| The share transfer registers of the Funds will be kept by the recordkeeper at its principal office in Toronto. |
| By not supplementing the often generic information provided by the recordkeeper, a significant number of plan sponsors are relying on non-customized communications directed at their employees. |
| Perhaps surprisingly, a quarter of plan sponsors do not monitor or retain copies of all communications issued by their recordkeeper to plan participants. |
| Approximately two-thirds of survey respondents use a fully integrated bundled approach where a single contract exists between the recordkeeper and the plan sponsor. |
| In addition, fewer than half the respondents provide communication materials to supplement plan recordkeeper information. |
| Under this type of arrangement, all administration and investment management fees are quoted directly through the recordkeeper. |
