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with the investment options can vary significantly with each particular investment category and there I a tive risks of categories may change. Accordingly, EAG may make changes from time to time regarding the availability of certain investment options. The fees, risks, responsibilities of plan sponsor/plan provider/participant and limitations for each of these services are discussed in greater detail below. Fees and expenses are also explained in the respective prospectus, which accompanies each investment option, as applicable. Certain EAG's Services rely on Morningstar Investment Management's proprietary methodology, which is based on a review of available quantitative data to analyze and screen the investment options within a plan. Morningstar Investment Management also applies qualitative analysis by investment professionals, such as evaluations of investment managers, portfolios, and individual investments. The primary sources of information used by Morningstar Investment Management are the extensive databases and methodologies of Morningstar Investment Management and/or its affiliates, and interviews with investment managers. Other sources include financial publications, annual reports, prospectuses, press releases, and SEC filings. Morningstar Investment Management combines this information with other factors — including actuarial data, stock market exposure, probability analysis, and mean -variance optimization — into its proprietary software program to analyze a complex set of market data and variables. The result is an advanced model capable of providing investment recommendations and projections of different outcomes. Using this model, Morningstar Investment Management develops an investment strategy tailored to your investment goals. Online Investment Guidance EAG's OIG service developed by Morningstar Investment Management provides participants in participating plans with access to sophisticated but easy -to -use online account planning, advisory, and analytical tools that assist the participant in selecting their own asset classes and building a diversified portfolio. Using OIG, participants are provided with general asset allocation information based on the investment options that are available within the participant's plan. In addition, with OIG, a participant can receive an objective savings rate recommendation that may assist in achieving his/her retirement goals. OIG does not provide fund -specific recommendations. The services provided under Online Investment Guidance do not constitute investment advice under the Investment Advisers Act of 1940. Online Advice OA is based on the software program developed by Morningstar Investment Management. It provides the participant with retirement goal forecasting advice and fund -specific asset allocation recommendations tailored to the specific participant's financial situation and retirement goals. OA is tailored for individuals who wish to manage their own retirement account with the assistance of the service tools and investment advice. OA provides participants with a retirement goal forecast through various assumptions and hypothetical financial and economic scenarios. These scenarios are based on factors such as historic returns, market volatility, cross - correlations, calculated risk premiums, interest rate fluctuations, inflation, and market conditions; all of which have limitations. The participants can interactwith OA tosee how changes in their decisions about their savings, expected retirement age, level of investment risk and retirement income goal may affect the system's forecast. Participants who enroll in OA are responsible for determining the portfolio allocation that is best suited for their needs and investment strategy. The investment recommendations provided by OA are limited to the available investment options within the participant's specific retirement plan. OA does not make any recommendations about investing in any individual stocks or other asset classes, including employer stock that may be an investment option under the participant's retirement plan. Participant Responsibilities Participants are responsible for makingtheir investment decisions and may implement OA recommendations either online or by phone. Participants are also solely responsible for reviewing and updating the information they input City Council 19 — 83 9/19/2023