Helping you pursue your future dreams - Empower Retirement€¦ · your future dreams Your 401(k)...

Helping you pursue your future dreamsYour 401(k) plan is moving to Empower Retirement effective October 1, 2019

We’ve got your back

As you continue to plan for a successful future, we’re here to help. Let us know if you have any questions about your plan, or if you need to make updates to your account.

Check in at amfamenterprise401k.com or 866-265-0001. Get more information about the transition online at amfamenterprise401k.com.

Your future in the makingWelcome to Empower Retirement. Your journey is about to begin.

This guidebook is intended to help you understand what you need to do, what to expect during the transition of your American Family 401(k) Plan and which features you can expect to see, including:

• Enhanced online tools that help you estimate your potential monthly income in retirement, integrating healthcare costs and peer comparisons.

• The Empower Retirement app to view your account wherever you go.

• Expanded customer service with access to representatives weekdays from 7 a.m. to 9 p.m. Central time and Saturdays from 8 a.m. to 4:30 p.m. Central time.

NO ACTION IS NEEDEDYou don’t need to do anything right now unless you want to make changes to your account. Once the transfer is complete, you will receive a postcard from Empower.

Mark your calendar September 20, 2019

Deadline for paperwork This is your last day to request paperwork for hardship withdrawals, principal residence loans, beneficiary authorization and rollover contributions from Alight.

September 27, 2019, after 3 p.m. Central time

Blackout period begins During this period, you will have view-only access to your account at Alight and will no longer be able to make transaction requests. This “blackout period” will give us time to transfer your plan’s administrative records to Empower Retirement (see the Important notice section of this document for details).

Payroll deductions and any employer matching contributions will continue during the blackout period and will be reflected in your account when the blackout is complete.

Week of October 6, 2019

Blackout period is expected to endOnce the blackout period has ended, you will have full access to your account online and by phone.

These dates and times are subject to change. Please contact Empower if you would like to confirm the status of the blackout period.

TIP We recommend evaluating your retirement planning, as well as your overall financial plan, before the blackout period begins so you can be prepared

Start off on the right footYour account statements

Alight will provide a final statement that reflects the closing of your account in September 2019. You’ll receive your first statement from Empower in January 2020, which will show you the amount transferred into your new account.

Not employed at American Family?

You’re receiving this announcement because you have a balance in the American Family 401(k) Plan. Even though you’re not actively contributing to your account, you can still take advantage of other benefits the plan offers.

Catch-up contribution rates What are catch-up contributions?

• Participants 50 years of age or older in the 2019 calendar year are able to make additional annual contributions on a pretax and/or Roth basis (subject to certain IRS limits) that exceed the 402(g) annual contribution limit.

• For 2019, the 402(g) limit is $19,000 and the catch-up contribution limit is $6,000.

What is changing?

Effective October 1, 2019, catch-up contributions will be simplified by combining them with your pretax and Roth contribution rate(s). You will no longer need to make a separate catch-up contribution rate election and you will no longer see two separate deduction codes on your pay checks. In addition, all contribution rates will be made as a percent.

What action may be required?

Your catch-up dollar contribution rate will not transfer from Alight to Empower. When the blackout period ends, log in to your account at amfamenterprise401k.com to review your pretax or Roth contribution rate(s) to determine if you need to increase your contribution rate to reflect your desired contributions for the year. You can see whether or not you’re on track to meet the annual limit by clicking on the American Family 401(k) Plan link on the right side of the screen and then scrolling down to the 2019 Contributions section. The projection is based on your year-to-date contributions as well as your current contribution rates.

If you do not make a change to your account, your pretax contribution rate and Roth contribution rate will continue. Your catch-up dollar contribution rate will not carry forward, nor will it be added to your current pretax contribution rate or Roth contribution rate.

To make or change your contribution rate(s) after the blackout period has ended:

• Call 866-265-0001 or

• Access Empower directly from Your Benefits Center at bswift or visit amfamenterprise401k.com

1. Select My Accounts

2. From the left menu, select My Contributions under Paycheck Contributions

Start saving more for retirement!Effective October 1, 2019, we’re making it easier to save by increasing the maximum amount you can save toward retirement from 30% to 50% of your eligible salary. This means you may select up to 50% for any one of your contribution rates (pretax, Roth or after-tax) or up to 50% as a combination of your contribution rates.

What’s new in your plan American Family understands your plan is an important part of your long-term financial strategy. Check out what’s available to you:

A more personalized approach to investing

Similar to the professional management program at Alight, let our experienced investment professionals create a personalized retirement strategy, just for you.

With the Professional Management Program, we go beyond the typical “age-based” investment strategy to look at your lifestyle, situation and goals to create a strategy that is tailored to you instead of a number.

And because your investment needs evolve over time, we continually review your strategy and work with you to make adjustments for your situation.

The result is a retirement strategy that is personalized, simplified, comprehensive and one-on-one.

• PERSONALIZED: We develop an investment strategy tailored to your needs and goals.

• SIMPLIFIED: You don’t have to be an investment professional. We can do the work for you to help you feel confident that you’re staying on track.

• COMPREHENSIVE: We’ll look at your full financial picture to help ensure you have a plan that addresses your saving, investing and retirement income needs.

• ONE-ON-ONE: You have ongoing access to investment adviser representatives.

If you prefer to manage your own investments but would like some assistance, Online Advice* generates personalized saving and investing suggestions to help you make decisions based on information you provide about your situation and your goals.

There is no guarantee provided by any party that participation in any of the advisory services will result in a profit.

Find out more or get started at amfamenterprise401k.com.

Unitized funds

Please note that the Vanguard Short-Term Bond Index Fund will change from a unitized to a share accounted investment in the transition to Empower. As a result of this change, if you invest in this fund, you will see a difference in the number of units/shares upon transition, but your market value will remain the same.

Loan payments

If you have separated from employment, or are no longer eligible for the plan, and you are currently repaying a loan through automated clearing house (ACH) debits from a personal banking account, your banking account information will not transfer to Empower. To ensure your loan repayments continue and you do not default on the loan, please contact Empower to re-establish your ACH payments once the blackout period ends.

* Online Advice and the Professional Management Program are part of the Empower Retirement Advisory Services suite of services offered by Advised Assets Group, LLC, a registered investment adviser.

How your account will transferThe chart below shows you how your account will transfer to Empower. There are no changes to the investments in the plan, however you will see the full fund name at Empower.

If you’d like your account to transfer differently, simply change the elections for your current balance and your future contributions, if you’re an active employee, by contacting Alight by September 27, 2019. You can also make changes with Empower after the transfer is complete.

FUND NAME AT ALIGHT: FUND NAME AT EMPOWER:

Money Market (N/A) American Family 401(k)-Deutsche Money Market (N/A)

Short-Term Bond Index (N/A) American Family 401(k)-Vanguard Short-Term Bond (VBIRX)

Bond (N/A) American Family 401(k)-Blackrock Core Fixed Income (N/A)

Dodge & Cox International Stock (DODFX) Dodge & Cox International Stock (DODFX)

Harbor International Growth Fund Retirement (HNGFX) Harbor International Growth Fund Retirement (HNGFX)

Small Cap Equity Index (N/A) American Family 401(k)-Northern Trust Russell 2000 Index (N/A)

Small Cap Core (N/A) American Family 401(k)-Northern Trust Small Cap (N/A)

International Index (N/A) American Family 401(k)-Northern Trust ACWI (N/A)

John Hancock Funds Disciplined Value Mid Cap Fund Class R6 ( JVMRX)

John Hancock Funds Disciplined Value Mid Cap Fund Class R6 ( JVMRX)

All Cap Equity Index (N/A) American Family 401(k)-Northern Trust All Cap Index (N/A)

Target Retirement Income (N/A) Vanguard Target Retirement Income Trust II (N/A)

Target Retirement 2015 (N/A) Vanguard Target Retirement 2015 Trust II (N/A)










Generally, the asset allocation of each target date fund will gradually become more conservative as the fund nears the target retirement date. The date in a target date fund’s name is the approximate date when investors are expected to start withdrawing their money (generally assumed to be at age 65). The principal value of the fund(s) is not guaranteed at any time, including at the time of the target date and/or withdrawal.

If you were enrolled in the professional management program at Alight, your enrollment in that program will transfer automatically to Empower.

These changes may result in an increase or decrease in your investment risk exposure and may or may not be consistent with your target strategy or investment style. You are urged to review your account prior to and/or after the changes occur and make adjustments to your asset allocation if necessary.

Important notice concerning your rights in the American Family 401(k) PlanAugust 21, 2019

This notice is to inform you that your account in the American Family 401(k) Plan will transfer to Empower Retirement effective October 1, 2019.

As a result of this change, you temporarily will be unable to check your account balance and transfer or diversify your investments in your American Family 401(k) Plan account or obtain a loan, withdrawal or distribution. This period during which you will be unable to exercise these rights otherwise available under the plan is called a blackout period. Whether or not you are planning retirement in the near future, we encourage you to carefully consider how this blackout period may affect your retirement planning, as well as your overall financial plan.

The temporary blackout period begins at 3 p.m. Central time on September 27, 2019, and ends during the week of October 6, 2019. During this period, there will be restrictions on transactions in your plan account and a period during which you will have no access to your account at all.

You will have complete access to your account at Empower the week of October 6, 2019.

Before the blackout period begins, it is very important that you review and consider the appropriateness of your current investments because you will be unable to transfer or diversify those investments during the blackout period. For your long-term retirement security, you should give careful consideration to the importance of a well-balanced and diversified investment portfolio, taking into account all your assets, income and investments.

To review your plan account before the blackout period begins, contact Alight at 877-902-6326 or access your account online at yourbenefitsresources.com/amfam by September 27, 2019. If you have questions concerning this notice, please contact Empower at 866-265-0001.

You will have complete access to your account at Empower when the blackout period ends during the week of October 6, 2019. If you would like to confirm the status of the blackout period, contact Empower at 866-265-0001, amfamenterprise401k.com, or P.O. Box 173764 Denver, CO 80217-3764.

Carefully consider the investment option’s objectives, risks, fees and expenses. Contact us for a prospectus, summary prospectus or disclosure document containing this information. Read each carefully before investing.

You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund’s sponsor has no legal obligation to provide financial support to the fund, and you should not expect that the sponsor will provide financial support to the fund at any time.

Securities offered by GWFS Equities, Inc., Member FINRA/SIPC, marketed under the Empower brand. GWFS is affiliated with Great-West Funds, Inc.; Great-West Trust Company, LLC; and registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC, marketed under the Great-West Investments™ brand. This material has been prepared for informational and educational purposes only and is not intended to provide investment, legal or tax advice.Investing involves risk, including possible loss of principal.Diversification does not ensure a profit and does not protect against loss in declining markets. Asset allocation does not ensure a profit and does not protect against loss in declining markets.Equity securities of small and mid-size companies may be more volatile than securities of larger, more established companies.A collective trust stable value fund is offered by a bank or trust company. These investments have interest rate, inflation and credit risks associated with the underlying assets owned by the portfolio or fund. The strength of the wrap contracts, which provide book-value guarantees associated with a fund, depends on the financial strength of the financial institutions issuing the contracts.Foreign investments involve special risks, including currency fluctuations, taxation differences and political developments.Asset allocation and balanced investment options and models are subject to the risks of the underlying investments, which can be a mix of stocks/stock funds and bonds/bond funds.Alight is not affiliated with GWFS Equities, Inc. or its parent company or affiliates. ©2019 Great-West Life & Annuity Insurance Company. All rights reserved. 150531-01-SOX-28319-1908 RO918662-0719

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Notice of Investment Returns & Fee Comparison 150531-01 American Family 401(k) Plan

amfamenterprise401k.com Your employer-sponsored retirement savings plan allows eligible employees to invest for their retirement. These plans can be valuable in helping participants reach their retirement savings goals. The goal is to build your account through additional contributions and investment returns in your plan. Fees and expenses related to your plan can affect the overall long-term value of your account. The investment options you choose also affect your account. It is important for you to have a clear understanding of the investment options available through your plan and the fees and expenses that are part of your plan. This notice includes information to help you understand plan costs and compare your retirement plan's investment options. It was designed to meet the participant fee disclosure regulations of the United States Department of Labor (DOL). For more information on the plan's investment options including investment objectives or goals, principal strategies and risks, portfolio turnover rate, current returns and expenses, please visit the Participant website listed above. This website also includes educational information and tools designed to help you with making investment decisions. Additional information on the plan's investment options is also available on the Participant website which may include prospectuses or similar documents and fund reports to the extent applicable and fund share/unit valuations. Paper copies of the investment related information available on the Participant website can be obtained at no cost by contacting Empower Retirement at:

Empower Retirement P.O. Box 173764 Denver, CO 80217-3764 Participant Call Center: 1-866-265-0001

SECTION Document Summary

1

Investment Rate of Return Information - Shows investment return information for your Plan's investment options. It shows past performance and comparisons to the performance of a comparable benchmark over 1, 5 and 10 year periods or since inception if the investment option's inception date is less than 10 years.

2

Investment-Related Fees, Expense Information, and Transfer Restrictions - Shows fees and expenses associated with the investments in your Plan. This section also shows any investment restrictions.

3

Plan-Related Information - Shows your Plan related information and the General Administrative Services Expenses and Participant Elected Services Expenses tables. The General Administrative Services Expenses table shows non-investment expenses that pay for operating your Plan. The Participant Elected Services Expenses table shows expenses for optional services available through your Plan that may be charged to your individual account for the services you use.

1 – Investment Rate of Return Information

Variable Rate of Return Investments Table This table looks at the rates of return from investments that increase and decrease in value. The table shows how these investments have performed over time. You can compare each investment option to a benchmark for the same time periods. Past performance does not guarantee how the investment option will perform in the future. Your investment in these options could lose money. In addition to the web addresses listed in the table, more information about the investments in your Plan including an investment option’s principal risks is available on the Participant website listed in the title.

Variable Return Investments

Investment Option

Average Annual Total Return as of 06/30/2019

1yr. 5yr. 10yr. Since Inception

Benchmark** as of 06/30/2019

1yr. 5yr. 10yr. Since Inception Asset Allocation The Vanguard Target Retire Incm Trust II1,2

6.60% 4.23% 6.40% 5.00% 5.90% 3.94% 6.03% * S&P Target Date Retirement Income TR USD

www.vanguard.com


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Investment Option

1yr.


5yr. 10yr. Since Inception

1yr.


5yr. 10yr. Since Inception The Vanguard Target Retire 2015 Trust II1,2

6.50% 4.95% 8.37% 5.72% 5.77% 4.77% 7.89% S&P Target Date 2015 TR USD

*

www.vanguard.com

The Vanguard Target Retire 2020 Trust II1,2


*

www.vanguard.com



*

www.vanguard.com



*

www.vanguard.com



*

www.vanguard.com



*

www.vanguard.com



*

www.vanguard.com



*

www.vanguard.com


5.93% 6.89% N/A 10.86% 5.03% 6.79% N/A S&P Target Date 2055 TR USD

*

www.vanguard.com


5.94% 6.90% N/A 9.49% 5.03% 6.79% N/A S&P Target Date 2055 TR USD

*

www.vanguard.com

International Funds Dodge & Cox International Stock1,2

-0.31% 0.42% 7.41% 6.93% 1.29% 3.36% 7.72% * Morningstar Global Markets ex-US GR USD

www.dodgeandcox.com

Harbor International Growth Retirement2

0.21% 4.08% 6.96% 10.04% 1.29% 3.36% 7.72% 9.92% Morningstar Global Markets ex-US GR USD

www.harborfunds.com

Small Cap Funds American Family Northern Trust Small Cap

-3.30% N/A N/A 13.41% -1.50% N/A N/A Morningstar US Small Cap TR USD

6.67%

Website not available.

Mid Cap Funds JHancock Disciplined Value Mid Cap R62

3.53% 8.14% 15.26% 13.87% 1.87% 7.53% 15.18% Morningstar US Mid Value TR USD

13.79%

www.jhfunds.com

Large Cap Funds American Family Blackrock Core Fixed Inc

8.55% 3.22% 4.12% 5.26%


American Family Northern Tr Russell 2000

-2.23% * * 6.71% 9.10% 10.33% 14.66% Wilshire 5000 Total Market TR USD

14.44%



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Investment Option

1yr.


5yr. 10yr. Since Inception

1yr.


5yr. 10yr. Since Inception American Family Northern Trust ACWI

1.54% N/A N/A 4.47% 9.10% N/A N/A Wilshire 5000 Total Market TR USD

11.84%


Bond American Family Northern Trust AllCp Idx

* * * 10.11% 8.56% 9.31% 15.72% Morningstar US Mid Cap TR USD

*


Vanguard Short-Term Bond Index Adm1,2

5.22% 1.74% 2.13% 2.93% 4.85% 1.65% 1.92% * Morningstar US Short-Term Core Bond TR U

www.vanguard.com

Money Market American Family Deutsche Money Market

2.27% 0.84% 0.54% 3.37%


Please note that if an investment option has not been in existence for 10 years, a "Since Start/Inception Date" return will be displayed. If the investment option has been in existence for 10 years or more, a "10-Year" return will be displayed. Returns shown for the corresponding benchmark are for the same time period as the investment option. 1 Additional information on this Investment Option can be found in Section 2.

2 Mutual Fund Option. The start date is that of the fund's original share class. Performance returns for mutual fund options in your Plan offering a different share class with a more current start date have been adjusted to reflect the fees and charges associated with the actual share class.

* Performance returns not available at time of production.

N/A - Performance returns are not applicable.

** A benchmark index is not actively managed. It does not have a defined investment objective and does not incur fees or expenses. You cannot invest directly in a benchmark index.

2 – Investment-Related Fees, Expense Information, and Transfer Restrictions

Investment-Related Fees, Expense Information and Transfer Restrictions This table looks at fees, expenses and transfer restrictions associated with the investments in your Plan. Fees and expenses are only two of many things to consider when deciding to invest. You may also want to think about whether an investment in a particular investment option, along with your other investments, will help you reach your financial goals.

Fees, Expenses and Restrictions

as of 08/09/2019 Investment Option

Gross/Net Total Annual Operating Expenses As a %~

Gross Per $1000

Transfer Rule

Shareholder Type Fees^

Asset Allocation The Vanguard Target Retire Incm 0.08%/ $.80 per

1

Trust II 0.08% $1,000

The Vanguard Target Retire 2015 0.08%/ $.80 per 1

Trust II 0.08% $1,000


Trust II 0.08% $1,000


Trust II 0.08% $1,000


Trust II 0.08% $1,000 The Vanguard Target Retire 2035 0.08%/ $.80 per

1

Trust II 0.08% $1,000


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Investment Option

Gross/Net Total Annual Operating Expenses As a %~

Gross Per $1000

Transfer Rule

Shareholder Type Fees^

The Vanguard Target Retire 2040 Trust II

0.08%/ 0.08%

$.80 per $1,000 1


0.08%/ 0.08%

$.80 per $1,000 1


0.08%/ 0.08%

$.80 per $1,000 1


0.08%/ 0.08%

$.80 per $1,000 1


0.08%/ 0.08%

$.80 per $1,000 1

International Funds

Dodge & Cox International Stock 0.63%/ 0.63%

$6.30 per $1,000 2

Harbor International Growth Retirement

0.82%/ 0.77%

$8.20 per $1,000

Small Cap Funds

American Family Northern Trust Small Cap

0.05%/ 0.05%

$.50 per $1,000

Mid Cap Funds

JHancock Disciplined Value Mid Cap R6

0.77%/ 0.76%

$7.70 per $1,000

Large Cap Funds

American Family Blackrock Core Fixed Inc

0.10%/ 0.10%

$1.00 per $1,000

American Family Northern Tr Russell 2000

0.01%/ 0.01%

$.13 per $1,000

American Family Northern Trust ACWI

0.02%/ 0.02%

$.23 per $1,000

Bond

American Family Northern Trust AllCp Idx

0.01%/ 0.01%

$.13 per $1,000

Vanguard Short-Term Bond Index Adm

0.07%/ 0.07%

$.70 per $1,000 1

Money Market

American Family Deutsche Money Market

0.06%/ 0.06%

$.60 per $1,000

Rule #1 - Fund company restriction: A transfer into this fund will not be permitted if a prior transfer was made out of this fund in the last 30 days.

Rule #2 - Due to the frequent trading policy and procedures regarding market timing and excessive trading, if 2 round trips have been processed INTO the fund there may be transfer restrictions. Given the fund's frequent trading policy and procedures and previous warnings, you may be restricted from transferring money into this fund for 30 days.

~ Gross Total Annual Operating Expenses are the gross fees potentially charged to the investment option and are displayed above in accordance with fee disclosure regulations. The Net Total Annual Operating Expenses, also displayed above as supplementary information, are the actual amounts charged by the investment option and may be different from the Gross Expenses due to certain fee waivers or additional expenses charged by other service providers. Expenses reduce the return of the investment option. Part of these fees may be shared with the plan's service providers to help pay for plan administration and/or recordkeeping fees. Part of these fees may be shared with the plan's service providers and, under an agreement with the applicable plan fiduciaries, may be used to help pay for plan administration and/or recordkeeping fees. The plan's fiduciaries may make changes to the plan's investments at any time subject to applicable notice requirements. Please see the participant website for more information.


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Please note that any Asset Allocation Models listed above are not separate investment options and that Gross/Net Total Annual Operating Expenses are not separately calculated for the Models. The annual expense information provided for any Asset Allocation Model in table 2 above is for informational purposes only and is determined by adding together the weighted percentage of the Total Annual Operating Expenses (Gross and Net) of each of the Plan’s investment options utilized in the Asset Allocation Models. For information on the investment options and allocation strategies of each Asset Allocation Model, if applicable, please visit the plan’s website or contact the Participant Call Center.

^ Shareholder/Shareholder-Type Fees are fees paid directly from your investment in this option (e.g., sales loads, sales charges, deferred sales charges, redemption fees, exchange fees, account fees, purchase fees, transfer or withdrawal fees).

Revenue Credit For certain investment options, revenue credits are paid by your retirement plan recordkeeper to the Plan and allocated to participants who are investing in the specific investment options. Revenue credits are allocated to your account at a frequency (i.e. monthly, quarterly, etc.) determined by your plan sponsor. NOTE: More current information about the Plan's investment options, including fees, expenses and performance updates, may be available on the Participant website listed in the title.

3 – Plan-Related Information This section provides general Plan information, including a description of non-investment management fees and expenses that may be charged to your account. This section also includes information on General Administrative Services Expenses and Participant-Elected Services Expenses. Blank fields in the table below can be assumed to be not applicable or zero. If there is no General Administrative Services Expenses table displayed there are no General Administrative Services fees paid by you for your Plan.

General Information Non-Investment Management Fees and Expenses: Includes recordkeeping, accounting, legal or other administrative fees that may be charged to your account. The dollar amount actually charged to your account during the previous quarter for such administrative or individual expenses will be reported to you on your quarterly statement. If you have additional questions related to fees on your account, please contact the Participant Call Center at the number listed on the first page of this document. Investment Instructions: Your Plan lets you direct the investment of your account in the investment options listed in Section 1. You may make changes to your investment options via the Participant website or by calling the Participant Call Center during normal business hours at the number listed on the first page of this document. Limitations on Investments: Limits on making changes to your investment choices may be imposed by the Plan Sponsor or by a manager of an investment option. Any limits or restrictions made by a fund manager are described in the prospectus for the fund. They include restrictions intended to prevent “market timing” (i.e., rapid trading in and out of a fund). In addition to the limits and restrictions described in the prospectus, the Plan Sponsor may have other restrictions on making changes to your investment choices. These restrictions are included in the table in Section 2. For more information on investment restrictions in your plan, contact the Participant Call Center at the number listed on the first page of this document. Voting, Tender, and Similar Rights: Certain investments in your account may give you the opportunity to vote on proposals or tender offers. If and when such opportunities happen, you will receive a notice with the instructions on how to vote on the proposals and take advantage of what is being offered as applicable. Your elections and information regarding the investments in your account are kept confidential and will not be revealed except as required by law. Plan Sponsor intends for this plan to be compliant with section 404(c) of the Employee Retirement Income Security Act, and 29 CFR 2550.404c-1. Fiduciaries of the Plan may be relieved of liability for any losses which are the direct result of investment instructions given by participants or beneficiaries.

Participant Elected Services Expenses Table This table shows expenses for optional services available through your plan. Certain fees may be charged to your individual account for optional services you use.

Participant Elected Services Expenses

as of 08/09/2019 Service Fee Amount Frequency Description

Participant Loan (Origination) $50.00 Per Distribution This fee is associated with originating a loan through your company's

retirement plan.

WIRE Special Handling Charge $40.00 Per Distribution Wire Charge


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Service Fee Amount Frequency Description Distribution Fee

$15.00

Per Distribution

Fee for taking a withdrawal against your plan balance. This fee is deducted from the withdrawal proceeds. If you initiate more than one withdrawal you will be assessed the fee for each new withdrawal.

ACH Special Handling Charge $15.00 Per Distribution ACH Charge

EXPRESS Special Handling Charge $25.00 Per Distribution Express Delivery Charge

Hardship Qualification Services

$75.00

Annual

Hardship qualification services. This fee only applies if you request a hardship withdrawal/distribution review and is charged once per review request.

Loan Maintenance Fee

$6.25

Quarterly

This flat fee covers the annual maintenance of your existing loan and is deducted from your account balance each quarter. If you have more than one loan, you will be assessed the fee for each outstanding loan.

Empower Retirement Advisory Services Professional Management Program

Up to $10K = 0.000000% Next $140K = 0.112500% Over $150K = 0.050000%

Quarterly

This fee applies if you are enrolled in the service and is deducted from the assets within the service.

Domestic Relations Order Services

$300.00

Per Occurrence

This fee only applies if you request a QDRO distribution/withdrawal and covers the cost of reviewing and processing a Qualified Domestic Relations Order and is charged once per review request.

Your Plan may charge fees related to certain approval (e.g., Domestic Relations Orders, hardship withdrawals, etc.) or other (e.g. advisory) services. For further information regarding these potential fees, please contact the Participant Call Center at the number listed on the first page of this document. Your Plan may also charge general administration fees related to the delivery of plan communications. In such event, a fee may be deducted from your individual plan account on a per communication basis or on a quarterly or annual basis. The cost per communication is generally between $2 to $3. Fees and expenses do add up over time and can substantially reduce the growth of your retirement savings. Fees and expenses are only two of several factors to consider when you make investment decisions. You can visit the Department of Labor's website for an example showing the long-term effects of fees and expenses at https://www.dol.gov/agencies/ebsa/about-ebsa/our-activities/resource-center/publications/understanding-your-retirement- plan-fees. Visit the Participant website listed in the title for a "Glossary of Investment Terms" relevant to the investment options under your Plan.

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Qualified Default Investment Alternative150531-01 American Family 401(k) Plan

amfamenterprise401k.comThis Qualified Default Investment Alternative (QDIA) notice gives you important investment information related to youraccount under the American Family 401(k) Plan (the Plan). You should read this notice very carefully to understandhow your Plan account assets will be invested if you do not make an investment election for all or any portion ofyour account.The Plan lets you invest your account in a number of different investment funds.Unless you choose investment fund(s), your Plan account will be invested in the following investment fund(s):

Investment Fund: Birth YearThe Vanguard Target Retire Incm Trust II 1900 to 1947The Vanguard Target Retire 2015 Trust II 1948 to 1952The Vanguard Target Retire 2020 Trust II 1953 to 1957The Vanguard Target Retire 2025 Trust II 1958 to 1962The Vanguard Target Retire 2030 Trust II 1963 to 1967The Vanguard Target Retire 2035 Trust II 1968 to 1972The Vanguard Target Retire 2040 Trust II 1973 to 1977The Vanguard Target Retire 2045 Trust II 1978 to 1982The Vanguard Target Retire 2050 Trust II 1983 to 1987The Vanguard Target Retire 2055 Trust II 1988 to 1992The Vanguard Target Retire 2060 Trust II 1993 or later

The Vanguard TargetRetire 2015 Trust II

Investment Objective & Strategy

Vanguard Target Retirement 2015 Trust uses an asset allocation strategy designed forinvestors planning to retire between 2013 and 2017. The trust seeks to provide growthof capital and current income consistent with its current target allocation by investing ina gradually more conservative mix of the following Vanguard funds: Total Stock MarketIndex Fund, Total Bond Market II Index Fund, Total International Bond Index Fund,Short-Term Inflation-Protected Securities Index Fund, and Total International StockIndex Fund.

Fund InvestmentExpense as of 06/30/2019

Gross:Net:

0.08%0.08%

Risk and Return Profile

This investment option may be most appropriate for someone willing to take some riskto achieve higher potential returns but also seeking income as a secondary objective.The investor may be in or approaching retirement or may prefer to take less risk thanother investors. Investors choosing this option want to invest in a mixture of diverseinvestments suiting their needs but may not have the time, desire, or knowledgeto select and manage their own portfolios. The date in a target date fund's namerepresents an approximate date when an investor is expected to retire (which isassumed to be at age 65) and/or begins withdrawing money. The principal value ofthe funds is not guaranteed at any time, including the target date. Asset allocation andbalanced investment options and models are subject to the risks of the underlyingfunds, which can be a mix of stocks/stock funds and bonds/bond funds. For moreinformation, please refer to the fund prospectus and/or disclosure document.


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Vanguard Target Retirement 2020 Trust Plus an asset allocation strategy designed forinvestors planning to retire between 2018 and 2022. The trust seeks to provide growthof capital and current income consistent with its current target allocation by investing ina gradually more conservative mix of the following Vanguard funds: Total Stock MarketIndex Fund, Total Bond Market II Index Fund, Short-Term Inflation-Protected SecuritiesIndex Fund, and Total International Stock Index Fund.


Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone willing to take somerisk to achieve higher potential returns. The investor may be approaching retirement,with a short investment horizon, or may prefer to take less risk than other investors.Investors choosing this option want to invest in a mixture of diverse investmentssuiting their needs but may not have the time, desire, or knowledge to select theirown portfolios. The date in a target date fund's name represents an approximatedate when an investor is expected to retire (which is assumed to be at age 65) and/orbegins withdrawing money. The principal value of the funds is not guaranteed at anytime, including the target date. Asset allocation and balanced investment options andmodels are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, please refer to the fundprospectus and/or disclosure document.



Vanguard Target Retirement 2025 Trust uses an asset allocation strategy designed forinvestors planning to retire between 2023 and 2027. The trust seeks to provide growthof capital and current income consistent with its current target allocation by investing ina gradually more conservative mix of the following Vanguard funds: Total Stock MarketIndex Fund, Total Bond Market II Index Fund, Total International Bond Index Fund, andTotal International Stock Index Fund.


Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone willing to take somerisk to achieve higher potential returns. The investor may be approaching retirement,with a short investment horizon, or may prefer to take less risk than other investors.Investors choosing this option want to invest in a mixture of diverse investmentssuiting their needs but may not have the time, desire, or knowledge to select theirown portfolios. The date in a target date fund’s name represents an approximatedate when an investor is expected to retire (which is assumed to be at age 65) and/orbegins withdrawing money. The principal value of the funds is not guaranteed at anytime, including the target date. Asset allocation and balanced investment options andmodels are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, please refer to the fundprospectus and/or disclosure document.





Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone willing to balance therisk of principal fluctuation with the potential for greater capital growth over time. Theinvestor may have a medium investment horizon. Investors choosing this option wantto invest in a mixture of diverse investments suiting their needs but may not have thetime, desire, or knowledge to select their own portfolios. The date in a target datefund’s name represents an approximate date when an investor is expected to retire(which is assumed to be at age 65) and/or begins withdrawing money. The principalvalue of the funds is not guaranteed at any time, including the target date. Assetallocation and balanced investment options and models are subject to the risks of theunderlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. Formore information, please refer to the fund prospectus and/or disclosure document.


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Vanguard Target Retirement 2035 Trust Plus an asset allocation strategy designed forinvestors planning to retire between 2033 and 2037. The trust seeks to provide growthof capital and current income consistent with its current target allocation by investing ina gradually more conservative mix of the following Vanguard funds: Total Stock MarketIndex Fund, Total Bond Market II Index Fund, Total International Bond Index Fund, andTotal International Stock Index Fund.


Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone willing to balance therisk of principal fluctuation with the potential for greater capital growth over time.The investor may have a medium investment horizon, or may prefer to take lessrisk than more aggressive investors. Investors choosing this option want to investin a mixture of diverse investments suiting their needs but may not have the time,desire, or knowledge to select their own portfolios. The date in a target date fund'sname represents an approximate date when an investor is expected to retire (whichis assumed to be at age 65) and/or begins withdrawing money. The principal valueof the funds is not guaranteed at any time, including the target date. Asset allocationand balanced investment options and models are subject to the risks of the underlyingfunds, which can be a mix of stocks/stock funds and bonds/bond funds. For moreinformation, please refer to the fund prospectus and/or disclosure document.





Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone with a high priorityfor capital growth and willing to accept a greater degree of risk. The investor mayhave a medium to long investment horizon, or may prefer to take less risk than moreaggressive investors. Investors choosing this option want to invest in a mixtureof diverse investments suiting their needs but may not have the time, desire, orknowledge to select their own portfolios. The date in a target date fund's namerepresents an approximate date when an investor is expected to retire (which isassumed to be at age 65) and/or begins withdrawing money. The principal value ofthe funds is not guaranteed at any time, including the target date. Asset allocation andbalanced investment options and models are subject to the risks of the underlyingfunds, which can be a mix of stocks/stock funds and bonds/bond funds. For moreinformation, please refer to the fund prospectus and/or disclosure document.





Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone with a high priority forcapital growth and willing to accept a greater degree of risk. The investor is comfortablewith the ups and downs of the market and has a long investment horizon. Investorschoosing this option want to invest in a mixture of diverse investments suiting their needsbut may not have the time, desire, or knowledge to select their own portfolios. The date ina target date fund’s name represents an approximate date when an investor is expectedto retire (which is assumed to be at age 65) and/or begins withdrawing money. Theprincipal value of the funds is not guaranteed at any time, including the target date. Assetallocation and balanced investment options and models are subject to the risks of theunderlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. Formore information, please refer to the fund prospectus and/or disclosure document.


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Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone with a high priorityfor capital growth and willing to accept a greater degree of risk. The investor mayhave a long investment horizon, or may prefer to take less risk than more aggressiveinvestors. Investors choosing this option want to invest in a mixture of diverseinvestments suiting their needs but may not have the time, desire, or knowledgeto select their own portfolios. The date in a target date fund's name represents anapproximate date when an investor is expected to retire (which is assumed to be atage 65) and/or begins withdrawing money. The principal value of the funds is notguaranteed at any time, including the target date. Asset allocation and balancedinvestment options and models are subject to the risks of the underlying funds, whichcan be a mix of stocks/stock funds and bonds/bond funds. For more information,please refer to the fund prospectus and/or disclosure document.





Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone with a high priorityfor capital growth and willing to accept a greater degree of risk. The investor iscomfortable with the ups and downs of the market and has a long investment horizon.Investors choosing this option want to invest in a mixture of diverse investmentssuiting their needs but may not have the time, desire, or knowledge to select theirown portfolios. The date in a target date fund’s name represents an approximatedate when an investor is expected to retire (which is assumed to be at age 65) and/orbegins withdrawing money. The principal value of the funds is not guaranteed at anytime, including the target date. Asset allocation and balanced investment options andmodels are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, please refer to the fundprospectus and/or disclosure document.


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Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone with a high priorityfor capital growth and willing to accept a greater degree of risk. The investor iscomfortable with the ups and downs of the market and has a long investment horizon.Investors choosing this option want to invest in a mixture of diverse investmentssuiting their needs but may not have the time, desire, or knowledge to select theirown portfolios. The date in a target date fund’s name represents an approximatedate when an investor is expected to retire (which is assumed to be at age 65) and/orbegins withdrawing money. The principal value of the funds is not guaranteed at anytime, including the target date. Asset allocation and balanced investment options andmodels are subject to the risks of the underlying funds, which can be a mix of stocks/stock funds and bonds/bond funds. For more information, please refer to the fundprospectus and/or disclosure document.

The Vanguard TargetRetire Incm Trust II


Vanguard Target Retirement Income Trust uses an asset allocation strategy designedfor investors currently in retirement. The trust seeks to provide current income andsome capital appreciation by investing in a mix of the following five Vanguard funds:Total Bond Market II Index Fund, Total Stock Market Index Fund, Total InternationalBond Index Fund, Short-Term Inflation-Protected Securities Index Fund, and TotalInternational Stock Index Fund.


Gross:Net:

0.08%0.08%


This investment option may be most appropriate for someone whose highest priorityis principal security and is willing to accept lower potential return. The investor maybe in or approaching retirement or may prefer to take less risk than other investors.Investors choosing this option want to invest in a mixture of diverse investments suitingtheir needs but may not have the time, desire, or knowledge to select and manage theirown portfolios.

If you do not direct the investment of your account, your account will be invested in a Plan QDIA as determined by thePlan Administrator or other designated Plan investment fiduciary. Participant accounts are directed into a Plan QDIAbased on information reflected in the Plan's records, including, but are not limited to, anticipated retirement date, date ofbirth initially received at the time of default and/or risk profile, as applicable. Should you have further questions regardingthe QDIA investment fund selection process, please contact your Plan Administrator.More detailed information about the investment funds may be available in the prospectus, if applicable, which you canget by logging onto the Plan web site. In addition, you can find out more about the Plan in other documents, including thePlan's Summary Plan Description (SPD) and any Summary of Material Modifications (SMM).You can change how your Plan account is invested, among the Plan's offered investment funds, by either:

• logging onto the web site amfamenterprise401k.com and following the online instructions, or• by accessing your account using the automated phone system 1-866-265-0001.

To learn more about the Plan's investment funds and procedures for changing how your Plan account is invested you cancall 1-866-265-0001 or visit amfamenterprise401k.com. Also, you can contact your employer's Plan Administrator.Please consider the investment objectives, risks, fees and expenses carefully before investing. The prospectus contains thisand other information about the investment options. Depending on the investment options offered in your plan, your registeredrepresentative can provide you with prospectuses for any mutual funds; any applicable annuity contracts and the annuity'sunderlying funds; and/or disclosure documents for investment options exempt from SEC registration. Please read them carefullybefore investing.Core securities, when offered, are offered through GWFS Equities, Inc. and/or other broker dealers. GWFS Equities, Inc., MemberFINRA/SIPC, is a wholly owned subsidiary of Great-West Life & Annuity Insurance Company.Empower Retirement refers to the products and services offered in the retirement markets by Great-West Life & Annuity InsuranceCompany, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, HomeOffice: NY, NY, and their subsidiaries and affiliates. The trademarks, logos, service marks and design elements used are owned bytheir respective owners and are used by permission.


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Representatives of Empower Retirement do not offer or provide investment, fiduciary, financial, legal or tax advice or act in afiduciary capacity for any client unless explicitly described in writing. Please consult with your investment advisor, attorney and/ortax advisor as needed.Funds may impose redemption fees and/or transfer restrictions if assets are held for less than the published holding period.Not a Deposit. Not FDIC Insured. Not Bank Guaranteed. Funds May Lose Value. Not Insured by Any Federal Government Agency.Although data is gathered from reliable sources, including but not limited to Morningstar, Inc., the completeness or accuracy of the datashown cannot be guaranteed. Where data obtained from Morningstar, ©2018 Morningstar, Inc. All rights reserved. The data: (1) is proprietaryto Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely.Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Pastperformance is no guarantee of future results.©2019 Great-West Life & Annuity Insurance Company. All rights reserved. RO719444-0219

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Safe Harbor Notice effective October 1, 2019

150531-01 American Family 401(k) Plan amfamenterprise401k.com

The American Family 401(k) Plan (the "Plan") allows both the participants and American Family Mutual Insurance Company, S.I. (your "Employer") to make contributions to the Plan. In order to allow you to make an informed decision on the level of your own contributions, if any, and to meet certain Internal Revenue Code nondiscrimination requirements, your Employer must inform you of the type of contribution it will make to your Plan account. These contributions to your account are called “safe harbor” contributions. This notice is intended to meet that requirement for the Plan Year ending December 31, 2019.

Paycheck Contributions As explained more fully in the Summary Plan Description (SPD), you can contribute up to 50% of your eligible pay to your Plan on a before-tax or after-tax Roth basis. Your total paycheck contributions may not exceed the annual dollar limit set by the Internal Revenue Service (IRS).

If you are age 50 or older, you may be eligible to make before-tax or after-tax Roth “catch-up” contributions beyond the limits described above, up to the maximum annual “catch up” contribution amount.

Check your SPD for more information on the types and amounts of other paycheck contributions that can be made to your plan (if any), on the limits and the types of compensation included in eligible pay. If your Employer/Plan utilizes an Automatic Contribution Arrangement, you will receive a separate notice regarding these provisions from your Plan.

You may begin making paycheck contributions or change the amount of your paycheck contributions by contacting your Employer.

Safe Harbor Employer Contribution To help you make an informed decision about your paycheck contributions, it is important to know about the safe harbor employer contributions your Employer will make to your account.

Your Employer will make the following safe harbor matching contribution: 100% on the first 3%, and 50% of the next 2%. Your Employer’s safe harbor matching contribution depends on the amount you contribute out of your eligible pay.

Your Employer may amend the plan during the year to reduce or suspend the safe harbor employer contributions. If your Employer chooses to do so, you will receive a notice explaining the reduction or suspension at least 30 days before the change is effective. Your Employer will make any safe harbor contributions you have earned up to that point.

Other Plan Contributions In addition to the contributions described above, your Plan may allow for other contributions to be made. Check your SPD for other types of contributions allowed in the Plan, if any.

Vesting Provisions Vesting means the portion of your accounts in the Plan that you are entitled to receive if you no longer are employed by your Employer. Your paycheck contributions to the Plan and the safe harbor contributions made by your Employer (together with any investment gain or loss) are always fully vested.

You will also be fully vested in your plan accounts if you leave employment after reaching the Plan’s normal retirement age. If you leave your employment for any other reason, you will be entitled to receive only the vested portion of your Employer contribution accounts under the following schedule or schedules:

VESTING SCHEDULE Money Type Years of Service Vested Percentage COMPANY MATCH 0 - 99 100% QNEC 0 - 99 100% SAFE HARBOR MATCH 0 - 99 100%

Withdrawal Provisions Even if you are vested in your Plan account, Plan provisions dictate when you may withdraw your funds. These Plan provisions may be important to you in deciding how much, if any, to contribute to the Plan.

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In general, amounts accumulated in your Plan account are available after you leave employment with your Employer. Your beneficiary may withdraw any vested amount remaining in your Plan account after you die.

There may be certain money sources that are available for withdrawal at any time.

There is generally a 10% early withdrawal penalty on taxable withdrawals taken before age 59½ unless another exception applies. You can also learn more about taxation and the early withdrawal penalty in the Internal Revenue Service (IRS) Publication 575, “Pension and Annuity Income” or by seeking guidance from a financial expert.

Check your SPD for more information on your Plan’s withdrawal provisions.

Additional Information If you have additional questions after reading this notice and the Summary Plan Description (or to obtain a copy of the SPD), please contact Empower Retirement at 1-866-265-0001.

If there is a conflict between contents of this Safe Harbor notice and the Plan Document, the terms of the Plan Document will govern.

Securities offered through GWFS Equities, Inc., Member FINRA/SIPC, and/or other broker-dealers. Retirement products and services provided by Great-West Life & Annuity Insurance Company, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York, Home Office: New York, NY, and their subsidiaries and affiliates, including GWFS and registered investment advisers Advised Assets Group, LLC and Great-West Capital Management, LLC.

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