Rollins College Retirement Plan

Transition Infosessions

January 2020

Agenda

HOW DID WE GET HERE?

WHAT’S NEXT?HOW DOES THIS IMPACT YOU?

MEET VOYA

Matt Hawks*AVP, HR and Risk Management

Sharon Agee Instructor of Accounting, CLA

Sharon CarnahanExecutive Director, CDC & Student Research Center and Professor of Psychology

Steve BookerAVP & Director, Financial Aid

Halil KiymazProfessor, Crummer

Ed Kania*Vice President and Treasurer

Maria MartinezRetired Staff Representative

Deborah ProsserDirector, Olin Library

J. Clay Singleton Retired Faculty Representative

Jay ZajanProperty Accountant, Finance

Lauren Mickler*Asst. Director Benefits & Wellbeing

*Ex-Officio

Rick Harris*Principal,Cerity Partners

Jennifer Addleman* Director, Benefits & Wellbeing

Retirement Plan Advisory Committee

How did we get here?November 2018

• Fiduciary best practice• Performance• Survey• Request for Information

(RFI)

REVIEW OF CURRENT PLAN RECORDKEEPER

July 2019

• 7 proposals• 3 finalists (AIG, TIAA,

Voya)• Voya site visit • Unanimous choice - Voya

RFP FOR PLAN RECORDKEEPER

December 2019

• Implementation kick off• Plan analysis• Communications strategy • Information sessions

IMPLEMENTATION OF NEW RECORDKEEPER

• Open investment platform to accommodate Rollins fund line up

• Minimize conflict of interest• Reasonable fees and expenses• Exceptional plan sponsor administrative services • Excellent service and education provided to plan

participants• Strong record keeping and compliance practices

RFP KEY CRITERIA

How will this change impact you?What’s staying

the same?Rollins Retirement Plan

and Plan rules

Oversight by Rollins Retirement Plan Advisory Committee

Rollins contributions (7% + 4.5% match)

Rollins Retirement Plan funds

Expectation of high quality education and service

Monthly opportunity for one-on-ones

What’s changing?

Plan recordkeeper to Voya

Upgraded model portfolios

New participant web portal with enhanced features

New customer service phone number

Enhanced on-site advisor services

Reduced Plan fees

What funds are available in the Plan?DOMESTIC EQUITY

Large Cap Value Vanguard Value IndexVanguard Windsor II

Large Cap Blend Vanguard Total Stock Market IndexOppenheimer (Invesco) Main Street I

Large Cap Growth Vanguard Growth Index T. Rowe Price Growth Stock

Small Cap Value Vanguard Small Cap Value IndexAmerican Beacon Small Cap Value - Inst

Small Cap Blend Vanguard Small Cap Index DFA U.S. Small Cap

Small Cap Growth Vanguard Small Cap Growth IndexClearBridget Small Cap Growth

INTERNATIONAL EQUITY

Foreign Large Blend

Vanguard Developed Markets IndexFederated International Leaders R6

Diversified Emerging Markets

Vanguard Emerging Markets Stock Index Driehaus Emerging Markets Growth

ALTERNATIVES

Global Real Estate DFA Global Real Estate Sec I

FIXED INCOME

Long Term Bond Vanguard Long-Term Treasury Delaware Extended Duration Bond

Short Term Bond Wells Fargo Short Duration Gov BondPrudential (PGIM) Short-Term Corp Bond

Inflation Protected Bond Vanguard Inflation Protected Securities

CASH EQUIVALENT

Stable Value Standard Stable Asset Fund II

ESG/SRI

Large Cap Blend Parnassus Equity Income – Inst

Short Term Bond Calvert Short Duration Income

SELF-DIRECTED OPTION

Schwab Self-Directed Brokerage Account

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The Rollins College Retirement Plan Transition

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Our Mission – Simple and Clear

To make a secure financial future possible –one person, one family, one institution at a time

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Digital solutions- Data includes retirement plan sponsored business as of 12/31/2018, 7.1% vs. 9.0%

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1 Centers for Disease Control and Prevention, Prevalence of Disabilities and Health Care Access by Disability Status and Type Among Adults – United States, Morb. Mortal Weekly Report, 2016. 2 U.S. Department of Health and Human Services. Caregiver Resources & Long-Term Care, 2017. 3 U.S. Census Bureau data and respondents’ self-identification, 2016. 4 National Alliance for Caregiving and AARP: Caregiving in the U.S., 2015 5 Transamerica Institute’s Inaugural Study of Caregivers, September 2017. 5 Age Wave/Merrill Lynch. The Journey of Caregiving: Honor, Responsibility and Financial Complexity. (2017). 6 Transamerica Institute’s Inaugural Study of Caregivers, September 2017. 7 Family Caregiver Alliance: Caregiver Statistics: Work and Caregiving, 2016.

21% of caregivershave taken a loan, hardship and/or early withdrawal from retirement accounts.5

Family caregivers spend up to32 hoursper week coordinating care.5

105 millionpeople have friends and family with disabilities3

Only 56% of caregiversspeak to their supervisors abouttheir responsibilities4

9 out of 10 caregiversreceive little or no financial support7

1 in 5 Americans– nearly 66 million - assist with caregiving2

an estimated 61.4 million people — report having a disability1

Americans

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Behavioral finance research

Data security and usage

Alignment of interests

52 yearsExperience

1,508Higher Education plans

27 yearsAverage higher education client tenure

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Your Voya Team

Kellie DesrosiersStrategic Relationship Manager

Eddie CorbettOn-site Education Advisor

Keista RansomOn-site Education Team

Maria WilderOn-site Education Team

Vern and Val VoyaFox Day Consultants

Participant ServicesCall Center

Customer Care SpecialistsAccount Consolidation Team

Cheryl Fetzner, Rollover Specialist

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Eddie CorbettLocal On-site Advisor

Winter Park Office

Personal service throughout the year

Group Education Meetings and Ability to Schedule One-on-One Meetings

on Campus and at our Local Office

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Tools at your fingertipsCustom Retirement Plan Web site and Toll-Free Line

• Plan updates and important messages

• Schedule advisor appointments

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Tools at your fingertips

• Estimated Income in Retirement• Social Security Benefits modeling

Important: The illustrations or other information generated by the calculators are hypothetical in nature, do not reflect actual investment results, and are not guarantees of future results. This information does not serve, either directly or indirectly, as legal, financial or tax advice and you should always consult a qualified professional legal, financial and/or tax advisor when making decisions related to your individual situation.

Transactional Mobile Web Site

• In-Plan Advice – Online and Toll-Free Access• Healthcare in Retirement Expense Modeling

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Milestones

STRATEGY & IMPLEMENTATIONLINE

ONGOING SUPPORT & EDUCATIONLINE

• Monthly on-site advisor meetings• Voya Learn: online on-demand training sessions• Text messaging• eStatements

• Call Center available for general questions: April• Transamerica assets transfer: May• Call Center available for plan questions: May• Website tools available: May• On-site advisor support: May

DECISION & ANNOUNCEMENTLINE

TRANSITION & GO LIVELINE

• Committee decision: December• Notification to Voya & Transamerica: December• Announcement to faculty, staff, retirees &

terminated employees: December

• Implementation kick-off: December• Information sessions: January 27/28• Benefits Expo: February 6• Transition Newsletter: April• On-site meetings: April

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We are excited about our new partnership!

Fiat Lux