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Strategies & Solutions

Defined Contribution (DC)

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NISA has been managing assets for Defined Contribution (DC) plans since the firm’s inception, providing custom solutions for the specific circumstances and unique needs of clients and their plan participants. We manage short and core duration bond portfolios, including TIPS as well as provide stable value fund management. Our focus is on seeking to deliver results for clients that meet participant objectives.

NISA’s stable value solutions provide client-specific designs that integrate investment strategies, coupled with bank and insurance wrap contracts to help stabilize account volatility. Stable value services include managing wrapped portfolios, as well as structuring, negotiating and managing stable value wrap agreements. NISA frequently assumes a coordinator role with respect to stable value funds; working closely with plan consultants, recordkeepers, custodians and outside managers in order to facilitate the administrative duties associated with a fund offering. In addition to synthetic Guaranteed Investment Contract (GIC) wrap implementation, NISA can incorporate and manage a traditional GIC allocation on behalf of our clients’ stable value funds.

NISA supports plan sponsors in building and delivering income products in pursuit of better retirement outcomes to enable participants to retire with greater confidence.

Interest rate risk includes duration differences between the portfolio and liability-based benchmark. Spread or yield curve risk is the difference between performance of the portfolio and the liability-based benchmark associated with changes in credit spreads or the shape of the yield curve. Operational risk includes the calculation and execution of trades required to maintain an LDI hedging objective and requires the coordination of various groups within NISA, as well as external parties including brokers, custodians and potentially other asset managers. There could be a risk associated with incorporating data from various external sources.

Misestimation of the liability’s sensitivity to interest rates, changes to liability valuation assumptions, or differences between assumptions and experience represents potential actuarial risk.

Disclaimer: By accepting this material, you acknowledge, understand and accept the following:

This material has been prepared by NISA Investment Advisors, LLC (“NISA”). This material is subject to change without notice. This document is for information and illustrative purposes only. It is not, and should not be regarded as “investment advice” or as a “recommendation” regarding a course of action, including without limitation as those terms are used in any applicable law or regulation. This information is provided with the understanding that with respect to the material provided herein (i) NISA is not acting in a fiduciary or advisory capacity under any contract with you, or any applicable law or regulation, (ii) that you will make your own independent decision with respect to any course of action in connection herewith, as to whether such course of action is appropriate or proper based on your own judgment and your specific circumstances and objectives, (iii) that you are capable of understanding and assessing the merits of a course of action and evaluating investment risks independently, and (iv) to the extent you are acting with respect to an ERISA plan, you are deemed to represent to NISA that you qualify and shall be treated as an independent fiduciary for purposes of applicable regulation. NISA does not purport to and does not, in any fashion, provide tax, accounting, actuarial, recordkeeping, legal, broker/dealer or any related services. You should consult your advisors with respect to these areas and the material presented herein. You may not rely on the material contained herein. NISA shall not have any liability for any damages of any kind whatsoever relating to this material. No part of this document may be reproduced in any manner, in whole or in part, without the written permission of NISA except for your internal use. This material is being provided to you at no cost and any fees paid by you to NISA are solely for the provision of investment management services pursuant to a written agreement. All of the foregoing statements apply regardless of (i) whether you now currently or may in the future become a client of NISA and (ii) the terms contained in any applicable investment management agreement or similar contract between you and NISA.