Investing with Wespath

1. Investing with Wespath

2. Benefitsof Investing with Wespath • Sustainable investing • Uphold the values of UMC • Diversified investment options • Reasonable investment expenses • No sales charges or commissions • LifeStage Investment Management

3. Investment Categories and Funds • Inflation Protection Fund • Fixed Income Fund • Extended Term Fixed Income Fund Capital Preservation Funds • Stable Value Fund Income Funds—Bonds

4. Investment Categories and Funds Balanced Funds—Bonds and Stocks • Multiple Asset Fund (A fund of funds) • 35% U.S. Equity Fund • 30% International Equity Fund • 25% Fixed Income Fund • 10% Inflation Protection Fund Equity Funds—Stocks • U.S. Equity Fund • International Equity Fund

5. Social Values Choice Suite of Funds For participants with a heightened focus oncompanies’ environmental and social performance Fixed Income Funds—Bonds • U.S. Treasury Inflation Protection Fund • Social Values Choice Bond Fund Equity Funds—Stocks • Social Values Choice Equity Fund

6. Risk and Return International Equity Fund Social Values Choice Equity Fund U.S. Equity Fund Multiple Asset Fund Extended Term Fixed Income Fund Return* Fixed Income Fund Social Values Choice Bond Fund Inflation Protection Fund U.S. Treasury Inflation Protection Fund Stable Value Fund Risk* * Risk and return are generally correlated

7. Investment Information at wespath.org • Daily changes • Fund descriptions • Comparative results • Benchmarks • Fees

8. Quarterly Statements • Available online—benefitsaccess.org • By mail • View current account balances • Verify transaction details

9. Investing withWespath Choose your own mix of investment funds LifeStage Investment Management Asset allocation consultation through EY

10. LifeStage Investment Management • Personalized investment management tool for Defined Contribution (DC) accounts • Set your account on auto-pilot • Fund allocations unique to each participant • Variables affecting fund allocations • Participant’s age • Benefit commencement date • Risk tolerance • Social Security benefits • Wespath benefits

11. LifeStage Investment Management • Creates a diversified investment portfolio customized to each participant • Sets an asset allocation and reviews quarterly • Rebalances your account as needed • Sets a separate asset allocation for MPP accounts • Manages investments throughout active service and in retirement

12. Investment Profile Default • If you create a Personal Investment Profile, LifeStage will model your target allocation according to your profile. • Otherwise, the default profile is… • Moderate risk tolerance • Benefit commencement at age 65 • Eligible for Social Security benefits

13. LifeStage Investment Management: Rebalancing 13% 27% • U.S. Equity Fund • Extended Term Fixed Income Fund • International Equity Fund • Fixed Income Fund • Inflation Protection Fund 14% Before the Rebalance 17% 29% 13% • U.S. Equity Fund • Extended Term Fixed Income Fund • International Equity Fund • Fixed Income Fund • Inflation Protection Fund 26% 13% After the Rebalance 14% 34%

14. Housing Allowance Exclusion

15. Housing Allowance Exclusion in Retirement Amount to be excluded is the least of: • Amount designated as housing allowance • Generally comes from annual conferenceresolution designating a housing allowance • Amount actually expended for housing • Fair rental value of the housing

16. Housing Allowance Exclusion • Receives $24,000 in pension (designated) • Spends $20,000 on housing • Fair rental value of housing is $21,000 • Housing allowance exclusion cannot exceed $20,000 • Amount taxable: $4,000 Example: A clergyperson…

17. Retired Clergy Housing Allowance Exclusion—Examples