Page 15 - Latham & Watkins 401(k) Savings and Profit Sharing Plan

Get Personalized Advice Provided by Morningstar Investment Management LLC4
Your 401(k) Plan offers you access to third-party personalized advice. This benefit can play a key role in your retirement savings.
The Morningstar Investment Management advice service (available at no additional cost)
This advice:
• Calculates a target retirement income goal
• Provides personalized recommendations on how much to save for retirement, when you can plan to retire, and when to start taking Social Security benefits
• Selects the investments for your 401(k) Plan account, based on the investment choices available within the 401(k) Plan
The Power of Personalization
Information such as salary, account balance, savings rate, estimated Social Security benefits, or other sources of income will be used to create a financial picture of you, your retirement income goals, and your investment style.
Ongoing Professional Management
You can receive professional management of your 401(k) Plan account through the managed account service, which provides ongoing investment monitoring and will automatically make changes to your investments as your retirement needs change and you get closer to retirement. This service has a fee charged to your 401(k) Plan account.
The fee for this service is based on your eligible average daily 401(k) Plan account balance (excluding PCRA and loan balances) and the number of days you are in the service, which is applied to your 401(k) Plan account on a quarterly basis. For more information, log in to your 401(k) Plan account at workplace.schwab.com, go to My Account > History & Statements > Statements & Reports, and view the latest annual Fee and Investment
Notice and any subsequent change Notices listed in the Other Account Documents section.
Choose How Much Help You Want
With the 401(k) Plan, you have the power to choose the kind of account management that is right for you.
If you don’t have time to keep up with financial planning or would feel more comfortable with ongoing professional investment management, the managed account service may be right for you. If you’d rather manage your 401(k) Plan account yourself, you can still get initial personalized advice recommendations to help you make informed decisions.
Advice is provided by Morningstar Investment Management LLC, an independent registered investment adviser.
It’s easy to get started. Log in to your 401(k) Plan account at workplace.schwab.com to access the self-serve advice tool, or schedule an appointment to speak one-on-one with an advice consultant, who can walk you through the process and
explain Morningstar Investment Management’s recommendations to you.
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