ERISA - PNC Bank, National Association

Introduction

This disclosure document provides an overview of the sweep services provided by PNC Bank, National Association (“PNC”), and the fees and other compensation charged for or otherwise related to such services, with respect to employee benefit plans, as required by the Department of Labor regulation under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 (“ERISA”). For more information regarding the specific services that PNC will provide your Plan with respect to the sweep services and the related fees, please refer to your Plan’s PNC Treasury Management Services Comprehensive Agreement, the Account Agreement for Business Accounts, the Funds Availability Policy and any applicable terms and conditions relating to specific services that we provide to your plan (collectively, the “Agreement”).

Under ERISA, a plan sponsor or other fiduciary has a fiduciary responsibility to prudently select and monitor those hired to provide services to the plan and their related fees and compensation, to ensure, among other things, the reasonableness of the service arrangement and that the compensation received by the service provider is reasonable in light of the services provided. This disclosure document is designed to assist you in meeting that fiduciary responsibility.

Your Plan may receive services from other service providers, such as a third party administrator, which are outside the scope of this document. Moreover, PNC or its affiliates may provide services to your Plan under separate arrangements not described herein. For information on those services and related fees and expenses, please refer to those service providers’ separate 408(b)(2) disclosure documents or contact those service providers. Moreover, to the extent that you receive services from PNC that are outside of the scope of the services covered by this Disclosure Document, please reference the disclosure documents specifically relating to those services.

If you have any questions concerning this 408(b)(2) Disclosure Document or the information provided to you concerning our services and compensation, please contact Treasury Management Client Care at (800) 669-1518.

Explanation of Services

PNC’s Treasury Management group provides a full array of sweep services, which include Sweep Investment Services (Money Market Mutual Funds). For a more complete description of these services, please refer to your Agreement and the Corporate and Institutional Bank - Liquidity and Investments section of PNC.com. If you need a copy of your Plan’s Agreement, please contact Treasury Management Client Care at (800) 669-1518.

For information regarding our traditional banking services, please see the PNC Treasury Management (Traditional Banking) – 408(b)(2) Disclosure Document.

Explanation of Status/Capacity

In providing the sweep services as contemplated under the Agreement, PNC operates solely in a non-fiduciary and non-advisory capacity. In providing the sweep services under the Agreement, PNC is not acting as either an investment adviser or fiduciary.

Compensation

PNC’s fees for sweep services are disclosed in the table below.

If you need a copy of your Agreement or related documents, please call Treasury Management Client Care at (800) 669-1518.

Receipt of Gifts, Gratuities and Non-Monetary Compensation by PNC (and its affiliates)

From time to time, third-party vendors (such as mutual fund companies, insurance companies, investment consultants, recordkeepers, third-party plan administrators, etc.) may provide PNC and its Representatives with non-monetary gifts and gratuities, such as promotional items (i.e., coffee mugs, calendars or gift baskets), meals and access to certain industry-related conferences (collectively, “gifts”). PNC has implemented policies and procedures intended to identify, quantify and track gifts received by it and its Representatives. Pursuant to rules established by the Department of Labor, PNC has implemented a policy for allocating the value of a gift among multiple clients, where applicable. Under such policy, where potentially reportable compensation is received by PNC (including its Representatives) in connection with several clients, PNC will first divide the fair market value of such gift by the number of individual clients to which such gift is reasonably applicable and then allocate the result to each affected client to determine if it exceeds the de minimis threshold under the Section 408(b)(2) regulation and related and associated guidance.

Based on historic trends, PNC does not expect to receive gifts in excess of the de minimis threshold under the regulation with respect to your plan.

Account Termination Fee

Except as otherwise provided in the Master Repurchase Agreement (with respect to early termination of a repurchase agreement), there are no termination fees.

Recordkeeping Services Required Disclosure

PNC’s Treasury Management group does not provide recordkeeping services to your Plan. That would be the role of a separate provider, such as a third party administrator.

Introduction

This disclosure document provides an overview of the traditional banking services provided by PNC Bank, National Association ("PNC"), and the fees and other compensation charged for or otherwise related to such services, with respect to employee benefit plans, as required by the Department of Labor regulation under Section 408(b)(2) of the Employee Retirement Income Security Act of 1974 ("ERISA"). For more information regarding the specific services that PNC will provide your Plan with respect to the traditional banking services and the related fees, please refer to your Plan's PNC Treasury Management Services Comprehensive Agreement, the Account Agreement for Business Accounts, the Funds Availability Policy and any applicable terms and conditions relating to specific services that we provide to your Plan (collectively, the "Agreement").

Under ERISA, a plan sponsor or other fiduciary has a fiduciary responsibility to prudently select and monitor those hired to provide services to the plan and their related fees and compensation, to ensure, among other things, the reasonableness of the service arrangement and that the compensation received by the service provider is reasonable in light of the services provided. This disclosure document is designed to assist you in meeting that fiduciary responsibility.

Your Plan may receive services from other service providers, such as a third party administrator, which are outside the scope of this document. Moreover, PNC or its affiliates may provide services to your Plan under separate arrangements not described herein. For information on those services and related fees and expenses, please refer to those service providers' separate 408(b)(2) disclosure documents or contact those service providers. Moreover, to the extent that you receive services from PNC that are outside of the scope of the services covered by this Disclosure Document, please reference the disclosure documents specifically relating to those services.

If you have any questions concerning this 408(b)(2) Disclosure Document or the information provided to you concerning our services and compensation, please contact Treasury Management Client Care at 1-800-669-1518.

Explanation of Services

PNC's Treasury Management group provides a full array of traditional banking services, which include depository services, wire transfer services, account reconciliation services, escrow services, and online services. For a complete list and description of these traditional banking services, please refer to your Agreement and the Corporate and Institutional Bank - Treasury Management section of PNC.com.

For information regarding our Sweep Services, please see the PNC Treasury Management (Sweep Services) - 408(b)(2) Disclosure Document.

Explanation of Status/Capacity

In providing traditional banking services as contemplated under the Agreement, PNC operates solely in a non-fiduciary and non-advisory capacity. PNC does not intend for the traditional banking services provided under the Agreement to constitute investment advisory services or fiduciary services under ERISA.

Compensation

For a list of traditional banking services and their applicable charges provided to your Plan, please review your Analysis of Charges. These charges are applied to your account pursuant to the fee section of the Agreement and may be offset by non-interest bearing deposits as contemplated therein. In the event that you choose to add an additional service to your account, please review your Pro Forma of Charges. If you have any questions, please contact Treasury Management Client Care at 1-800-669-1518.

Benefits from Bank Deposits

PNC obtains financial benefits attributable to cash balances in PNC deposits. This is because PNC may invest these cash balances or use them to fund its general business activities. For information regarding when funds become available in your account, see the Funds Availability Policy.

Receipt of Gifts, Gratuities and Non-Monetary Compensation by PNC (and its affiliates)

From time to time, third-party vendors (such as mutual fund companies, insurance companies, investment consultants, recordkeepers, third-party plan administrators, etc.) may provide PNC and its Representatives with non-monetary gifts and gratuities, such as promotional items (i.e., coffee mugs, calendars or gift baskets), meals and access to certain industry-related conferences (collectively, "gifts"). PNC has implemented policies and procedures intended to identify, quantify and track gifts received by it and its Representatives. Pursuant to rules established by the Department of Labor, PNC has implemented a policy for allocating the value of a gift among multiple clients, where applicable. Under such policy, where potentially reportable compensation is received by PNC (including its Representatives) in connection with several clients, PNC will first divide the fair market value of such gift by the number of individual clients to which such gift is reasonably applicable and then allocate the result to each affected client to determine if it exceeds the de minimis threshold under the Section 408(b)(2) regulation and related and associated guidance.

Based on historic trends, PNC does not expect to receive gifts in excess of the de minimis threshold under the regulations with respect to your Plan.

Account Termination Fee

Except as otherwise provided in the Terms and Termination Section of the Agreement (with respect to customized services), there are no termination fees.

Recordkeeping Services Required Disclosure

PNC's Treasury Management group does not provide recordkeeping services to your Plan. That would be the role of a separate provider, such as a third party administrator.