1. ACCE Benefits Trust Retirement Plan Transition Information Session
Thank you for your participation!
Today’s meeting will begin shortly.
Phones have been placed on mute for you to allow the comfort of meeting participants. Instruction to speak will follow when we begin.

2. Meeting Format & Housekeeping
I. Opening Comments
Mick Fleming, ACCE President/CEO
II. Transition for Participants
including participant level Q&A
III. Transition for Chamber Contacts
including chamber level Q&A
IV. Closing Comments
Debi Fredrickson, Sr. Relationship Manager, Principal Financial Group
Call lines will be placed on mute for the presentation.
Questions are encouraged and welcomed. Please the chat feature to send questions
We will respond to the questions during audio portion. Don’t feel you need to respond if you are a participant and know the answer. The ACCE Benefits Team and the Principal will answer questions.
After chat questions are answered we will allow others joining by phone only to ask questions.
Participant transition will be covered first followed by participant Q&A. If participants not working with the plan would like to leave after this section, they may do so. The last half of the meeting will be chamber level transition.
We are pleased that Mick Fleming, CEO & President of ACCE has joined us today so he will provide some opening comments before we get started.

3. ACCE Benefits Trust Retirement Plan Transition Information Session
Opening Comments by:
Mick Fleming, ACCE President/CEO

4. ACCE Benefits Trust Retirement Plan Transition Information Session
II. Transition for Participants
Transition Team on Today’s Call from The Principal
Torry Lyons, Sr. Participant Education Representative
Debi Fredrickson, Sr. Relationship Manager
Chris Reynalds, Sr. Client Transition Manger
Loyed Hedges, Sr. Client Service Manager
Also:
ACCE Benefits Team
David Huntley, Plan Advisor

5. Today’s Discussion Who is The Principal?
What can I expect during transition?
What resources are available under the new program?
Extend thank you from PFG to ACCE Chambers for opportunity to work with them
( Keeping in mind we’ll answer: will this transition cost me any money, how easy will this new program be able to use, how can I talk to a real person?)
Goals of the day:
Allow understanding of your new provider, PFG
Offer chamber & participant perspective of transition, events, required steps
Review new services and program benefits, tour transition sites and main features of
Answer your questions
*Reminder: this is preliminary call before the transition period. Purpose is to answer high level questions and provide overview of transition, including some level of detail. If subjects come up that will have later resources to cover details we’ll communicate this during today’s call.

6. A Global, Diversified Financial Services Organization
125 years of experience
Named by FORTUNE magazine as one of the “100 Best Companies to Work For” for the third year in a row (January 2006).
Fortune 500 company
$206 billion in assets under management*
PFG is:
Retirement Services leader
leader association market working with trusts like the ACCE Benefits Trust
Experienced working with average chamber size as a PFG is provider in all size plans
Shared values of civic service (United Way)
(We understand your work environment)
*As of 6/30/06

7. Benefits of Transition
Increased services to plan participant
Improved deposit time of plan contributions
Competitive diversified investment platform
Plan level and participant education
Efficient plan administration
Transfer existing balances among the available investment options
We mentioned that a great deal of thought went behind this transition and the benefits were positive for both chambers and plan participants.
For plan participants:
new investment line up including a stable value option target allocation options within a diversified investment platform
increased services to plan participants such as easy to follow statements and web access
A US based call center for questions
Education online, by phone, article library and planning center and select local and regional education at ACCE chambers when possible
Simplified distribution processes
Assistance as an employee and in retirement

8. Similar Investment Options
Transition for Plan Participants
automatically
transfer to
Existing Balances
Similar Investment Options
Transition Information Line:
Ext
Transition for plan participants will include some changes. However, no direct action is needed from plan participants to transfer balances from JP Morgan to The Principal.
During transition:
Existing balances AND investment direction will transfer to The Principal according to the mapping strategy
A detailed transition notice will be sent to your homes the week of August 26th providing transition dates and confirming mapping strategy
Reference or call us on the transition line
Participants in brokerage accounts will receive personalized packet by mail. These account transfers will need personal authorization. Information will be sent in August to impacted members.

9. Transition for Plan Participants
Transition Schedule:
Investment direction on future investment direction and salary deferral changes should be made by:
Wednesday, September 26th
Last day before transition to change investment direction on existing balances: 4pm EST Monday, October 22th
Expected transition period end: Friday, November 9th
Review of dates
It is important to consider your current investment direction in light of your inability to diversify during the transition period
A detailed transition notice will be sent by mail to your homes confirming the transition dates the week of August 26th.
Transition site will also be updated with these dates

10. Transition for Plan Participants
Break for Application Sharing of Participant level transition website.
Key features reviewed:
Home, Education Opportunities
Provide Feedback Link
Recent Communication Link
Investment Tab
New Investment Options/Transfer of Investment Options
Retirement Worksheet
Contact Us link for phone numbers
Tour should take between 2 and 3 minutes

11. Questions from YOU?
We will now break for questions before moving on.

12. Transition at a Chamber Level
Plan Provision Review & changes at no cost
New Plan Documents/Participation agreements MUST be returned
Plan Trainer & Payroll Administrator Information sessions
Breakout sessions at National Convention
Transfer existing balances among the available investment options
If you involved with working with the plan at a chamber advantages of the new plan services include:
faster deposits of payroll contributions
efficient record keeping systems to reduce plan data errors
compliance support
direct access to technical support to plan sponsor website
A few key events during transition:
Plan reviews sent early June due to be returned in July. (Recap deadline and fax #)
1. Opportunity to change plan provisions and receive help at no cost. Confirm Safe Harbor, Auto Enrollment, Roth 401(k), et
2. New Participation agreements & plan documents issued as result of review, these MUST be returned in order to take contribution
Plan trainer sessions via web call like today focused on plan promotion tools, education spectrum open to chambers after transition and resources online for chamber plan contacts
Payroll administrator training (in September) as transition period end nears. Web conference opportunity in small groups to walk through online features and electronic funds transfer process. Technology helpline, dedicated resource is available on permanent basis for support
For reminder of important dates, EFT process, access to online transition meeting, contact numbers for assistance; reference transition site

13. Transition at a Chamber Level
Key Dates
Plan Comparisons were due: 7/09/07
Participation Agreements/Plan Documents Due: 8/20/07
Last Payroll to JP Morgan: Payroll Ending 9/30/07
First Payroll to Principal: Payroll starting10/1/07
We’ll take one minute to run through some important deadlines anyone working with the transition at a chamber level needs to know. If you are just a plan participant we’ll review yours in just a minute.
Plan Comparisons (what they are, why they were done) and due date
New Plan documents—a must have to take new contributions
Last Payroll to JP Morgan
First Payroll to Principal
It is imperative that chambers are conscious and responsible with prompt submissions of payroll contributions during and after transition. We will review more details on this during payroll administrator training in September.

14. Transition at a Chamber Level
Break for Application Sharing of Chamber level website.
Key Features reviewed:
Attend Transition Meeting
New Investment Options/Transfer of Existing Options
PFG at National Convention
PROVIDE FEEDBACK LINK
3 key audience tabs
About the Principal

15. After Transition (Break for application sharing of www.principal.com)
Employer level key features reviewed:
Main page layout including plan navigation, news & legislative updates and plan administration tabs
Contribution and compliance tabs
Investment allocation as a plan and education tools available to provide at a chamber level

16. Questions from YOU? We will now take your questions.
Reminder that FAQ documents are on transition websites.
Q&A from Audience

17. Disclosures
While this communication may be used to promote or market a transaction or an idea that is discussed in the publication, it is intended to provide general information about the subject matter covered and is provided with the understanding that The Principal is not rendering legal, accounting, or tax advice. It is not a marketed opinion and may not be used to avoid penalties under the Internal Revenue Code. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.
No part of this presentation may be reproduced or used in any form or by any means, electronic, or by an information storage and retrieval system, without prior written permission from the Principal Financial Group®.
Insurance products and plan administrative services are provided by Principal Life Insurance Company, a member of the Principal Financial Group, Des Moines, IA
Closing remarks by Debi Fredrickson, Sr. Relationship Manager, The Principal Financial Group.
Thanks again for your time. We look forward to hopefully seeing some of you in Sacramento and speaking again with you soon. Be sure to stay in touch by providing feedback via the links provided or giving us a call at the transition information line.