Small Business Pension Promotion Act of 2011

H.R. 1332/S. 2010, the Social Security Fairness Act, would repeal both the Windfall Elimination Provision and the Government Pension Offset in current Social Security law; H.R. 2797/S. 113, the Public Servant Retirement Protection Act, would repeal the "Windfall Elimination Provision" (WEP) and replace it with a more equitable, individualized calculation of Social Security benefits; H.R. 3561, the Small Business Pension Promotion Act, which would ensure that existing public retirement plans which use years of service to establish a normal retirement date will be able to continue this practice without penalty and without jeopardizing the retirement plans and benefits; and Opposition to legislation which would mandate participation in Social Security for all newly hired State and local employees.

Client expense: $55,000 · Firm income: Not reported

Government targets: Bureau of Alcohol Tobacco Firearms & Explosives, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), SENATE, White House Office

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. Proposals relating to defined benefit plan funding. Issues related to regulations addressing liability for partial termination of defined benefit plans. Issues related to tax incentives for retirement savings and DOL fee disclosure proposals. Retirement recommendations contained in the final report of the National Commission on Fiscal Responsibility and Reform. Proposals 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. Proposals related to stable value investment offerings in defined contribution plans. Proposals related to phased retirement. Proposals to increase PBGC premiums, including those contained in the FY 2013 Obama Administration Budget proposal. Proposals related to retirement target date funds. Issues related to the Department of Labor's proposed regulation defining fiduciary for investment advice purposes. Proposals and regulations related to cash balance, pension equity, and other hybrid pension plans. Issues related to PBGC collections and PBGC disclosure issues. Proposals related to electronic disclosure of information under ERISA. Proposals regarding compliance of retirement plans. H.R. 3561, Small Business Pension Promotion Act. S. 1813/H.R. 4348, Moving Ahead for progress in the 21st Century, H.R. 4050, Retirement Plan Simplification and Enhancement Act. FASB pension accounting. USA Retirement proposal. Issues related to use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $80,000

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

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

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)

Efforts to undermine public pensions, including HR 567, S.347, HRes.23 Mandatory Social Security coverage Proposed pension cuts for federal employees, including HR 3813 and HR 3630 Normal Retirement Age regulations, including HR 3561

Client expense: $97,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Treasury, Dept of, White House Office

Support preserving and enhancing the voluntary employer-provided retirement system and the tax incentives that support it; and Support for H.R. 3561, Small Business Pension Promotion Act of 2011, to clarify that service-based normal retirement provisions are allowed in state and local pension statutes; H.R. 4137, the Employee Education Assistance Act of 2012, support a permanent extension of tax free employer provided education assistance.

Client expense: Not reported · Firm income: Not reported

Government targets: Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, SENATE

H.R. 327/S. 985, the Law Enforcement Officers Equity Act, would provide 6 (c) benefits to approximately 30,000 Federal law enforcement officers who currently do not have them; H.R. 567/S. 347, the "Public Employee Pension Transparency Act," which would undermine existing pension systems for public employees; H.R. 3561, the Small Business Pension Promotion Act, which would ensure that existing public retirement plans which use years of service to establish a normal retirement date will be able to continue this practice without penalty and without jeopardizing the retirement plans and benefits; and H.R. 3813, the Securing Annuities for Federal Employees Act of 2012, which would increase employee contributions to both the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) from 0.8% and 6.9% to 2.3% and 8.4%, respectively, over a three year period.

Client expense: $55,000 · Firm income: Not reported

Government targets: Bureau of Alcohol Tobacco Firearms & Explosives, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), SENATE, White House Office

H.R. 1332/S. 2010, the Social Security Fairness Act, would repeal both the Windfall Elimination Provision and the Government Pension Offset in current Social Security law; H.R. 2797/S. 113, the Public Servant Retirement Protection Act, would repeal the "Windfall Elimination Provision" (WEP) and replace it with a more equitable, individualized calculation of Social Security benefits; H.R. 3561, the Small Business Pension Promotion Act, which would ensure that existing public retirement plans which use years of service to establish a normal retirement date will be able to continue this practice without penalty and without jeopardizing the retirement plans and benefits; and Opposition to legislation which would mandate participation in Social Security for all newly hired State and local employees.

Client expense: $55,000 · Firm income: Not reported

Government targets: Bureau of Alcohol Tobacco Firearms & Explosives, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), SENATE, 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

Proposals related to expansion of SIMPLE IRAs, establishment of discretionary payroll deduction IRAs and creation of new qualified retirement plans for small business. Proposals relating to defined benefit plan funding. Issues related to regulations addressing liability for partial termination of defined benefit plans. Issues related to tax incentives for retirement savings and DOL fee disclosure proposals. Retirement recommendations contained in the final report of the National Commission on Fiscal Responsibility and Reform. Proposals 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. Proposals related to stable value investment offerings in defined contribution plans. Proposals related to phased retirement. Proposals to increase PBGC premiums, including those contained in the FY 2013 Obama Administration Budget proposal. Proposals related to retirement target date funds. Issues related to the Department of Labor's proposed regulation defining fiduciary for investment advice purposes. Proposals and regulations related to cash balance, pension equity, and other hybrid pension plans. Issues related to PBGC collections and PBGC disclosure issues. Proposals related to electronic disclosure of information under ERISA. Proposals regarding compliance of retirement plans. H.R. 3561, Small Business Pension Promotion Act. S. 1813/H.R. 4348, Moving Ahead for progress in the 21st Century, H.R. 4050, Retirement Plan Simplification and Enhancement Act. FASB pension accounting. USA Retirement proposal. Issues related to use of brokerage windows in defined contribution plans.

Client expense: Not reported · Firm income: $90,000

Government targets: HOUSE OF REPRESENTATIVES, Pension Benefit Guaranty Corporation (PBGC), 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

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

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

Normal retirement age proposals. Proposals related to increased PBGC premiums, including those contained in the FY 2013 Obama Administration Budget. Proposals related to plan funding. H.R. 3561, Small Business Pension Promotion Act. Proposals to facilitate new growth of pension plans. S. 1813/H.R. 4348, Moving Ahead for Progress in the 21st Century. Proposals to reform the multiple employer plan rules.

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

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

Normal retirement age proposals. Proposals related to increased PBGC premiums, including those contained in the FY 2013 Obama Administration Budget. Proposals related to plan funding. H.R. 3561, Small Business Pension Promotion Act. Proposals to facilitate new growth of pension plans. S. 1813/H.R. 4348, Moving Ahead for Progress in the 21st Century. Proposals to reform the multiple employer plan rules.

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

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

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)

Support preserving and enhancing the voluntary employer-provided retirement system and the tax incentives that support it; and Support for H.R. 3561, Small Business Pension Promotion Act of 2011, to clarify that service-based normal retirement provisions are allowed in state and local pension statutes.

Client expense: Not reported · Firm income: Not reported

Government targets: Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, SENATE

Efforts to undermine public pensions, including HR 567, S.347, HRes. 23 Mandatory Social Security coverage Proposed pension cuts for federal employees, including HR 3813 and HR 3630 Normal Retirement Age regulations, including HR3561

Client expense: $95,000 · Firm income: Not reported

Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, Veterans Affairs, Dept of (VA), White House Office

RS Governmental plans compliance initiative; IRS Normal Retirement Age regulations (HR3561); IRS Revenue Ruling 2006-43; IRS ANPRM on the definition of a governmental plan; funding of governmental plans; general pension plan reform; Public Employee Pension Transparency Act (HR 567; S 347); governmental plan accounting and disclosure; disclosure of state death records, Electronic Death Registration system, and amendment to Social Security Act Section 205(t) (HR 3475)

Client expense: Not reported · Firm income: $40,000

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Treasury, Dept of

IRS Governmental plans compliance initiative; IRS Normal Retirement Age regulations (HR3561); IRS Revenue Ruling 2006-43; IRS ANPRM on the definition of a governmental plan; funding of governmental plans; general pension plan reform; Public Employee Pension Transparency Act (HR 567; S 347); tax reform as it relates to tax expenditures for retirement savings

Client expense: Not reported · Firm income: $40,000

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Treasury, Dept of

IRS Governmental plans compliance initiative; IRS Normal Retirement Age regulations (HR3561); IRS Revenue Ruling 2006-43; IRS ANPRM on the definition of a governmental plan; funding of governmental plans; general pension plan reform; Public Employee Pension Transparency Act (HR 567; S 347); governmental plan accounting and disclosure; disclosure of state death records, Electronic Death Registration system, and amendment to Social Security Act Section 205(t) (HR 3475)

Client expense: Not reported · Firm income: $40,000

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Treasury, Dept of

RS Governmental plans compliance initiative; IRS Normal Retirement Age regulations (HR3561); IRS Revenue Ruling 2006-43; IRS ANPRM on the definition of a governmental plan; funding of governmental plans; general pension plan reform; Public Employee Pension Transparency Act (HR 567; S 347);

Client expense: Not reported · Firm income: $40,000

Government targets: Commodity Futures Trading Commission (CFTC), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), SENATE, Securities & Exchange Commission (SEC), Social Security Administration (SSA), Treasury, Dept of

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

H.R. 619: Surface Transportation Savings Act of 2011 Provision to prevent the requirement of a deficit reduction contribution by our pension plan. H.R. 662: Surface Transportation Extension Act of 2011 H.R. 717: Save our Border Communities Act of 2011 H.R.1534 : SAVE Act of 2011 (Sec. 13 and 14) 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 H.R. 3561 : Small Business Pension Promotion Act of 2011 (sec. 7) H.R. 4239, 4276, 4281: Surface Transportation Extension Act of 2012 H.R. 4348: MAP-21 (The Surface Transportation Act of 2012) (Senate Highway Bill, Section 40312 on Pension Funding Stabilization. H.R. 6057, 6058: Temporary Surface Transportation Extension Act of 2012 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' (Senate Highway Bill, Section 40312 on Pension Funding Stabilization.

Client expense: $688,000 · 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. Proposals relating to defined benefit plan funding. Issues related to regulations addressing liability for partial termination of defined benefit plans. Issues related to tax incentives for retirement savings and DOL fee disclosure proposals. Retirement recommendations contained in the final report of the National Commission on Fiscal Responsibility and Reform. Proposals 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. Proposals related to stable value investment offerings in defined contribution plans. Proposals related to phased retirement. Proposals to increase PBGC premiums, including those contained in the FY 2013 Obama Administration Budget proposal. Proposals related to retirement target date funds. Issues related to the Department of Labor's proposed regulation defining fiduciary for investment advice purposes. Proposals and regulations related to cash balance, pension equity, and other hybrid pension plans. Issues related to PBGC collections and PBGC disclosure issues. Proposals related to electronic disclosure of information under ERISA. Proposals regarding compliance of retirement plans. H.R. 3561, Small Business Pension Promotion Act. S. 1813/H.R. 4348, Moving Ahead for progress in the 21st Century, H.R. 4050, Retirement Plan Simplification and Enhancement Act. FASB pension accounting.

Client expense: Not reported · Firm income: $70,000

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

Client expense: $660,000 · 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)

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; and S 1557, the Automatic IRA Act. Regulatory proposals related to retirement savings, including the Department of Labors proposed definition of fiduciary(RIN 1210-AB32) (continued) and the Department of Labors Field Assistance Bulletin 2012-02.

Client expense: $680,000 · 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

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) Fiscal Year 2012 & 2013 Budget Proposals budgetary impacts of retirement entitlement programs - PBGC insurance, premium issues, worker classification issues FY2013 GOP Budget Proposal Path to Prosperity Financial Services Reform implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act - Public Law No: 111-203 - pay ratio and other executive compensation disclosure issues, business conduct standards, segregation of swap collateral, posting margin 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 Joint Select Committee on Deficit Reduction impact on employee benefits provisions PBGC premiums, contribution limits to defined contribution plans and worker classification issues 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 Fiscal Year 2012 & 2013 Budget Proposal budgetary impacts of retirement entitlement programs - PBGC insurance, premium issues, worker classification issues 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 pay ratio and other executive compensation disclosure issues, business conduct standards, segregation of swap collateral, posting margin 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 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 Joint Select Committee on Deficit Reduction -impact on employee benefits provisions, PBGC premiums, contribution limits to defined contribution plans and worker classification issues Transfer of Excess Pension Assets Equal Employment Opportunity Commission (EEOC) Final regulations on disparate impact, potential effects on retirement plans 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 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, adequacy of defined benefit vehicles, retirement plan designs, and tax treatment of expatriates Hybrid retirement plan designs implementation of the Pension Protection Act (PPA) 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 guidance on final regulations for participant-level retirement plan fee disclosure, brokerage windows Health care provider compensation Internal Revenue Code Section 162 (m) (6) performance-based compensation Pension Benefits Guaranty Corporation (PBGC) - 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 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

Client expense: $246,648 · Firm income: Not reported

Government targets: Centers For Medicare and Medicaid Services (CMS), Commodity Futures Trading Commission (CFTC), Equal Employment Opportunity Commission (EEOC), 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

Support preserving and enhancing the voluntary employer-provided retirement system and the tax incentives that support it; and Support for H.R. 3561, Small Business Pension Promotion Act of 2011, to clarify that service-based normal retirement provisions are allowed in state and local pension statutes.

Client expense: Not reported · Firm income: Not reported

Government targets: Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, SENATE

Normal retirement age proposals. Proposals related to increased PBGC premiums, including those contained in the FY 2013 Obama Administration Budget. Proposals related to plan funding. H.R. 3561, Small Business Pension Promotion Act. Proposals to facilitate new growth of pension plans. S. 1813/H.R. 4348, Moving Ahead for Progress in the 21st Century. Proposals to reform the multiple employer plan rules.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Normal retirement age proposals. Proposals related to increased PBGC premiums, including those contained in the FY 2013 Obama Administration Budget. Proposals related to plan funding. H.R. 3561, Small Business Pension Promotion Act. Proposals to facilitate new growth of pension plans. S. 1813/H.R. 4348, Moving Ahead for Progress in the 21st Century. Proposals to reform the multiple employer plan rules.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Efforts to undermine public pensions, including HR 567, S.347, HRes. 23 Mandatory Social Security coverage Proposed pension cuts for federal employees, including HR 3813 and HR 3630 Normal Retirement Age regulations, including HR3561

Client expense: $95,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, White House Office

H.R. 1332/S. 2010, the Social Security Fairness Act, would repeal both the Windfall Elimination Provision and the Government Pension Offset in current Social Security law; H.R. 2797/S. 113, the Public Servant Retirement Protection Act, would repeal the "Windfall Elimination Provision" (WEP) and replace it with a more equitable, individualized calculation of Social Security benefits; H.R. 3561, the Small Business Pension Promotion Act, which would ensure that existing public retirement plans which use years of service to establish a normal retirement date will be able to continue this practice without penalty and without jeopardizing the retirement plans and benefits; and Opposition to legislation which would mandate participation in Social Security for all newly hired State and local employees.

Client expense: $55,000 · Firm income: Not reported

Government targets: Bureau of Alcohol Tobacco Firearms & Explosives, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), SENATE, White House Office

H.R. 327/S. 985, the Law Enforcement Officers Equity Act, would provide 6 (c) benefits to approximately 30,000 Federal law enforcement officers who currently do not have them; H.R. 567/S. 347, the "Public Employee Pension Transparency Act," which would undermine existing pension systems for public employees; H.R. 3561, the Small Business Pension Promotion Act, which would ensure that existing public retirement plans which use years of service to establish a normal retirement date will be able to continue this practice without penalty and without jeopardizing the retirement plans and benefits; and H.R. 3813, the Securing Annuities for Federal Employees Act of 2012, which would increase employee contributions to both the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) from 0.8% and 6.9% to 2.3% and 8.4%, respectively, over a three year period.

Client expense: $55,000 · Firm income: Not reported

Government targets: Bureau of Alcohol Tobacco Firearms & Explosives, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), SENATE, White House Office

S.1121 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 S.267 Lifetime Income Disclosure Act H.R.4050 Retirement Plan Simplification and Enhancement Act of 2012 H.R.4049 Automatic IRA Act of 2012 H.R.3656 Retirement Savings Security Act of 2011 H.R.3561 Small Business Pension Promotion Act of 2011 H.R.3287 Savings Enhancement by Alleviating Leakage in 401(k) Savings Act of 2011 or the SEAL 401(k) Savings Act H.R.1534 Small Businesses Add Values for Employees Act of 2011 or SAVE Act of 2011 H.R.677 Lifetime Income Disclosure Act S.1813

Client expense: $193,346 · 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. 327/S. 985, the Law Enforcement Officers Equity Act, would provide 6 (c) benefits to approximately 30,000 Federal law enforcement officers who currently do not have them; H.R. 567/S. 347, the "Public Employee Pension Transparency Act," which would undermine existing pension systems for public employees; H.R. 3561, the Small Business Pension Promotion Act, which would ensure that existing public retirement plans which use years of service to establish a normal retirement date will be able to continue this practice without penalty and without jeopardizing the retirement plans and benefits; and H.R. 3813, the Securing Annuities for Federal Employees Act of 2012, which would increase employee contributions to both the Civil Service Retirement System (CSRS) and the Federal Employees Retirement System (FERS) from 0.8% and 6.9% to 2.3% and 8.4%, respectively, over a three year period.

Client expense: $55,000 · Firm income: Not reported

Government targets: Bureau of Alcohol Tobacco Firearms & Explosives, Federal Communications Commission (FCC), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Interior, Dept of (DOI), Justice, Dept of (DOJ), SENATE, White House Office

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

Client expense: $1,108,900 · 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

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 the Enhancement Act; and S 1557, the Automatic IRA Act. Regulatory proposals related to retirement savings, including the Department of Labor's proposed definition of "fiduciary" (RIN 1210-AB32).

Client expense: $570,000 · 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

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. 1120 Savings Enhancement by Alleviating Leakage in 401(k) Savings (SEAL) Act; entire bill S. 1557 Automatic IRA Act of 2011; entire bill S. 1813 The Highway Investment, Job Creation and Economic Growth Act; provisions relating to pension funding and inherited IRAs 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

Client expense: $410,000 · Firm income: Not reported

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Support preserving and enhancing the voluntary employer-provided retirement system and the tax incentives that support it; and Support for H.R. 3561, Small Business Pension Promotion Act of 2011, to clarify that service-based normal retirement provisions are allowed in state and local pension statutes.

Client expense: Not reported · Firm income: Not reported

Government targets: Equal Employment Opportunity Commission (EEOC), HOUSE OF REPRESENTATIVES, SENATE

Normal retirement age proposals. Proposals related to increased PBGC premiums, including those contained in the FY 2013 Obama Administration Budget. Proposals related to plan funding. H.R. 3561, Small Business Pension Promotion Act. Proposals to facilitate new growth of pension plans. S. 1813, Moving Ahead for Progress in the 21st Century. Proposals to reform the multiple employer plan rules.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE

Normal retirement age proposals. Proposals related to increased PBGC premiums, including those contained in the FY 2013 Obama Administration Budget. Proposals related to plan funding. H.R. 3561, Small Business Pension Promotion Act. Proposals to facilitate new growth of pension plans. S. 1813, Moving Ahead for Progress in the 21st Century. Proposals to reform the multiple employer plan rules.

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

Government targets: HOUSE OF REPRESENTATIVES, SENATE