SAVE Act of 2011

Proposals to expand retirement plan coverage, including proposals to reform the multiple employer plan rules. Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs and creation of new qualified retirement plans for small business. Issues related to tax incentives for retirement savings. Issues related to the Department of Labor's proposed regulation defining fiduciary. S. 267/H.R. 677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act. Qualified plan issues. Issues related to EPCRS. Tax incentives for 457 plans. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Application of the Volcker rule to insurance company general accounts. Proposals that would consolidate various retirement and IRA types. Proposals related to annuity incentives. Issues related to use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 8: American Tax Payer Relief Act of 2012 Title 1 Prevent tax changes to qualified retirement savings plans H.R.1534 : SAVE Act of 2011 (Sec. 13 and 14) (Multiple small employer plans; treatment of multiple 401k plans.) H.R. 2656: Pension Technical Modifications Act whole bill (Protecting RS Plan from increased cost.) H.R. 3561 : Small Business Pension Promotion Act of 2011 (sec. 7) Definition of Normal Retirement Age. S. 145: Older Worker Opportunity Act of 2011 (Entire Bill, Sec. 1-2, retirement plan tax implications.) To promote labor force participation of older Americans, with the goals of increasing retirement security, reducing the projected shortage of experienced workers, maintaining future economic growth, and improving the Nation's fiscal outlook. S. 439: Deficit Reduction and Budget Reform Act of 2011 (Title VIII, tax benefit / retirement issues, Community Living Assistance Services and Supports, CLASS, Program.)

Client expense: $590,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $910,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $907,947 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Issues related to retirement security including retirement plan standards and savings initiatives, the DOL ERISA fiduciary standard, and lifetime income opportunities. HR 1534 Small Business Add Value for Employees Act of 2011 (SAVE Act)--voluntary auto-IRAs. S 1557 Automatic IRA Act of 2011--voluntary IRAs and multiple employer plans. HR 3656 The Retirement Savings Security Act--401(k) loans. HR 4050 Retirement Plan Simplification and Enhancement Act--strengthen multiple employer plans, improve the administration of J&S annuity rules and other annuity improvements. H Con Res 101 Resolution on Retirement Savings Incentives--expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S 1211 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act--borrowing limits on 401(k) plans. HR 3482 Tax Crimes and Identity Theft Protection Act--DMF data restrictions. HR 3215 / S 1534 Identity Theft and Tax Fraud Prevention Act--DMF data restrictions. HR 677 / S 267 The Lifetime Disclosure Acts--all provisions. S 1813 Moving Ahead for Progress in the 21st Century (MAP-21)--retirement plan distribution and life settlement reporting provisions. HR 1534 The SAVE Act of 2011.

Client expense: $220,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 677 - The Lifetime Income Disclosure Act; entire bill H.R. 1534 Small Businesses Add Value for Employees (SAVE) Act; entire bill H.R. 3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill H.R. 3561 Small Business Pension Promotion Act of 2011; entire bill H.R. 4049 Automatic IRA Act; entire bill H.R. 4050 Retirement Simplification and Enhancement Act; entire bill S. 267 - Lifetime Income Disclosure Act; entire bill S. 1020 The Savings Enhancement by Alleviating Leakage in 401(k) Savings Act; entire bill S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill S. 1557 Automatic IRA Act of 2011; entire bill S. 2132 Highway Investment, Job Creation, and Economic Growth Act of 2012; provisions relating to pension funding and inherited IRAs S. 2252 Rebuild America Act; entire bill Department of Labors proposed rule modifying the definition of ERISA fiduciary and its implications for the provision of advice on qualified retirement savings Department of Labors 408(b)(2) rules and accompanying Q&As as they impact 401(k) brokerage windows. Role retirement savings tax incentives play in assuring coverage of diverse workforces and long-term economic benefits

Client expense: $380,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs, and creation of new qualified retirement plans for small business, including H.R. 1534, Small Businesses Add Value for Employees Act (see attached addendum page) Proposal related to stemming leakage from retirement plans through reform of plan loan rules, including, S. 1121/H.R. 3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act Issues related to tax incentives for retirement savings Issues related to the effect of the Department of Labors fiduciary definition regulation Issues related to employee benefit plan administration and electronic delivery of ERISA-mandated statements and disclosures Consolidation of ERISA-required notices Issues related to Department of Labor defined contribution plan fee disclosure regulations H.R. 4050, Retirement Plan Simplification and Enhancement Act Issues related to retirement target date funds Issues related to the USA Retirement Funds proposal (Senator Harkin) Issues related to delivery of investment advice Issues related to potential Treasury guidance on 401(k) plan design features

Client expense: $610,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

HR 677/S267- would require 401(k) plan sponsors to inform participating workers of the projected monthly income they could expect at retirement based on their current account balance. DOL proposed rules to amend the definition of fiduciary, and FAB that include Q&A30 relating to brokerage windonws HR. 1534: Amends Internal Revenue Code provisions relating to employer-established simple individual retirement accounts (IRAs) to: (1) repeal certain restrictions on rollovers from simple IRAs, (2) allow employers to elect to terminate qualified salary reduction arrangements at any time during the year, (3) repeal the enhanced 25% penalty on premature withdrawals made from simple IRAs within the first two plan years, (4) allow additional nonelective employer contributions to simple IRAs, (5) establish automatic deferral IRAs, (6) allow a transfer of unused balances in flexible spending arrangements to a qualified retirement or eligible deferred compensation plan, (7) increase the tax credit for small employer pension plan startup costs, and (8) establish multiple small employer retirement plans that provide for automatic employee contributions H.R.4049: Automatic IRA Act of 2012 - would require all employers that employ more than 10 employees, who do not sponsor a qualified retirement plan to automatically enroll their employees at 3% of pay into a payroll deduct IRA. H.R.4050: Retirement Plan Simplification and Enhancement Act of 2012 the bill would permit all required ERISA disclosures to be made available in an electronic manner (following advanced notice and with the right to opt out). H.CON.RES.101 : Expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S. 1020: To amend the Internal Revenue Code of 1986 to modify the rules relating to loans made from a qualified employer plan. S.1557 the Automatic IRA Act of 2011 Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualified retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation, (2) require the Secretary of the Treasury to provide employers with a model notice for notifying employees of automatic IRS arrangements and to establish a program to assist employers in the implementation of such arrangements, (3) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing an automatic IRA arrangement, (4) impose a penalty on employers who fail to provide eligible employees access to automatic IRA arrangements, and (5) increase the tax credit for small employer pension plan start-up costs. S. 1813: Highway Investment, Job Creation and Economic Growth Act of 2012 - defined benefit plan Funding Stabilization proposal which generates $9.5 billion in revenue. S.CON.RES.62: A concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement.

Client expense: $394,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs, and creation of new qualified retirement plans for small business, including H.R.1534, Small Businesses Add Value for Employees Act. Proposals related to stemming leakage from retirement plans through reform of plan loan rules, including, S.1121/H.R. 3, Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issues related to retirement target date funds. Issues related to tax incentives for retirement savings. Issues related to the effect of the Department of Labor's proposed fiduciary definition. Issues related to employee benefit plan administration and electronic delivery of ERISA-mandated statements and disclosures. Consolidation of ERISA-required notices. H.R. 4050, Retirement Plan Simplification and Enhancement Act.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to tax incentives for retirement savings. Inquiries regarding investment offerings in defined contribution plans. Legislation to expand the employee-sponsored retirement system. Guidance relating to public sector plan design. Proposals relating to IRS relief for disaster victims. S. 267/H.R. 677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act, proposals related to governmental pick up contributions, including H.R. 2934, to clarify the treatment of certain plan contributions picked up by governmental employers. Issues related to lifetime income products in qualified retirement plans. Proposals to increase annuitization within qualified retirement plans. Proposals that would combine various retirement plan and IRA types.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

American Taxpayer Relief Act of 2012 H.R. 8 fiscal cliff, employee benefits provisions Lifetime Income Disclosure Act H.R. 677/S. 267 Financial Services Reform implementation of Dodd-Frank Wall Street Reform and Consumer Protection (Dodd-Frank) Act Burdensome Data Collection Relief Act - H.R. 1062 To Facilitate implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption - H.R. 1573 Swaps Bailout Prevention Act - H.R. 1838 To Improve Consideration by the Commodity Futures Trading Commission of the Costs and Benefits of its Regulations and Orders - H.R. 1840 SEC Regulatory Accountability Act - H.R. 2308 Swap Execution Facility Clarification Act - H.R. 2586 Business Risk Mitigation and Price Stabilization Act of 2011 - H.R. 2682 To exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act - H.R. 2779 Pension Funding/Stabilization - defined benefit pension funding stabilization and related plan issues Pension Technical Modifications Act - H.R. 2656 Retirement Income Protection Act of 2011 - H.R. 3045 Savings Enhancement by Alleviating Leakage in 401 (k) Savings Act (SEAL 401 (k)) Act- H.R. 3287/S. 1020, S. 1121 Moving Ahead for Progress in the 21st Century (MAP-21) Act - S. 1813, S. 2343 - House/Senate passed version - H.R. 4348 (funding stabilization/Stop the Student Loan Interest Rate Hike Act of 2012) Retirement Savings Plan Issues Small Businesses Add Value for Employees Act of 2011 (SAVE Act) - H.R. 1534 Small Business Pension Protection Act of 2011 - H.R. 3561 Retirement Savings Security Act of 2011 - H.R. 3656 Automatic IRA Act of 2011 - S. 1557 Automatic IRA Act of 2012 - H.R. 4049 Retirement Plan Simplification and Enhancement Act - H.R. 4050 Bipartisan Concurrent Resolution (H.CON. RES. 101/S.CON.RES. 62) - tax incentives for retirement savings Worker Classification Issues Employee Misclassification Prevention Act - H.R. 3178/ Payroll Fraud Prevention Act - S. 770 Fair Playing Field Act of 2012 - H.R. 4123/S. 2145 (worker classification) Taxpayer Advocacy and Government Accountability Promotion (TAX GAP) Act - S. 1289 Rebuild America Act - S. 2252 Pension modernization - The Retirement Crisis and a Plan to Solve It - USA Retirement Funds - Senate Health, Education, Labor & Pensions Committee Pension Benefit Guaranty Corporation (PBGC) - premiums, calculation of deficit and related governance issues Investment Advice - defined contribution plans, plan fees, definition of a fiduciary, electronic communication and related issues Distribution of retirement plan assets Nondiscrimination rules applicable to defined benefit (DB) plans Financial Accounting Standards Board (FASB) - retirement plans De-risking - defined benefit (DB) plans Other Issues Tax reform employee benefits issues ERISA Advisory Council 2012 Discussion Topics disability insurance & retirement stability, plan beneficiary designations Hybrid retirement plan designs implementation of the Pension Protection Act (PPA), finalization of proposed regulations Health care provider compensation Internal Revenue Code Section 162 (m) (6) performance-based compensation Foreign bank account reporting, Report of Foreign Bank and Financial Accounts (FBAR) International Accounting Standards Board (IASB) accounting rules for pensions and other post-employment benefits Foreign Account Taxpayer Compliance Act (FATCA) exemption for foreign retirement plans International benefits issues/Puerto Rican plan trust issues Domestic plan asset investment issues Regulation of money market funds Multiemployer plan issues Definition of governmental plans Distribution of retirement plan assets Nondiscrimination rules applicable to defined benefit (DB) plans Financial Accounting Standards Board (FASB) retirement plans De-risking defined benefit (DB) plans

Client expense: $328,952 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), Federal Accounting Standards Advisory Board (FASAB), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

HR 677/S 267: LIFETIME INCOME DISCLOSURE ACT; PROVISIONS RELATED TO ANNUITY ILLUSTRATION H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 4049, AUTOMATIC IRA ACT OF 2012; ALL PROVISIONS. S. 3230, Long Term Care Insurance Integrity Act of 2012, Issue: Consumer protections for Long-term Care. HR 1534: SMALL BUSINESSES ADD VALUE FOR EMPLOYEES (SAVE) ACT OF 2011; PROVISIONS RELATED TO VOLUNTARY AUTO-INDIVIDUAL RETIREMENT ACCOUNTS (IRA) HR 5025: TO AMEND THE PUBLIC HEALTH SERVICE ACT AND THE SOCIAL SECURITY ACT TO EXTEND HEALTH INFORMATION TECHNOLOGY ASSISTANCE ELIGIBILITY TO BEHAVIORAL HEALTH, MENTAL HEALTH, AND SUBSTANCE ABUSE PROFESSIONALS AND FACILITIES, AND FOR OTHER PURPOSES; PROVISIONS RELATED TO THE EXTENSION OF HEALTH INFORMATION TECHNOLOGY ACCOUNTING REQUIREMENTS TO LONG-TERM CARE INSURERS S 1121: SAVINGS ENHANCEMENT BY ALLEVIATING LEAKAGE IN 401(K) SAVINGS ACT OF 2011; PROVISIONS RELATED TO LIMITS BORROWING FROM 401(K) PLANS S 1557: AUTOMATIC IRA ACT OF 2011; Provisions related to voluntary IRAs and multi-employer plans P.L. 110-233 (111th CONGRESS): GENETIC INFORMATION NONDISCRIMINATION ACT OF 2008; PROVISIONS RELATED TO UNDERWRITING RESTRICTIONS ON LONG-TERM CARE INSURANCE H. CON.RES. 101: EXPRESSING THE SENSE OF THE CONGRESS IN SUPPORT OF THE CURRENT SYSTEM OF RETIREMENT SAVINGS TAX INCENTIVES; ALL PROVISIONS. H.R. 4050, RETIREMENT PLAN SIMPLIFICATION AND ENHANCEMENT ACT OF 2012; PROVISIONS RELATED TO MULTIPLE EMPLOYER PLANES, E-DELIVERY, AND ANNUITY REFORMS. H.R. 5025 - the HITECH Extension for Behavioral Health Services Act of 2010Issue: extends health information technology accounting requirements to long-term care insurers. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. S.1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans H.R. 493- Genetic Information Non-Discrimination Act of 2008. Underwriting restrictions on long-term care insurance. H.R. 677/S. 267- The Lifetime Income Disclosures Acts. Issue: Annuity Illustration. H.R. 3656- the Retirement Savings Security Act. Issue: 401(k) plan loans. S. 3226- Americans Giving Care to Elders Act of 2012. Issue: Caregivers Credit. S. 3229- Long-Term Care Insurance Consumer Right to Know Act for 2012. Issue: Third party review of long-term care insurance claims. S. 3230- Long Term Care Insurance Integrity Act of 2012. Consumer protections for Long-term Care. S. 3432 Identity Theft and Tax Fraud Prevention Act. Creation of Death master file. H.R. 6300: Medicaid Long-Term Care Reform Act of 2012. Provisiosn related to Long-term care. HR 8, the Affordable Taxpayers Relief Act of 2012 provisions related to Roth conversion.

Client expense: $570,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals responding to the effect of the stock market decline on retirement savings accounts. Proposals to expand retirement coverage, including proposals to mandate payroll deduction IRAs (not yet in legislative form) Proposals regarding annuitization of assets from defined contribution plans (not yet in legislative form) S 267; HR 677 - "Lifetime Income Disclosure Act" - A lifetime income disclosure shall set forth the annuity equivalent of the total benefits accrued with respect to the participant or beneficiary HR 1534 - "Save Act of 2011" - Reforms Retirement Plan System HR 774- "Senior Investor Protections Act "- To enhance penalties for violations of securities protections that involve targeting seniors Congressional activity surrounding the Department of Labor's proposed regulation to redefine "fiduciary" S. 1020- Savings Act of 2011 Savings Enhancement by alleviating leakage in 401(k) Savings Act of 2011 alleviates leakage in 401(k) plans HR 3561- Small Business Promotion Act - technical corrections and improvements to pension system H. Con. Res. 101 - "Concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement" - Expresses sense of the Congress regarding tax incentives for retirement savings HR 4049 - "Automatic IRA Act of 2012" - regarding automatic IRA arrangements S. 1557 - "Automatic IRA Act of 2011" - regarding automatic IRA arrangements HR 4050 - "Retirement Plan Simplification and Enhancement Act of 2012" - To simplify and enhance qualified retirement plans HR 4348 - "The Surface Transportation Act of 2012"- defined benefit funding relief, transfers of excess pension funding assets S 2123 - "Highway Investment Job Creation & Economic Growth Act of 2012" would stretch IRA provision S 1534 - "Identity Theft & taax Fraud Prevention Act" Death master file limitations HR 3475 - "Keeping ID's Safe Act of 2011" Death master file limitations S 1121 -"Savings Enhancement by Alleviating Leakage in 401(k) Savings Act" - limits borrowng from 401(k) plans-credit insurance HR 3656 -"The Retirement Savings Security Act" - 401(k) plan loans HR 2827/S. 3620 - "Municipal Advisor Regulation" - investment advice regulation HR 6472 -"Saving for American Families Future Act of 2012" - saver's credit expansion HR 2656 - "Pensions Technical Modifications Act" - DB pensions S. Con. Res. 62 - "Concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement" - Expresses sense of the Congress regarding tax incentives for retirement savings

Client expense: $1,340,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS)

See attachment. RET Fourth Quarter Report 2012 H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 493 Genetic Information Non-Discrimination Act of 2008. Issue: Underwriting restrictions on long-term care insurance. H.R. 677/S. 267 The Lifetime Income Disclosure Acts. Issue: Annuity Illustration. H.R. 1534 Small Business Add Value for Employees Act of 2011. Issue: voluntary auto-IRAs. H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 4049 Automatic IRA Act. Issue: mandatory auto-IRAs H.R. 4050 Retirement Plan Simplification and Enhancement Act. Issue: strengthen multiple employer plans, improve the administration of J&S annuity rules, and other annuity improvements. H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans H.R. 6300: Medicaid Long-Term Care Reform Act of 2012. Issue: Long-term care. S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issue: Limits borrowing from 401(k) plans. S. 1557, the Automatic IRA Act of 2011. Issue: voluntary IRAs and Multiple Employer Plans. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. S. Con. Res. 62/ H.Con.Res.101: Resolution on Retirement Savings Incentives. S. 1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products S. 3432 Identity Theft and Tax Fraud Prevention Act. Issue: Death master file.

Client expense: $920,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals related to establishment of discretionary payroll deduction IRAs and creation of new qualified retirement plans for small business. Proposals to reform the multiple employer plan rules. Guidance related to nondiscrimination rules for defined contribution plan annuity investment products. Issues related to tax incentives for retirement savings. H.R. 1534, Small Businesses Add Value for Employees Act. Issues related to lifetime income investment options. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Proposals to consolidate various retirement plan and IRA types.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 493 - Genetic Information Non-Discrimination Act of 2008. Issue: Underwriting restrictions on long-term care insurance. H.R. 677/S. 267 - The Lifetime Income Disclosure Acts. Issue: Annuity Illustration. H.R. 1534 Small Business Add Value for Employees Act of 2011. Issue: voluntary auto-IRAs. S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issue: Limits borrowing from 401(k) plans. S. 1557, the Automatic IRA Act of 2011. Issue: voluntary IRAs and Multiple Employer Plans. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 4049 Automatic IRA Act. Issue: mandatory auto-IRAs H.R. 4050 Retirement Plan Simplification and Enhancement Act. Issue: strengthen multiple employer plans, improve the administration of J&S annuity rules, and other annuity improvements. S. Con. Res. 62/ H.Con.Res.101: Resolution on Retirement Savings Incentives. H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. S.1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans S. 3432 Identity Theft and Tax Fraud Prevention Act. Issue: Death master file. H.R.6300: Medicaid Long-Term Care Reform Act of 2012. Issue: Long-term care.

Client expense: $1,063,984 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues and legislation relating to retirement security, H.R.1534, ERISA

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs, and creation of new qualified retirement plans for small business, including H.R.1534, Small Businesses Add Value for Employees Act (see attached addendum page) Proposals related to stemming leakage from retirement plans through reform of plan loan rules, including, S. 1121 and H.R. 3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act Issues related to tax incentives for retirement savings Issues related to the effect of the Department of Labors fiduciary definition regulation Issues related to employee benefit plan administration and electronic delivery of ERISA-mandated statements and disclosures Consolidation of ERISA-required notices Issues related to Department of Labor defined contribution plan fee disclosure regulations H.R. 4050, Retirement Plan Simplification and Enhancement Act Issues related to retirement target date funds Issues related to delivery of investment advice Issues related to potential Treasury guidance on 401(k) plan design features

Client expense: $500,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 567 (Public Employee Pension Transparency Act); H.R. 1534 (SAVE Act of 2011); S. 347 (Public Employee Pension Transparency Act); DOL ERISA Fiduciary Duty Rulemaking; H.R. 3045 (Retirement Income Protection Act of 2011); H.R. 4049 (Automatic IRA Act of 2012); H.R. 4050 (Retirement Plan Simplification and Enhancement Act of 2012); S.1557 (Automatic IRA Act of 2011); H. Con. Res. 101 (to express benefits of current tax incentives for savings); Partial rollovers; Business Conduct Standards; Swaps and pension plans; Department of Labor Field Assistance Bulletin 2012-02 (question and answer number 30).

Client expense: $1,530,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, Ginnie Mae, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Housing & Urban Development, Dept of (HUD), Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

H.R. 1534 - Small Businesses Add Value for Employees (SAVE) Act H.R. 677 -Lifetime Income Disclosure Act & Regulatory Issues S. 1557 / H.R. 4049 - Automatic IRA of 2012 No Bill - Proposed Department of Labor Fiduciary Regulations No Bill - Guaranteed Minimum Withdrawal Benefit Interpretive Issues No Bill - Electronic Disclosure - ERISA/Internal Revenue Code No Bill - Issues Relating to Multiple Employer Plans H.R. 4050 - Retirement Plan Simplification and Enhancement Act of 2012 Department of Labor Guidance on Self-Directed Brokerage / FAB 2012-02 Q&A 30 408b-2 Service Provider Fee Disclosure Regulatory Issues

Client expense: $2,340,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

HR 1534, Savings are Vital to Everyone Act, all provisions. S 2832, Lifetime Income Disclosure Act, all provisions. Department of Labor regulation on definition of fiduciary in ERISA. Joint project by Departments of Labor and Treasury to promote the use of lifetime income products. Department of Labor regulations regarding fee disclosure. Department of Labor initiative regarding electronic disclosure. HR 4050, Retirement Plan Simplification and Enhancement Act of 2012, all provisions. HR 4049, Auto IRA Act of 2012, provisions regarding R-bonds. Issues related to implementation of Pub. Law 112-141, Moving Ahead for Progress in the 21st Century Act, provisions related to pensions. Department of Treasury regulations on qualified longevity annuity contract rules.

Client expense: $980,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $550,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Regulatory proposals related to retirement savings, including the Department of Labor's Field Assistance Bulletin 2012-02. Legislation related to retirement savings, including S 557, the Public Good IRA Rollover Act; S 267/HR 677, the Lifetime Income Disclosure Act; HR 1534, the SAVE Act; HR 3561, the Small Business Pension Promotion Act; HR 4050, the Retirement Plan Simplification and Enhancement Act; S 1557, the Automatic IRA Act.

Client expense: $630,000 · Firm income: Not reported

Government targets: Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

Issues related to retirement security including retirement plan standards and savings initiatives, the DOL ERISA fiduciary standard, and lifetime income opportunities. HR 1534 Small Business Add Value for Employees Act of 2011 (SAVE Act)--voluntary auto-IRAs. S 1557 Automatic IRA Act of 2011--voluntary IRAs and multiple employer plans. HR 3656 The Retirement Savings Security Act--401(k) loans. HR 4050 Retirement Plan Simplification and Enhancement Act--strengthen multiple employer plans, improve the administration of J&S annuity rules and other annuity improvements. H Con Res 101 Resolution on Retirement Savings Incentives--expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S 1211 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act--borrowing limits on 401(k) plans. HR 3482 Tax Crimes and Identity Theft Protection Act--DMF data restrictions. HR 3215 / S 1534 Identity Theft and Tax Fraud Prevention Act--DMF data restrictions. HR 677 / S 267 The Lifetime Disclosure Acts--all provisions. S 1813 Moving Ahead for Progress in the 21st Century (MAP-21)--retirement plan distribution and life settlement reporting provisions. HR 1534 The SAVE Act of 2011.

Client expense: $380,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 567 (Public Employee Pension Transparency Act); H.R. 1534 (SAVE Act of 2011); S. 347 (Public Employee Pension Transparency Act); DOL ERISA Fiduciary Duty Rulemaking; H.R. 3045 (Retirement Income Protection Act of 2011); H.R. 4049 (Automatic IRA Act of 2012); H.R. 4050 (Retirement Plan Simplification and Enhancement Act of 2012); S.1557 (Automatic IRA Act of 2011); H. Con. Res. 101 (to express benefits of current tax incentives for savings); Partial rollovers; Business Conduct Standards; Swaps and pension plans; Department of Labor Field Assistance Bulletin 2012-02 (question and answer number 30).

Client expense: $1,380,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Executive Office of the President (EOP), Federal Deposit Insurance Corporation (FDIC), Federal Housing Finance Agency (FHFA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Natl Credit Union Administration (NCUA), Natl Economic Council (NEC), Office of Thrift Supervision (OTS), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

HR 677/S267- would require 401(k) plan sponsors to inform participating workers of the projected monthly income they could expect at retirement based on their current account balance. DOL proposed rules to amend the definition of fiduciary, and FAB that include Q&A30 relating to brokerage windonws HR. 1534: Amends Internal Revenue Code provisions relating to employer-established simple individual retirement accounts (IRAs) to: (1) repeal certain restrictions on rollovers from simple IRAs, (2) allow employers to elect to terminate qualified salary reduction arrangements at any time during the year, (3) repeal the enhanced 25% penalty on premature withdrawals made from simple IRAs within the first two plan years, (4) allow additional nonelective employer contributions to simple IRAs, (5) establish automatic deferral IRAs, (6) allow a transfer of unused balances in flexible spending arrangements to a qualified retirement or eligible deferred compensation plan, (7) increase the tax credit for small employer pension plan startup costs, and (8) establish multiple small employer retirement plans that provide for automatic employee contributions H.R.4049: Automatic IRA Act of 2012 - would require all employers that employ more than 10 employees, who do not sponsor a qualified retirement plan to automatically enroll their employees at 3% of pay into a payroll deduct IRA. H.R.4050: Retirement Plan Simplification and Enhancement Act of 2012 the bill would permit all required ERISA disclosures to be made available in an electronic manner (following advanced notice and with the right to opt out). H.CON.RES.101 : Expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement. S. 1020: To amend the Internal Revenue Code of 1986 to modify the rules relating to loans made from a qualified employer plan. S.1557 the Automatic IRA Act of 2011 Amends the Internal Revenue Code to: (1) require certain employers who do not maintain qualified retirement plans or arrangements to make available to their eligible employees a payroll deposit individual retirement account (IRA) arrangement (automatic IRA arrangement) which grants such employees the right to opt-out of participation, (2) require the Secretary of the Treasury to provide employers with a model notice for notifying employees of automatic IRS arrangements and to establish a program to assist employers in the implementation of such arrangements, (3) allow employers who do not have more than 100 employees a tax credit for costs associated with establishing an automatic IRA arrangement, (4) impose a penalty on employers who fail to provide eligible employees access to automatic IRA arrangements, and (5) increase the tax credit for small employer pension plan start-up costs. S. 1813: Highway Investment, Job Creation and Economic Growth Act of 2012 - defined benefit plan Funding Stabilization proposal which generates $9.5 billion in revenue.

Client expense: $460,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), Commodity Futures Trading Commission (CFTC), Federal Reserve System, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, U.S. Trade Representative (USTR)

Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs, and creation of new qualified retirement plans for small business, including H.R.1534, Small Businesses Add Value for Employees Act. Proposals related to stemming leakage from retirement plans through reform of plan loan rules, including, S.1121/H.R. 3, Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issues related to retirement target date funds. Issues related to tax incentives for retirement savings. Issues related to the effect of the Department of Labor's proposed fiduciary definition. Issues related to employee benefit plan administration and electronic delivery of ERISA-mandated statements and disclosures. Consolidation of ERISA-required notices. H.R. 4050, Retirement Plan Simplification and Enhancement Act.

Client expense: Not reported · Firm income: $10,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues related to tax incentives for retirement savings. Inquiries regarding investment offerings in defined contribution plans. Legislation to expand the employee-sponsored retirement system. Guidance relating to public sector plan design. Proposals relating to IRS relief for disaster victims. S. 267/H.R. 677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act, proposals related to governmental pick up contributions, including H.R. 2934, to clarify the treatment of certain plan contributions picked up by governmental employers. Issues related to lifetime income products in qualified retirement plans. Proposals to increase annuitization within qualified retirement plans. Proposals that would combine various retirement plan and IRA types.

Client expense: Not reported · Firm income: $30,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals to expand retirement plan coverage, including proposals to reform the multiple employer plan rules. Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs and creation of new qualified retirement plans for small business. Issues related to tax incentives for retirement savings. Issues related to the Department of Labor's proposed regulation defining fiduciary. S. 267/H.R. 677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act. Qualified plan issues. Issues related to EPCRS. Tax incentives for 457 plans. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Application of the Volcker rule to insurance company general accounts. Proposals that would consolidate varoius retirement and IRA types. Proposals related to annuity incentives. Issues related to use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE, Treasury, Dept of

H.R. 677 - The Lifetime Income Disclosure Act; entire bill H.R. 1534 Small Businesses Add Value for Employees (SAVE) Act; entire bill H.R. 3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill H.R. 3561 Small Business Pension Promotion Act of 2011; entire bill H.R. 4049 Automatic IRA Act; entire bill H.R. 4050 Retirement Simplification and Enhancement Act; entire bill H.R. 4348 - Moving Ahead for Progress in the 21st Century Act; provisions relating to extension of the National Flood Insurance Program, student loans, and pension provisions S. 267 - Lifetime Income Disclosure Act; entire bill S. 1020 The Savings Enhancement by Alleviating Leakage in 401(k) Savings Act; entire bill S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill S. 1557 Automatic IRA Act of 2011; entire bill S. 2132 Highway Investment, Job Creation, and Economic Growth Act of 2012; provisions relating to pension funding and inherited IRAs S. 2252 Rebuild America Act; entire bill Department of Labors proposed rule modifying the definition of ERISA fiduciary and its implications for the provision of advice on qualified retirement savings Department of Labors 408(b)(2) rules and accompanying Q&As as they impact 401(k) brokerage windows. Role retirement savings tax incentive play in assuring coverage of diverse workforces and long-term economic benefits

Client expense: $360,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H. 4348 S. 1813 HR. 3656 HR. 4049 HR 4050 HR 3561 HR 1534 S 267 HR 677 HR 328 S 1121

Client expense: $177,666 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

See attachment. RET Third Quarter Report 2012 H.Con.Res.101: Resolution on Retirement Savings Incentives. H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 493 Genetic Information Non-Discrimination Act of 2008. Issue: Underwriting restrictions on long-term care insurance. H.R. 677/S. 267 The Lifetime Income Disclosure Acts. Issue: Annuity Illustration. H.R. 1534 Small Business Add Value for Employees Act of 2011. Issue: voluntary auto-IRAs. H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 4049 Automatic IRA Act. Issue: mandatory auto-IRAs H.R. 4050 Retirement Plan Simplification and Enhancement Act. Issue: strengthen multiple employer plans, improve the administration of J&S annuity rules, and other annuity improvements. H.R. 5025 - the HITECH Extension for Behavioral Health Services Act of 2010Issue: extends health information technology accounting requirements to long-term care insurers. H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans H.R.6300: Medicaid Long-Term Care Reform Act of 2012. Issue: Long-term care. S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issue: Limits borrowing from 401(k) plans. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. S. 1557, the Automatic IRA Act of 2011. Issue: voluntary IRAs and Multiple Employer Plans. S. 1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products S. 3226, Americans Giving Care to Elders Act of 2012, Issue: Caregivers Credit S. 3229, Long-term care Insurance Consumer Right to Know Act of 2012, Issue: third party review of long-term care insurance claims S. 3230, Long Term Care Insurance Integrity Act of 2012, Issue: Consumer protections for Long-term Care. S. 3432 Identity Theft and Tax Fraud Prevention Act. Issue: Death master file.

Client expense: $1,160,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Public Employee Pension Transparency Act H.R. 567 Lifetime Income Disclosure Act H.R. 677 Burdensome Data Collection Relief Act H.R. 1062 Small Businesses Add Value for Employees Act of 2011 (SAVE Act) H.R. 1534 To Facilitate implementation of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act, promote regulatory coordination, and avoid market disruption H.R. 1573 Would repeal provision in the Dodd-Frank Wall Street Act prohibiting federal bailout of swap dealers or participants H.R. 1838 To Improve Consideration by the Commodity Futures Trading Commission of the Costs and Benefits of its Regulations and Orders H.R. 1840 SEC Regulatory Accountability Act H.R. 2308 Swap Execution Facility Clarification Act H.R. 2586 Pension Technical Modifications Act H.R. 2656 Business Risk Mitigation and Price Stabilization Act of 2011 H.R. 2682 To Exempt inter-affiliate swaps from certain regulatory requirements put in place by the Dodd-Frank Wall Street Reform and Consumer Protection Act H.R. 2779 Retirement Income Protection Act of 2011 H.R. 3045 Hardship Outlays to protect Mortgagee Equity Act of 2011 H.R. 3104 Employee Misclassification Prevention Act H.R. 3178 Savings Enhancement by Alleviating Leakage in 401 (k) Savings Act of 2011 (SEAL 401 (k) Savings Act H.R. 3287 Small Business Pension Protection Act of 2011 H.R. 3561 Retirement Savings Security Act of 2011 H.R. 3656 Automatic IRA Act H.R. 4049 Retirement Plan Simplification and Enhancement Act H.R. 4050 Fair Playing Field Act of 2012 H.R. 4123 (worker classification) Moving Ahead for Progress in the 21st Century (MAP-21) Act S. 1813/ House/Senate passed version H.R. 4348 (funding stabilization) Pension Funding defined benefit pension funding stabilization, technical corrections for defined benefit pension plans, frozen defined benefit plan issues, single and multiemployer plans, nonqualified deferred compensation conditions, hedge fund/private equity investments Pension Benefit Guaranty Corporation (PBGC) calculation of deficit, proposed premium increase for plan sponsors, premium submission issues, ERISA Section 4062 (e), rules for companies in bankruptcy, investment strategy and governance issues, re-characterization of contributions, , partial termination enforcement, premium relief for certain delinquent plans Retirement Security/Investment Advice - defined contribution plan issues, 401 (k) plans: design and operation, automatic IRAs, plan limits, electronic communication, electronic disclosure guidance, re-proposal on definition of a fiduciary, investment advice, investment selection (target date funds), the Savers Credit, small business plans, lifetime income, nondiscrimination rules for retirement plans, alternative pension investments, accounting transparency for pensions, plan loans, tax expenditures, tax incentives for workplace retirement plans, tax reform, phased retirement, financial literacy, nonqualified deferred compensation, executive compensation, multiple employer plan issues, long-term care/disability policies (LTDs), disability insurance Transfer of Excess Pension Assets Bipartisan Concurrent Resolution (H.CON. RES. 101) supporting retirement savings tax incentives Nondiscrimination rules applicable to defined benefit (DB) plans Senate Lifetime Income Disclosure Act S. 267 Public Employee Pension Transparency Act S. 347 Repeal the CLASS Entitlement Act S. 720 Payroll Fraud Prevention Act S. 770 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 (SEAL Act) S. 1020 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 (SEAL Act) S. 1121 Taxpayer Advocacy and Government Accountability Promotion (TAX GAP) Act S. 1289 Automatic IRA Act of 2011 S. 1557 Hardship Outlays to protect Mortgagee Equity (HOME) Act S. 1656 Moving Ahead for Progress in the 21st Century (MAP-21) Act S. 1813/ Stop the Student Loan Interest Rate Hike Act of 2012 S. 2343, Senate/House passed version H.R. 4348 (funding stabilization) Fair Playing Field Act of 2012 S. 2145 (worker classification) Rebuild America Act S. 2252 Pension modernization - The Retirement Crisis and a Plan to Solve It USA Retirement Funds Senate Health, Education, Labor & Pensions Committee Pension funding defined benefit pension funding stabilization, defined benefit funding regulations/25-Year Averages of the Segment Rate, technical corrections for defined benefit pension plans, frozen defined benefit plan issues, single and multiemployer plans, nonqualified deferred compensation conditions, hedge fund/private equity investments Pension Benefit Guaranty Corporation (PBGC) calculation of deficit, proposed premium increase for plan sponsors, premium submission issues, ERISA Section 4062 (e), rules for companies in bankruptcy, investment strategy and governance issues, re-characterization of contributions, partial termination enforcement Retirement Security/Investment Advice defined contribution plan issues, 401 (k) plans: design and operation, automatic IRAs, plan limits, electronic communication, electronic disclosure guidance, re-proposal on definition of a fiduciary, investment advice, investment selection (target date funds), the Savers Credit, retirement savings plans for small businesses, lifetime income issues, nondiscrimination rules for retirement plans, alternative pension investments, accounting transparency for pensions, plan loans, tax expenditures, tax incentives for workplace retirement plans, tax reform, phased retirement, financial literacy, nonqualified deferred compensation, executive compensation, multiple employer plan issues, long-term disability policies (LTDs), disability insurance Nondiscrimination rules applicable to defined benefit (DB) plans Regulatory Retirement Report: Supporting Retirement for American Families; Lifetime Income Guidance Request for Information (RFI) streamlining regulations to reduce regulatory burdens - Improving Regulation and Regulatory Review Executive Order 13563 Semi-Annual Regulatory Agendas Departments of Labor, Treasury ERISA Advisory Council 2012 Discussion Topics disability insurance & retirement stability, plan beneficiary designations Financial Services Reform implementation of Dodd-Frank Wall Street Reform and Consumer Protection Act - Restoring American Financial Stability Act of 2010 H.R. 4173, Public Law No: 111-203 Business conduct standards, segregation of swap collateral, pay ratio and other executive compensation disclosure issues, posting margin, stable value contracts Pension funding defined benefit pension funding stabilization, defined benefit funding stabilization regulations/25-Year Averages of the Segment Rate and lump sum valuation, adequacy of defined benefit vehicles, retirement plan designs, and tax treatment of expatriates Hybrid retirement plan designs implementation of the Pension Protection Act (PPA), finalization of proposed regulations Retirement Security/Investment advice disclosure of defined contribution plan fees under ERISA Section 408 (b) (2), plan limits, re-proposal of rule on definition of a fiduciary, pension benefit statements, amendment of abandoned plan program, ERISA claims procedures, investment selection and annuity issues, automatic/mandatory individual retirement accounts (IRAs), target date funds (TDFs) and qualified default investment alternatives (QDIAs); electronic disclosure of 401 (k) fee information, and defined benefit (DB) plans fiduciary requirements, 401 (k) participant fee disclosure regulations, in-plan Roth conversions issues RFI Electronic disclosure for employee benefit plans, electronic disclosure flexibility, longevity annuity contract regulations, partial annuity distribution regulations, income replacement Field Assistance Bulletin (FAB) 2012-02 Q & A 30 guidance on final regulations for participant-level retirement plan fee disclosure, brokerage windows, FAB 2012-02R (revision) Health care provider compensation Internal Revenue Code Section 162 (m) (6) performance-based compensation Pension Benefits Guaranty Corporation (PBGC) guidance related to pension funding stabilization and premiums, premium and premium filing, submission issues, proposed regulations proposed ERISA Section 4062 (e) regulations, rules for companies in bankruptcy, investment strategy and governance issues, re-characterization of contributions, partial termination enforcement, annual financial and actuarial reporting-ERISA Section 4010 Foreign bank account reporting, Report of Foreign Bank and Financial Accounts (FBAR) International Accounting Standards Board (IASB) accounting rules for pensions and other post-employment benefits Domestic plan asset investment issues International benefits issues/Puerto Rican plan trust issues Regulation of money market funds Multiemployer plan issues Public pension system issues Definition of governmental plans Worker classification issues Foreign Account Taxpayer Compliance Act (FATCA) exemption for foreign retirement plans Distribution of retirement plan assets Nondiscrimination rules applicable to defined benefit (DB) plans Financial Accounting Standards Board (FASB) retirement plans De-risking defined benefit (DB) plans

Client expense: $216,050 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Office of Management & Budget (OMB), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

HR 677/S 267: LIFETIME INCOME DISCLOSURE ACT; PROVISIONS RELATED TO ANNUITY ILLUSTRATION H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 4049, AUTOMATIC IRA ACT OF 2012; ALL PROVISIONS. S. 3230, Long Term Care Insurance Integrity Act of 2012, Issue: Consumer protections for Long-term Care. HR 1534: SMALL BUSINESSES ADD VALUE FOR EMPLOYEES (SAVE) ACT OF 2011; PROVISIONS RELATED TO VOLUNTARY AUTO-INDIVIDUAL RETIREMENT ACCOUNTS (IRA) HR 5025: TO AMEND THE PUBLIC HEALTH SERVICE ACT AND THE SOCIAL SECURITY ACT TO EXTEND HEALTH INFORMATION TECHNOLOGY ASSISTANCE ELIGIBILITY TO BEHAVIORAL HEALTH, MENTAL HEALTH, AND SUBSTANCE ABUSE PROFESSIONALS AND FACILITIES, AND FOR OTHER PURPOSES; PROVISIONS RELATED TO THE EXTENSION OF HEALTH INFORMATION TECHNOLOGY ACCOUNTING REQUIREMENTS TO LONG-TERM CARE INSURERS S 1121: SAVINGS ENHANCEMENT BY ALLEVIATING LEAKAGE IN 401(K) SAVINGS ACT OF 2011; PROVISIONS RELATED TO LIMITS BORROWING FROM 401(K) PLANS S 1557: AUTOMATIC IRA ACT OF 2011; Provisions related to voluntary IRAs and multi-employer plans P.L. 110-233 (111th CONGRESS): GENETIC INFORMATION NONDISCRIMINATION ACT OF 2008; PROVISIONS RELATED TO UNDERWRITING RESTRICTIONS ON LONG-TERM CARE INSURANCE H. CON.RES. 101: EXPRESSING THE SENSE OF THE CONGRESS IN SUPPORT OF THE CURRENT SYSTEM OF RETIREMENT SAVINGS TAX INCENTIVES; ALL PROVISIONS. H.R. 4050, RETIREMENT PLAN SIMPLIFICATION AND ENHANCEMENT ACT OF 2012; PROVISIONS RELATED TO MULTIPLE EMPLOYER PLANES, E-DELIVERY, AND ANNUITY REFORMS. H.R. 5025 - the HITECH Extension for Behavioral Health Services Act of 2010Issue: extends health information technology accounting requirements to long-term care insurers. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. S.1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans H.R. 493- Genetic Information Non-Discrimination Act of 2008. Underwriting restrictions on long-term care insurance. H.R. 677/S. 267- The Lifetime Income Disclosures Acts. Issue: Annuity Illustration. H.R. 3656- the Retirement Savings Security Act. Issue: 401(k) plan loans. S. 3226- Americans Giving Care to Elders Act of 2012. Issue: Caregivers Credit. S. 3229- Long-Term Care Insurance Consumer Right to Know Act for 2012. Issue: Third party review of long-term care insurance claims. S. 3230- Long Term Care Insurance Integrity Act of 2012. Consumer protections for Long-term Care. S. 3432 Identity Theft and Tax Fraud Prevention Act. Creation of Death master file. H.R. 6300: Medicaid Long-Term Care Reform Act of 2012. Provisiosn related to Long-term care.

Client expense: $960,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 619: Surface Transportation Savings Act of 2011 Pension Stabilization Provisions Provision to prevent the requirement of a deficit reduction contribution by our pension plan. H.R. 662: Surface Transportation Extension Act of 2011 Pension Stabilization Provisions H.R. 1534 : SAVE Act of 2011 (Sec. 13 and 14) (Multiple small employer plans; treatment of multiple 401k plans.) H.R. 2010, S. 1098: Family and Retirement Health Investment Act of 2011 (Title 1, to repeal limits/caps on tax preferred health accounts.) H.R. 2656: Pension Technical Modifications Act whole bill (Protecting RS Plan from increased cost.) H.R. 3561 : Small Business Pension Promotion Act of 2011 (sec. 7) Definition of Normal Retirement Age. H.R. 4239, 4276, 4281: Surface Transportation Extension Act of 2012 Pension Stabilization Provisions H.R. 4348: MAP-21 (The Surface Transportation Act of 2012) Pension Stabilization Provisions (Senate Highway Bill, Section 40312 on Pension Funding Stabilization.) H.R. 6057, 6058: Temporary Surface Transportation Extension Act of 2012 Pension Stabilization Provisions S. 145: Older Worker Opportunity Act of 2011 (Entire Bill, Sec. 1-2, retirement plan tax implications.) To promote labor force participation of older Americans, with the goals of increasing retirement security, reducing the projected shortage of experienced workers, maintaining future economic growth, and improving the Nation's fiscal outlook. S. 439: Deficit Reduction and Budget Reform Act of 2011 (Title VIII, tax benefit / retirement issues, Community Living Assistance Services and Supports, CLASS, Program.) S. 1813, Sec. 40312: Moving Ahead for Progress in the 21st Century Act' or the `MAP-21' Pension Stabilization Provisions (Senate Highway Bill, Section 40312 on Pension Funding Stabilization.)

Client expense: $683,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals related to annuitization. Proposals related to longevity insurance. S.267/H.R. 677, Lifetime Income Disclosure Act. H.R.1534, SAVE Act. Issues related to lifetime income disclosures and benefits statement design. Proposals related to tax incentives for retirement savings. Issues related to lifetime income investment options. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Issues regarding use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals related to annuitization. Proposals related to longevity insurance. S.267/H.R.677, Lifetime Income Disclosure Act. H.R. 1534, SAVE Act. Issues related to lifetime income disclosures and benefits statement design. Proposals related to tax incentives for retirement savings. Issues related to lifetime income investment options. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Issues regarding use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Proposals responding to the effect of the stock market decline on retirement savings accounts. Proposals to expand retirement coverage, including proposals to mandate payroll deduction IRAs (not yet in legislative form) Proposals regarding annuitization of assets from defined contribution plans (not yet in legislative form) S 267; HR 677 - "Lifetime Income Disclosure Act" - A lifetime income disclosure shall set forth the annuity equivalent of the total benefits accrued with respect to the participant or beneficiary HR 1534 - "Save Act of 2011" - Reforms Retirement Plan System HR 774- "Senior Investor Protections Act "- To enhance penalties for violations of securities protections that involve targeting seniors Congressional activity surrounding the Department of Labor's proposed regulation to redefine "fiduciary" S. 1020- Savings Act of 2011 Savings Enhancement by alleviating leakage in 401(k) Savings Act of 2011 alleviates leakage in 401(k) plans HR 3561- Small Business Promotion Act - technical corrections and improvements to pension system H. Con. Res. 101 - "Concurrent resolution expressing the sense of the Congress that our current tax incentives for retirement savings provide important benefits to Americans to help plan for a financially secure retirement" - Expresses sense of the Congress regarding tax incentives for retirement savings HR 4049 - "Automatic IRA Act of 2012" - regarding automatic IRA arrangements S. 1557 - "Automatic IRA Act of 2011" - regarding automatic IRA arrangements HR 4050 - "Retirement Plan Simplification and Enhancement Act of 2012" - To simplify and enhance qualified retirement plans HR 4348 - "The Surface Transportation Act of 2012"- defined benefit funding relief, transfers of excess pension funding assets S 2123 - "Highway Investment Job Creation & Economic Growth Act of 2012" would stretch IRA provision S 1534 - "Identity Theft & taax Fraud Prevention Act" Death master file limitations HR 3475 - "Keeping ID's Safe Act of 2011" Death master file limitations S 1121 -"Savings Enhancement by Alleviating Leakage in 401(k) Savings Act" - limits borrowng from 401(k) plans-credit insurance HR 3656 -"The Retirement Savings Security Act" - 401(k) plan loans HR 2827/S. 3620 - "Municipal Advisor Regulation" - investment advice regulation HR 6472 -"Saving for American Families Future Act of 2012" - saver's credit expansion HR 2656 - "Pensions Technical Modifications Act" - DB pensions

Client expense: $780,000 · Firm income: Not reported

Government targets: Federal Deposit Insurance Corporation (FDIC), Federal Emergency Management Agency (FEMA), Federal Reserve System, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Office of the Comptroller of the Currency (OCC), SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), Treasury, Dept of, U.S. Copyright Office, U.S. Postal Service (USPS)

Proposals related to establishment of discretionary payroll deduction IRAs and creation of new qualified retirement plans for small business. Proposals to reform the multiple employer plan rules. Guidance related to nondiscrimination rules for defined contribution plan annuity investment products. Issues related to tax incentives for retirement savings. Issues related to the Department of Labor's proposed regulation defining fiduciary. H.R. 1534, Small Businesses Add Value for Employees Act. Issues related to lifetime income investment options. H.R. 4050, Retirement Plan Simplification and Enhancement Act. Proposals to consolidate various retirement plan and IRA types.

Client expense: Not reported · Firm income: $20,000

Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Treasury, Dept of

H.R. 493 Genetic Information Non-Discrimination Act of 2008. Issue: Underwriting restrictions on long-term care insurance. H.R. 677/S. 267 The Lifetime Income Disclosure Acts. Issue: Annuity Illustration. H.R. 1534 Small Business Add Value for Employees Act of 2011. Issue: voluntary auto-IRAs. S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act. Issue: Limits borrowing from 401(k) plans. H.R. 5025 - the HITECH Extension for Behavioral Health Services Act of 2010Issue: extends health information technology accounting requirements to long-term care insurers. S. 1557, the Automatic IRA Act of 2011. Issue: voluntary IRAs and Multiple Employer Plans. S. 1534 and H.R. 3215 Identity Theft and Tax Fraud Prevention Act: Issue: restriction to DMF data. H.R. 3475 Keeping IDs Safe Act. Issue: restriction to DMF data. H.R. 3482 Tax Crimes and Identity Theft Prevention Act. Issue: restriction to DMF data. H.R. 4049 Automatic IRA Act. Issue: mandatory auto-IRAs H.R. 4050 Retirement Plan Simplification and Enhancement Act. Issue: strengthen multiple employer plans, improve the administration of J&S annuity rules, and other annuity improvements. H.Con.Res.101: Resolution on Retirement Savings Incentives. H.R. 3656 - the Retirement Savings Security Act. Issue: 401(k) plan loans H.R. 2309, the Postal Reform Act of 2011, Issue: USPS sale of financial products. S.1789, the 21st Century Postal Service Act of 2012. Issue: USPS sale of financial services products H.R. 5, the HEALTH Act of 2011. Issue: McCarran Ferguson H.R. 6005, The Long Term Care and Retirement Security Act of 2012, Issue: Long-term care insurance allowed to be offered as part of cafeteria plans S. 3226, Americans Giving Care to Elders Act of 2012, Issue: Caregivers Credit S. 3229, Long-term care Insurance Consumer Right to Know Act of 2012, Issue: third party review of long-term care insurance claims S. 3230, Long Term Care Insurance Integrity Act of 2012, Issue: Consumer protections for Long-term Care. S. 3432 Identity Theft and Tax Fraud Prevention Act. Issue: Death master file. H.R.6300: Medicaid Long-Term Care Reform Act of 2012. Issue: Long-term care.

Client expense: $1,680,500 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Issues and legislation relating to retirement security, H.R.1534, ERISA

Client expense: Not reported · Firm income: $50,000

Government targets: HOUSE OF REPRESENTATIVES, SENATE

H.R. 677, S. 267 Lifetime Income Disclosure Act; H.R. 1534 SAVE Act; Proposed ERISA fiduciary investment advice rule; eDelivery (in connection with 401(k) fee disclosure rules) Fee disclosure regulations

Client expense: $690,000 · Firm income: Not reported

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of, White House Office

H 4348 S. 1813 HR 3656 HR 4049 HR 4050 HR 3561 HR 1534 S. 267 HR 677 HR 328 S 1121

Client expense: $177,261 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), SENATE, Securities & Exchange Commission (SEC), Treasury, Dept of

H.R. 677 - The Lifetime Income Disclosure Act; entire bill H.R. 1534 Small Businesses Add Value for Employees (SAVE) Act; entire bill H.R. 3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill H.R. 3561 Small Business Pension Promotion Act of 2011; entire bill H.R. 4049 Automatic IRA Act; entire bill H.R. 4050 Retirement Simplification and Enhancement Act; entire bill H.R. 4348 - Moving Ahead for Progress in the 21st Century Act; provisions relating to extension of the National Flood Insurance Program, student loans, and pension provisions S. 267 - Lifetime Income Disclosure Act; entire bill S. 1020 The Savings Enhancement by Alleviating Leakage in 401(k) Savings Act; entire bill S. 1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill S. 1557 Automatic IRA Act of 2011; entire bill S. 2132 Highway Investment, Job Creation, and Economic Growth Act of 2012; provisions relating to pension funding and inherited IRAs S. 2252 Rebuild America Act; entire bill Department of Labors proposed rule modifying the definition of ERISA fiduciary and its implications for the provision of advice on qualified retirement savings Department of Labor's 408(b)(2) rules and accompanying Q&As as they impact 401(k) brokerage windows Role retirement savings tax incentives play in assuring coverage of diverse workforces and long-term economic benefits

Client expense: $310,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE