Retirement Planning Administrative Services
Resume:
ACCOUNT SUMMARY: **/**/**** - **/**/****
RHEEM DEFINED CONTRIBUTION PLAN–– 091385
PERCY BURNETT
Montgomery AL 36117-1756
Current Period Year to Date
Beginning balance $11,429.61 $8,924.50
Your contributions $1,278.28 $2,441.68
Employer contributions $977.18 $1,923.56
Market gain/loss $460.22 $828.65
Other transactions $34.71 $71.11
Fees* -$9.50 -$19.00
Ending balance $14,170.50 $14,170.50
Outstanding loans $3,180.17 $3,180.17
Get help investing for your retirement!
1. Log on to your account at vanguard.com.
2. On your homepage, choose Get Advice.
*If you have multiple accounts at Vanguard, you may have to first select "Employer Plans" after logging on. Diversification is important to successful retirement planning. For more information and other disclosures, see section labeled
"Additional Information" at the end of your statement. 78.0% Stock
22.0% Bonds
77.8% Stock
22.1% Bonds
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*May include recordkeeping, administrative, or purchase/redemption fees. 202*-****-**** 2024 2025
Includes all contributions and market activity.
*This allocation is only a suggestion.
STATEMENT
Account Balance Your Account Progress
Your Asset Mix Model Asset Mix for Your Age*
Connect with Vanguard®
Total Account Balance: $14,170.50
Your Account Summary
Your Investments
$0
$3,800
$7,600
$11,400
$15,200
(continued)
As of 06/30/2023
1 year 3 years 5 years
Annualized Personal Rate of Return 9.50% –– ––
Beginning Other Market Dividends/ Ending
Balance Contributions Transactions* Gain/Loss Capital Gains Balance Vanguard® Target Retire $8,086.03 $2,255.46 $188.62 $460.22 $0.00 $10,990.33 2040 Tr II
Loans $3,343.58 - $163.41 $3,180.17
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*Your personal performance is based not only on the performance of your investments, but also the timing and amounts of any purchases and redemptions.
*Other Transactions may include incoming or outgoing assets not specified above, as well as plan record keeping, administrative or purchase/redemption fees, if applicable. For details, visit us online at vanguard.com.
*Includes expenses for plan administrative services, including legal, accounting, and recordkeeping services to the extent these fees are charged to the plan. Your Personal Performance*
Investment Activity
Your Fee Summary
Your Retirement Saving and Investing Recommendations Total Invested $8,086.03 $2,255.46 $188.62 $460.22 $0.00 $10,990.33 Total Invested and Loans $11,429.61 $25.21 $14,170.50 Administrative Expenses* $9.50
Total Expenses $9.50
Investments.
Connect with Vanguard®
Your Investments
Your Recommendations
Opening Closing Vested Vested
Balance Contributions Activity Balance Percent Balance EE Pre-Tax Cont EE $6,273.45 $1,278.28 $270.26 $7,821.99 100.00% $7,821.99 Basic
Safe Harbor Employer $5,156.16 $977.18 $215.17 $6,348.51 100.00% $6,348.51 Match
Opening Principal Paid Closing Interest Paid Principal Interest Activity Balance This Period Balance This Period Year-to-Date Year-to-Date Loan 001 $3,343.58 $163.41 $3,180.17 $34.71 $325.13 $71.11 Issue Issue Interest Expected Loan Loan
History Date Amount Rate Payoff Date Default Date Default Amount Loan 001 10/21/2022 $3,567.00 4.25% 11/15/2027 –– –– Beneficiary Name Designation Allocation %
No Beneficiary On File
The information listed here reflects the information currently on file with Vanguard. If you have a Vanguard retirement plan beneficiary designation on file with your employer that designation may still be valid. It is strongly encouraged that you update your beneficiary with Vanguard. If you have not designated beneficiaries for this plan, payment will be made in accordance with the terms of the plan upon your death.
( indicates funds you own)
As of 06/30/2023
Fund Number/ 1 5 10 Since Inception Expense
Symbol Year Years Years Inception Date Ratio*
3.75% 1.56% 0.97%
3.75% 1.56% 0.97%
3.30% 1.19% 0.68%
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The beneficiaries listed here reflect the information currently on file with Vanguard. If you wish to change your beneficiaries, please contact your benefits department.
FTSE 3-Month US T-Bill Index
FTSE 3-Month US T-Bill Index
US Gov't Money Market Funds Average
Source Activity
Loan Detail
Beneficiaries
Fund Performance Summary
Total Vested Value $14,170.50
Total $3,343.58 $163.41 $3,180.17 $34.71 $325.13 $71.11 Retire Savings Trust III 0340 2.11% 2.03% 2.01% 3.04% 09/05/2001 0.29% Retirement Savings Trust 0034 1.96% 1.88% 1.85% 4.27% 01/02/1989 0.44% Vanguard® Federal Money Mkt Fund 0033/VMFXX 3.77% 1.50% 0.94% 3.89% 07/13/1981 0.11% Connect with Vanguard
Short-Term Reserves
®
Additional Account Details
Your Fund Performance
(continued) ( indicates funds you own)
As of 06/30/2023
Fund Number/ 1 5 10 Since Inception Expense
Symbol Year Years Years Inception Date Ratio*
-1.40% 2.49% 2.08%
-0.94% 0.77% 1.52%
-0.94% 0.77% 1.52%
-0.94% 0.77% 1.52%
0.45% 0.38% 2.24%
0.45% 0.38% 2.24%
-0.85% 0.82% 1.54%
-0.85% 0.82% 1.54%
-1.40% 2.49% 2.08%
6.41% 4.21% 5.18%
13.32% 7.27% 8.35%
2.98% 2.51% 3.49%
9.86% 5.80% 6.81%
4.80% 3.72% 4.35%
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Barcap US Trsy InflationNote!
Bloomberg US Agg Bond TR USD
Bloomberg US Agg Bond TR USD
Bloomberg US Agg Bond TR USD
Bloomberg GA ex-USD FlAdjRIC Cp Hgd
Bloomberg GA ex-USD FlAdjRIC Cp Hgd
Spliced Bloomberg USAgg Flt AdjIx
Spliced Bloomberg USAgg Flt AdjIx
Barcap US Trsy InflationNote!
Conservative Growth Composite Index
Growth Composite Index
Income Composite Index
Moderate Growth Composite Index
Target Retirement Income Compos. Ix
Fund Performance Summary
Fidelity Inflat Prot Bond 7822/FIPDX -1.33% 2.42% 2.03% 1.43% 05/16/2012 0.05% Prudential Core Pl Bond 5 6513 0.90% 1.65% –– 2.26% 12/02/2014 0.12% PGIM Total Return Bond R6 5638/PTRQX 0.71% 1.10% 2.42% 3.14% 12/27/2010 0.40% PIMCO Income Fund Inst 3926/PIMIX 5.34% 2.60% 4.24% 6.66% 03/30/2007 0.51% Vanguard® Tot Intl Bond Ix Admiral 0511/VTABX 0.27% 0.23% 2.04% 1.88% 05/31/2013 0.11% Vanguard® Tot Intl Bond Ix Investor 1231/VTIBX 0.14% 0.20% 2.00% 1.85% 05/31/2013 0.13% Vanguard® Total Bond Mkt Index Inst 0222/VBTIX -0.89% 0.79% 1.49% 4.23% 09/18/1995 0.03% Vanguard® Total Bond Mkt Index Inv 0084/VBMFX -1.00% 0.67% 1.38% 5.07% 12/11/1986 0.15% Prin DiverseRealAsset I 5614/PDRDX -0.94% 3.81% 3.01% 4.03% 03/16/2010 0.87% Vanguard® LifeStrategy Consrv Grwth 0724/VSCGX 5.95% 3.86% 4.91% 6.34% 09/30/1994 0.12% Vanguard® LifeStrategy Growth Fund 0122/VASGX 12.70% 6.83% 8.01% 7.88% 09/30/1994 0.14% Vanguard® LifeStrategy Income Fund 0723/VASIX 2.63% 2.24% 3.25% 5.47% 09/30/1994 0.11% Vanguard® LifeStrategy Mod Growth 0914/VSMGX 9.34% 5.38% 6.48% 7.23% 09/30/1994 0.13% Vanguard® Target Retire Inc Tr II 1471 4.54% 3.49% 4.17% 4.40% 02/29/2008 0.07% Connect with Vanguard
Bonds
Balanced (Stocks and Bonds)
®
Your Fund Performance
(continued) ( indicates funds you own)
As of 06/30/2023
Fund Number/ 1 5 10 Since Inception Expense
Symbol Year Years Years Inception Date Ratio*
6.91% 4.96% 6.31%
8.97% 5.66% 7.00%
10.48% 6.20% 7.57%
11.77% 6.74% 8.14%
13.07% 7.28% 8.67%
14.37% 7.82% 9.02%
15.05% 7.96% 9.09%
15.05% 7.96% 9.09%
15.05% 7.96% 9.09%
15.05% 7.96% ––
15.05% 7.96% 8.97%
4.80% 3.72% 4.35%
6.91% 4.96% 6.31%
8.97% 5.66% 7.00%
10.48% 6.20% 7.57%
11.77% 6.74% 8.14%
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Target Retirement 2020 Composite Ix
Target Retirement 2025 Composite Ix
Target Retirement 2030 Composite Ix
Target Retirement 2035 Composite Ix
Target Retirement 2040 Composite Ix
Target Retirement 2045 Composite Ix
Target Retirement 2050 Composite Ix
Target Retirement 2055 Composite Ix
Target Retirement 2060 Composite Ix
Target Retirement 2065 Composite Ix
Target Retirement 2070 Composite Index
Target Retirement Income Compos. Ix
Target Retirement 2020 Composite Ix
Target Retirement 2025 Composite Ix
Target Retirement 2030 Composite Ix
Target Retirement 2035 Composite Ix
Fund Performance Summary
Vanguard® Target Retire 2020 Tr II 1474 6.57% 4.66% 6.09% 5.63% 02/29/2008 0.07% Vanguard® Target Retire 2025 Tr II 1475 8.56% 5.35% 6.76% 6.03% 02/29/2008 0.07% Vanguard® Target Retire 2030 Tr II 1476 10.03% 5.88% 7.33% 6.35% 02/29/2008 0.07% Vanguard® Target Retire 2035 Tr II 1477 11.34% 6.44% 7.90% 6.74% 02/29/2008 0.07% Vanguard® Target Retire 2040 Tr II 1478 12.66% 6.97% 8.41% 7.13% 02/29/2008 0.07% Vanguard® Target Retire 2045 Tr II 1479 13.96% 7.51% 8.77% 7.34% 02/29/2008 0.07% Vanguard® Target Retire 2050 Tr II 1480 14.67% 7.66% 8.83% 7.40% 02/29/2008 0.07% Vanguard® Target Retire 2055 Tr II 1489 14.67% 7.65% 8.82% 9.98% 08/31/2010 0.07% Vanguard® Target Retire 2060 Tr II 1693 14.71% 7.68% 8.83% 9.00% 03/01/2012 0.07% Vanguard® Target Retire 2065 Tr II 1794 14.69% 7.68% –– 8.61% 07/17/2017 0.07% Vanguard® Target Retire 2070 Tr II V006 14.72% –– –– -0.20% 04/07/2022 0.07% Vanguard® Target Retirement Income 0308/VTINX 4.51% 3.45% 4.12% 4.74% 10/27/2003 0.08% Vanguard® Target Retirement 2020 0682/VTWNX 6.58% 4.62% 6.02% 5.78% 06/07/2006 0.08% Vanguard® Target Retirement 2025 0304/VTTVX 8.56% 5.26% 6.68% 6.41% 10/27/2003 0.08% Vanguard® Target Retirement 2030 0695/VTHRX 9.95% 5.78% 7.24% 6.40% 06/07/2006 0.08% Vanguard® Target Retirement 2035 0305/VTTHX 11.28% 6.35% 7.82% 7.18% 10/27/2003 0.08% Connect with Vanguard®
Your Fund Performance
(continued) ( indicates funds you own)
As of 06/30/2023
Fund Number/ 1 5 10 Since Inception Expense
Symbol Year Years Years Inception Date Ratio*
13.07% 7.28% 8.67%
14.37% 7.82% 9.02%
15.05% 7.96% 9.09%
15.05% 7.96% 9.09%
15.05% 7.96% 9.09%
15.05% 7.96% ––
12.78% 8.65% 9.22%
12.78% 8.65% 9.22%
13.58% 6.55% 9.38%
23.13% 9.71% 11.53%
11.54% 8.11% 9.22%
19.59% 12.31% 12.86%
18.58% 7.00% 10.38%
18.58% 7.00% 10.38%
15.00% 6.02% 9.23%
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Target Retirement 2040 Composite Ix
Target Retirement 2045 Composite Ix
Target Retirement 2050 Composite Ix
Target Retirement 2055 Composite Ix
Target Retirement 2060 Composite Ix
Target Retirement 2065 Composite Ix
Wellington Composite Index
Wellington Composite Index
Russell 2500 TR USD
Russell Mid Cap Growth TR USD
Russell 1000 Value TR USD
S&P 500 Index
Russell 2500 Growth Index
Russell 2500 Growth Index
Spliced Extended Market Index
Fund Performance Summary
Vanguard® Target Retirement 2040 0696/VFORX 12.56% 6.88% 8.33% 7.04% 06/07/2006 0.08% Vanguard® Target Retirement 2045 0306/VTIVX 13.93% 7.46% 8.69% 7.83% 10/27/2003 0.08% Vanguard® Target Retirement 2050 0699/VFIFX 14.58% 7.58% 8.76% 7.32% 06/07/2006 0.08% Vanguard® Target Retirement 2055 1487/VFFVX 14.60% 7.57% 8.74% 9.60% 08/18/2010 0.08% Vanguard® Target Retirement 2060 1691/VTTSX 14.62% 7.58% 8.74% 9.31% 01/19/2012 0.08% Vanguard® Target Retirement 2065 1791/VLXVX 14.62% 7.55% –– 7.96% 07/12/2017 0.08% Vanguard® Wellington Fund Admiral 0521/VWENX 10.00% 7.84% 8.35% 7.60% 05/14/2001 0.17% Vanguard® Wellington Fund Inv 0021/VWELX 9.93% 7.75% 8.26% 8.23% 07/01/1929 0.25% GW&K Sm/MidCapCore Equity 7761 10.73% 8.70% –– 9.36% 04/01/2014 0.65% Janus Hend Enterprise N 6088/JDMNX 18.81% 10.98% 13.26% 14.34% 07/12/2012 0.66% John Hancock Disc Value I 3712/JVLIX 11.43% 8.33% 9.25% 8.70% 01/02/1997 0.76% Vanguard® 500 Index Fund Inv 0040/VFINX 19.42% 12.15% 12.71% 11.16% 08/31/1976 0.14% Vanguard® Explorer Fund Admiral 5024/VEXRX 16.75% 8.66% 11.06% 9.42% 11/12/2001 0.34% Vanguard® Explorer Fund Investor 0024/VEXPX 16.61% 8.54% 10.93% 9.39% 12/11/1967 0.45% Vanguard® Extended Mkt Index Inst 0856/VIEIX 15.22% 6.15% 9.35% 8.45% 07/07/1997 0.05% Connect with Vanguard
Domestic Equity (Stocks)
®
Your Fund Performance
(continued) ( indicates funds you own)
As of 06/30/2023
Fund Number/ 1 5 10 Since Inception Expense
Symbol Year Years Years Inception Date Ratio*
15.00% 6.02% 9.23%
19.59% 12.31% 12.86%
10.50% 6.84% 9.03%
12.96% 6.23% 9.28%
12.96% 6.23% 9.28%
18.94% 11.31% 12.29%
18.94% 11.31% 12.29%
27.11% 15.14% 15.74%
27.11% 15.14% 15.74%
11.54% 8.11% 9.22%
11.54% 8.11% 9.22%
12.72% 3.52% 4.75%
1.48% 2.16% 3.21%
1.48% 2.16% 3.21%
12.72% 3.52% 4.75%
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Spliced Extended Market Index
S&P 500 Index
Russell Midcap Value Index
Spliced Small Cap Value Index
Spliced Small Cap Value Index
Spliced Total Stock Market Index
Spliced Total Stock Market Index
Russell 1000 Growth Index
Russell 1000 Growth Index
Russell 1000 Value Index
Russell 1000 Value Index
MSCI ACWI Ex USA NR USD
Spliced Emerging Markets Index
Spliced Emerging Markets Index
Spliced International Index
Fund Performance Summary
Vanguard® Extended Mkt Index Inv 0098/VEXMX 15.06% 6.00% 9.19% 10.27% 12/21/1987 0.19% Vanguard® Inst Index Fund Inst 0094/VINIX 19.55% 12.28% 12.83% 10.21% 07/31/1990 0.03% Vanguard® Selected Value Fund 0934/VASVX 19.92% 8.62% 9.50% 8.92% 02/15/1996 0.38% Vanguard® Small-Cap Val Idx Admiral 5860/VSIAX 13.00% 6.24% 9.27% 11.67% 09/27/2011 0.07% Vanguard® Small-Cap Value Index 0860/VISVX 12.86% 6.11% 9.14% 8.32% 05/21/1998 0.19% Vanguard® Total Stock Mkt Idx Inst 0855/VITSX 18.94% 11.31% 12.29% 8.44% 07/07/1997 0.03% Vanguard® Total Stock Mkt Idx Inv 0085/VTSMX 18.82% 11.19% 12.16% 9.95% 04/27/1992 0.14% Vanguard® U.S. Growth Fund Admiral 0523/VWUAX 28.20% 11.44% 14.12% 7.57% 08/13/2001 0.25% Vanguard® U.S. Growth Fund Investor 0023/VWUSX 28.08% 11.33% 13.99% 10.61% 01/06/1959 0.35% Vanguard® Windsor II Fund Adm 0573/VWNAX 16.23% 11.13% 10.60% 7.77% 05/14/2001 0.26% Vanguard® Windsor II Fund Inv 0073/VWNFX 16.14% 11.04% 10.52% 10.70% 06/24/1985 0.34% HL Intl Eq CIF Cl A Sh 8451 16.98% 4.76% –– 5.54% 04/13/2015 0.72% Vanguard® Emerging Mkts Stk Idx Adm 5533/VEMAX 1.15% 2.09% 3.19% 4.50% 06/23/2006 0.14% Vanguard® Emerging Mkts Stk Idx Inv 0533/VEIEX 1.02% 1.93% 3.03% 5.63% 05/04/1994 0.29% Vanguard® International Growth Adm 0581/VWILX 14.83% 6.57% 9.12% 7.58% 08/13/2001 0.34% Connect with Vanguard
International Equity (Stocks)
®
Your Fund Performance
(continued) ( indicates funds you own)
As of 06/30/2023
Fund Number/ 1 5 10 Since Inception Expense
Symbol Year Years Years Inception Date Ratio*
12.72% 3.52% 4.75%
12.72% 3.52% 4.75%
12.51% 3.66% 5.09%
12.51% 3.66% 5.09%
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Spliced International Index
Spliced International Index
Spl Total International Stock Index
Spl Total International Stock Index
––Not available for this time period.
*Expense ratios are as of most recent information available at the time of statement production. Fund Performance Summary
Vanguard® International Growth Inv 0081/VWIGX 14.73% 6.46% 8.99% 10.24% 09/30/1981 0.45% Vanguard® International Value Fund 0046/VTRIX 18.00% 4.55% 5.31% 8.28% 05/16/1983 0.38% Vanguard® Tot Intl Stock Ix Inst 1869/VTSNX 12.33% 3.72% 5.07% 4.64% 11/29/2010 0.08% Vanguard® Total Intl Stock Ix Inv 0113/VGTSX 12.20% 3.62% 4.98% 4.62% 04/29/1996 0.17% Connect with Vanguard®
Your Fund Performance
The performance of an index is not an exact representation of any particular investment, as you cannot directly invest in an index. The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. For performance data current to the most recent month-end, visit our website at vanguard.com/performance.
Purchase and redemption fees assessed on shares held less than one year are not reflected in the performance data. If these fees were included, the performance would be lower. Performance data is adjusted for all other purchases and redemption fees, where applicable. For additional details on fees, see the fund prospectus. 004****-*****
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The investment suggestions contained in this Statement are provided to you free of charge by Vanguard Advisers, Inc. (VAI). To obtain more information about VAI, please call 800-***-**** or go to vanguard.com. You are under no obligation to accept any advice or investment suggestion. Although the suggestions are based on generally accepted investment principles, VAI can not guarantee that any particular investment suggestion, if implemented, will be profitable. All investments involve risks, and fluctuations in the financial markets and other factors may cause your account, or particular securities in your account, to decline in value.
The investment suggestions provided in this Statement do not comprise comprehensive investment or financial advice. Before taking any action on your account, you should consider your other assets and investments, and how they fit into your financial goals. If the suggestions in this Statement are based in part on information you entered into an investor questionnaire, you should be sure to retake the questionnaire if your circumstances or goals change, as those changes may result in different suggested asset allocations. In addition to any fees or expenses that may be listed on this statement, some of the plan's administrative expenses for the preceding statement period were paid from the total annual operating expenses of one or more of the plan's designated investment alternatives (e.g., through revenue sharing arrangements, Rule 12b-1 fees, subtransfer agent fees or similar fees).
Additional Information
To help achieve long-term retirement security, you should give careful consideration to the benefits of a well-balanced and diversified investment portfolio. Spreading your assets among different types of investments can help you achieve a favorable rate of return, while minimizing your overall risk of losing money. This is because market or other economic conditions that cause one category of assets, or one particular security, to perform very well often cause another asset category, or another particular security, to perform poorly. If you invest more than 20% of your retirement savings in any one company or industry, your savings may not be properly diversified. Although diversification is not a guarantee against loss, it is an effective strategy to help you manage investment risk. In deciding how to invest your retirement savings, you should take into account all of your assets, including any retirement savings outside of the plan. No single approach is right for everyone because, among other factors, individuals have different financial goals, different time horizons for meeting their goals, and different tolerances for risk. It is also important to periodically review your investment portfolio, your investment objectives, and the investment options under the plan to help ensure that your retirement savings will meet your retirement goals. Diversification does not ensure a profit or protect against a loss. For more information regarding individual investing and diversification, see the internet website of the U.S. Department of Labor at: https://www.dol.gov/agencies/ebsa/laws-and-regulations/laws/pension-protection-act/investing-and-diversification Generally, if your plan permits you to direct investments you can make those changes by contacting Vanguard Participant Services or by logging into your account at vanguard.com. There may be restrictions that apply to the investments in your plan. For example, the Vanguard mutual funds have restrictions designed to limit frequent trading. Some plans also may limit the timing and frequency of investment and exhanges in certain funds. Any such restrictions or limitations have been previously communicated to you. Please note that if you are enrolled in an investment management or advisory service, you may need to unenroll from the service to direct investments yourself. If you have any questions, please see your plan's Summary Plan Description or contact Vanguard Participant Services for additional information about your plan. Vesting refers to the portion of your account balance that is nonforfeitable. If your vested balance does not appear on the statement, please see your plan's Summary Plan Description for vesting information or contact Vanguard Participant Services for more information to enable you to determine your vested benefit.
Some employers make contributions based on a formula that considers the Social Security taxes paid. Your plan's Summary Plan Description provides details on the formula for determining any employer contribution. All investing is subject to risk including the possible loss of the money you invest. Connect with Vanguard®
Diversification:
Investments:
Vesting:
Social Security:
The Vanguard Real Estate Index Fund pays quarterly distributions consisting of dividend income, return of capital, and capital gains. The tax characteristics of these distributions cannot be determined until after the end of the year since the Real Estate Index Funds in which the fund invests do not designate the composition (i.e., dividend income, return of capital, and capital gains) of their payments until the new calendar year.
Performance figures for periods of more than one year are expressed as average annual total returns. Performance figures include the reinvestment of dividends and capital gains distributions. Return since inception is listed under "Since Inception." The inception date is under "Inception Date." For more information about Vanguard funds, visit vanguard.com, or call 800-***-****, to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing. 004****-*****
Bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer’s ability to make payments. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk. While U.S. Treasury or government agency securities provide substantial protection against credit risk, they do not protect investors against price changes due to changing interest rates. Although the market values of government securities are not guaranteed and may fluctuate, these securities are guaranteed as to the timely payment of principal and interest. Your plan is required to provide you with the following estimate of your monthly retirement income. This estimate is based on certain assumptions provided by the Department of Labor. So it may be different from other projections on this statement, or from projections you could get using the Retirement Income Calculator on vanguard.com/retirementplans. Both of these will give you a more personalized retirement income estimate.
This statement provides you with information about how much monthly income you could collect at retirement based on your current account balance. The estimated monthly payments in this statement are for illustrative purposes only; they are not a guarantee. Having this information now may help you plan how much money to save for your retirement. Your account balance is $14,170.50 as of 06/30/2023 . Below are estimates of how much money you could receive each month if you were to receive payments in one of the following two payment forms: A single life annuity is an arrangement that pays you a fixed amount of money each month for the rest of your life. Following your death, no further payments would be made to your spouse or heirs. If you receive payments in this form, we estimate you would receive $87.17 per month starting at retirement. Page > 10 of 11
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The Fund Performance Summary on this statement shows how the Funds in your Plan have performed over time. Please keep in mind that the performance of these Funds, as compared with your balance, may differ depending on how and when your money was invested. The Fund Performance Summary includes industry benchmarks that match the objectives of your Funds. The benchmarks give a broad overview of the markets. These measures are specific to their associated Funds and should not be used to compare Funds with different investment objectives. Net total return is the net change in an investment after deducting expenses, assuming all dividends and capital gains were reinvested. Past performance is not an indication of future results. All figures are unaudited.
The funds or securities referred to herein that are offered by The Vanguard Group and track an MSCI index are not sponsored, endorsed, or promoted by MSCI, and MSCI bears no liability with respect to any such funds or securities. For such funds or securities, the prospectus or the Statement of Additional Information contains a more detailed description of the limited relationship MSCI has with The Vanguard Group. London Stock Exchange Group companies FTSE International Limited("FTSE"), Frank Russell Company ("Russell"), MTS Next Limited ("MTS"), and FTSE TMX Global Debt Capital Markets Inc. ("FTSE TMX"). All rights reserved. FTSE®, "Russell®", "MTS®", " FTSE TMX®" and "FTSE Russell" and other service marks and trademarks related to the FTSE or Russell Indexes are trademarks of the London Stock Exchange Group companies and are used by FTSE, MTS, FTSE TMX, and Russell under license. All information is provided for information purposes only. No responsibility or liability can be accepted by the London Stock Exchange Group companies nor its licensors for any errors or for any loss from use of this publication. Neither the London Stock Exchange Group companies nor any of its licensors make any claim, prediction, warranty or representation whatsoever, expressly or impliedly, either as to the results to be obtained from the use of the FTSE Indexes or the fitness or suitability of the Indexes for any particular purpose to which they might be put. The index is a product of S&P Dow Jones Indices LLC ("SPDJI"), and has been licensed for use by Vanguard. Standard & Poor's ® and S&P® are registered trademarks of Standard & Poor's Financial Services LLC("S&P"); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC
("Dow Jones"); S&P® and S&P 500® are trademarks of S&P; and these trademarks have been licensed for use by SPDJI and sublicensed for certain purposes by Vanguard. Vanguard products(s) are not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the index.
The Products are not sponsored, endorsed, sold or promoted by Barclays Risk Analytics and Index Solutions Limited or its affiliates ("Barclays"). Barclays does not make any representation regarding the advisability of investing in the Products or the advisability of investing in securities generally. Barclays' only relationship with Vanguard is the licensing of the Index which is determined, composed and calculated by Barclays without regard to Vanguard or the Products. Barclays has no obligation to take the needs of Vanguard or the owners of the Products into consideration in determined., composing or calculating the Index. Barclays has no obligation or liability in connection with administration, marketing or trading of the Products. Morningstar data © 2023 Morningstar, Inc. All Rights Reserved. The information contained herein:(1) is proprietary to 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. Past performance is no guarantee of future results. Benefit Statement Supplement
Statement Period: 04/01/2023 - 06/30/2023
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A qualified joint and 100% survivor annuity is an arrangement that pays you and your spouse a fixed monthly payment for the rest of your joint lives. In addition, after your death, this type of annuity would continue to provide the same fixed monthly payment to your surviving spouse for their life.
If you receive payments in this form, we estimate you would receive $73.92 per month starting at retirement and, after your death, your surviving spouse would receive $73.92 per month. An annuity with a lower survivor percentage may be available, and reducing the survivor percentage (below 100%) would increase monthly payments during your lifetime, but would decrease what your surviving spouse would receive after your death. The following information is to help you understand these estimated monthly payments. The estimated monthly payments in this statement assume that your account balance is 100% vested and, if you have taken a loan from the plan and you are not in default, the loan has been fully repaid. The estimated monthly payments in this statement assume that payments begin 06/30/2023 and that you are 67 on this date. Monthly payments beginning at a younger age would be lower than shown since payments would be made over more years. Monthly payments beginning at an older age would be higher than shown since they would be made over fewer years. The estimated monthly payments for a qualified joint and 100% survivor annuity in this statement assume that you are married with a spouse who is same age as you (even if you do not currently have a spouse, or if you have a
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