield Y


Management Company

Putnam

One Post Office Sq

Mailstop A-14 Legal Department

Boston, MA 02109

800-225-1581

Ticker

Std Min Investment


Sub-Advisor

PHYYX

Putnam Investments LLC

$0.00

$7.64

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Paul Scanlon,Norman Boucher

8 Yr(s)

12/31/1998

Taxable Bond

$1,413.6 Million

617

70.53

Expense Ratio 0.83%


Since

Incept.

Quarter


Year

to Date

1

Month


1.81 3.22 15.12 15.12 10.38 8.91 8.88 n/aBenchmark

Putnam High Yield Y Barclays US Corporate High Yield



index: Barclays US Corporate High Yield

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

-1.13 0.95

0.99 15.60


0%2%4%6%8%

10%12%14%16%


90.34%

3.47%

3.18%

3.01%

Fixed

Other

Cash

Equity








-2.83 2.43Putnam High Yield Y -8.59 -19.05 5.99 19.60 13.24 6.11 4.19 -0.83 6.61 3.90

-3.02 1.76Barclays US Corporate High Yield -8.89 -17.88 5.98 23.07 14.22 6.19 4.62 -0.11 6.71 3.22

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Cit Grp 7% 0.73%

Nrg Engy 7.375% 0.72%

Legrand S A 8.5% 0.68%

Cit Grp 7% 0.57%

Txu Energy Tlb3 L+350 0.56%

Lyondell Chem 11% 0.55%

Ventas Rlty Ltd Partnership 9% 0.54%

Cch Ii Llc / Cch Ii Cap 13.5% 0.53%

Peabody Engy 7.375% 0.51%

Freeport-Mcmoran Copper & Gold 8.375% 0.50%



AAA Bonds

A Bonds

BBB Bonds

BB Bonds

B Bonds

Below B Bonds

Not Rated Bonds

0.03%

0.21%

8.00%

29.84%

43.01%

13.93%

4.98%

0K

4K

8K

12K

16K

20K

24K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Barclays US Corporate High

Yield

Putnam High Yield Y

$22,092.26 $23,421.96





Page 64




Management Company

Putnam

One Post Office Square

Mail Stop A 14

Boston, MA 02109

800-225-1581

Ticker

Std Min Investment


Sub-Advisor

PIVYX

Putnam Investments LLC

$0.00

$35.68

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Joseph Joseph,John McLanahan

11 Yr(s)

02/01/2000

International Stock

$1,177.2 Million

405

26.63

Expense Ratio 1.42%


Since

Incept.

Quarter


Year

to Date

1

Month


10.94 11.36 20.37 20.37 -2.66 3.08 8.76 n/aBenchmark

Putnam International Capital Opp Y Russell Developed Small Cap ex N.A.



index: Russell Developed Small Cap ex N.A.

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

2.81 1.12

0.99 32.56


-4%0%4%8%

12%16%20%24%


99.09%

0.62%

0.29%

Equity

Cash

Other








-7.08 -0.97Putnam International Capital Opp Y -25.67 -24.46 -8.50 36.94 24.51 0.73 5.18 -15.05 17.57 13.26

-6.47 -3.01Russell Developed Small Cap ex N.A. -24.09 -21.44 -10.43 32.93 19.90 -0.77 4.22 -10.14 15.41 11.36

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Partners Group Holding 0.87%

Banque Cantonale Vaudoise 0.87%

Publicis Groupe 0.77%

Shire PLC 0.77%

Next PLC 0.68%

Canaccord Financial Inc 0.66%

Andritz AG 0.65%

Georg Fischer AG 0.64%

Recordati Ord 0.62%

Nitto Denko Corporation 0.61%



MaterialsFinancial ServicesConsumer Goods

Business ServicesHealth Care

HardwareConsumer Services

MediaEnergy

SoftwareTelecommunication

Utilities

27.98%15.87%

12.34%8.35%

5.92%5.57%5.53%5.03%4.66%

2.46%1.14%1.12%


0K

4K

8K

12K

16K

20K

24K

28K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Russell Developed Small Cap

ex N.A.

Putnam International Capital

Opp Y

$19,121.51 $23,157.31





Page 65




Management Company

Franklin Templeton Investment Funds

Broward Financial Centre

500 East Broward Blvd Ste 2100

Fort Lauderdale, FL 33394-3091

800-321-8563

Ticker

Std Min Investment


Sub-Advisor

TFESX

None

$50,000.00

$20.03

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Cindy Sweeting,Peter Nori

11 Yr(s)

09/18/2006

International Stock

$6,467.5 Million

109

10.33

Expense Ratio 0.95%


Since

Incept.

Quarter


Year

to Date

1

Month


8.44 5.30 5.36 5.36 -8.00 1.56 n/a n/aBenchmark

Templeton Instl Foreign Eq Ser Service Russell Developed Large Cap Value ex

N.A.



index: Russell Developed Large Cap Value ex N.A.

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

0.54 0.92

0.99 26.72


-8%-6%-4%-2%0%2%4%6%8%

10%


93.50%

6.50%

Equity

Cash








-10.84 -4.51Templeton Instl Foreign Eq Ser Service -15.24 -20.20 -13.57 25.63 21.27 1.36 -0.62 -11.53 15.14 5.30

-8.71 -3.88Russell Developed Large Cap Value ex N.A. -19.09 -21.57 -14.91 28.09 21.18 0.50 1.02 -15.03 16.56 5.30

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Telefonica, S.A. ADR 2.33%

Novartis AG 2.27%

Housing Development Finance Corporation Ltd. 2.00%

Unilever NV 1.96%

DBS Group Holdings, Ltd. 1.92%

Siemens AG 1.91%

Samsung Electronics Co Ltd 1.84%

Sanofi-Aventis 1.78%

GlaxoSmithKline PLC 1.74%

Telenor ASA 1.68%



Financial ServicesTelecommunication

EnergyMaterials

Consumer GoodsHealth Care

HardwareBusiness Services

UtilitiesMedia

SoftwareConsumer Services

19.77%15.03%

11.24%11.20%

8.97%8.46%

4.38%4.01%

3.06%2.08%2.04%

1.44%


0K

2K

4K

6K

8K

10K

12K

14K

3Q06

3Q07

3Q08

3Q09

3Q10



Value ex N.A.

Templeton Instl Foreign Eq

Ser Service

$10,863.60 $9,242.25





Page 66




Management Company

Thornburg

2300 North Ridgetop Road

Santa Fe, NM 87506-8361

800-847-0200

Ticker

Std Min Investment


Sub-Advisor

TIVRX

None

$0.00

$28.60

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Lei Wang,William Fries

12 Yr(s)

02/01/2005

International Stock

$24,019.5 Million

92

22.00

Expense Ratio 0.99%


Since

Incept.

Quarter


Year

to Date

1

Month


8.25 6.68 8.39 8.39 -6.64 2.91 3.80 n/aBenchmark

Thornburg International Value R5 Russell Developed Large Cap ex N.A.



index: Russell Developed Large Cap ex N.A.

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

0.92 0.86

0.98 23.56


-8%

-4%

0%

4%

8%

12%

16%


93.69%

5.72%

0.59%

Equity

Cash

Fixed








-10.64 -2.52Thornburg International Value R5 -17.02 -19.34 -10.51 22.81 15.51 3.90 1.87 -9.18 14.28 7.89

-8.60 -2.66Russell Developed Large Cap ex N.A. -20.78 -20.34 -13.52 25.88 20.14 2.25 1.00 -13.93 16.87 6.68

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Volkswagen AG 2.74%

Novo Nordisk A/S ADR 2.49%

Novartis AG ADR 2.41%

Hong Kong Exchanges and Clearing Ltd. 2.38%

LVMH Moet Hennessy Louis Vuitton SA 2.37%

Teva Pharmaceutical Industries, Ltd. ADR 2.34%

Komatsu Ltd. 2.29%

Sap AG ADR 2.25%

British American Tobacco PLC ADR 2.18%

Tesco PLC 2.14%



Financial ServicesConsumer Goods

MaterialsHealth Care

Consumer ServicesEnergyMedia

TelecommunicationSoftware

HardwareBusiness Services

Municipal

18.97%15.05%

14.19%11.62%

8.62%7.84%

4.09%3.25%3.08%3.00%

2.20%0.59%


0K

4K

8K

12K

16K

20K

1Q05

1Q06

1Q07

1Q08

1Q09

1Q10



ex N.A.

Thornburg International Value

R5

$16,740.49 $13,096.00





Page 67




Management Company

Vanguard

Po Box 2600

V26

Valley Forge, PA 19482

800-662-7447

Ticker

Std Min Investment


Sub-Advisor

VMMXX

None

$3,000.00

$1.00

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


David Glocke

12 Yr(s)

06/04/1975

Cash

$109,337.5 Million

294

Expense Ratio 0.23%


Since

Incept.

Quarter


Year

to Date

1

Month


0.02 0.04 0.13 0.13 0.79 2.43 2.38 n/aBenchmark

Vanguard Prime Money Market Inv T-Bills - 3 Month



index: T-Bills - 3 Month

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

0.32 0.00

0.77 0.37


0%

1%

2%

3%

4%

5%

6%


93.77%

6.23%

Cash

Fixed








0.96 0.59Vanguard Prime Money Market Inv 0.56 0.64 0.33 0.11 0.06 0.03 0.01 0.01 0.03 0.02

0.88 0.31T-Bills - 3 Month 0.63 0.22 0.05 0.05 0.07 0.04 0.01 0.04 0.04 0.04

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



Federal Home Loan Mortgage Corp. 3.01%

Federal National Mortgage Assn. 2.78%

United States Treasury Bill0.160%–0.240% 2.60%

Federal Home Loan Mortgage Corp. 2.30%

Cash & Cash Equivalents 2.23%

United States Treasury Bill 2.04%

Federal National Mortgage Assn. 1.85%

FHLB 0.25% 1.62%

FHLB 0.25% 1.62%

United States Treasury Bill 1.50%


Quality Analysis

Data is currently not available

0K

2K

4K

6K

8K

10K

12K

14K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


T-Bills - 3 MonthVanguard Prime Money

Market Inv

$12,684.99 $12,656.45





Page 68




Management Company

Victory

Victory Portfolios

3435 Stelzer Rd, Suite 1000

Columbus, OH 43219

800-539-3863

Ticker

Std Min Investment


Sub-Advisor

GGIFX

None

$2,500.00

$11.58

Fund Manager

Fund Manager Tenure

Inception Date

Asset Type

Share Class Assets

# of Securities


Heidi Adelman

4 Yr(s)

09/16/1987

Taxable Bond

$645.2 Million

763

55.00

Expense Ratio 1.00%


Since

Incept.

Quarter


Year

to Date

1

Month

-0.75 -0.07 6.52 6.52 5.97 5.59 4.78 6.50Fund Total Return

-0.19 -0.15 2.40 2.40 3.26 4.19 3.95 n/aBenchmark

Victory Fund for Income R Barclays 1-3 Year Treasury



index: Barclays 1-3 Year Treasury

A lpha measu res a


performance due to




index.



market movements in













dispersion of these


Alpha: Beta:

R-Squared: Std Dev:

4.04 0.44

0.45 2.51


-1%0%1%2%3%4%5%6%7%


96.22%

3.78%

Fixed

Cash








2.81 -0.53Victory Fund for Income R 0.78 2.22 1.35 1.52 2.28 0.78 1.61 2.08 2.77 -0.07

3.07 -0.96Barclays 1-3 Year Treasury 1.70 2.75 0.14 -0.14 0.78 0.03 0.70 1.20 0.64 -0.15

1Q08 2Q08 3Q08 4Q08 1Q09 2Q09 3Q09 1Q10 2Q10 3Q10 4Q10


4Q09



United States Treas Bds 11.25% 26.82%

GNMA 8% 4.89%

GNMA 8% 3.27%

GNMA 7.5% 3.05%

GNMA 8.5% 2.48%

GNMA 8% 2.44%

GNMA 6.5% 2.37%

GNMA CMO 7% 2.18%

GNMA CMO 2.16%

GNMA CMO 7% 2.16%



AAA Bonds 100.00%0K2K4K6K8K

10K12K14K16K

4Q00

4Q01

4Q02

4Q03

4Q04

4Q05

4Q06

4Q07

4Q08

4Q09

4Q10


Barclays 1-3 Year TreasuryVictory Fund for Income R

$15,953.00 $14,728.08





Page 69

Section V | Glossary

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Glossary: Classification Definitions

A fund’s classification is determined by a review of portfolio holdings and

associated fundamental financial characteristics. A fund is first assigned a

market capitalization of small-, mid-, multi-, or large-. Then it is assigned a

style of core, growth or value.

Domestic Equity

Domestic equity funds are subdivided into classifications based on market

capitalization and style.

Large Cap Funds invest at least 75% of their equity assets in

companies with market capitalizations greater than 300% of the

dollar-weighted median market capitalization of the middle 1000

securities of the S&P SuperComposite 1500 Index.

Mid Cap Funds invest at least 75% of their equity assets in

companies with market capitalizations less than 300% of the

dollar-weighted median market capitalization of the middle 1000


Small Cap Funds invest at least 75% of their equity assets in

companies with market capitalizations less than 350% of the

dollar-weighted median of the smallest 500 of the middle 1,000


Multi-Cap Funds invest in a variety of market capitalization ranges

without concentrating 75% of their equity assets in any one market

capitalization range over an extended period of time.

Domestic Equity funds are then subdivided further according to style

characteristics using price-to-earnings ratio, price-to-book ratio, and

three-year sales-per-share growth:

Growth Funds typically have an above-average price-to-earnings

ratio, price-to-book ratio, and three-year sales-per-share growth value,

compared to the index.

Core Funds typically have an average price-to-earnings ratio,

price-to-book ratio, and three-year sales-per-share growth value,


Value Funds typically have a below-average price-to-earnings ratio,

price-to-book ratio, and three-year sales-per-share growth value,


Domestic Equity also includes the following specialized equity

classifications:

Index Funds are passively managed and commit by prospectus

language to replicate the performance of the Index, including

reinvested dividends. In addition Index objective funds have limited

expenses (with advisor fees no higher than 0.50%).

Balanced Fund

Balanced Equity Funds invest a portion of their assets in equities and the

balance in bonds, cash and cash equivalents.

World Equity

World Equity Funds are broadly divided as either global or international and

then further subdivided by market capitalization and style characteristics.

Global Funds invest their equity assets in companies both inside and

outside of the U.S.

International Funds invest at least 75% of their equity asset in

companies strictly outside of the U.S.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Fixed Income

Fixed Income funds include domestic and global taxable and tax -exempt

fixed income funds and are classified by dollar-weighted average maturities

and type of security.

Short Obligation Funds invest their assets in investment-grade debt

issues and maintain portfolio dollar-weighted average maturities

between 91 days and 365 days.

Short/Intermediate-Term U.S. Treasury and Government Funds

invest their assets in U.S. Treasury bills, notes, securities issued or

guaranteed by the U.S. Government, and its agencies, with

dollar-weighted average maturities of less than three years.

Intermediate U.S. Government Funds invest their assets in

securities issued or guaranteed by the U.S. Government, and its

agencies, with dollar-weighted average maturities of five to ten years.

Cash/Cash Equivalent

Money Market funds invest in high quality financial instruments rated in the

top two grades with dollar-weighted average maturities of less than 90 days.

These funds intend to keep a constant net asset value.

Money Market funds invest in U.S. Treasury obligations; financial

instruments issued or guaranteed by the U.S. Government, its

agencies, or other financial instruments.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Glossary: Data Definitions

A

Actual Contribution Percentage (ACP) - In a 401k plan, this is the result of the

average of ratios of combined contributions to compensation for both highly

compensated and non-highly compensated employees. Each employee’s ratio is

calculated and then averaged for the group.

Actual Deferral Percentage (ADP) - This is the proportion of a plan participant’s

compensation that is contributed to a 401k plan as an employee elective deferral.

Alpha - Refers to the difference between an asset’s actual return over a specified

period versus the expected return using its volatility relative to the market. A higher

alpha is better than a lower alpha, since it indicates added value for a given level of

risk.

Annualized Return - This is the average annual compound return including the

reinvestment of all income and capital gains distributions for a time period greater than

one year.

Asset Allocation - Dividing your investment portfolio among the major asset

categories. The most important decision you will make.

Automatic Enrollment - The practice of enrolling all eligible employees in a plan and

beginning participant deferrals without requiring the employees to submit a request to

participate. Plan design specifies how these automatic deferrals will be invested.

Employees who do not want to make deferrals to the plan must actively file a request

to be excluded from the plan. Participants can generally change the amount of pay

that is deferred and how it is invested.

B

Benchmark - This is the index against which a fund is compared.

Beta - A measure of a stock's risk relative to the market, usually the Standard & Poor's

500 index. The market's beta is always 1.0; a beta higher than 1.0 indicates that, on

average, when the market rises, the stock will rise to a greater extent and when the

market falls, the stock will fall to a greater extent. Betas lower than 1.0 indicates that,

on average, the stock will move to a lesser extent than the market. The higher the

beta, the greater the risk.

C

Catch-up Provision - A provision found in some 401k plans that allows an eligible

employee who is at least age 50 to make higher annual contributions in the years prior

to retirement.

Collective Trust Fund - Work and act much like a mutual fund. Collective trust (also

known as a common trust fund) funds offer investors many of the same benefits as

mutual funds, such as portfolio diversification, professional management and

investment flexibility. But since collective funds do not impose the same administrative

fees and do not have some of the regulatory requirements that mutual funds do, they

generally have lower operating expenses.

Custodian - The bank or trust company that maintains a retirement plan's assets,

including its portfolio of securities or some record of them. Provides safekeeping of

securities, but has no role in portfolio management.

Cyclical industry - An industry, such as automobiles, whose performance is closely

tied to the condition of the general economy. The company (and their stock) do well

during good economic times, and not as well during poor economic times.

D

Defined Benefit - A defined benefit plan is an employer maintained plan that pays out

a specific, pre-determined amount to retirees. Defined benefit plans are guaranteed by

PBGC.

Defined Contribution - A defined contribution plan does not promise a specific

benefit at retirement, but does provide regular, set contributions to a pension fund.

Defined contribution plans tend to be less expensive than defined benefit plans.

Discrimination Testing - All tax qualified retirement plans must be administered in

compliance with several regulations to meet Internal Revenue Service guidelines;

every tax qualified retirement plan (like a 401k) must pass a series of numerical

measurements each year. These include the ADP Test (Actual Deferral Percentage),

ACP Test (Actual Contribution Percentage), Multiple Use Test and Top-heavy Test.

Typically, doing these tests is called discrimination testing.

Dow Jones Industrial Average (DJIA) - Price-weighted average of 30 actively traded

blue-chip stocks, traditionally of industrial companies.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



E

ERISA - Employee Retirement Income Security Act. ERISA, passed in 1974, is a

comprehensive package dealing with all areas of pensions and employee benefits.

ERISA includes requirements on pension disclosure, participation standards, vesting

rules, funding, and administration. ERISA also mandated the creation of PBGC.

Expense Ratio - The ratio of total expenses to net assets of a mutual fund. Expenses

include management fees, 12(b)1 charges, if any, the cost of shareholder mailings

and other administrative expenses. The ratio is listed in a fund's prospectus. Expense

ratios may be a function of a fund's size rather than of its success in controlling

expenses.

F

404(c) - Optional regulation on plan sponsor to provide certain information and fund

choices so plan participants can make informed decisions about their retirement plan

investments.

Fiduciary - An individual or an institution charged with the duty of acting for the benefit

of another party as to matters coming within the scope of the relationship between

them. The relationship between a guardian and his ward, an agent and his principal,

an attorney and his client, one partner and another partner, a trustee and a

beneficiary, a person who exercises discretionary control or authority over

management of a benefit plan, each is an example of fiduciary relationship.

H

Highly Compensated Employee - A Highly Compensated Employees (HCE) is an

employee who received more than $90,000 ($85,000 in 2001) in compensation during

the last plan year OR is a 5% owner in the company.

M

Mutual Fund - An open-end investment company that buys back or redeems its

shares at current net asset value. Most mutual funds continuously offer new shares to

investors.

N

Net Asset Value (NAV) - The current market worth of a mutual fund share. Calculated

daily by taking the funds total assets securities, cash and any accrued earnings

deducting liabilities, and dividing the remainder by the number of shares outstanding.

Non-Highly Compensated Employee (NHCE) - This group of employees is

determined on the basis of compensation or ownership interest. See Highly

Compensated Employees.

Non-Qualified Deferred Compensation Plan - A plan subject to tax, in which the

assets of certain employees (usually Highly Compensated Employees) are deferred.

These funds may be reached by an employer’s creditors.

P

Plan Administrator - The individual, group or corporation named in the plan

document as responsible for day to day operations. The plan sponsor is generally the

plan administrator if no other entity is named.

Plan Sponsor - The entity (generally the employer) responsible for establishing and

maintaining the plan.

Plan Vendor - Companies that administer, service and/or sell 401k plans. They are

generally employed by the plan sponsor.

Profit sharing plan - A defined contribution pension plan that uses a variable level of

contributions based on company profits. Profit sharing plans allow firms to limit

allocations to a pension fund in lean years. However, they suffer from lower maximum

deduction limits than standard plans.

Q

Qualified Domestic Relations Order (QDRO) - A judgment, decree or order that

creates or recognizes an alternate payee’s (such as former spouse, child, etc.) right to

receive all or a portion of a participant’s retirement plan benefits.

R

R-squared - A measure of the strength of association between fund performance and

benchmark performance.

Rollover - An employee's transfer of retirement funds from one retirement plan to

another plan of the same type or to an IRA without incurring a tax liability. The transfer

must be made within 60 days of receiving a cash distribution. The law requires 20

percent federal income tax withholding on money eligible for rollover if it is not moved

directly to the second plan or an investment company.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



S

Salary Reduction Plan (Cash or Deferred Arrangement) - A CODA is a defined

contribution plan that allows participants to have a portion of their compensation

(otherwise payable in cash) contributed pre-tax to a retirement account on their behalf.

They include 401k, 403b and 457 plans.

Sharpe Ratio - This is a measure of reward-to-risk trade-off. It is calculated as the

average of excess returns over the standard deviation of excess returns. A higher

Sharpe ratio indicates better performance on risk-adjusted basis.

SPD - Summary Plan Description for ERISA employee benefit plans. ERISA requires a

Summary Plan Description (SPD) be distributed to each plan participant and to each

beneficiary receiving benefits under the plan as follows: For existing plans, a new

participant must receive a copy of the SPD within 90 days after becoming a

participant, and a beneficiary must receive a copy within 90 days after first receiving

benefits.

Standard & Poor's 500 Index - An index of 500 major U.S. corporations. It is a

broad-based measurement of changes in stock market conditions based on the

average performance of 500 widely held common stocks. The index tracks industrial,

transportation, financial, and utility stocks. The composition of the 500 stocks is

flexible and the number of issues in each sector vary

Standard Deviation - This is a statistical measure of the potential for volatility of a

fund’s returns. When a fund has a high standard deviation, its range of performance

has varied widely from its mean total return. Ninety-five percent of the time, a fund’s

total returns should be within a range of plus or minus two standard deviations from its

mean.

T

Total Return - The percentage change of the investment in a fund from the beginning

to the end of a period with both capital gain and income distributions reinvested.

Multi-year return data are annualized.

12(b)1 Fees - A plan that permits a fund to pay some or all of the costs of distributing

its shares to the public. Some of these plans provide for payment of specific expenses,

such as advertising, sales literature and dealer incentives. Others are simply intended

to protect the fund against possible claims that certain operating expenses, such as

administrative or advisory costs, constitute indirect forms of distribution expenses.

Both load and no-load funds may adopt 12(b)1 plans. They are not hidden charges,

but are clearly explained in the fund's prospectus and in its semi-annual and annual

reports. Many funds have 12(b)1 plans that have not been activated. The majority of

such plans have maximum annual charges of 0.25% (one quarter of 1%). 12(b)1

charges are included in the total expense ratio figures which are provided in a fund's

literature. Some fund's expense ratios, including management fee and 12(b)1 charges,

may be lower than the ratios of funds that do not have 12(b)1 plans.

Trust - A fiduciary relationship in which one person (the trustee) is the holder of the

legal title to property (the trust property) subject to an equitable obligation (an

obligation enforceable in a court of equity) to keep or use the property for the benefit of

another person (the beneficiary).

V

Vesting - The period of time an employee must work at a firm before gaining access

to employer-contributed pension income. For 401k plans, employee contributions are

immediately vested, but employer contributions may be vested over a period of several

years.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010


Section VI | Disclosures

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



Disclosure Page

This report has been compiled by Prima Capital Management, Inc. (Prima) and is provided by its affiliates, Matrix Settlement and Clearance Services, LLC (MSCS) and MSCS Financial

Services, LLC (MSCSFS), member FINRA and is not for distribution to plan participants. Securities services may be offered through MSCSFS, a wholly owned subsidiary of MSCS. This

report is for informational and research purposes only and we do not guarantee the accuracy, timeliness or completeness of the information provided. Data is based on information collected

from respective mutual funds, it is updated as of the date shown in the section’s title, and will vary over time.

You should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. This and other information is contained in the Fund's Prospectus, which

can be obtained by contacting the respective mutual fund. The phone number for the mutual fund company can be found in of this report. You should read the Prospectus carefully before

choosing a Fund.

The performance information contained herein represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment

will fluctuate so that your investment, when redeemed, may be worth more or less than the performance data quoted. Current performance may be higher or lower than then performance

shown here. The most recent month-end performance information for the Fund may be obtained by contacting the mutual fund company. The phone number for the mutual fund company

can be found in of this report.

The scorecards are provided by Prima Capital and should not be considered investment advice. The scorecard has been provided to assist the recipient assess the various Funds included in

the Plan. The Fund scorecard is not a recommendation to buy or sell any Fund.

The total return information does not reflect the deduction of the Sales Load that may apply if the Fund shares were purchased outside of the Plan and, if the Sales Load were reflected,

performance would be lower.

A market index is an unmanaged portfolio of securities such as stocks and bonds. An index is often used as a comparative benchmark for managed portfolios such as mutual funds. These

indices are presented to help you evaluate the performance of the broad market which they represent, and provide you with an understanding of that market ’s historic long-term performance,

and a broad indication of price movement. Individual investors cannot invest directly in an index. Past performance is not indicative of future results.

Russell Investment Group is the source and owner of the Russell Index data contained or reflected in this material and all trademarks and copyrights related thereto. The presentation may

contain confidential information and unauthorized use, disclosure, copying, dissemination or redistribution is strictly prohibited. This is a presentation of Prima. Russell Investment Group is

not responsible for the formatting or configuration of this material or for any inaccuracy in Prima's presentation thereof.

The preceding Standard & Poor's material and information is Copyright © 2008, Standard & Poor’s, a division of The McGraw-Hill Companies, Inc. All Rights Reserved.

The Dow Jones Indexes(SM) are calculated, distributed and marketed by Dow Jones & Company, Inc. pursuant to an agreement between Dow Jones and have been licensed for use. All

content of the Dow Jones Indexes(SM), 2008 Dow Jones & Company, Inc. & Associates Incorporated.

The preceding Barclays Capital material is Copyright © 2008, Barclays Bank PLC.

ABC Company Plan

Planillustrator

For the period 01/01/2010 to 12/31/2010



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Planillustrator - AscensusDefault Investment Option: Yes Yes No 6YrGraded Monthly ... [email protected] (248) 734-1500 The preceding summary of plan terms is provided for quick